The European Commission has approved Dufry's acquisition of Autogrill in Italy. The European Commission approved Swiss duty-free retailer Dufry's acquisition of Italian airport and highway catering company Autogrill. The merger will result in a travel industry behemoth. When Autogrill and Dufry...

The US Consumer Financial Protection Bureau levied its largest-ever civil penalty against Wells Fargo & Co on Tuesday as part of a $3.7 billion settlement to resolve allegations of widespread mismanagement of bank accounts, mortgages, and auto loans.   Over 16 million customer accounts...

According to the local newspaper Volksstimme, Intel Corp. has delayed the construction of a semiconductor facility in Magdeburg, eastern Germany, that had been slated to begin in the first half of 2023. The newspaper claims that the industry behemoth in semiconductors needs further government aid....

Taiwan's Ministry of Economic Affairs announced a fine against Foxconn, one of the country's largest technology companies, for violating local laws governing foreign investment and relations with the People's Republic of China. The fine was imposed because Foxconn failed to notify Taiwanese...

Around 1,200 local employees will be impacted by Citigroup Inc.'s announcement that it is closing down its retail banking operations in China. As part of a global strategy to sell consumer franchises in 14 nations throughout Asia, Europe, the Middle East, Africa, and Mexico, in April 2021the...

Sony Group Corp. may spend approximately 800 billion yen ($5.83 billion) to construct a new factory in Japan's western Kumamoto Prefecture to make image sensors for smartphones, Nikkei reports. According to the article, the corporation intends to begin construction of the factory as early as 2024...

Some Chinese businesses will be removed by the White House from its list of organizations that are "untrustworthy in terms of the supply of technology items," reports Reuters citing sources. Names of the businesses that will have their restrictions lifted are still unknown. After China authorized...

Danske Bank would pay the United States billions of dollars in response to claims that it had concealed client data. The Department of Justice reported that Danske Bank, the largest bank in Denmark, has agreed to pay US$ 2 billion to the American authorities to resolve claims that it withheld...

The U.S. Securities and Exchange Commission (SEC) gave recommendations to American businesses, asking them to review their cryptocurrency holdings and, if necessary, report on their status. "The recent bankruptcy and financial issues of a few bitcoin market participants have upheaved this industry....