Following the seizure of political power in Afghanistan by the Taliban, funding for projects in the country has been frozen by the World Bank. According to a statement published by the global agency about the halting of the funding, the… Read More ›
Day: August 26, 2021
July Car Production In UK Hit Lowest Level Since 1956
Car manufacturing in the United Kingdom declined in July to its lowest for the month for the entire industry since 1956, showed data available from a trade group. There was a 37.6 per cent year on year drop in cars… Read More ›
‘Normal Communication’ Being Maintained With US On Trade, Claims China
“Normal communication” with the United States is being maintained by China on the issue of trade, the Chinese government said on Thursday. This is one of the very few areas where the two largest economies of the world have not… Read More ›
Citi Could Soon Offer Bitcoin Futures Trading For Some Of Its Institutional Customers
An increase in demand for services in the cryptocurrency space has now prompted Citigroup Inc to closely consider offering some of its institutional customers the services of bitcoin futures trading, a spokesperson for the bank said earlier this week. After… Read More ›
Brazilian unicorn fintech Nubank seeking valuation above $55 billion for upcoming US IPO
According to two sources familiar with the matter at hand, Brazil’s Nubank is seeking a valuation above %55.4 billion in its planned U.S. initial public offering. In Nubank’s recent funding round, led by Berkshire Hathaway Inc, Nubank was valued at… Read More ›
Onsemi to acquire GT Advanced Technologies in EV push
In a statement Onsemi said, it would acquire GT Advanced Technologies in a $415 million cash deal. GT Advanced Technologies manufactures silicon carbide – a key material used in chips for electric vehicles. The move is a major push into… Read More ›
UK car production volumes fell to lowest level since 1950s: SMMT
On Thursday, a trade industry body in Britain said, in July 2021 car production in the country has fallen to its lowest level since 1956; the global shortage of semiconductors as well as a shortage of staff because of the… Read More ›
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