According to two sources familiar with the matter at hand, the U.S. State Department has submitted a proposal to the Trump administration to add China’s Ant Group to its Entity List. The development comes at a time when when the… Read More ›
According to a news report from South Korea’s Yonhap news agency, Hyundai Motor Group’s executive vice chairman Euisun Chung is set to become its chairman on Wednesday. The development sees Euisun Chung formally taking over the reins of the car… Read More ›
On Wednesday, Britain’s biggest asset manager said, it plans on increasing the number of companies it assess and engages vis-a-vis climate change, in order to accelerate global efforts to move towards a low-carbon economy. In a statement Legal & General… Read More ›
According to Chinese customs data released on Tuesday, Beijing’s trade surplus with the United States has narrowed to $30.75 billion in September, down from $34.24 billion a month earlier. For the first nine months of the year, China’s trade surplus… Read More ›
There was a 99.7 per cent year on year drop in car manufacturing in Britain in the month of April because of the novel coronavirus related shutdowns. According to the industry body, Society of Motor Manufacturers and Traders (SMMT), the… Read More ›
One provides the canvas, the other produces the artwork. For two years now, the two companies have merged their operations, thus providing each other with new technological tools. In an industry where technological advance is key, the alliance between the… Read More ›
According to a report from the South China Morning Post on Tuesday, Hong Kong’s Cathay Pacific Airways Ltd stated it will cut 18% of its worforce, which amounts to 6,000 jobs, to help it weather the coronavirus-induced COVID-19 pandemic. Earlier this… Read More ›
On Tuesday, following a U.S. brokered agreement, the first ever official delegation from the United Arab Emirates left for Israel with the two countries looking to broaden ties and normalise relations. According to Israeli officials, the visit will be largely… Read More ›
Chinese ride-hailing giant Didi Chuxing is weighing an option for a multibillion-dollar initial public offering in Hong Kong in 2021, said sources with knowledge of the matter at hand. Earlier Didi Chuxing had aimed for a listing in New York…. Read More ›
Even as the global price for fuel continues to be very low, the process of consolidation in the energy sector continued with ConocoPhillips agreeing on Monday to acquire the United States based shale oil producer Concho Resources in a deal… Read More ›
Business in the United Kingdom are being asked to put in pace preparations for a no deal Brexit after the transition period ends at the end of the current year as a campaign to this effect says that “time is… Read More ›
According to data from the National Bureau of Statistics of HCina, the country has managed to stage a recovery from the economic impact of the novel coronavirus pandemic during the third quarter. A year on year GDP growth of 4.9… Read More ›
According to the former boss of the Brexit department, Britain’s ability to trade will be faced with a “dead weight” because of the narrow EU deal sought by Boris Johnson. There are concerns that Britain is not at all prepared… Read More ›
On Monday, in a statement, Swiss electric car startup Piëch Automotive AG stated, it has appointed the former CEO of Porsche and Volkswagen, Matthias Mueller, as its new chairman. Incidentally, Piëch Automotive is founded by Anton Piëch, who is the… Read More ›
The Chinese government would now be able to act against those countries that abuse export controls to cause harm to the economic interests of China by passing a new law that will allow the government to restrict exports of controlled… Read More ›
The recovery of the euro zone from the deep recession could be derailed in the event of a large second wave of the novel coronavirus pandemic which makes it more important to announce ultra-easy monetary policy, said Fabio Panetta, a… Read More ›
