Author Archives
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Squares changes name to Block Inc
Payments company Square Inc, led by former Twitter CEO Jack Dorsey has changed its name to Block Inc, underscoring that it looks to expand beyond its payment business into new technologies including blockchain. While the name “Square” had become synonymous… Read More ›
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US EU to issue robust statement on China
The United States and the European Union are scheduled to issue a “robust” joint statement after emerging from a meeting on Thursday on their approach to China underscoring a convergence on the challenges posed by Beijing, said a senior U.S…. Read More ›
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WTA stands up to China, suspends tournament in Beijing over Peng Shuai concerns
In a significant development, the Women’s Tennis Association (WTA) announced the immediate suspension of all tournaments in China following concerns on the well-being of former doubles world number one Peng Shuai and the safety of other players. The decision by… Read More ›
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Exxon Mobil’s investors to quiz company on low carbon ventures today
On Wednesday, Exxon Mobil is set to brief Wall Street on its spending plans, after investors wanting to know how it will balance oil and low-carbon initiatives without compromising on their returns. Exxon Mobil, the largest U.S. oil producer, has slashed… Read More ›
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Factory activity in China contracted in November
Factory activity in China contracted in November following a fall in employment rates, reduced demands and rising prices weighing on manufacturers, showed a business survey the results of which were released on Wednesday. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI)… Read More ›
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Global airlines prepare to deal with Omicron fallout
Global airlines are bracing for a fresh round of volatility following the emergence of yet another COVID-19 variant Omicron which is likely to force them to adjust schedules and destinations at short notice and once again force them to rely… Read More ›
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ARK Investment Management purchases 1M twitter shares after Jack Dorsey’s departure
ARK Investment Management purchased more than 1 million shares of Twitter Inc a day after its former CEO Jack Dorsey stepped down from the company. According to the firm’s daily trade report, ARK acquired 1.1 million Twitter shares worth $48.9 million… Read More ›
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CDC to announce stricter air travel rules on Thursday
Late on Tuesday, in a statement the Center for Disease Control and Prevention (CDC) said, the United States will require all air travellers entering the country to show a negative COVID-19 test performed within one day of departure, in response… Read More ›
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Existing COVID-19 vaccines are unlikely to be effective against Omicron COVID-19 variant: Moderna’s CEO Stéphane Bancel
In a significant development, Moderna’s CEO Stéphane Bancel said, it is unlikely that existing COVID-19 vaccines will be effective against the Omicron COVID-19 variant. With Bancel’s comments reaching the market, crude oil futures shed more than a dollar, the Nikkei gave… Read More ›
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Samsung unveils advanced chips for auto market
On Tuesday, Samsung Electronics unveiled its latest line of chips aimed at the auto market. Samsung’s advanced chips will be mounted in Volkswagen’s infotainment system developed by LG Electronics. There is a rising demand for “high-tech” automotive chips that can handle more… Read More ›
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