With rising tensions related to the Ukraine crisis, the European Central Bank is preparing banks for a possible Russian-sponsored cyber attack, according to two people familiar with the situation, as the continent prepared for the financial consequences of any conflict…. Read More ›
Month: February 2022
Toyota Motor Corp cuts annual production target citing chip shortage and COVID-19 overheads
On Wednesday, Toyota Motor Corp cut back its annual production target by half a million vehicles following COVID-19 sick leaves and chip shortages crimping the company’s output. Toyota, the world’s biggest carmaker, will build 8.5 million vehicles this year ending March… Read More ›
European Central Bank preparing banks for potential cyber attacks
According to two sources with knowledge of the matter at hand, the European Central Bank has begun preparing banks for a possible cyber-attack from Russian actors. The standoff between Russia and Ukraine has hit a nerve in Europe’s political and… Read More ›
Protection of environment becomes part of Italian constitution
In a significant development, the Italian parliament has approved a law making protection of the environment part of its Constitution. Politicians and activists have hailed the bill as a significant victory for the country’s future. The new law states the… Read More ›
No need to fan flames of Russian invasion of Ukraine, Macron calls for calm for all sides
In a statement French President Emmanuel Macron, the first leader of a major Western power to meet Russian President Vladimir Putin, said steps can be taken to de-escalate tensions surrounding Russia’s border with Ukraine, and called for calm from all… Read More ›
‘Strong Momentum’ In Domestic Markets Helps BNP Paribas Beat Quarterly Performance Expectations
BNP Paribas’ net profit for the fourth quarter of 2021 exceeded forecasts by analysts, thanks to strong activity in domestic markets, the lender said. For the quarter, the bank’s net income attributable to shareholders was 2.31 billion euros ($2.63 billion)…. Read More ›
US And Japan Strike Agreement To Eliminate Steel Tariffs Imposed During Trump-Era
The United States and Japan have come to an agreement to reduce tariffs imposed by Trump on the import of about 1.25 million metric tonnes of Japanese steel imports each year. Under the terms of the agreement, Japan promises to… Read More ›
DOJ charges Chinese company Hytera of stealing intellectual property of Motorola Solutions Inc
In a significant development, the U.S. Justice Department has charged Chinese telecommunications company Hytera of stealing mobile radio technology of an American company. The DOJ has charged Hytera of conspiring to steal US intellectual property of Motorola Solutions Inc. In a partially… Read More ›
Britain, Taiwan, Australia and the US to join EU in opposing China’s coercive trade practices against Lithuania at WTO
In a significant development, Britain is set to join the European Union, the United States and Australia in a trade case against China at the World Trade Organization over Beijing’s alleged trade curbs on Lithuania, in a move aimed at… Read More ›
Pfizer’s surge in revenue triggers potential acquisitions
On Tuesday, investors hope to learn Pfizer Inc’s plans for what could be a once in a generation cash infusion from COVID-19 treatments and vaccines in 2022. Some drugmakers are looking to spend on potential acquisitions. According to Chief Executive Albert… Read More ›