In a statement British Prime Minister Boris Johnson’s office said, Prime Minister Boris Johnson and German Chancellor Angela Merkel have discussed the situation in Afghanistan and agreed on the need for a common approach by the G7 as well as… Read More ›
Economy & Finance
Musk Reportedly Expresses Competition Concern Over Nvidia-Arm Deal
The planned acquisition of the British semiconductor designing company Arm by Nvidia Corp could present competition issues, indicated Tesla chief executive Elon Musk, according to a report published by the Telegraph reported on Saturday. The report stated that opposition to… Read More ›
July Retail Sales In Australia Decline, Analysts Expect Shrinking Of Economy
With government imposing lockdowns because of rising Covid-19 cases forcing shutting down of stores and services in the largest city of Australia which was partly responsible for a plunge in retail sales in the country in July. According to analysts,… Read More ›
$500 Mln Raised By Geely’s EV Brand Zeekr In Its First Finding Round
With significant interest from investors including Intel, battery maker CATL and online entertainment firm Bilibili, the premium electric vehicle brand by Geely, Zeekr, raised as much as $500 million from its first external funding round. The total stake of the… Read More ›
Trials For A Digital Rupee Could Be Started By December By India’s Central Bank
The first trials for its own digital currency could be launched by the Reserve Bank of India, the central bank of the country, by December, said the governor of the central bank Shaktikanta Das in a media interview. The potential… Read More ›
China Considering New Laws To Ban Chinese Firms With Sensitive Data From US Listing
Chinese authorities are trying to formulate new regulations that would prevent domestic internet based companies from getting publicly listed in the United States, said a report published by The Wall Street Journal on Friday. The Journal reported, citing people familiar… Read More ›
PBOC injects $7.71 billion into banking system, biggest ever since February 2021
China’s central bank The People’s Bank of China (PBOC) has increased its short-term fund injection this week to meet higher cash demand that typically ensues towards the month-end. In a statement PBOC said it has offered $7.71 billion (50 billion… Read More ›
Turkey must abide by new global tax rules, must remove digital service taxes: USTR
U.S. Trade Representative Katherine Tai told her Turkish counterpart Mehmet Mus, that Ankara must remove individual digital services taxes following a broader multilateral agreement that was reached in talks led by the OECD. Among a range of issues that was… Read More ›
World Bank Temporarily Stops Aid To Afghanistan Following Taliban Takeover
Following the seizure of political power in Afghanistan by the Taliban, funding for projects in the country has been frozen by the World Bank. According to a statement published by the global agency about the halting of the funding, the… Read More ›
July Car Production In UK Hit Lowest Level Since 1956
Car manufacturing in the United Kingdom declined in July to its lowest for the month for the entire industry since 1956, showed data available from a trade group. There was a 37.6 per cent year on year drop in cars… Read More ›