In a significant development, in a report The Mail said, loyal members of the Chinese Communist Party have infiltrated some of the UK’s leading companies, as well as universities and the British consulates. The Mail’s report is based on a… Read More ›
Month: December 2020
Policy shift as Britain pledges to stop direct government support for overseas fossil fuel projects
In a statement the office of British Prime Minister Boris Johnson said, it will pledge to end direct government support for overseas fossil fuel projects at a U.N. summit at a move aimed at tackling climate change. Britain will be… Read More ›
Samsung Electronics relocates mobile display plant from China to India
In a statement, the Indian state of Uttar Pradesh said, it will provide financial incentives to Samsung Electronics Co to set up its $654.36 million (48.25 billion rupee) display factory in the state. Samsung will be relocating the factory from… Read More ›
Covid-19 Stimulus Package Finally Approved By EU Leaders After Veto Lifted By Hungary And Poland
The European Union has finally ended the impasse over the much-needed stimulus package for Covid-19 which means that access to a historic level of funding will soon be available for cash-strapped countries. In July, the European countries agreed to raise… Read More ›
British PM Johnson Says No-Trade Deal Brexit ‘Very Very Likely’
British Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen said on Friday that it is likely that the exit of the former from the European Union on January 1 next year will happen without a deal… Read More ›
BoE does not foresee Brexit related market disruptions threatening UK’s financial stability
On Friday, Britain’s central bank, the Bank of England, took steps to keep inter-bank lending rates steady through 2021 as Britain negotiates its trade relationship with the European Union. In a statement, Bank of England Governor Andrew Bailey said, Britain… Read More ›
Rolls Royce roiled by coronavirus, as pandemic disrupts engine flying hours
With the coronavirus-induced COVID-19 pandemic bring the global travel to a stop, British engineering company Rolls-Royce downgraded its yearly cash outflow forecast underscoring the challenges it faces in its financial outlook even as the air travel continues to be disrupted… Read More ›
Chinese member of Bloomberg detained by plain clothes official on suspicion of endangering national security
On Friday, Bloomberg reported that Chinese authorities have detained a Chinese staff member who worked for Bloomberg news bureau in Beijing. He was detained on suspicion of endangering national security, said the report. Haze Fan was seen escorted from her… Read More ›
China leverages COVID-19 – only major economy to recover from pandemic, auto sales surge
On Friday, China’s industry body stated, vehicles sales in the country is set to touch 25 million units in 2020. The development underscores the interesting phenomena in the world’s biggest vehicle market where the auto industry has recovered from the… Read More ›
Government to spend $3.71 billion towards Go To Travel campaign: Japan’s Ministry of Finance
On Friday, in a statement Japan’s Ministry of Finance said, the Japanese Cabinet has decided to spend $3.71 billion (385.6 billion yen) from emergency budget reserves to back the government’s domestic travel. The bulk of the spending will go towards… Read More ›