Author Archives
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Tariffs Up To 218% On Australian Wine For 5 Years Imposed By China
The trade dispute between China and Australia is set to escalate as Beijing is imposing massive import duties on wines imported to the country from Australia for the next five years. This move threatens to cut off their top export… Read More ›
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Suez Canal Authority Says Partial Floating Of Cargo Ship Blocking The Suez
There was a glimmer of hope for the Suez Canal crisis after rescuers managed to partially refloat the stranded giant container ship that is blocking the canal on Monday after it had got stuck in the canal last Tuesday blocking… Read More ›
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Facebook Investigation Reveals Uyghurs Living In US Were Targeted By Chinese Hackers
Finding from an investigation by security staff at Facebook has revealed that Uyghur activists and journalists living in the United States were targeted by Chinese hackers with the aim of spying on them. “They targeted activists, journalists and dissidents… Read More ›
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EU Backs Stricter Export Control Of Covid-19 Vaccines But Dies Not Impose A Ban
Leaders of the European Union backed in principle of imposing tougher controls on exports of Covid-19 vaccines, stopping short of imposing a complete ban on export of the vaccines. This move came after a drawn-out row with the Anglo-Swedish manufacturer… Read More ›
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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 ›