Author Archives

• Britain-U.S. trade negotiations intensify ahead of critical U.S. Presidential elections

  By admin1 on October 21, 2020 • ( 0 )

  

  In a significant development, British trade minister Liz Truss said, Britain and the United States are intensifying trade negotiation. The announcement comes ahead of the start of the fifth round of negotiations focused on goods tariffs. Britain has placed a… Read More ›

• Washington starts anti-dumping probe on aluminium foil from Armenia, Oman, Brazil, Turkey and Russia

  By admin1 on October 21, 2020 • ( 0 )

  

  In a statement, the U.S. Department of Commerce stated, it will commence investigation into the import of  aluminum foil from countries incluing Armenia, Oman, Brazil, Turkey and Russia, for potential dumping or unfair subsidies. It went on to add, the… Read More ›

• U.S. automakers preparing for potential Biden win

  By admin1 on October 21, 2020 • ( 0 )

  

  Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House. Both, U.S. President Donald Trump and Biden need the votes of auto workers in Midwestern… Read More ›

• Hong Kong’s Cathay Pacific cuts 18% of workforce midst coronavirus pandemic

  By admin1 on October 20, 2020 • ( 0 )

  

  According to a report from the South China Morning Post on Tuesday, Hong Kong’s Cathay Pacific Airways Ltd stated it will cut 18% of its worforce, which amounts to 6,000 jobs, to help it weather the coronavirus-induced COVID-19 pandemic. Earlier this… Read More ›

• First ever visit by UAE delegation led by economy minister to normalise relations with Israell

  By admin1 on October 20, 2020 • ( 0 )

  

  On Tuesday, following a U.S. brokered agreement, the first ever official delegation from the United Arab Emirates left for Israel with the two countries looking to broaden ties and normalise relations. According to Israeli officials, the visit will be largely… Read More ›

• China’s Didi Chuxing considering Hong Kong IPO in 2021, targets valuation above $60 billion

  By admin1 on October 20, 2020 • ( 0 )

  

  Chinese ride-hailing giant Didi Chuxing is weighing an option for a multibillion-dollar initial public offering in Hong Kong in 2021, said sources with knowledge of the matter at hand. Earlier Didi Chuxing had aimed for a listing in New York…. Read More ›

• Swiss EV startup Piëch Automotive AG hires former CEO of VW & Porsche

  By admin1 on October 19, 2020 • ( 0 )

  

  On Monday, in a statement, Swiss electric car startup Piëch Automotive AG stated, it has appointed the former CEO of Porsche and Volkswagen, Matthias Mueller, as its new chairman. Incidentally, Piëch Automotive is founded by Anton Piëch, who is the… Read More ›

• U.S. Treasury Secretary Steven Mnuchin to lead U.S. delegation to Israel, UAE and Bahrain

  By admin1 on October 17, 2020 • ( 0 )

  

  In a statement the U.S. Treasury Department said, Treasury Secretary Steven Mnuchin will lead a U.S. delegation to Israel, Bahrain and the United Arab Emirates on October 17 to 20. The visit comes in the wake of the UAE and… Read More ›

• Citadel Securities sues SEC over IEX’s “D-Limit” order

  By admin1 on October 17, 2020 • ( 0 )

  

  In a significant development, Citadel Securities has sued the Securities and Exchange Commission (SEC) over its decision to approve a new mechanism for trading stocks at IEX Group Inc. “The SEC failed to properly consider the costs and burdens imposed… Read More ›

• Blackstone divests BioMed Realty for $14.6 billion

  By admin1 on October 16, 2020 • ( 0 )

  

  In a statement the Blackstone Group said, its unit Blackstone Real Estate Partners along with co-investors have agreed to divest BioMed Realty for $14.6 billion to a group led by existing BioMed investors. In 2015, Blackstone had acquired BioMed Realty,… Read More ›