The current disruption to the global supply chains is expected to last for at least another year, warned Ikea, the Swedish furniture behemoth. While there has been some improvement, according to CEO Jesper Brodin, there is still congestion at ports,… Read More ›
Day: October 15, 2021
Despite Curbing November Production, Japan’s Toyota Holds On To Its Full-Year Target
The ongoing global chip shortage has forced Japan’s Toyota Motor Corp to reduce its planned global production output for November by as much as 15 per cent on Friday. The company however hinted that it would increase production in December… Read More ›
Economic Rebound And Deals Help Estimating Beating Profits By US Banks
Another strong quarter of earnings were reported throughout the week by the four largest consumer banks in the United States, buoyed by the improving situation in the economy which gave them the opportunity to release more cash which they had… Read More ›
Poland to provide $380M in subsidies midst hike in energy prices
On Friday, in a statement Polish Climate Minister said, Poland will provide an additional $380 million (1.5 billion zlotys) subsidies to consumers following a hike in energy prices. Benchmark European gas prices have risen sharply following tightening of gas supplies… Read More ›
Former Boeing employee indicted for fraud for deceiving FAA regulators over 737 MAX’s safety regulations
In a significant development, a former chief technical pilot at Boeing Co has been charged with fraud for deceiving federal regulators evaluating the Boeing 737 MAX airplane; in a statement the Justice Department said, the former Boeing employee has also been… Read More ›
Support for Taiwan rock solid: White House
With China raising the stakes in a potential invasion of Taiwan, White House press secretary Jen Psaki said, Washington’s commitment towards Taiwan is “rock solid”. “We will continue to support Taiwan’s self defense,” said Psaki.
Britain eases COVID-19 testing rules from low risk countries
In a statement the British government said, starting from October 24, fully vaccinated passengers arriving in the country from low-risk countries will no longer have to take COVID-19 tests. In September, the government had simplified rules for international travel to… Read More ›
France donates 501,600 doses of AstraZeneca’s COVID-19 vaccine to Nigeria
According to a senior Nigerian health official, Nigeria has received 501,600 doses of AstraZeneca’s COVID-19 vaccine from France vide a COVAX vaccine-sharing facility. In a statement, Faisal Shuaib, the head of the National Primary Health Care Development Agency said, Nigeria along… Read More ›
US Saudi to intensify efforts against Iranian violations of international treaties on nuclear agreement
In a statement on Friday, Saudi Arabia’s foreign ministry said, Foreign Minister Prince Faisal bin Farhan Al Saud met U.S. Secretary of State Antony Blinken in Washington and exchanged views on Iran’s nuclear program. “Had a productive meeting today with… Read More ›
Chinese President Xi Jinping unlikely to attend COP26: The Times
As per a report from The Times, Chinese President Xi Jinping is unlikely to attend the crucial climate conference in Scotland. Britain, which is hosting the 26th United Nations Climate Change Conference of the Parties, also known as COP26, in… Read More ›