In a statement the U.N. nuclear watchdog said, it has reached agreement with Iran on replacing surveillance cameras at a centrifuge-parts workshop that had been removed after an attack. The development removes one potential obstacle to wider nuclear talks. These… Read More ›
Month: December 2021
German Chancellor Olaf Scholz vows inclusive digital transformation of economy
German Chancellor Olaf Scholz said, his government would make Germany, Europe’s biggest economy, fit for the future and vowed it would leave no one behind in this major transformation of the economy. Vowing increased investments in climate protection and digitalization… Read More ›
Omicron likely to become dominant variant in Europe by early 2022: ECDC
In a statement, the European Centre for Disease Prevention and Control (ECDC) said, there is a “very high” that the Omicron variant of COVID-19 will become dominant in Europe by early 2022 and lead to a growing number of hospital… Read More ›
MMG halts copper production at Peruvian mine, local community blockades road
On Thursday, in a statement Australian copper miner MMG said, after December 18, it would shut production at its Las Bambas copper mine in Peru. The development comes after it failed to reach an agreement with a Peruvian community which… Read More ›
Covid-19 vaccines likely to be less effective against Omicron variant: WHO
In a statement on Wednesday, the World Health Organization said, preliminary evidence indicates that COVID-19 vaccines may be less effective against transmission and infection from the Omicron variant of the coronavirus; it also carries a higher risk of reinfection. As… Read More ›
LG Energy Solution’s IPO to be third biggest in South Korea
According to two sources familiar with the matter at hand, LG Energy Solution (LGES) is likely to place its IPO at the top of its indicative range at around $11 billion. Institutional investors are betting heavily on booming demand for… Read More ›
Eight Chinese companies, including DJI, to be placed on Entity List
As per a report from the Financial Times, the U.S. Treasury is slated to place 8 Chinese companies including DJI, on the Entity List, for alleged involvement in surveillance of the Uyghur Muslim minority. With the move the Biden Administration… Read More ›
China’s property market will continue to decline in 2022: S&P
Already under pressure, China’s property market is faced increased headwinds in November following cash crunch among developers and faltering demand. Prices for new homes fell by 0.3% month-on-month in November marking the biggest decline since February 2015. In October, home… Read More ›
Uber looking to sell stake in Didi given lack of transparency in Chinese market
In a statement the CEO of Uber Technologies Inc said, the company is looking to sell stakes its non-strategic stake in companies including in Beijing-based Didi Global Inc saying the lack of transparency makes the Chinese market tough. In 2016, the US… Read More ›
Close to reaching the end of the road: European powers on 2015 Iran nuclear deal
In a significant development, three European powers said “we are rapidly reaching the end of the road” to save the 2015 Iran nuclear deal. Their comments suggests that unofficial U.S.-Iran talks on preserving the pact is probably close to collapse…. Read More ›