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CANBERRA: Prime Minister Scott Morrison has laid out his plans to reshape Australia’s post-coronavirus economy, saying improved job skills training will be essential for a changing labour market.
KUALA LUMPUR: The United States has reached a settlement to recover more than $49 million involving Malaysian sovereign wealth fund 1MDB, the Department of Justice said.
WASHINGTON: The U.S. Department of Justice on Tuesday said it has repatriated another $300 million to Malaysia in recovered money misappropriated from 1MalaysiaDevelopment Berhad, or 1MDB, the country's sovereign wealth fund.
TOKYO: SoftBank Group Corp said it has terminated a US$3bil tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the floundering office space company further into crisis.
WASHINGTON: President Donald Trump on Thursday opened the door to a radical shift in the U.S. government's relationship to private industry as the coronavirus outbreak upends the nation's economy, saying he would back the government taking stakes in certain companies.
IT is no secret that corruption and bribery is rampant in the corporate world. Across the globe, many corporations have offered – and continue to offer – some form of payment in return for contracts or favours from government or other companies.
SAN FRANCISCO: Uber Technologies Inc. and Postmates Inc. sued the state of California, alleging that a labor rights law set to go into effect this week is unconstitutional.
KUALA LUMPUR: Malaysia’s top prosecutor said he’s ready to ratchet up a criminal case against Goldman Sachs Group Inc for its role in the 1MDB affair by bringing executives of the US bank to court, as the two sides remain far apart following several rounds of settlement talks
NEW YORK: Goldman Sachs Group Inc is in talks with the U.S. government and a state regulator to possibly pay up to $2 billion and admit guilt to resolve investigations into its role in the 1MDB Malaysian corruption scandal, according to a source familiar with the matter.