1.AMAZON:Amazon will guarantee an entry-level wage at its German warehouses of 12 euros ($15) an hour, the company said on Friday in the face of a long-running battle with a top labour union. Germany is Amazon’s biggest market after the United States, and the Verdi union has been organising...
TOP 5 STOCKS TO WATCHOUT:- 1.Volkswagen:Volkswagen expects a shortage in semiconductor supply to ease in the third quarter but sees the bottlenecks continuing in the long-term, a board member told Handelsblatt newspaper. “At the moment we have reached the lowest point. We are facing the toughest six weeks,” Murat...
1.AMAZON :-Washington, DC’s attorney general filed a lawsuit against Amazon.com on Tuesday, alleging the online retailer broke antitrust law by requiring that third-party sellers not offer better deals for their products elsewhere. Attorney General Karl Racine said Amazon requires third party sellers to give its customers the same or...
1.ASTRAZENECA :-Britain’s competition regulator is reviewing AstraZeneca’s $39 billion buyout of U.S.-based Alexion on concerns it could reduce competition in the UK market or elsewhere. The UK’s Competition and Markets Authority (CMA) said on Tuesday it was inviting comments from any interested party on the deal to help its...
1.FACEBOOK: –Singapore on Thursday ordered Facebook (NASDAQ:FB) and Twitter to carry a correction notice to users of the social media platforms in the country over what it says is a false statement about a new virus variant originating in Singapore. The ministry of health said it was aware of...
TOP 5 STOCKS TO WATCHOUT: – 1.BAYER: –A federal judge on Tuesday questioned a $2 billion proposal by Bayer AG (DE:BAYGN) that would create a framework for resolving future claims that its Roundup weedkiller causes cancer, casting doubt on the plan a day before a key hearing. Bayer (OTC:BAYRY)...
TOP 5 STOCKS TO WATCHOUT: – 1.APPLE: –Apple Inc. gets its turn this week to mount a courtroom defense against Epic Games Inc.’s antitrust claims, preparing to bring in its most powerful spokesman: Tim Cook. Mr. Cook, a guarded chief executive who is used to carefully orchestrated public appearances,...
1. TESLA: – -Tesla (NASDAQ:TSLA) Inc boss Elon Musk denounced the “insane” amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Bitcoin fell more than 10% after Musk, one of its most famous backers,...
1.AMAZON: –Amazon (NASDAQ:AMZN) on Wednesday won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg as Europe’s second highest court dealt a blow to the bloc’s crackdown against unfair tax deals for multinationals. In a separate case, French utility...
1.TESLA: –-U.S. electric car maker Tesla (NASDAQ:TSLA) Inc has halted plans to buy land to expand its Shanghai plant and make it a global export hub, people familiar with the matter said, due to uncertainty created by U.S.-China tensions. With 25% tariffs on imported Chinese electric vehicles imposed on...