Author Archives
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$9.6bn Of Goods A Day Is Being Held Up By The Suez Blockage
According to shipping data, an estimated an estimated $9.6bn of goods each day is being held up by the stranded Ever Given mega-container ship in the Suez Canal since Tuesday. That is equivalent to $400m an hour in trade along… Read More ›
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Surge In Gaming Sale Helps Revenue Growth For China’s Tencent
Higher demand and revenues from its gaming business helped the Chinese tech giant Tencent to report 26 per cent rise in its quarterly sales. While Tencent’s PUBG Mobile continued to do well all across the world, its Honor of Kings… Read More ›
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After A Two Months Of Being Criticised, Tesla’s Elon Musk Tries To Woo Back China
After going through a rough couple of months in China, Tesla chief Elon Musk is now trying hard to gain back the former adulation of Beijing. During an interview with state broadcaster China Central Television (CCTV) Musk showered extensive praises… Read More ›
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A $2.3 Trillion Hidden Debt Of China’s Local Governments Could Get Bigger This Year
A government linked think tank in China has said that last year, the total hidden debt of the country’s local governments was at 14.8 trillion yuan ($2.3 trillion) and that figure could rise even further in the current year. According… Read More ›
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Microsoft In Negotiation With Gaming Firm Discord For An Acquisition Of The Later For $10 Billion
A video-game chat community, Discord Inc, could be acquired by Microsoft Corp as the two companies are in talks to get a deal through which is expected to be worth more than $10 billion, said reports quoting sources with knowledge… Read More ›
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Amazon To Reduce Its Stake To 11.5% In Deliveroo In Its London IPO
According to the initial public offering (IPO) prospectus of the British food delivery firm Deliveroo, one of its biggest investors – Amazon.com, will reduce its stake in the company from 15.6 per cent to 11.5 per cent when the firm… Read More ›
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Pineapple Tussle Between China And Taiwan
Import of pineapples from Taiwan was nabbed last month by China over allegations that it presented the risk of “harmful creatures” that could be harmful for its own crops. However leaders in Taiwan were infuriated by the move as they… Read More ›
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‘Constant Attention’ Needs To Be Given To Global Chip Shortage, Says Nokia CEO
According to the Pekka Lundmark, President and CEO of Nokia, the current viability of the supply chain of semiconductor chips in the world is not as good as it used to be abd therefore there is need for a closer… Read More ›
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China’s Military Bans Tesla Cars From Military Complexes Over Security Concerns: Reports
Tesla cars have been banned from entering Chinese military complexes because of security concerns about the cameras that are installed in the electric cars, said reports quoting sources who have seen the notices of the directive. According to analysts, this… Read More ›
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AstraZeneca Vaccine Safe, Says EU Regulator But Will Add Clot Warning
The AstraZeneca’s Covid-19 vaccine does not increase the overall incidence of blood clots and the benefits of the vaccine far outweigh any possible risks, said the European Union’s drug regulatory agency on Thursday. That paved the path for resumption of… Read More ›
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