Military analysts have spotted a vessel at a Chinese shipyard using satellite images and have opined that it could be a new or upgraded class of nuclear-powered attack submarine. The development comes in the wake of a report from the… Read More ›
Creativity
Philip Morris International Inc makes $16B offer to acquire Swedish Match
In a statement on Wednesday, Philip Morris International Inc said, it was making a cash offer to acquire Swedish tobacco and nicotine products maker Swedish Match for 106 Swedish crowns per share. The value of the offer for Swedish Match, a Stockholm-listed… Read More ›
New Zealand to reopen international borders from July 31
On Wednesday, New Zealand’s Prime Minister Jacinda Ardern said, Wellington will fully reopen its international borders from July 31; it will also allow cruise ships to dock at its port from then on. The opening of international borders at the… Read More ›
EU’s industry chief Thierry Breton and Elon Musk signal agreement on EU digital media regulation
In a significant development, EU’s industry chief Thierry Breton and Tesla Inc’s CEO Elon Musk met in Texas and signalled the signing of an agreement on EU digital media regulation ahead of Musk’s purchase of Twitter Inc. “It fits pretty well… Read More ›
Geely Automobile to acquire a portion of Renault’s stake in Renault Korea Motors
In a statement Renault said, it would sell a little over a third of its Korea unit to China’s Geely Automobile Holdings for around $200 million. The move is aimed at freeing up funds for Renault to invest in its electric business… Read More ›
Tesla’s Gigafactory 3 plant in Shanghai halts production
According to two sources familiar with the matter at hand, Tesla Inc has stopped production at its Shanghai plant from Monday due to issues with securing parts for its electric vehicles. Shanghai is witnessing its sixth week of an intensifying COVID-19… Read More ›
EC should ensure sustainable imports of cocoa prices from Ivory Coast and Ghana
A letter by a group of European Union parliamentarians has asked the European Commission to open negotiations with Ivory Coast and Ghana to address low cocoa prices. The two African countries together produce more than 60% of the world’s cocoa…. Read More ›
US imposes sanctions on Islamic State financial facilitators
The United States has imposed sanctions on a network of five Islamic State financial facilitators working across Turkey, Syria and Indonesia, in support of members of the extremist jihadist group in Syria. In a statement the U.S. Treasury Department has… Read More ›
Russia’s Sberbank developing domestic cloud infrastructure following sanctions
In a significant development, Russia’s top lender Sberbank said, it is developing an entirely domestic cloud infrastructure following Western sanctions which have caused issues with its foreign cloud partner. Western countries have imposed sanctions on Russian banks. Sberbank has started developing technology… Read More ›
Lockheed Martin expects weapon sales jump beyond Ukraine Russia theatre: CEO
US weapons giant Lockheed Martin Corp plans on doubling the production of Javelin missiles, said its Chief Executive Officer James Taiclet. Lockheed Martin aims to boost the production of the anti tank weapon system from 2,100 to 4,000 per year in… Read More ›
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