On Saturday, in a statement, a spokesman for Honda said, it has agreed to sell its British car plant at Swindon in southern England to logistics giant Panattoni with the new owner reportedly planning to make a large investment at… Read More ›
Month: March 2021
Chevron Corp eyeing to acquire Royal Dutch Shell Plc’s refineries in Pacific Northwest
According to three sources familiar with the matter at hand, Chevron Corp has emerged as a leading contender to acquire one of Royal Dutch Shell Plc’s refineries in the U.S. Pacific Northwest. Shell has been trying to sell its 145,000… Read More ›
Britain nearing vaccine deal with EU
According to a report from The Times, Britain is close to striking a vaccine deal with the European Union thus potentially removing a threat of the EU cutting off supplies of COVID-19 vaccines to the country. Under the terms of… Read More ›
Facebook Investigation Reveals Uyghurs Living In US Were Targeted By Chinese Hackers
Finding from an investigation by security staff at Facebook has revealed that Uyghur activists and journalists living in the United States were targeted by Chinese hackers with the aim of spying on them. “They targeted activists, journalists and dissidents… Read More ›
EU Backs Stricter Export Control Of Covid-19 Vaccines But Dies Not Impose A Ban
Leaders of the European Union backed in principle of imposing tougher controls on exports of Covid-19 vaccines, stopping short of imposing a complete ban on export of the vaccines. This move came after a drawn-out row with the Anglo-Swedish manufacturer… Read More ›
$9.6bn Of Goods A Day Is Being Held Up By The Suez Blockage
According to shipping data, an estimated an estimated $9.6bn of goods each day is being held up by the stranded Ever Given mega-container ship in the Suez Canal since Tuesday. That is equivalent to $400m an hour in trade along… Read More ›
Deutsche Bank CEO Christian Sewing willing to give up oversight of investment bank
On Friday, in a move that is likely to reassure regulators, Deutsche Bank CEO Christian Sewing said, Deutsche Bank is willing to give up his role of overseeing the investment bank in the foreseeable future. Deutsche Bank, Germany’s biggest bank,… Read More ›
German insurer Allianz nears deals to acquire Aviva’s Polish unit for $2.94 billion
According to sources familiar with the matter at hand, German insurer Allianz is closing in on a $2.94 billion (2.5 billion euro) deal to acquire Aviva’s Polish unit. “Allianz is close to entering exclusive talks with Aviva and a deal… Read More ›
LG spin off five affiliates, increases focus on existing core businesses
On Friday, shareholders of LG Corp shareholders approved the company’s plan to spin off five affiliates, which according to the South Korean company would allow it to focus on existing core businesses such as electronics, telecommunications services and chemicals. In… Read More ›
Global vaccine producers should match EU’s vaccine exports: Ursula von der Leyen
In a statement, Ursula von der Leyen, the Chief Commissioner of the European Union, said, Europe was the biggest vaccine exporter in the world and challenged other COVID-19 producers to match its exports. After Britain introduced a vaccine exports monitoring… Read More ›