Author Archives
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Washington adds top Chinese chipmaker and national offshore oil and gas producer to trade blacklist
In a significant development of strategic trade and military dimensions, the Trump Administration is poised to add China’s top chipmaker SMIC and its national offshore oil and gas producer CNOOC to a trade blacklist. The potential trade action blocks the… Read More ›
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Britain positioned reasonably well in Brexit talks: Foreign Minister Dominic Raab
On Sunday, British foreign minister Dominic Raab stated Britain’s negotiations with the European Union over Brexit are positioned reasonably well, with some progress made on competition issues; however significant differences continue remain on fishing. “I do think we’re in a… Read More ›
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HSBC mulling exit from U.S. retail banking sector
According to a report from the Financial Times, HSBC Holdings Plc is weighing options which includes a complete exit from the U.S. retail banking market. The development comes in the wake of the bank struggling to improve its performance in… Read More ›
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China continues trade war against Australia, imposes punitive tariffs on Australian wine exports
Continuing its efforts in an attempt to bully Australia, on Friday, China’s Ministry of Commerce said, it will temporary impose anti-dumping measures on Australian wine from November 28, 2020. The move will further escalate trade and diplomatic tensions between Canberra… Read More ›
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Amsterdam’s Schiphol Airport gears up chilled warehouses for COVID19 vaccine storage, transportation
In a significant development, Amsterdam’s Schiphol Airport stated, its workers are gearing up for a surge in the storing of COVID-19 vaccine cargos, which will be flown around the world at ultra-low temperatures. To that end, it has prepared its… Read More ›
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Amazon to spend more than $500M as one-time bonus for frontline workers
In a statement Amazon.com Inc said, it has decided to spend more than $500 million as a one-time bonus for its front-line employees in the United States who are working through the holiday season midst the coronavirus-induced COVID-19 pandemic. Full-time… Read More ›
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Tesla raises prices across product range in Europe
According to Tesla Inc’s website, it has increased the prices of its Model S sedan across Europe with rates varying according to different countries. In Germany for example, the Model S currently stands at $97,699.28 (81,990 euros), against its earlier… Read More ›
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China’s Geely Automobile issues termination of dealership agreement with Sweden’s Bilia
In a statement, Swedish car dealership chain Bilia said, it has received a notice of termination for its dealer agreements with Volvo Cars in Norway and Sweden. The termination, which has a notice period of two years, covers both Bilia’s… Read More ›
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COVID-19 vaccination could start from year end: Macron
In a significant development, French President Emmanuel Macron stated, France could potentially commence administration a COVID-19 vaccine as early as the end of this year, as soon as it is approved by regulators. “We are going to organise a swift… Read More ›
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Swiss specialty chemicals giant Clariant AG cuts 1,000 jobs midst divestments
On Wednesday, Swiss speciality chemicals giant Clariant AG stated, it plans on cutting nearly 1,000 jobs as it tappers down midst a series of divestments. “The rightsizing program foresees a reduction of approximately 1,000 positions in service and regional structures…. Read More ›
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