Toy suppliers and retailers in the United States and elsewhere are racing against time to tackle severe air, sea and land shipping shortage ahead of the Christmas season.   A major portion of the total annual sales of almost $33 billion comes during the holidays, and the top selling toys...

The aim of the recent sweeping regulatory crackdown on domestic companies by Chinese authorities is not aimed at reining in private enterprises of the country or decoupling them from the United States or the international financial markets, a top official of China’s regulatory body reportedly told...

International payment service PayPal has announced that their UK customers are now able to buy, store and sell a range of cryptocurrencies, the company announced on its Twitter page. "We are pleased to announce that all approved users in the UK can now buy, store and sell cryptocurrencies (Bitcoin,...

There are currently no signals about any change taking place in the currently red-hot global shipping market for the rest of this year, according to the chief executive of the Danish shipping giant A.P. Moller-Maersk.   The company raised its outlook for 2021 once again on Thursday following...

The World Bank decided not to issue the annual Doing Business report on business conditions in different countries any longer. This is due to errors discovered in the calculations for the 2018 and 2020 reports. The World Bank suspended publication of the Doing Business ranking a year ago. Creators...

The U.S. Securities and Exchange Commission (SEC) announced that App Annie, a company that provides data on downloads and usage of mobile applications, agreed to pay a $10 million fine for violating the Securities Trading Act. The reason was the company's practice during which it collected...

Paul Jacobson, Chief Financial Officer at General Motors Co, reiterated the 2021 profit outlook of the company. He also stated that the company expects a more stable year in 2022 for a much steadier supply of auto semiconductors.   Jacobson stated during a conference with investors that GM...

Facebook will allocate $100 million to buy out unpaid accounts of small businesses owned by women and minorities. The social network estimates that the help will be available to about 30,000 businesses. Facebook is set to allocate $100 million to support small businesses owned by women and...

According to the European Commission, a capital injection of 1.35 billion euros by Italy into ITA, scheduled to be done in the next three years, is consistent with European Union’s state aid rules. The Commission said that the aid provided to ITA will be made according to market conditions.  ...