Influential economist Jeffrey Sachs believes that it is not the novel coronavirus pandemic but the deepening cold war between the United States and China will turn out to be a much larger threat to global economy. In an interview to… Read More ›
Day: June 22, 2020
Despite Political Tensions, Foreign Firms Are Buying Into Chinese Companies Helped By Open Market Policies
Amid the global economic and business uncertainty brought in by the novel coronavirus pandemic, more foreign businesses are investing in Chinese companies and buying them up which includes deals being made in the more sensitive industries of finance and technology… Read More ›
Tesla Inc could have its AGM on September 15, 2020
Tesla Inc’s Chief Executive Officer Elon Musk stated, the “tentative” date for the company’s annual general meeting would be September 15. The annual shareholder meeting was scheduled for July 7, but the meeting got postponed since new lockdown rules do… Read More ›
COVID19 exposed fundamental tensions between systemic rivals – EU and China
Tensions between the European Union and China could potentially cool down after a video summit today. The video summit will be their first formal talks since the European Union accused Beijing of trying to obfuscate and spread disinformation about the… Read More ›
Drug Controller General of India allows Cipla and Hetero Labs to make and sell Gilead Sciences’ COVID-19 experimental generic drug treatment
In a statement, India pharmaceutical company Cipla Ltd and Hetero Labs stated, they have received permission from India’s drug regulator to manufacture and market their generic version of Gilead Sciences Inc’s experimental COVID-19 remdesivir treatment. The COVID-19 treatment will be… Read More ›
American Airlines Group Inc seeks additional $3.5 billion in new financing to enhance liquidity
In a statement, American Airlines Group Inc said, it plans on securing an additional financing of $3.5 billion to improve its liquidity as it grapple with lockdown and travel restrictions caused by the coronavirus which emerged from Wuhan, China. The… Read More ›
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