On Tuesday, French Finance Minister Bruno Le Maire said, an embargo on Russian oil at a European Union level was in the pipeline. “I hope that in the weeks to come we will convince our European partners to stop importing… Read More ›
Month: April 2022
New Zealand imposes new sanctions on Russia
On Tuesday, New Zealand imposed new sanctions on Russia’s largest banks and financial institutions, following its invasion of Ukraine. “We are deeply concerned at the reports of brutality from Russian forces,” said Foreign Minister Nanaia Mahuta in a statement. “New… Read More ›
InfoWars files for Chapter 11 bankruptcy
Following filing of multiple defamation suits, InfoWars has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. Chapter 11 bankruptcy procedures put a hold on all civil litigation matters and allow… Read More ›
Verizon Communications raises minimum wages to $20 per hour
In a statement, Verizon Communications Inc said, it would raise the minimum wages for its existing and new customer service, retail and inside sales employees to $20 an hour following a tightening of the labor market and rising inflation. In recent… Read More ›
Had warned of British PMO’s office being infected by spyware: Citizen Lab
In a significant development, Citizen Lab, a digital rights watchdog group, warned British officials that electronic devices connected to government networks, including ones inside the Prime Minister’s office and at the Foreign Ministry, appear to be infected with Pegasus, a… Read More ›
Sri Lanka approaches IMF & World Bank for bridging loans
On Tuesday, in a statement Sri Lanka’s Finance Minister said, Sri Lanka has approached the International Monetary Fund (IMF) for rapid financial assistance. The island nation has been embroiled in a deep financial crisis midst allegation of gross mismanagement of… Read More ›
China’s First-Quarter GDP Above Expectations, But March’s Weakness Raises Concerns About Outlook
China’s economy slowed in March as consumption, real estate, and exports all took a hit, putting a damper on faster-than-expected first-quarter growth estimates and weakening an outlook already weakened by COVID-19 restrictions and the Ukraine conflict. The severe new coronavirus rules,… Read More ›
Global supply chains reeling from economic impact of China’s zero COVID-19 policy
In a statement He Xiaopeng, the CEO of Chinese electric-car maker Xpeng said, automakers in China may have to suspend production in May if suppliers from Shanghai and surrounding areas do not resume work. China’s zero tolerance policy towards COVID-19 have… Read More ›
Cooperating with SEC insider trading probe: Activision
A securities filing by Activision Blizzard shows that the company is cooperating with federal investigations into trading by friends of its CEO shortly before its disclosure of its sale to Microsoft Corp. In an amended proxy filing with the SEC, Activision… Read More ›
Tata Steel to consider 3 way stock split on May 3
In a statement Tata Steel said, its board, will be meeting on May 3 to consider a proposal to split the stock and recommend a dividend. Tata Steel did not specify the ratio of the stock split, but said, it… Read More ›
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