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• $100 billion climate financing pledge by developed countries inches closer after Japan’s $10 billion commitment

  By admin1 on November 3, 2021 • ( 0 )

  

  In a statement US climate envoy John Kerry said, developed countries have pledged a total of $100 billion towards climate financing following new commitments made by Japan. In 2009 developed countries had pledged to provide $100 billion by 2020 to… Read More ›

• Congress should build regulatory regime for stablecoins: President’s Working Group on Financial Markets

  By admin1 on November 2, 2021 • ( 0 )

  

  In a significant development a U.S. Treasury Department-led regulatory body has called on the US Congress to regulate issuers of “stablecoins” saying like other financial institutions these fast-growing digital assets should be monitored before they pose any systemic risk in… Read More ›

• Ethiopia may lose duty free exports status to the US following widespread human rights abuses

  By admin1 on November 2, 2021 • ( 0 )

  

  With the United States weighing options which include suspending Ethiopia’s duty-free market status, citing abuses and a growing famine in the war-torn Tigray region, thousands of Ethiopians, whose income depend on the export of shawls stitched by them are at… Read More ›

• Taliban fighting losing battle to keep Afghanistan’s economy running

  By admin1 on October 29, 2021 • ( 0 )

  

  With Afghanistan facing a severe cash crunch, migration crisis and mass starvation, the Taliban government is pressing for the release of billions of dollars from its central bank reserves. Afghanistan has parked billions of dollars in assets overseas with central… Read More ›

• SK Hynix to acquire Key Foundry for $492.41M

  By admin1 on October 29, 2021 • ( 0 )

  

  In a statement on Friday, SK Hynix Inc, the world’s second-largest memory chip said, it will acquire South Korea-based Key Foundry for $492.41 million (576 billion won). Key Foundry’s 8-inch wafer foundry manufactures chips for power management, display driver and… Read More ›

• Ford to suspend production at Mexico plant due to material shortages

  By admin1 on October 29, 2021 • ( 0 )

  

  In a statement, Ford Motor Co said, it will suspend production at its Hermosillo plant in northern Mexico from November 1 to November 5 because of material shortages.

• Commonwealth Bank of Australia pleads guilty to 30 criminal charges

  By admin1 on October 29, 2021 • ( 0 )

  

  On Friday, in a statement the Australian Securities and Investments Commission (ASIC) said, the Commonwealth Bank of Australia, the country’s largest lender has pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015. The scrutiny… Read More ›

• Nvidia’s $54 billion acquisition bid for Britain’s ARM suffers setback, European Commission offers full scale investigation

  By admin1 on October 28, 2021 • ( 0 )

  

  With the European Commission opening a full-scale investigation into Nvidia’s $54 billion acquisition bid for British chip designer ARM on concerns that the deal could lead to higher prices, reduced choices and reduced innovation, the world’s biggest maker of graphics… Read More ›

• COVID-19’s Delta variant slammed breaks on US third quarter growth

  By admin1 on October 28, 2021 • ( 0 )

  

  During the third quarter, it is likely that the U.S. economy grew at its slowest pace in more than a year with the Delta variant of COVID-19 acting as a drag against the economy. The US Commerce Department’s advance gross… Read More ›

• Increase in carbon pricing on greenhouse gas emissions will result in real change: GFMA

  By admin1 on October 28, 2021 • ( 0 )

  

  On Thursday, in a statement the Global Financial Markets Association (GFMA) said, countries should increase the use of carbon markets to meet goals set by the Paris climate agreement aimed at limiting a rise in the earth’s temperature to 1.5… Read More ›