Author Archives
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Formats other than EU-Russia summit will be explored: German Chancellor Angela Merkel
Leaders from the European Union failed to agree on a proposal led by France and Germany to hold a summit with Russian President Vladimir Putin. Baltic countries along with Poland opposed the move saying it would send the wrong message…. Read More ›
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China Evergrande to repay $1.75 billion on Monday
In a statement China’s most indebted property developer said, it had arranged $1.75 billion (HK$13.6 billion) to repay bonds which will mature on Monday; it also aims to repay interest on all other dollar bonds. On Thursday, the company said,… Read More ›
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EU aims for summit with Russia, exit negative spiral in relations
On Thursday, leaders from the European Union said, they are weighing options which include seeking a summit with Russian President Vladimir Putin as part of a strategy to manage relations with Moscow and exit the current “negative spiral”. On Wednesday,… Read More ›
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NFL exploring strategic options for media assets
In a statement, the National Football League (NFL) said, it was exploring strategic options for its media assets including partnerships with “interested parties”. The development comes in the wake of signing long-term deals with tech firms and bigger media companies…. Read More ›
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US bans import of key solar panel material from Chinese companies
In a significant development, the Biden Administration has banned U.S. imports of a key solar panel material from China’s Hoshine Silicon Industry Co over forced labor allegations, said two sources. In a separate move, the U.S. Commerce Department has also restricted… Read More ›
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Tesla opens first charging station in Lhasa city, China
On Wednesday, in a statement Tesla Inc said, it has opened its first charging station in China which is equipped with its own solar panels as well as its own energy storage facilities. In a Weibo post, Tesla said, the charging… Read More ›
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Japan to tighten regulations on foreign ownership of domestic firms
On Wednesday, a report from Japan’s Yomiuri newspaper stated, the government is weighing options which include tightening regulation on foreign funds which have stakes in domestic firms in important technology sectors such as defense and the nuclear industry. With the… Read More ›
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Veteran lobbyist, political strategist Tim Keating abruptly exits from Boeing Co
In a statement, Boeing Co said, veteran lobbyist and political strategist Tim Keating, who helped navigate the company through its worst-ever crisis following the fatal 737 MAX crashes, has left the company. An internal memo from Boeing’s CEO Dave Calhoun to… Read More ›
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London-based hedge fund White Square Capital closes main fund
According to a report from the Financial Times, the London-based hedge fund that suffered losses when it went short on U.S. retailer GameStop Corp’s shares, during the first meme stock rally earlier this year in January, is now closing shop…. Read More ›
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Hyundai Motor Group completes acquisition of Boston Dynamics from SoftBank Group Corp
On Monday, in a statement SoftBank Group Corp said, Hyundai Motor Group has completed the acquisition of Boston Dynamics, a robotics firm, from the Japanese conglomerate. The deal, announced in December 2020, valued Boston Dynamics at $1.1 billion, and saw… Read More ›
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