China Regulator Fines Alibaba Group $2.75 Billion for Market Monopoly Practice
China fined Alibaba Group Holding Ltd $2.75 billion for breaking antitrust rules and exploiting its dominant business position.
Why Amazon's Jeff Bezos Backs Biden's Infrastructure Plan That Would Lead to Corporate Tax Hike
Amazon's founder, Jeff Bezos supports President Biden's initiative to increase corporate taxes to help pay administration's infrastructure plan.
Mitch McConnell Wants Big Companies To Stay Out of Politics Unless Involving Donations
Mitch McConnell slammed big companies for criticizing Georgia's controversial new voting laws telling top executives to "stay out of politics."
LG Confirms Shutting Down of Mobile Business as It Experience Continuous Surge of Losses
LG smartphone business is shutting down with losses continuing to surge, news from its home country, Korea, reported.
Nike Sues Lil Nas X's Blood Shoes Maker Copyright Infringement Endorsing Satanism
Nike sued Mschf for its "Satan Shoes," which were produced in partnership with rapper Lil Nas X.
Czech Republic's Richest Man Dies in Tragic Helicopter Crash in Alaska
Petr Kellner, a Czech billionaire and the founder of PPF Group NV, was killed in a helicopter crash in the Alaskan mountains.
NLRB: Elon Musk Tweet Threatens to Retaliate Against Workers, Tesla Violates Labor Law
Elon Musk, the CEO of Tesla, has landed himself in warm water with yet another federal agency, this time the National Labor Relations Board.
China Slams International Clothing, Shoe Brands Over Xinjiang Concerns
Many clothing and shoe brands face a storm of criticism in China over Xinjiang cotton concerns.
Texas Roadhouse CEO Decides To End His Life Due to 'Unbearable' COVID-19
Kent Taylor, the founder, and CEO of Texas Roadhouse, died on Thursday. He was 65 years old.
IRS Delays Tax Filing, Tax Agency Behind in Tax Returns Processes
To give some breathing room to Americans in an unusually chaotic filing season, the IRS is currently arranging to delay its customary April 15 tax filing deadline and moved it until May 17.
Why Did This Chinese Billionaire Suddenly Quit With His Tech Company?
A Chinese billionaire and a chairman of Pinduoduo, a high-flying Chinese e-commerce company, has suddenly stepped down.
Russia Vows To Block Twitter for 30 Days
Russia has vowed to ban Twitter within 30 days unless it takes action to delete 'banned content,' as described by the government.
China Increases Pressure on Tech Giants Through Regulators
Regulators concerned about China's rising power are increasing their pressure on the country's tech giants.
Tesla Plant Records Hundreds of COVID-19 Cases
Tesla's Bay Area production plant reported hundreds of positive COVID-19 cases following CEO Elon Musk's defiant reopening of the plant last May.
Russia Says Google Outage Due To Fire in Data Center
Russia is now trying to blame the Google outage on a fire at the tech giant's data center in France, a claim Google disputes.