According to Goldman Sachs analysts, a coordinated release of government oil reserves by a number of oil importing countries headed by the United States may add approximately 70 million to 80 million barrels of crude supply to the market, which… Read More ›
Day: November 24, 2021
Plans Of Building A $17 Billion Chip Plant By Samsung In Texas Now Afoot
In an effort to enhance its production capacity and alleviate the worldwide chip shortage, Samsung plans to build a $17 billion semiconductor facility in Taylor, Texas, over the next three years. The 5 million square metre project was disclosed by… Read More ›
Israeli Spyware Company NSO Group Sued In US By Apple
Apple has filed a lawsuit against Israeli spyware business NSO Group and its parent company for allegedly using a hacking tool to target iPhone users. The Pegasus software from NSO can infect both iPhones and Android devices, giving operators access… Read More ›
$500 Mln Raised In Funding Round By Alternative Meat Maker Impossible Foods
The alternative meat maker Impossible Foods has secured more than $500 million in a fundraising round recently that was led by its current stakeholder Mirae Asset Global Investments. This successful funding round clearly indicates the rise in investor interest in… Read More ›
India-US agree to expand trade ties on agricultural products
In a significant development, India and the United States agreed to expand trade on some agricultural products, including US distiller dried grains, cherries, alfalfa as well as Indian mangoes, grapes, shrimp and water buffalo meat. In a joint statement following… Read More ›
Meltdown of Turkish Lira leaves country in catastrophe
The slump of the Turkish Lira by 15% on Tuesday against the US dollar left Turks struggling to keep up with the depreciation of the currency leaving the country in a state of darkest “catastrophe”. The Lira’s meltdown on Tuesday,… Read More ›
European Parliament approves biggest reform on farm subsidies
In a significant development, the European Parliament has approved its biggest reform on farm subsidies in decades in a vote that switches cash to smaller farmers and rewards sustainable farming methods. Earlier its Common Agricultural Policy (CAP), had draw criticism… Read More ›
Fully vaccinated international travelers can visit New Zealand from April 30
On Wednesday, in a statement New Zealand said, it will continue to keep its borders closed to most international travellers for five more months. New Zealand’s geographic isolation, along with some of the strictest pandemic rules among OECD nations, has… Read More ›
Biden Administration invites Taiwan to Summit of Democracy
In a significant development, the Biden Administration has invited Taiwan to its “Summit for Democracy” scheduled to take place next month. The summit, the first-of-its-kind gathering of democracies, marks a test of US President Joe Biden’s assertion that he would… Read More ›