Author Archives
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Britain, Taiwan, Australia and the US to join EU in opposing China’s coercive trade practices against Lithuania at WTO
In a significant development, Britain is set to join the European Union, the United States and Australia in a trade case against China at the World Trade Organization over Beijing’s alleged trade curbs on Lithuania, in a move aimed at… Read More ›
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Pfizer’s surge in revenue triggers potential acquisitions
On Tuesday, investors hope to learn Pfizer Inc’s plans for what could be a once in a generation cash infusion from COVID-19 treatments and vaccines in 2022. Some drugmakers are looking to spend on potential acquisitions. According to Chief Executive Albert… Read More ›
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Frontier Group Holdings and Spirit Airlines Inc announce $2.9 billion merger
In a statement budget carriers Frontier Group Holdings and Spirit Airlines Inc announced their merger in a bid to create the fifth-largest U.S. airline in a deal worth $2.9 billion. With the news of the proposal to create a new carrier… Read More ›
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US approves $100M sale of military equipment and services for Taiwan
In a statement the Pentagon said, it has approved a potential sale of military equipment and services worth $100 million to Taiwan to “sustain, maintain, and improve” its defense systems. In a statement, the U.S. Defense Security Cooperation Agency said,… Read More ›
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2022 is likely to be another record sales year: Porsche AG
In an interview with Germany industry magazine Automobilwoche the sales chief of luxury carmaker Porsche AG said, he expects another record year in terms of sales despite the global shortage of semiconductors. “When I look at the current orders, I’m confident… Read More ›
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Global semiconductor shortage to ease slightly after Q3 : VW board member
In an interview to German industry magazine Automobilwoche, a board member from Volkswagen opined, the global shortage of semiconductors is likely to continue this year and ease slightly during the second half. “The volatile situation will affect us at least… Read More ›
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UK, South Korea seek to sign trade deal boosting supply chain resilience
On Monday, South Korea and Britain are scheduled to sign an agreement to reinforce supply chains for key products which have been hammered by the Coronavirus pandemic. British trade minister Anne Marie Trevelyan is scheduled to host her counterpart Yeo… Read More ›
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Toshiba aims to split into 2 companies
On Monday, Toshiba Corp said it aims to split into two companies, instead of three as previously planned. The company aims to split its device business and not its infrastructure business. The Japanese conglomerate now plans to increase shareholder returns to… Read More ›
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Australia to allow double vaccinated travelers from Feb 21
On Monday, Australian Prime Minister Scott Morrison said, from February 21, 2022, Australia will reopen its borders to all vaccinated visa holders. For nearly two years Australia had shut its borders to non-citizens to mitigate threats from the Coronavirus which… Read More ›
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Toshiba to invest $1.09 billion towards production of power management chips
On Friday in a statement Toshiba Corp said, it plans on investing $1.09 billion (125 billion yen) in order to more than double the production of power management semiconductors, in order to catch up with peers such as Infineon Technologies AG…. Read More ›
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