On Tuesday, Foxconn, the world’s largest contract chipmaker, said it expects the second half of this year to be “in a better direction” since COVD-19 lockdown appears to be easing in Shanghai. “We are quite confident in the stability of… Read More ›
In a significant development Turkish President Tayyip Erdogan said, Ankara cannot allow countries that support terrorism to in NATO, in reference to Finland and Ankara’s bid to join the military alliance. “For as long as Tayyip Erdogan is the head… Read More ›
Efforts by Bern to refresh free trade agreement with China have hit roadblocks stemming from China’s dismal human rights record. In 2013, both countries had signed a free trade agreement, marking Beijing’s first such deal with an economy in continental… Read More ›
In a statement German Economy Minister Robert Habeck expressed concerns over the European Union’s unity on Russia, saying he is seeing signs that they are “starting to crumble”. Habeck made the comments ahead of a summit to discuss an oil… Read More ›
The world’s seven major industrialized economies have proposed a price restriction on Russian oil in order to further constrain the Kremlin’s capacity to fund its offensive in Ukraine and to safeguard consumers from rising energy prices. However, the G-7′s pursuit… Read More ›
Another prominent Chinese developer has gone bankrupt, adding to the woes of the world’s second largest economy’s real estate sector. According to a company filing with the Hong Kong stock exchange, Shanghai-based Shimao Group failed to pay the interest and… Read More ›
When administered as a booster, coronavirus vaccinations modified to incorporate the Omicron variant strain can improve protection, according to the European Medicines Agency and other worldwide health regulators on Friday. The European Medicines Agency (EMA) announced that global regulators have… Read More ›
To tackle rising pollution in the country’s streets, India banned single-use plastics on goods ranging from straws to cigarette packets on Friday. When the ban was announced, the government ignored the appeals of food, beverage, and consumer products industries to… Read More ›
A Federal Reserve indicator of economic growth suggests that the United States has entered a recession. Most Wall Street economists believe negative growth is more likely in the future, although it won’t happen until at least 2023. However, the Atlanta… Read More ›
Inflation in the eurozone reached a new high in June, just before of the European Central Bank’s first rate hike in 11 years. According to preliminary estimates released Friday by Europe’s statistics body Eurostat, headline inflation was 8.6 per cent… Read More ›
Fifteen Black former or current Tesla employees filed a complaint against the electric car company, citing racial discrimination and harassment at its plants. According to the lawsuit filed in a California state court, the workers said they were subjected to… Read More ›
After months of negotiations, US department store giant Kohl’s Corp called off its sale to Franchise Group on Friday, citing declining markets and challenging financial conditions. Kohl’s shares, which had already fallen 28 per cent since January, fell roughly 15… Read More ›
The International Monetary Fund has terminated talks with Sri Lanka after failing to reach an agreement on a rescue package for the near-bankrupt country after 10 days. Nonetheless, the IMF agreed to continue the talks, which began on June 20,… Read More ›
According to surveys published Thursday, China’s massive industrial and service industries just saw their first month of growth since February, as Covid restrictions were loosened in numerous locations. However, the threat of more lockdowns lurks over the world’s second largest… Read More ›
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