According to a new study, one billion more doses of the available Covid-19 vaccines than their citizens need have been purchased by the richest countries of the world which would mean that people from poorer countries will probably not be… Read More ›
Day: February 21, 2021
Paris Agreement Officially Rejoined By The US
The Paris Agreement on climate change has not formally been rejoined by the United States. The agreement was formed to tackle the problem of global warming so that the potentially catastrophic impacts of it can be avoided. According to the… Read More ›
Corporate taxes will be gradually raised to 23% in coming years: British Finance Minister
In a significant development, the Sunday Times reported, British finance minister in the upcoming budget in March, Rishi Sunak is likely to raise taxes on businesses to pay for the Government’s COVID-19 support schemes. During his March 3, 2020 speech,… Read More ›
Cease-Fire In Transatlantic Trade War Was Urged By Airbus CEO
An urgent call for a “cease-fire” in the on-going trade spat between the European Union and the United States over aircraft subsidies was given by the head of European plane maker Airbus on Saturday. The company said that the damage… Read More ›
Bitcoin Touches New Record High As Its Market Cap Surges Past $1 Trillion
Investors in bitcoin apparently unheeded warnings by analysts that the crypto currency is an “economic side show” and is a poor hedge for the drop in stock prices as the market capitalization of the virtual currency hit a value of… Read More ›
Mark Carney, former head of UK and Canadian central bank, joins fintech Stripe Inc’s board
In a significant development, Mark Carney, the former head of the UK and Canadian central banks, has joined Stripe Inc’s board of directors. The development comes in the wake of the company reporting that it plans on a funding round… Read More ›
Israel starts gradual return to normal, widens reopening of economy
On Sunday, Israel began reopening parts of its economy on what it termed as the start of a return to normal following a COVID-19 vaccination drive that has reached almost 50% of its population. While everyone could visits shops, access… Read More ›
FTSE Russell includes 11 Chinese stocks in global benchmark
In a significant development that marks a sharp contrast in Britain’s stands towards China, a post on index provider FTSE Russell states, it will “add 11 stocks from China’s STAR Market to its global benchmarks” thus allowing Beijing to benefit… Read More ›
Saudi Arabia aims to source 50% of its military hardware locally by 2030, aims to invest $20 billion over the next decade
In a statement the head of Saudi Arabia’s military industry regulator stated, the Kingdom plans on investing more than $20 billion in its domestic military industry over the course of the next decade as part of an aggressive military spending… Read More ›