On Monday British food delivery startup Deliveroo announced plans for a London listing while disclosing that it posted a loss of $437.94 million (317 million pounds) in 2020. Deliveroo’s IPO is one of the most eagerly anticipated initial public offerings… Read More ›
Month: March 2021
Chinese Foreign Minister Sounds Tough On US-China Relations
It was important for the United States to remove “unreasonable restrictions” to allow for the two countries to move forward with their relationship under the new administration for President Joe Biden, said Chinese Foreign Minister Wang Yi on Sunday. Over… Read More ›
Military Leaders Of Myanmar Tried To Move $1bn From US Account: Reports
Within days of seizing power in Myanmar, the military rulers of the country attempted to withdraw about $1bn held at the Federal Reserve Bank of New York in the United States which prompted officials in the United States to freeze… Read More ›
GE nears $30 billion-plus deal to combine aircraft-leasing business with Ireland’s AerCap Holdings NV
According to sources familiar with the matter at hand, General Electric Co is closing in on a $30 billion-plus deal to combine its aircraft-leasing business with Ireland’s AerCap Holdings NV, reported the Wall Street Journal. While details of the manner… Read More ›
Brent crude futures breaches $70, first since COVID-19 pandemic
On Monday, for the first time since the coronavirus-induced COVID-19 pandemic began, brent crude futures breached the $70 threshold for the first time, while U.S. crude touched its more than two years high. The development comes in the wake of… Read More ›
The ‘Back To Normal’ From Pandemic Will Not Be Entirely Beneficial For The Grocery Stores
With people’s movement restricted because of the lockdowns imposed to prevent the spread of the Covid-19 pandemic last year, more and more customers were shifting to ordering their weekly and monthly groceries online which augured well for the large grocery… Read More ›
Double Masks Adds Little In Preventing Viral Infection, Finds Japan Supercomputer Study
Compared to a mask that is properly fitted, limited benefit in blocking viral spread is provided by wearing two masks – one on top of another, showed a simulation by a Japanese supercomputer. This finding also partly negates a set… Read More ›
U.S.-UK agree to suspend punitive tariffs on scotch whiskey as first step for finding solution towards civil aviation subsidies
On Thursday, in a report, the Spectator magazine said, Washington and London have hammered out an agreement to suspend retaliatory tariffs on goods including Scotch whisky. The tariffs were imposed earlier as part of a long-running trade dispute over civil… Read More ›
Five Eyes Network should forge closer ties with Greenland given availability of rare earth deposits
With China controlling nearly 90% of the world’s supply of rare earth, the Five Eyes network should forge closer ties with Greenland to boost the critical supply of the minerals and cut their dependence on China, said a think tank… Read More ›
Britain’s Northern Irish Brexit arrangements a clear breach of trust: EU’s Finance Chief
Britain’s decision to make unilateral changes to Northern Irish Brexit arrangements have triggered concerns whether it can be trusted on future trade negotiations, opined the European Union’s finance chief Mairead McGuinness. “It does open a question mark about global Britain,… Read More ›