Champagne producers in France are celebrating record sales for the year. This unexpected turnaround from last year’s pandemic-related problems is giving them confidence that they will be able to withstand the Omicron variant. According to Jean-Marie Barillere, president of UMC… Read More ›
Economy & Finance
Foreign financial institutions conducting business with sanctioned individuals will be sanctioned: State Department
In a significant development, the United States has named five already-sanctioned Chinese officials who have allegedly contributed to undermining Hong Kong’s democracy; it has also issued a warning to financial institutions that conducting business with these officials would lead to… Read More ›
Omicron as severe as Delta: Imperial College London
According to analysis from a recent study, early UK data shows that infections caused by the Omicron variant appears to be no less severe than the Delta variant. Researchers at Britain’s Imperial College London compared 11,329 people with confirmed or… Read More ›
Davos Meeting Postponed By World Economic Forum Over Covid-19 Concerns
Health and safety concerns resulting from Covid-19 and its Omicron variant has prompted the annual January gathering of world leaders, billionaires, and executives in Davos, Switzerland to be postponed. “The World Economic Forum will defer its Annual Meeting in Davos, Switzerland, in the… Read More ›
Graphite Shortage Concerns For Chinese Electric Vehicle And Battery Makers
While they travel the globe for the lithium, nickel, and cobalt resources required to put China at the forefront of the electric vehicle (EV) race, Chinese battery and EV manufacturers are concerned about a material that is much closer to… Read More ›
EV Startups Seeking Mass Production At Low Costs
All of the electric vehicle and van startups vying to be the next Tesla Inc want to avoid Elon Musk’s “manufacturing hell.” However, electric vehicle companies such as Arrival SA (47K.F) in the United Kingdom and Fisker Inc in the… Read More ›
The resignation of Britain’s Brexit Minister creates increased uncertainty of issues surrounding Northern Ireland
Britain’s Brexit minister David Frost has submitted his resignation last week over disillusionment with the direction British Prime Minister Boris Johnson was leading the country after Brexit. Frost’s resignation raises question of Britain’s future tone with EU over post Brexit… Read More ›
Will pay $11B in taxes this year: Elon Musk
In a tweet, Tesla Inc’s CEO Elon Musk said, he will be paying more than $11 billion in taxes this year. The development comes in the wake of Democratic Senator Elizabeth Warren tweeting that Musk should pay taxes and stop “freeloading… Read More ›
Israel in 5th COVID wave, steps up vaccination, urges work from home
In a statement Israeli Prime Minister Naftali Bennett stated, the country is in the midst of a fifth COVID-19 wave as he urged citizens to step up vaccination and to take precautions such as working from home. In a televised… Read More ›
Chinese Regulators To Crackdown Next On Online Brokers: Reuters
Officials in China are seeking to prohibit online brokerage firms like Futu Holdings Ltd and UP Fintech Holdings Ltd from providing offshore trading services to mainland clients, the latest development in a comprehensive regulatory crackdown that has roiled a wide… Read More ›