Author Archives
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US to announce new economic sanctions on Russia after it recognizes two breakaway regions of Ukraine
Following Russia’s move to recognize two breakaway regions in Ukraine, the United States has begun coordination with allies and is slated to announce new sanctions on Russia. “… the United States will impose sanctions on Russia for this clear violation… Read More ›
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Significant progress made at reviving 2015 nuclear deal: Iran’s top security official Ali Shamkhani
On Monday, in a significant development, Iran’s foreign ministry spokesman Saeed Khatibzadeh said, talks in Vienna aimed at reviving the 2015 nuclear deal between Iran and the US have made “significant progress”. In a separate statement, Iran’s top security official… Read More ›
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Boris Johnson to unveil UK’s Living with Covid-19 strategy today
On Monday, British Prime Minister Boris Johnson is set to unveil plans to scrap coronavirus restrictions as part of a “living with COVID” strategy that aims to achieve a faster exit from the pandemic compared to other major economies. Johnson… Read More ›
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Resolving Northern Ireland’s trade rights will help Britain and EU focus on external issues: Liz Truss
On Monday, British Foreign Secretary Liz Truss is scheduled to tell the European Union that the sooner the dispute over Northern Ireland’s trade rights are resolved the faster it will enable London and Brussels to focus on external issues including… Read More ›
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Ford Motor considering spinning off either internal combustion engine business or EV operations: sources
According to a report from Bloomberg News citing sources familiar with the matter at hand, Ford Motor Co is considering ways to separate its electric-vehicle operation from its legacy business. Ford’s CEO Jim Farley is weighing options to either spin off… Read More ›
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China not complying with intellectual property rights, EU launches WTO complaint
In a significant development the European Union has filed a complaint with the World Trade Organization against China saying that Chinese courts were preventing European companies from protecting their telecom technology patents. The European Commission filed the challenge on behalf… Read More ›
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Stockholm based Volta Trucks raises $260M in series C funding round
In a statement Volta Trucks said, it had raised $260 million (230 million euros) through a Series C funding round, to help it launch the series production of its Volta Zero electric truck late this year. Stockholm-based Volta Trucks, which… Read More ›
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US adds Alibaba and Tencent Holdings to notorious markets list
In a statement the U.S. Trade Representative’s office said, it has added Chinese e-commerce sites operated by Tencent Holdings Ltd and Alibaba Group Holding Ltd to the U.S. government’s latest “notorious markets” list. The “notorious markets” list identifies 42 online markets and… Read More ›
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Russia could lose access to international financial market, denied advance EU goods, if it invades Ukraine: European Commission President Ursula von der Leyen
In a statement European Commission President Ursula von der Leyen said, the EU could lay sanctions on Moscow if it were to invade Ukraine. The EU would cut off Russia from the international financial markets and deny access to major… Read More ›
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US plans to target Russian financial institutions, cripple their ability to process international transactions
According to three sources familiar with the matter at hand, the Biden’s Administration has prepared a package of sanctions against Russia that includes blocking U.S. financial institutions from processing transactions for major Russian banks in an effort aimed at crippling… Read More ›
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