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Vishakha Singh

Johnson & Johnson Subsidiary Files for Bankruptcy Again to Push $8 Billion Talc Settlement

Johnson & Johnson’s Red River Talc unit has filed for bankruptcy for the third time as the healthcare giant aims to advance an $8 billion proposed settlement to resolve around 62,000 lawsuits alleging that its baby powder and talc products caused cancer. The filing was made in the

EU to Provide Ukraine Up to $39 Billion Amid Ongoing Conflict

The European Union has announced it will lend Ukraine up to €35 billion ($39 billion), representing a significant portion of a $50 billion loan pledged by G7 nations earlier this year. European Commission President Ursula von der Leyen shared the news during her visit to Kyiv, emphasizing that continued EU

SEC Seeks Sanctions Against Elon Musk for Missing Testimony in Twitter Acquisition Probe

The Securities and Exchange Commission (SEC) is pursuing sanctions against Elon Musk after he failed to appear for testimony regarding his $44 billion acquisition of Twitter, now known as X. In a court filing on Friday, the SEC stated that Musk’s absence violated a court order mandating his appearance

Midea’s Hong Kong IPO Sparks Optimism for China’s Billionaire Firms Eyeing Listings

Hong Kong’s recent $4 billion IPO from home appliance giant Midea Group Co. has reignited hopes for a revival of the city’s stagnant initial public offering (IPO) market. As the largest share sale in more than three years, Midea’s successful debut may signal a turnaround for China’

Malaysia Introduces Zero Tax Incentives for Family Offices in Forest City Development

Malaysia is making headlines with its groundbreaking initiative to attract family offices to its US$100 billion Forest City project, located near the Singapore border. The Malaysian government is offering a 0% tax rate for family offices as part of a broader effort to revive interest in this ambitious development.

Bank of Japan Maintains Interest Rate as It Cautiously Navigates Monetary Policy Normalization

The Bank of Japan (BOJ) has decided to keep its benchmark interest rate steady at around 0.25%, the highest level since 2008, following a two-day meeting concluded on Friday. This decision aligns with expectations from a recent Reuters poll, as the central bank aims to gradually normalize its monetary

Wealthy Britons Consider Mass Exodus Amid Proposed Tax Changes by Labour

The prospect of significant tax changes in the U.K. is prompting concerns among the nation’s ultra-wealthy, many of whom are contemplating relocation. With Labour’s plans to abolish the controversial non-domicile (non-dom) tax regime, financial advisors and research bodies warn of a potential exodus of affluent individuals seeking