Samsung seeks $805.5 million tax breaks from Texas for new chip plant
Feb 05, 2021 23:58 pm UTC| Business Law Technology
Samsung Electronics Co. has asked Texas state officials to grant tax abatements over 20 years, worth $805.5 million, for its new $17 billion chip facility in the city of Austin. The South Korean electronics giant...
Texas court to hear Google's request for venue change in antitrust case
Feb 05, 2021 00:21 am UTC| Business Law Technology
A hearing on Googles motion to move the trial from Texas to California of the antitrust lawsuit filed by 10 states would likely be held. Judge Sean Jordan said he is open to allowing a hearing on the issue if either...
Amazon gets India court to block $3.3 billion deal between Reliance and Future
Feb 04, 2021 00:04 am UTC| Business Law Technology
A New Delhi court ruled that Reliance Industries deal to purchase local rival Future Retail for $3.3 billion should be put on to protect the rights of Amazon, who objected to it last year. The court ordered all parties...
Toyota seeks simplification of Indian laws to improve ease of doing business
Jan 26, 2021 23:45 pm UTC| Business Law Economy
Toyota Kirloskar Motor (TKM) is seeking for a simplification of Indian laws to improve ease of doing business, roll out of scrappage policy, and lowering of customs duties on imported vehicle parts in the upcoming Union...
S. Korea favored by WTO in tariff case against US
Jan 22, 2021 10:44 am UTC| Economy Business Law
The World Trade Organization (WTO) favored South Korea in its lawsuit against the US for levying high tariffs on its steel and power transformer products since May 2016. According to the WTO panel, eight cases of...
The nuclear weapons ban treaty is groundbreaking, even if the nuclear powers haven't signed
Jan 22, 2021 07:27 am UTC| Law
Today, many around the world will celebrate the first multilateral nuclear disarmament treaty to enter into force in 50 years. The UN Treaty on the Prohibition of Nuclear Weapons (TPNW) was adopted at the United Nations...
EU probes Google's advertising practices
Jan 21, 2021 20:30 pm UTC| Business Law
The European Commission (EC) is obtaining information from advertisers about Googles practices as part of its investigation into the search engines services. Google, which is facing two EC investigations into its...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects