In a statement Malaysia said, it has lifted interstate and international travel restrictions for fully vaccinated COVID-19 residents. Malaysia has inoculated 90% of its adult population. Malaysian Prime Minister Ismail Sabri Yaakob said, the government has agreed to allow fully… Read More ›
Economy & Finance
The New Proposed Global Tax Overhaul Puts Developing Countries In Dilemma
In a global shakeup, Ireland may have done the previously unthinkable by giving up its prized 12.5 per cent corporate tax rate. But it and other developed countries appear set to continue dividing the spoils of foreign direct investment. On… Read More ›
IMF Still Trying To Ramp Up Support For Its Proposed New Trust To Help Poorer Countries
Member support for a proposed Resilience and Sustainability Trust is still being sought by the International Monetary Fund. This trust will give an opportunity for richer nations to divert their IMF reserves to nations that are in need of funding…. Read More ›
China Orders Coal Miners To Increase Output To Manage Power Shortage
An energy shortage throughout China in recent weeks has resulted in power cuts in millions of homes and businesses which has prompted the government to order coal mines to increase production, said reports quoting sources from China. According to Chinese… Read More ›
Surging Inflation Forces A Tightrope Walk For Consumer Goods Companies
Pepsi and Levi Strauss, two major global brands, told investors this week that they were raising prices to offset inflation, but rising costs of everything from aluminium to cotton signal tighter times ahead for consumer goods companies. Due to global… Read More ›
South Korea raises greenhouse gas reduction target to 40% by 2030
On Friday, in a statement the South Korean government said, it will raise its greenhouse gas reduction target to 40%, up from 26.3%, by 2030, as part of its efforts to achieve carbon neutrality by 2050. The revision of the… Read More ›
Singapore expands quarantine-free travel for visitors from Germany, South Korea and US
In a statement Singapore’s Trade Minister Gan Kim Yong said, the country plans on widening its quarantine-free travel program to include fully vaccinated persons from the United States and South Korea. The development sees the financial hub attempting to cautiously… Read More ›
EU backs 5 year climate targets ahead of COP26 meet at Glasgow
The European Union has agreed to back 5-year climate targets at the upcoming COP26 climate change conference in which countries will try and iron out burrs in rules which will put the Paris Agreement into effect. COP26, which is to… Read More ›
Turkey ratifies Paris Climate Agreement as developing country
Turkey has become the last G20 country to ratify the Paris climate agreement, after holding off for years over perceptions of injustices in its responsibilities as part of the agreement. Although Turkey has been a signatory to the Paris agreement… Read More ›
Google Using AI At Traffic Lights To Reduce Fuel Use And Traffic Delays
Using artificial intelligence to optimise signal lights, it has been possible for Alphabet Inc’s Google to bring down the rate of fuel consumption as well as traffic delays by 10 per cent to 20 per cent at four locations in… Read More ›