As per three sources familiar with the matter at hand, regulators at the European Union have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, in order to ensure that they are not used… Read More ›
Intel is scheduled to announce its investment plans for semiconductor research and manufacturing in Europe, suggesting that it has finalized locations of its new factories in Europe. In September 2021, Intel had unveiled plans to invest $95 billion in Europe… Read More ›
Germany has decided to purchase 35 U.S. F-35 fighter jets to replace its ageing Tornado fighters that are capable of delivering a nuclear bomb. The development sees a significant shift in German security policy, including a pledge to reach NATO’s… Read More ›
The German subsidiary of Russian energy giant Rosneft has reported a cyber attack, said a report from die Welt citing Germany’s BSI cybersecurity watchdog. The report states, BSI had offered support to mitigate the attack and had issued a cybersecurity… Read More ›
On Monday, a U.S. federal court in Texas has summoned lawyers for ZTE Corp for a hearing whether the Chinese telecommunications equipment maker violated probation in connection with an alleged conspiracy to commit visa fraud. The company is on probation in… Read More ›
On Monday, Foxconn, a major Apple Inc supplier and iPhone assembler said, it has suspended operations in the Chinese city of Shenzhen to comply with the local government’s COVID-19 control policies. The development comes midst Shenzhen tightening its COVID-19 restrictions after… Read More ›
As per a report from the Wall Street Journal, a few U.S. hedge-funds which have investments from Russian oligarch Roman Abramovich have been told to freeze his assets after Britain imposed sanctions on him. Britain has frozen his assets and… Read More ›
Shares of Yum China along with four other Chinese companies have fallen sharply after they were ensnared in an audit dispute between China and the United States. In a statement Yum China Holdings, the owner of KFC, Taco Bell and Pizza… Read More ›
In a statement financial regulators of Bahamas said, financial institutions in the country have been ordered to halt all transactions with Russian entities which have been targeted under Western sanctions. While the Bahamas has vocally condemned Russia’s invasion of Ukraine,… Read More ›
Global financial conditions have reached their tightest since May 2009, according to a widely regarded Goldman Sachs index, which might indicate a global economic slowdown. The financial circumstances of an economy represent the availability of capital in that economy, and… Read More ›
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