US removes Xiaomi from blacklist, reversing late China Jab by Trump
A court filing showed that the US Department of Defence will remove China’s Xiaomi Corp (1810.HK) from a government blacklist. This is as per the marking a noteworthy reversal by the Biden administration of one of Donald Trump’s last jabs at Beijing before exiting office. Without further contest, the two parties would agree to resolve their ongoing litigation […]
Yet another EU threat, says UK PM’s Spokesman over French financial services move
Boris Johnson, a spokesman for Prime Minister said that the bloc issuing threats at any sign of difficulty. A good example for this is a French move to delay a European Union financial services deal with Britain over fishing access. Until Johnson grants EU fishermen fair access to British waters, Paris has said it will […]
Exclusive Foxconn’s iPhone output in India down amid covid surge
The production of the Apple iPhone 12 at the Foxconn factory in India has slumped by more than 50%. This is because the woorkers got infected with covid and left heir posts. The Foxconn facility in the southern state of Tamil Nadu produces iPhones specifically for India. Tamil Nadu is facing one of the worst hits in […]
Amazon wins court fight against $303 million EU tax order
As Europe’s second highest court dealt a blow to the bloc’s efforts to make multinational corporations pay more tax, amazon has won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg. Amazon had not enjoyed a selective advantage in its tax deal with the Grand […]