Author Archives
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UK plans on creating ‘freeports’, overhaul taxation, incentivize manufacturing & innovation post Brexit
In a report, the Sunday Telegraph said, Rishi Sunak, Britain’s finance minister is preparing to introduce sweeping tax cuts as well as overhaul planning laws in up to 10 new “freeports” within a span of 1 year following Britain’s leaving… Read More ›
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European Council President Charles Michel proposes 5 billion euros Brexit adjustment fund
On Friday, European Council President Charles Michel said, the Brexit negotiations were certainly not easy and that countries, regions and industries will face disruptions from 2021 regardless of whether there is a deal or not. He also laid out a… Read More ›
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U.S. approves $620M weapon systems upgrade for Taiwan
In a statement, the U.S. State Department said, a military package, related to the upgrading Patriot surface-to-air missiles, worth $620 million has been approved for Taiwan, in the latest move designed to bolster defenses against threats emanating from China. The… Read More ›
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Aviation industry suffered $4.89 billion loss during Q2: China’s Civil Aviation Administration of China
On Friday, data released by China’s Civil Aviation Administration of China (CAAC) shows, the country’s aviation industry suffered a $4.89 billion (34.25 billion yuan) loss during the second quarter, which incidentally is only slightly smaller than the one it suffered… Read More ›
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European Parliament appoints Francois-Louis Michaud as executive director of European Banking Authority
The European Parliament has approved the appointment of Francois-Louis Michaud as executive director of the bloc’s banking watchdog, overturning a recommendation to reject him. Last week, the parliament’s economic affairs committee had narrowly voted in favour of rejecting Michaud, with… Read More ›
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UK could opt for Australian approach, in case of cliff hanger Brexit
In a telephone call with Germany Chancellor Angela Merkel, British Prime Minister Boris Johnson said, Britain is prepared to leave the European Union on the same terms that Australia has with the bloc if it is unable to hammer out… Read More ›
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Close to settling most Lion Air 737 MAX claims: Boeing
In a court filing Boeing Co stated, it has reached settlement agreements with more than 90% of the wrongful death claims filed in federal court following the crash of a Lion Air 737 MAX aircraft in 2018 in Indonesia that… Read More ›
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Palantir Technologies Inc to go public, files confidential paper with SEC
On Monday, data analytics company Palantir Technologies Inc said, it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) to go public. The submission relates to Palantir’s proposed public listing of its Class A common stock, it… Read More ›
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Nissan secures $7.8 billion, aims for positive free cash flow in Q2
Going by Nissan Motor Co’s latest annual securities report, since April it has managed to raise $7.8 billion in financing from its creditors as it tries to shore up its cash reserves in the face of falling sales induced by… Read More ›
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Paycheck Protection Program meant to support small businesses also supported large investment banks
According to official data released on Monday, the tens of millions of dollars U.S. lawmakers earmarked to assist small businesses during the Wuhan coronavirus-induced economic downturn, also went to investment banks who advise on corporate dealmaking. Some part of the… Read More ›
