Australia has imposed further sanctions on Russia and has banned exports of alumina, bauxite, and aluminium ores as part of a measure to increase sanctions on Moscow. “Russia relies on Australia for nearly 20 percent of its alumina needs,” said… Read More ›
Month: March 2022
Germany’s Economy Minister visits UAE to discuss Assad’s recent visit Abu Dhabi
On Monday, during a trip to the United Arab Emirates, Germany’s Economy Minister Robert Habeck said, he would discuss Syrian President Bashar al-Assad’s recent visit to the Gulf state. “The Syrian conflict is…complicated. Assad in my opinion is a criminal… Read More ›
Mercedes-Benz opens second R&D centre in Shanghai
On Friday, Germany’s Mercedes-Benz Group AG said, it has opened a research and development (R&D) centre in Shanghai which will focus on mobility technology. The opening of the new centre will be its second R&D facility in China. The centre will… Read More ›
Russia averts sovereign bond default
As per a source familiar with the situation at hand, Russia has made payments towards sovereign bonds which were due this week, which was received by JPMorgan which processed it and made an onwards credit to Citi. With this Moscow has… Read More ›
Amazon.com Inc closes $8.5 billion acquisition of MGM
In a statement Amazon.com Inc said, it had closed its $8.5 billion acquisition of MGM. It welcomes all MGM employees to the company and will work with the studio’s leadership, indicating that it would not lay off employees. On Tuesday,… Read More ›
No protection in investments in cryptoassets: EU’s securities, banking, insurance watchdogs
In a joint statement, securities, banking and insurance watchdogs of the European Union said, consumers risk losing all their money invested in cryptoassets. “Consumers face the very real possibility of losing all their invested money if they buy these assets,”… Read More ›
Canberra sanctions Russian oligarchs with links to mining industry
On Friday, Australia imposed sanctions on two Russian oligarchs with links to its mining industry, with one of them connected with an investment to Rio Tinto’s Gladstone alumina refinery joint venture. In a statement Australian Foreign Minister Marise Payne said,… Read More ›
Third Straight Rate Hike by Bank of England Citing Inflation Concerns Due To Ukraine War
The Bank of England has announced raising of interest rates on Thursday, which is the third time in a row, as the central bank pointed out towards the likelihood that the Russia-Ukraine war keeping rate of inflation high in the… Read More ›
The Western Brands Still Forced To Remaining In Russia
Many Western brands have shunned Russia as a result of the invasion of Ukraine, but some have remained open in the nation and claim they are unable to close them. Complex franchise agreements preclude Marks and Spencer, Burger King, and… Read More ›
Increase In Covid Cases Globally Is ‘Tip Of The Iceberg’, Warns WHO
The WHO has said that that figures showing a global increase in Cpvod-19 infections could signal a far bigger problem because some countries are reporting a decline in testing rates, urging countries to be cautious against the virus. Covid instances… Read More ›