China will take necessary measures to uphold rights of Chinese companies

China said on Friday it would take necessary measures to uphold the rights and interests of Chinese companies, after the United States added Chinese supercomputing entities to an economic blacklist. Foreign ministry spokesman Zhao Lijian was speaking at a regular news briefing. The U.S. Commerce Department said on Thursday it was adding seven Chinese supercomputing […]

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Volkswagen loses A$125 million fine appeal for emissions breach in Australia

Australian competition regulator said on Friday the federal court dismissed Volkswagen’s appeal against a record A$125 million ($95.1 million) fine on the German car maker, which was part of a global emissions cheating scandal. The federal court fined Volkswagen in December 2019 for breaching the Australian consumer law by making false representations about compliance with […]

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Some Hong Kong lawmakers criticise plans to mask company directors’ data

Several Hong Kong lawmakers on Friday raised concerns that proposals to restrict public access to information about directors of companies could make it harder for trade unions, journalists and lawyers to do their jobs. The proposals, which would allow companies to withhold information such as directors’ addresses and full ID card numbers, were being discussed […]

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Rebounding private flights fuel M&A interest in corporate jet services providers

As U.S. business aviation traffic rebounds to pre-pandemic levels, a niche, fragmented industry providing services ranging from hangars to fueling is drawing interest from private equity funds and infrastructure investors. Fixed base operators, or FBOs, play a key role in keeping private jets flying, offering services like hangars and fueling, and some buyers are betting […]

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