In the latest response to Russia’s conflict in Ukraine, US President Joe Biden has placed a ban on Russian diamonds, seafood, and vodka imports. Russia’s position as an equal trading partner will be revoked by the United States, the European… Read More ›
Global financial conditions have reached their tightest since May 2009, according to a widely regarded Goldman Sachs index, which might indicate a global economic slowdown. The financial circumstances of an economy represent the availability of capital in that economy, and… Read More ›
In a statement Twitter Inc said, it will allow companies to showcase up to 50 products for sale on their profiles, as part of an experiment to gain a piece of the $45 billion U.S. market for social commerce. Facebook… Read More ›
In a significant development, Amazon is expected to win an unconditional approval from the European Commission for its $8.5 billion acquisition of U.S. movie studio MGM, said sources familiar with the matter. The move is likely to heat up competition… Read More ›
In a significant development, U.S. regulators have issued final rules which have eliminated the need for manual driving controls for fully autonomous vehicles; the development sees regulators finalizing new crash standards which have to be met by automated vehicle manufacturers…. Read More ›
As per a news report from Russian agencies, China has refused to supply aircraft spare parts to Russian airlines after Boeing and Airbus halted supply of components to Russia. The Russian aviation sector is being squeezed by Western sanctions following the invasion… Read More ›
At a time when China’s tougher monitoring of its companies has hampered capital raising through foreign IPOs, smaller Chinese companies in need of capital are racing for quick offshore listings through the merger route with blank-check enterprises, according to corporate executives and bankers. The businesses… Read More ›
According to analysts, the low-cost 5G model of its iPhones would help Apple Inc to boost its appeal in the Asian market, – a market where the iPhone maker is rivalling with a slew of rivals ranging from South Korea’s… Read More ›
With the backing of an international fund, Air France-KLM, and Delta Airlines have expressed interest to purchase a majority stake in Alitalia’s successor ITA Airways, reported La Repubblica citing a government source. According to the report, the expression of interest was… Read More ›
In a significant development, Rio Tinto has become the first major mining company to cut ties with Russia related businesses joining an exodus of global companies over its invasion of Ukraine. Sony and Nintendo have also suspended deliveries of their… Read More ›
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