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A G7 Deal on a Global Minimum Tax for Companies Faces Hurdles

A G7 Deal on a Global Minimum Tax for Companies Faces Hurdles A G7 Deal on a Global Minimum Tax for Companies Faces Hurdles Many governments are likely to wait and see what others, especially a divided U.S. Congress, will do to put the deal into effect published : 8 Jun 2021 at 04:00 G7 finance ministers attend the first day of the meeting at Lancaster House in London on Friday. Pool/AFP An agreement by wealthy countri...
United States South Africa City Of United Kingdom Nick Clegg Janet Yellen

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Chinese Shoppers, Stuck in China, Revive Local Malls

Chinese Shoppers, Stuck in China, Revive Local Malls Chinese Shoppers, Stuck in China, Revive Local Malls With travel restrictions keeping people at home, many are spending at local shops with cash they might otherwise have dropped abroad published : 27 May 2021 at 04:00 Dont tell Chinese consumers that the shopping mall is in decline. While shoppers on the mainland like to browse for items online, during the pandemic many said they rediscovered...
Hong Kong Hines Asia Pacific Louis Vuitton Ronnie Chan Jiayi Wen Claire Thielke

Chinese Surveillance-Gear Maker Hikvision Has Ties to Country's Military, Report Says

According to materials found by IPVM, Hikvision, whose surveillance cameras are seen in front of a Chinese flag at a main shopping area in Shanghai, sold equipment to the Chinese air force in 2019. (Photo: Reuters) The worlds largest maker of surveillance equipment has long-established links to Chinas military, including conducting a study with Chinese weapons experts and supplying cameras and drones to the countrys air force, according to a report by a surveillance-i...
United States Kyle Sullivan Xiaomi Corp China Foreign Ministry Chinese Communist Party Central Military Commission China Electronics Technology Group Corp

Grocers Need Not Fear Amazon -- for Now

Amazons disruptive streak hasnt yet extended to the grocery aisles. Supermarkets should still be on their toes. It has been 14 years since Amazon began its grocery-delivery service, Amazon Fresh, and about four years since the company bought Whole Foods. Yet Amazons total grocery market share is still underwhelming. For the year ended March 31, Amazon.com and Whole Foods had 1.4% and 1.2% of the grocery spending in the U.S., respectively, according to data from Numerator. Industry stalwarts Wal...
United States Brian Olsavsky Brittain Ladd Michael Lasser Whole Foods Amazon Fresh

Teslas Made in Russia? Elon Musk Says It's Possible

Elon Musk raised the prospect of Russian-made Tesla Inc. cars, saying the company was considering opening a factory in the country as it looks to expand its production facilities globally. In a 45-minute appearance via video link at a Kremlin-supported educational forum, Mr. Musk, Teslas chief executive, said the company was looking at opening production facilities outside of the U.S. and China where it already has sites. "I think we are close to establishing a Tesla presence in Russia, that wo...
United States Dmitry Peskov Elon Musk Steve Wozniak Vladimir Putin Denis Manturov

Microsoft Plans to Pull the Plug on Internet Explorer

Microsoft Plans to Pull the Plug on Internet Explorer Microsoft Plans to Pull the Plug on Internet Explorer Software giants web browser to join other early internet mainstays like AOL Instant Messenger on the digital scrap heap published : 21 May 2021 at 04:00 2 Microsoft Corp. plans to largely retire its Internet Explorer browser, adding to the digital scrap heap a product once at the center of one of the tech industrys biggest battles. The sof...
Facebook Inc Microsoft Corp Justice Department Blackberry Ltd Apple Inc Alphabet Inc

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