Author Archives
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Mining major Rio Tinto joins exodus of foreign companies leaving Russia
In a significant development, Rio Tinto has become the first major mining company to cut ties with Russia related businesses joining an exodus of global companies over its invasion of Ukraine. Sony and Nintendo have also suspended deliveries of their… Read More ›
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Malaysia fully open international borders to travelers from April 1
In a statement Malaysian Prime Minister Ismail Sabri Yaakob said, Kuala Lumpur will reopen its borders from April 1 and allow entry of visitors without quarantine requirements for those who are fully vaccinated against COVID-19. Since March 2020, Malaysia has… Read More ›
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Midst Russian invasion of Ukraine, China eyes Indo Pacific: Australia’s intelligence chief
On Wednesday, Australia’s intelligence chief said, a “troubling new strategic convergence” is taking place between China and Russia. The risk of a “major power conflict” has grown following Russia’s invasion of Ukraine. China’s President Xi Jinping appears to want to… Read More ›
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Russia proposes nationalizing all foreign owned factories that have stopped operations
A senior member of Russia’ ruling party has called for nationalising all foreign-owned factories that have closed operations in the country over what Russian President Vladimir Putin termed as a special military operation in Ukraine to cleanse it of Neo… Read More ›
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Biden bans oil and other energy imports from Russia
In a statement U.S. President Joe Biden said, the United States would ban the import of Russian crude oil as well as other energy imports in retaliation to its invasion of Ukraine. “We’re banning all imports of Russian oil and… Read More ›
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Nickel trading stopped in London Metal Exchange after prices touch $100,000+
The London Metal Exchange (LME) has halted trade in nickel after prices touched more than $100,000 per tonne in a surge sources blamed on short covering by one of the world’s top producers. The shock comes at a time when… Read More ›
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Google in talks to acquire cybersecurity firm Mandiant
According to a source with knowledge of the discussion, Alphabet Inc’s Google is in talks to acquire cybersecurity firm Mandiant for an undisclosed amount. With the news reaching the market, Mandiant’s shares rose by 16%. Mandiant has a market capitalization of around $4.53… Read More ›
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Britain’s nuclear regulator so start approval process for Rolls-Royce’s small nuclear reactor
In a statement the British government said, it has asked its nuclear regulator to start the process for approving Rolls-Royce’s small- scale modular nuclear reactor, which policymakers hope will slash Britain’s dependence on fossil fuels and lower its carbon emissions…. Read More ›
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Bulgaria may seek exception from sanctions for importing Russian crude and LNG
On Monday, in a statement Bulgaria’s Prime Minister Kiril Petkov said, while it supports economic sanctions on Russia it will seek an exception on banning Russian natural gas and oil imports. Bulgaria, a member of the European Union as well… Read More ›
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Bank of Portugal instructs lenders to freeze accounts of sanctioned entities and people
On Monday, the central bank of Portugal said, it has instructed lenders to freeze the accounts of entities and people who have been targeted by sanctions. Western countries have moved to isolate Russia and have targeted it’s economy and financial… Read More ›
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