Author Archives
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Hyundai Motor Group to invest additional $5 billion in US
In a statement Hyundai Motor Group said, by 2025 it would invest an additional $5 billion in the United States to strengthen its collaboration with U.S. firms in advanced technology. The investments were announced during US President Joe Biden’s visit… Read More ›
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Broadcom Inc in talks to acquire VMware Inc
According to sources familiar with the matter at hand, Broadcom Inc is in talks to acquire cloud service provider VMware Inc. “Negotiations between Broadcom and VMware are ongoing and a deal is not imminent,” said sources. The terms of the deal… Read More ›
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HSBC Holdings suspends head of responsible investing
In a significant development, HSBC Holdings has suspended its head of responsible investing pending an internal investigation. The development comes in the wake of central bank policymakers and other global authorities saying financial risks of climate change has been exaggerated. HSBC… Read More ›
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Germany wants to pursue energy projects with Senegal
In a significant development German Chancellor Olaf Scholz said, Berlin wants to pursue gas and renewable energy projects with Senegal. The development comes in the backdrop of the war in Ukraine which is having a major impact on energy and… Read More ›
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Global private equity firm General Atlantic to invest $2 billion in India, Southeast Asia
According to a senior executive from General Atlantic, a global private equity firm, the company plans on investing $2 billion in India and Southeast Asia over the next two years. The development comes in the wake of falling valuations, which… Read More ›
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Google Private Browsing mode, not private: lawsuits
An amended lawsuit against Alphabet Inc’s Google has alleged that Google’s search engine collects data on users who think they can be anonymous if they use a “private browsing” mode, said Texas Attorney General Ken Paxton. In January, the state… Read More ›
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Ukrainian ports blockade could be lifted once sanctions on Russia are reviewed: Andrei Rudenko
In a news bulletin Interfax news reported, Russia said sanctions by the West will have to be reviewed if it were to heed a U.N. appeal to open access to Ukraine’s Black Sea ports so that grain could be exported…. Read More ›
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EU will not renegotiate post-Brexit trade rules: EU ambassador to UK
In a statement the EU’s ambassador to the UK, João Vale de Almeida said, the European Union will not give a new mandate to renegotiate post-Brexit trade rules for Northern Ireland since they have been agreed as part of the… Read More ›
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China wants BRICS expansion
In a statement a senior Chinese diplomat said, Beijing wants to expand the group of emerging economies known as BRICS. The development will mark the first shake up of the bloc in over a decade. The bloc was formed in… Read More ›
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EU exploring legal ways to use frozen Russian oligarchs assets for reconstructing Ukraine
In a statement, Ursula von der Leyen, the President of the European Commission said, the European Union is looking for ways to use frozen assets of Russian oligarchs to fund the reconstruction of Ukraine after the war. On Wednesday, the… Read More ›
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