On Tuesday, shares of Thailand’s airlines and hotels rose in early morning trade, following an announcement by the prime minister that from November more vaccinated tourists would be allowed to visit the country. Late on Monda, Prayuth Chan-ocha said mandatory quarantine… Read More ›
Economy & Finance
Emmanuel Macron unveils $35 billion investment plan as part of France 2030 vision plan
On Tuesday, French President Emmanuel Macron unveiled a five-year, $35 billion (30 billion euro) investment plan aimed at providing much needed support to champions of domestic industry and to support innovation. “We must wage the battle of innovation and industrialisation… Read More ›
France, Germany, Ukraine and Russia agree to foreign minister meeting to resolve conflict in Ukraine
In a statement the German Government said, French President Emmanuel Macron and German Chancellor Angela Merkel have had phone calls with their equivalent in Russia and Ukraine and discussed the conflict in Ukraine. All four leaders agreed that their foreign… Read More ›
Unreliable power supply haunts Chinese industries
In signs of a worsening power crisis in China, the country’s largest provincial economy warned of worsening power shortages despite Beijing’s best efforts to boost coal supply and boost electricity production. According to analysts, China’s power crisis is expected to… Read More ›
Pro-EU demonstrations rock Poland over Polish court ruling
On Sunday, more than 100,000 Poles demonstrated Sunday in support of European Union membership following a Polish court’s ruling that parts of EU law are incompatible with the constitution raising fears that Poland could potentially leave the bloc. Politicians across… Read More ›
Malaysia left interstate and international travel restrictions for fully vaccinated residents
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 ›
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 ›