Canada has joined the United States, Britain and Australia, in a diplomatic boycott of the Winter Olympics in Beijing. Washington was the first to announce the boycott of the Winter Olympics in Beijing citing China’s gross human rights “atrocities” in… Read More ›
Month: December 2021
Goldman Sachs faces class action lawsuit related to sub prime crisis
In a significant development U.S. District Judge Paul Crotty in Manhattan ruled that Goldman Sachs Group Inc will have to again face a class action by shareholders who said they lost $13 billion since the bank hid conflicts of interest when… Read More ›
The US Issues Warning Of Flight Diversion And Delays Due To Roll Out Of 5G Technology
The Federal Aviation Administration (FAA) of the United States issued a warning on Tuesday that interference originating from the planned use of 5G wireless spectrum presented a risk to aviation safety and might result in flight delays. Concerns have been… Read More ›
Vaccine Creator Warns Next Virus Induced Pandemic Could Be Worse Than Covid-19
The experience gained and the lessons learnt from the Covid-19 pandemic should not be forgotten as any future pandemic would potentially be more dangerous than the one caused by the coronavirus, warned one of the scientists who was closely in… Read More ›
European Commission takes closer look at Microsoft’s $16 billion acquisition bid for Nuance Communications Inc
The European Commission is taking a closer look into Microsoft Corp’s $16 billion acquisition of transcription technology company Nuance Communications Inc and has asked customers and competitors to draw up a list of concerns. The outreach is the most extensive scrutiny by… Read More ›
Ford Motor to invest $900M in Thailand
In a statement Ford Motor Co said it would invest $900 million to modernize its factories in Thailand which produces its Ranger pickup and Everest SUV; the investment is the company’s single largest in the country. The investment would be through… Read More ›
US weapons sales to Saudi Arabia passed by Senate
The U.S. Senate has rejected a resolution that aimed to prohibit the sale of advanced medium range air-to-air missiles, missile launchers and other weapons to Saudi Arabia. The vote, 67 to 30, against the resolution, was introduced by Republicans Rand… Read More ›
Australia joins diplomatic boycott of Winter Olympic games in Beijing
On Wednesday, in a statement Australian Prime Minister Scott Morrison said, Australia will join the United States in a diplomatic boycott of the Winter Olympic Games in Beijing. Australia’s move comes as other allies weigh similar moves to draw attention… Read More ›
India Russia sign 28 investment pacts
In a statement Indian Foreign Secretary Harsh Vardhan Shringla said, New Delhi and Moscow have signed 28 investment pacts including deals on shipbuilding, steel, energy and coal. Putin’s visit to India comes at a time when Russia has just commenced… Read More ›
US Private sector should have full clarity on what’s happening in Xinjiang before operating there: State Department
In a statement the U.S. State Department said, the private sector should have full clarity on what is transpiring in Xinjiang, China. The statement comes at a time when the Biden Administration has decided it will not send government officials… Read More ›