PayPal has laid off employees from risk management and operations this week, with the company trying to cut down costs to shore up profits as spending on its platform has stagnated in the past quarters. The e-wallet firm has laid …
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Elon Musk’s delayed disclosure of his sizable purchase of Twitter shares last month. The Tesla CEO made his disclosure on April 4, 10 days late of the deadline for filing …
Amazon will no longer give paid time off to its U.S. workers who test positive for COVID-19 and told workers it is “returning to standard sick leave policies.” The U.S.-based staff will now get five days of excused, unpaid leave …
Huawei announced a 67 percent drop in its profits during the first quarter of the year as the tech giant battles U.S. trade and investment sanctions. The company reported 131 billion yuan ($20.63 billion) in revenue for the first quarter, …
A federal judge in California rejected a request from shareholders to stop Elon Musk from discussing a lawsuit claiming he had defrauded them after tweeting in 2018 that he intended to make Tesla a private company. U.S. District Judge Edward …
The US State Department approved a potential Foreign Military Sale of T-6 Aircraft Sustainment and related equipment to the Government of Argentina for an estimated cost of $73 million. The Defense Security Cooperation Agency (DSCA) submitted the required certification to …
UK bank HSBC allegedly edited out portions of its’ analyst’s research publications that excluded references to a “war” in Ukraine. According to a report by The Financial Times (FT) quoting two unidentified people, HSBC committees that review all externally published …
The Organized Crime and Corruption Reporting Project (OCCRP) announced that it has launched the Russian Oligarch asset tracker tool. According to the OCCRP, the asset tracker is the most comprehensive public database of oligarch assets to date and was made …
Shanghai Disneyland temporarily closed down on Monday, in response to the COVID-19 cases, and is said to remain closed until further notice. The theme park temporarily closed, along with Shanghai Disney Resort, the shopping complex Disneytown, and the Wishing Star …
Australia imposed sanctions on Friday on two Russian oligarchs with links to mining. Australia’s Department of Foreign Affairs and Trade imposed economic sanctions to Russian billionaires Viktor Vekselberg and Oleg Deripaska, who have assets in Australia. The two are said …
