Author Archives
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United Airlines reroutes flights over Afghanistan following Taliban taking over Kabul
Late on Sunday, United Airlines said it is rerouting some flights to avoid Afghanistan airspace following the Taliban taking control of the presidential palace in Kabul. The Pakistan-backed terrorist group has rapidly gained control over territory in Afghanistan after U.S…. Read More ›
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Sydney Airport Holdings’s board rejects $16.81 buyout offer citing undervaluation, open to higher offer
On Monday, Sydney Airport Holdings Pty Ltd said it has rejected an improved bid worth $16.81 billion (A$22.80 billion) from a group of infrastructure investors since it felt it was undervalued; it went on to add, it was open to… Read More ›
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Only fully vaccinated to return to US offices from Sept 7: IBM
In a statement International Business Machines Corp (IBM) said it will allow only fully vaccinated U.S. employees to return to offices, which are scheduled to open from September. The measure is part of its suit of measures to help contain the rapid… Read More ›
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Intel discloses stake in cryptocurrency exchange Coinbase Global Inc
In a statement Intel Corp disclosed that it has taken a small stake in U.S. cryptocurrency exchange Coinbase Global Inc. Its stake is less a million dollars. As of June 20, Intel held around 3,014 shares of Coinbase’s Class A… Read More ›
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Britain helps travel industry, cuts cost of COVID-19 tests for travel purposes
In a statement Britain’s Department of Health and Social Care said, it was cutting the cost of COVID-19 tests for travel from the National Health Service (NHS) and was reviewing the list of private providers to ensure pricing is transparent;… Read More ›
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Angela Merkel’s successor Armin Laschet to meet Musk on Tesla’s European Gigafactory
Germany’s conservative candidate who will succeed Angela Merkel as chancellor is scheduled to meet Tesla’s CEO Elon Musk sometime today during a visit to the company’s gigafactory site in Gruenheide near Berlin. “I am glad that Elon Musk has just… Read More ›
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Chinese, South Korean refiners snap up US sour crude
According to industry sources, Chinese and South Korean refiners have purchased at least 5 million barrels of U.S. Mars crude taking advantage of lower prices in recent weeks. Ongoing production restraints by producers in the Middle East as well as… Read More ›
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China’s CATL aims to raise $8.98 billion to expand lithium-ion batteries production
In a statement, Chinese battery giant CATL said, it is planning a private share placement to raise up to $8.98 billion (58.2 billion yuan) to fund six projects aimed at boosting the production capacity of lithium-ion batteries. The development comes at… Read More ›
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Unpredictable regulatory behavior makes investment in China unappealing: global fund managers
According to global fund managers, unpredictable behavior of China’s regulators make investing in China unappealing to foreign investors in the short-term. If Beijing were to make more meaningful reforms on data protection and reduce monopolistic practices by state-controlled companies will… Read More ›
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Travel sector recovering from COVID-19 pandemic: Holiday company TUI Group
On Thursday, in a statement the TUI Group said, the holiday travel sector is seeing a recovery from the COVID-19 pandemic. Following easing of travel restrictions in Britain, the holiday company saw a surge in bookings from Germany and continental… Read More ›
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