In a statement the Pentagon said, the U.S. State Department has approved the potential sale of defense equipment to Taiwan including items to support the Patriot Air Defense System and training in a deal valued at up to $95 million…. Read More ›
Creativity
Russian Auto Industry Is Grinding To A Standstill As A Result Of Ukraine Sanctions
Thousands of auto employees have been laid off, and food prices have risen as Western sanctions hit Kaluga, a small Russian city known for its international carmakers, with more sanctions sure to follow. Since 2006, the Kaluga area, located 190… Read More ›
US Approves sale of F-16 fighter aircraft to Bulgaria
In a statement the US Department of Defense said, the State Department has approved the potential sale of up to 8 F-16 fighter planes and related equipment to Bulgaria, in a deal valued at $1.673 billion. The principal contractor for… Read More ›
Foreign Minister Wang Yi calls for end to Russia-Ukraine conflict
Chinese Foreign Minister Wang Yi held a telephonic conversation with his Ukrainian counterpart, Dmytro Kuleba, with Beijing yet again calling to an end to the Russia-Ukraine conflict. The call, made at Ukraine’s request, was the first reported high-level conversation between… Read More ›
Novartis sees $1 billion in synergies in simplified organizational structure
On Monday, in a statement Novartis said, it was integrating its pharmaceuticals and oncology units into an innovative medicines (IM) business to simplify its organisational structure, which could result in targeted savings of at least $1 billion by 2024. “Integrating pharmaceuticals… Read More ›
Euro weighed down by potential sanctions on Russia, ban on cheap LNG
Talks of European banning Russian gas placed a lid on the rise of the Euro even as the US dollar firmed up with expectations of a rise in U.S. interest rates. The euro has been weighed down by worries of… Read More ›
TIM starts potential merger talks with Open Fiber
Telecom Italia (TIM) has signed a non-disclosure agreement (NDA) with Italian state lender CDP and has started formal talks of a potential merger between the phone group’s network with that of smaller broadband rival Open Fiber. The development comes at a… Read More ›
Soaring imports deepen EU-China trade deficit
Soaring imports from China by the European Union is increasing trade deficit by more than a third compared to last year, said the EU statistics office. Imports from China to the EU have jumped by more than a fifth in… Read More ›
Russian naval blockade preventing resupply by sea: British intelligence
Russian naval forces are continuing to blockade the Ukrainian coast on the Black Sea and Sea of Azov, preventing resupply by sea, said the British military intelligence in a tweet. In its regular bulletin, it also mentioned that while Moscow… Read More ›
Stellantis appoints Pietro Gorlier as CEO
In a statement, Comau, the robotics unit of carmaker Stellantis said, it has appointed Pietro Gorlier as its chief executive officer, with effect from April 1. Stellantis was created in 2021 following the merger of Fiat Chrysler and Peugeot-owner PSA. Although… Read More ›
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