Indonesia, the world’s largest supplier of palm oil, has banned shipments of the edible oil since April 28 in an attempt to flood the domestic market with supply in order to control rising cooking oil prices. Despite these strict rules,… Read More ›
Day: May 18, 2022
SpaceX poised to become most valuable US startup
According to sources familiar with the matter at hand, Elon Musk’s SpaceX is poised to become the most valuable U.S. startup with its valuation rising to over $125 billion in an ongoing share sale in the secondary market. The shares,… Read More ›
Hedge funds to invested in Twitter before Musk’s planned acquisition to reap big rewards
Prominent hedge funds, including Bridgewater Associates and Point72 Asset Management had invested in Twitter in the first quarter, before Elon Musk unveiled his plans to acquire the company. They are now on course to reap big gains. Headed by Steven A…. Read More ›
Spain aims to be LNG hub in Europe
According to sources from the Spanish government, Madrid is slated to sign a $300 billion deal with Qatar’s sovereign wealth fund, wherein the latter will invest in Spanish projects that are funded by European Union COVID recovery funds. The deal… Read More ›
Biden administration restricting military sales to Taiwan: US business groups
In a significant development U.S. business groups have been critical of the Biden Administration’s Taiwan arms sales policy. In a public letter they said, the policies are too restrictive and failed to address challenges posed by China’s military towards Taiwan…. Read More ›
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