The long-awaited London-Shanghai Stock Connect finally launched in June, allowing UK and Chinese listed companies to trade on each other’s stock market.
The Competition and Markets Authority (UK’s competition regulator) has halted attempts by Amazon and Deliveroo to integrate on the grounds that the pair had “ceased to be distinct” following Amazon’s $575 million funding round, which was used to invest in Deliveroo.
The HKMA (Hong Kong Monetary Authority) recently granted a virtual banking license to Ping An OneConnect, a fintech (financial technology) branch of one of China’s largest insurance companies Ping An Insurance.
Monzo (the UK-based trending ‘challenger’ bank) has set up business in the United States. The digital bank has received fresh funds to double its valuation to exceed £2bn, in just 8 months.
Caterpillar Inc, the world's largest construction equipment manufacturer with net revenue exceeding $54 billion, recently applied to cancel the trademarks of several small businesses with "Cat" in their name - including Cat & Cloud, a local coffee shop based in Santa Cruz, California.
The Chinese government has allowed the Chinese law firm Zhao Sheng (who in April 2018 formed a Shanghai free trade zone joint operation with Linklaters) to open a second office in Beijing.
The Competition and Markets Authority (CMA) has recommended that the Big Four accountancy firms should separate their professional services and audit work.
A 500-page lawsuit has been filed by 44 US states alleging an anti-competitive conspiracy between drug makers Teva, Novartis, Pfizer, Mylan and Sandoz to artificially inflate prices by more than 1000% for over 100 generic drugs.
The Big Four firms have been temporarily banned by the Bar Council of Delhi from expanding their legal services in India.
Fieldfisher has merged with Irish law firm McDowell Purcell in a Brexit-related move.