The UK government has drawn up plans for minting its own non-fungible token as a patrt of its strategy towards transforming the country into a “world leader” in the cryptocurrency area. Finance Minister Rishi Sunak has written to the Royal… Read More ›
Many global corporations have a presence in Shanghai, from Tesla’s gigafactory to a massive Disney resort. However, the normally bustling financial centre has been halted in recent days due to an increase in coronavirus diagnoses. Officials enforced a lockdown on… Read More ›
On Monday, in a statement Novartis said, it was integrating its pharmaceuticals and oncology units into an innovative medicines (IM) business to simplify its organisational structure, which could result in targeted savings of at least $1 billion by 2024. “Integrating pharmaceuticals… Read More ›
Talks of European banning Russian gas placed a lid on the rise of the Euro even as the US dollar firmed up with expectations of a rise in U.S. interest rates. The euro has been weighed down by worries of… Read More ›
Telecom Italia (TIM) has signed a non-disclosure agreement (NDA) with Italian state lender CDP and has started formal talks of a potential merger between the phone group’s network with that of smaller broadband rival Open Fiber. The development comes at a… Read More ›
Soaring imports from China by the European Union is increasing trade deficit by more than a third compared to last year, said the EU statistics office. Imports from China to the EU have jumped by more than a fifth in… Read More ›
Russian naval forces are continuing to blockade the Ukrainian coast on the Black Sea and Sea of Azov, preventing resupply by sea, said the British military intelligence in a tweet. In its regular bulletin, it also mentioned that while Moscow… Read More ›
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