On Wednesday, the Russian subsidiary of Honda Motor Co said it would stop supplying new cars to official dealers in Russia in 2022. The move is part of the company’s efforts to restructure its operations. Honda has clarified that it… Read More ›
Day: December 30, 2020
AstraZeneca-Oxford COVID-19 vaccine starts rolling out in UK
In a statement British Health Secretary Matt Hancock said, hundreds of thousands of doses of the AstraZeneca-Oxford COVID-19 vaccine will start rolling out in Britain after the COVID-19 vaccine candidate was approved by regulators. “We’ll get going on this,” said… Read More ›
State Department approves plans to sell precision bombs to Saudi Arabia worth $290 billion
In a statement the Pentagon said, the U.S. State Department has approved the potential sale of 3,000 precision guided munitions to Saudi Arabia in a deal valued at up to $290 billion. The incoming Bidden Administration has pledged to halt… Read More ›
FTSE Russell, S&P Dow Jones Indices, MSCI delete more Chinse companies from global benchmarks
In a significant development, global index publisher FTSE Russell stated it will delete more Chinese companies from its global benchmarks following the Trump administration strengthening an executive order barring U.S. investment in Chinese firms which have military backing. On Monday,… Read More ›
Indonesia signs $9.8 billion deal for constructing integrated electric battery factory from upstream to downstream
In a significant development South Korea has signed a memorandum of understanding (MOU) with a unit of South Korean giant LG Group for a battery investment deal valued at $9.8 billion electric vehicle (EV). The deal, signed on December 18,… Read More ›
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