In a statement Royal Dutch Shell said, it would do away with its dual share structure and relocate its headquarters to Britain from the Netherlands. The development comes at a time when the oil giant is facing increasing climate pressure in… Read More ›
Economy & Finance
Best protection for everyone is to get booster doses: Boris Johnson
In a statement British Prime Minister Boris Johnson said, at the moment he sees no need to move the UK to “Plan B” of vaccine passes, mask mandates, and work from home orders, despite rising COVID-19 cases in parts of… Read More ›
EU to sanction companies and individuals in Belarus migrants crisis
Foreign Ministers from the European Union have agreed to a fifth round of sanctions against Belarus accusing it of using migrants as a weapon, said EU diplomat Josep Borrell. The EU measures, which will impact companies and individuals, will be… Read More ›
Debt saddled Chinese property sector unlikely to trigger global shockwave: BOJ governor Haruhiko Kuroda
On Monday, in a statement Bank of Japan Governor Haruhiko Kuroda said, woes revolving around China’s property sector are unlikely to trigger a global shock since the country was not saddled with huge external debt. “We don’t expect China’s property… Read More ›
Samsung’s vice chair Jay Y. Lee visits US as it weighs where to build $17 billion US chip plant
Jay Y. Lee, the vice chairman of Samsung Electronics is visiting North America following an imminent decision by the company to build a $17 billion US plant in the U.S. Lee is scheduled to visit the Unites States and Canada. Earlier… Read More ›
EU to broaden sanctions on Belarus on Monday
In a statement the European Union’s foreign policy chief Josep Borrell said, on Monday EU foreign ministers will widen sanctions on Belarus to include airlines and travel agencies involved in bringing migrants to the bloc’s border. The EU has accused… Read More ›
9.4% Fall In Auto Sales In China In October, Says Industry Body
The protracted worldwide scarcity of semiconductor chips was instrumental in vehicle sales in China declining in October, which was a drop for the sixth straight month, with a 9.4 per cent year on year fall in sales, shoed data from… Read More ›
Chips Shortage Is A Greater Concern Than Covid-19 For Daimler Truck CEO
The global semiconductor shortage is a cause of greater worry compared to the economic impact of the Covid-19 pandemic for Daimler Truck CEO Martin Daum. “I’m more concerned about semiconductors than Covid at the moment,” Daum said in a television… Read More ›
J&J To Be Divided Into Two Listed Companies
The consumer goods division of Johnson & Johnson, a health-care multinational, will be separated from its pharmaceutical and medical device businesses, the company announced on Friday, which will establish two publicly listed firms. The stocks of the company were driven… Read More ›
Sale Of Urea, Used As Emission Suppressant, Rationed In South Korea Due To Supply Shortage
A tactic to ration urea, which is utilized for reducing carbon emissions in diesel cars and in various industries, is now being implemented by the South Korean government. Authorities there have also imposed a ban on reselling of the solution… Read More ›