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June 12, 2021

FIRMS

Travellers at mercy of rogue testing firms, says Which?

BBC
https://www.bbc.co.uk/news/business-57415972 “Weeks on from some international travel being allowed to resume, it’s very concerning to still be uncovering such serious problems with the government’s testing system for travellers – problems that could have easily been ironed out well ahead of travel restarting, had proper regulatory oversight been ensured early on,”......

Biden Expands Trump-Era Ban on Investment in Chinese Firms Linked to Military

New York Times
The new executive order is another case in which the Biden administration is building on a Trump-era China initiative. Mr. Biden has also kept tariffs on Chinese goods in place, as leverage in negotiations. In this case, Biden administration officials say they were acting partly to fix the executive order......

Crypto firms fall short on anti-money laundering rules, UK watchdog says

Reuters
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration Many cryptocurrency firms are not meeting Britain’s anti-money laundering and counter-terrorism financing rules, the country’s financial watchdog said on Thursday, showing how some parts of the emerging sector......

Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office

CNBC
CNBC – For more and to sign up click here Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch – except when big companies want to get their employees back to the office during a pandemic. Employers including banks......

Russian court rejects U.S firm’s lawsuit over COVID-19 drug remdesivir

Reuters
The logo of Gilead Sciences Inc pharmaceutical company is seen in Oceanside, California, U.S., April 29, 2020. REUTERS/Mike Blake/File Photo Russia’s Supreme Court on Thursday rejected a lawsuit from U.S. company Gilead Sciences (GILD.O)that challengeda Russian government decision to let a Russian firm develop and market the anti-COVID-19 drug remdesivir......

Firms are dialing back on video calls to avoid ‘Zoom fatigue’

CNBC
CNBC – For more and to sign up click here Video calls over Zoom became a lifeline during the coronavirus pandemic for many companies, who suddenly found themselves managing remote, disparate workforces.  In that time, many people have become used to their co-workers’ visages spread across a grid on a......

Cryptocurrencies are close to reaching a big milestone versus gold by one Wall Street firm’s count

CNBC
CNBC – For more and to sign up click here Crypto bulls have long championed bitcoin as a modern-day replacement for gold, and by one measure, the new market is already close to surpassing bullion in that respect. The total value of the cryptocurrency market now stands above $2 trillion,......

Just 20 firms behind more than half of single-use plastic waste – study

BBC
US-based ExxonMobil is the biggest producer of single-use plastic, the report says, followed by: Dow, Sinopec, Indorama Ventures, Saudi Aramco, PetroChina, LyondellBasell, Reliance Industries, Braskem, Alpek SA de CV, Borealis, Lotte Chemical, INEOS, Total, Jiangsu Hailun Petrochemical, Far Eastern New Century, Formosa Plastics Corporation, China Energy Investment Group, PTT and......

Chinese firm’s COVID-19 drug claims draw skepticism

Reuters
China’s flag is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS/Dado Ruvic/Illustration Chinese biotech firm Kintor Pharmaceutical Limited (9939.HK) saw its stock price jump by more than 20% the day after it announced on April 25 that it had “completed the first......

U.S. firms still face more restrictions in China than Chinese firms face in U.S., says business group

CNBC
CNBC – For more and to sign up click here Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss BEIJING — Many U.S. companies in China are still finding it harder to operate in the country compared with......

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