Author Archives
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Nestle increase recyclable packaging component in its packing to 87%
In a briefing to the media, Swiss giant Nestle said, it has made considerable progress to increase the share of recyclable packaging for its products to 87%, making its 100% goal by 2025 within reach. The development marks examples of… Read More ›
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Israel-UAE trade could reach $4 billion in 1 year: Israel’s Intelligence Minister Eli Cohen
On Monday, in a statement Israel’s Intelligence Minister Eli Cohen stated, the annual trade between Israel and the United Arab Emirates is likely to touch $4 billion. The development comes in the wake of an announcement by both countries that… Read More ›
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European Stock exchanges jump eyeing COVID-19 vaccine developments
Following a rout in technology stocks on Wall Street that subdued global investor sentiments, on Monday, European shares rebounded with investors keeping a close eye on COVID-19 vaccine developments. Australia is likely to receive its first batches of a potential… Read More ›
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Britain’s overriding Brexit strategy will be self goal: EU diplomats
On Monday, following Britain’s statement that it plans on overriding parts of the Brexit divorce agreement which it hammered out with the European Union after months of negotiations, a diplomat from the bloc said, it would amount to “a desperate… Read More ›
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China’s exports rises for 3rd consecutive months, exceeds market expectations
On Monday, in August with more countries relaxing coronavirus lockdowns, exports from China have risen for the third consecutive month by 9.5% from a year earlier, according to customs data, marking the strongest gain since March 2019. China’s imports have… Read More ›
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No change in personal tax slabs in UK, other than for the wealthy
According to a report from the Sunday Times, British Prime Minister Boris Johnson and Finance Minister Rishi Sunak are likely to trim personal taxes rates before the next election. Sunak has the challenging task of telling voters and lawmakers on… Read More ›
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Lebanon’s Army Engineers find 4.35T of ammonium nitrate near the entrance to Beirut port
In a significant development, Lebanon’s army said it has found 4.35 tonnes of ammonium nitrate near the entrance to Beirut port. The development comes in the wake of a catastrophic explosion on August 4, which flattened the neighborhood, gutting buildings,… Read More ›
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Indian air carriers to resume ground handling operations in the U.S.: Transportation Department
In a statement, the U.S. Transportation Department said, it plans to restore the ability of Indian air carriers to conduct ground handling operations at U.S. airports. The quid-pro-quo moves comes in the wake of India allowing U.S. air carriers to… Read More ›
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Daniel Kamensky, Marble Ridge Capital LP’s founder, charged with fraud over Neiman Marcus’ bankruptcy
In a statement, the U.S. Department of Justice said, it has charged Daniel Kamensky, New York-based hedge fund Marble Ridge Capital LP’s founder, with pressuring a rival not to bid for assets related to Neiman Marcus’ bankruptcy so that he… Read More ›
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Former Goldman Sachs’ managing director Adam Korn joins Sixth Street as CIO
Adam Korn, a former managing director at Goldman Sachs who played a key role in the bank’s embrace of technology, has joined Sixth Street Partners, an investment firm, as its new chief information officer. Earlier this year, Korn left his… Read More ›
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