Greenland has recently announced that it would be suspending a strategy of searching for oil and would stop any further issuing of exploration licences which effectively brought an end to a 50-year old ambition of the country to become an… Read More ›
Month: July 2021
IEA Says More Fossil Fuel Burning Required To Meet Growing Electricity Demand
A report published by the International Energy Agency (IEA) recently said that the growth rate in the demand for electricity globally was faster than the growth and roll out of renewable renewable energy capacity and therefore the gap will has… Read More ›
Persistence Of Northern Ireland Trade Issue Could Force British Grocers To Shift Supply Chains To EU
If the issues and the future of Britain-Northern Ireland trade are not addressed with urgency, some of their supply chains could be shifted from the United Kingdom to the European Union by British supermarket groups which include the market Tesco… Read More ›
Warning On Business Risks In Hong Kong Issued By US To Multinational Companies
Following the imposition of a sweeping new national security law in Hong Kong last year, a warning to companies over the risks of doing business there has been issued by the United States. Multinational companies are also subject to the… Read More ›
Travelers from France into Britain will have to quarantine: British Health Ministry
In a significant development Britain said, it is doing away with the planned easing of coronavirus rules for travelers from France, which was scheduled to take effect from Monday, because of the continued presence of the Beta variant of the… Read More ›
Vineyard Wind to create first US offshore wind farm
In a development that marks the first nascence of U.S. offshore wind industry even as US President Joe Biden has pledged to support a clean energy and climate change agenda that will create millions of good-paying union jobs, Vineyard Wind… Read More ›
GlaxoSmithKline expands England R&D facility, plans on raising $552.76M
On Friday, British pharma giant GlaxoSmithKline said, it plans to set up a new life sciences campus within its R&D site in Stevenage, England, by raising up to $552.76 million (400 million pounds) by selling some land at the facility. In… Read More ›
FedEx to invest $100M in equity investment in Indian logistic startup Delhivery
On Friday, US delivery giant FedEx Corp said it will make $100-million in equity investment in Indian e-commerce logistics startup Delhivery as part of a long-term commercial agreement. As part of the deal, SoftBank-backed Delhivery will sell FedEx Express’ international… Read More ›
US Senate passes bill than bans import of products from Xinjiang region
In a significant development, the U.S. Senate has passed a bill that bans the import of products from China’s Xinjiang region. The Uyghur Forced Labor Prevention Act creates a “rebuttable presumption” on the assumption that goods manufactured in Xinjiang are… Read More ›
Goods worth $7.6 billion could be affected by EU’s carbon border tax: Russian economy ministry
In a statement Russia’s economy ministry said, according to its estimate Russian goods, including cement, iron ore, steel, aluminum, pipes, and electricity, worth $7.6 billion could be subject to a European Union carbon border tax once it is adopted. Earlier… Read More ›