The British supermarket giant Sainsbury’s will no more sell CDs and DVDs as the demand for these products has dwindled in the face of growing streaming services, the company said. The company’s customers were increasingly choosing to opt for music… Read More ›
Day: July 9, 2021
Growth In Central And Eastern Europe To Be Higher Than Western Europe, Says IMF Chief
The rate of economic growth of countries in central and eastern Europe kin the next few years would be faster than the countries in western Europe, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday. The combined gross domestic… Read More ›
Britain to end quarantine restrictions for fully vaccinated travelers from medium risk countries
In a significant development, British transport minister Grant Shapps said, London will share the details of a plan which aims to do away with quarantine for fully vaccinated travellers who return from medium risk countries. The potential move will boost… Read More ›
UK liable to pay $56.2 billion as part of post-Brexit financial settlement
In a statement, the executive body of the European Union said, the United Kingdom is liable to pay $56.2 billion (47.5 billion euros) to the bloc as part of its post-Brexit financial settlement. The amount, forming part of the EU’s… Read More ›
China’s state owned corporates contributed record defaults during Q2
China’s corporate bond defaults have hit a record high in 2021, underscoring growing tightening of credit and increased reluctance by regional governments to bail out troubled state-owned firms. During the first half of this year, bond defaults by Chinese companies… Read More ›
Chinese EV maker Nio Inc to have 4000 battery swapping stations globally by 2025
On Friday, Qin Lihong, the president of Chinese electric vehicle maker Nio Inc said, it plans to have 4,000 battery swapping stations globally by 2025. Nio, which makes premium electric cars, aims to have 700 battery swapping stations by the… Read More ›