Business in the services sector in Japan slowdown in August at the fastest pace since May last year while factory activity growth in the economy also declined which is reflective of the hit on the economy of the latest wave… Read More ›
Economy & Finance
Continued Chinese Clampdown Results In Half A Trillion Dollars Being Wiped From China Markets In A Week
The continued crackdowns by Chinese regulators on domestic tech companies hit investors’ confidence – consequently tech stocks of the country hit new lows while Hong Kong’s benchmark index touched an almost 10-month low. Within just a week, the fall in… Read More ›
M&S Makes A Rare Profit Upgrade With Success Of Its New Strategy
The latest turnaround plan of the British retailer Marks & Spencer is showing signs of being able to deliver results as the retailer raised its profits outlook recently following a surge in demand and sale for its food products and… Read More ›
Study Shows Covid-19 Prevented By AstraZeneca’s Antibody Therapy
The new antibody therapy from AstraZeneca could be the answer for those people seeking protection from Covid-198 but respond poorly to vaccines as the therapy has shown evidence of reducing the risk of people developing Covid-19 symptoms by 77 per… Read More ›
48 BHP Male Mine Workers Sacked Over Sexual Harassment And Assaults On Female Co-Workers
At least 48 workers have been fired by BHP over sexual assaults and harassment at the workplace in Western Australia mining camps since 2019, the mining giant said. Intense scrutiny over the treatment of women at their isolated sites is… Read More ›
Maersk Strikes Agreement For Securing Supply Of Green Methanol
The largest shipping company of the world, A.P. Moller-Maersk, has struck and agreement for secured supply of green methanol as the company gets ready to begin operations of its fi carbon neutral container by 2023, the company said. Transportation by… Read More ›
Newly Formed British Consortium Will Develop Solid State EV Batteries
A consortium for developing solid-state batteries for electric vehicles has been formed in Britain which includes seven British organisations. The consortium comprises of battery materials supplying company Johnson Matthey, start-up Britishvolt and Oxford University, among others, the group said on… Read More ›
Baidu raises $1 billion in ESG bonds
In a statement China’s Baidu Inc said, it has raised $1 billion in two tranches of U.S. dollar sustainability bond, marking its first environment, social and governance (ESG) transaction. While the first tranche covers a 5.5-year bond for $300 million the… Read More ›
Chinese Livestreaming Influencers Must Speak Mandarin And Dress Appropriately
A directive from the commerce ministry of China ordered all hosts and influencers of the country who livestream to market products of companies on online platforms should be speaking only in Mandarin and dress up appropriately in the efforts of… Read More ›
Tencent Q2 Profits Beat Estimates Driven By Growth In Gaming And Advertising
A growth in revenues from popular games as well as a rise in online advertising sales helped the Chinese gaming and social media giant Tencent Holdings to comfortably beat analysts’ estimates of profits of the second quarter with a jump… Read More ›
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