Insurance companies of the United States and elsewhere are unwilling to take the risk of insuring the flight into space of space tourists even though the most outlandish of risks have previously been covered by them. But now they are… Read More ›
Economy & Finance
Honda Depending On New Civic Hatchback For Developing More Efficient Cars
Japan’s Honda Motor Co is hopeful that its all-new model – that of its latest Civic hatchback designs, will turn out to become the foundation for the company to develop and build cars more efficiently. The Civic hatchback designs were… Read More ›
China Evergrande to repay $1.75 billion on Monday
In a statement China’s most indebted property developer said, it had arranged $1.75 billion (HK$13.6 billion) to repay bonds which will mature on Monday; it also aims to repay interest on all other dollar bonds. On Thursday, the company said,… Read More ›
EU aims for summit with Russia, exit negative spiral in relations
On Thursday, leaders from the European Union said, they are weighing options which include seeking a summit with Russian President Vladimir Putin as part of a strategy to manage relations with Moscow and exit the current “negative spiral”. On Wednesday,… Read More ›
US bans import of key solar panel material from Chinese companies
In a significant development, the Biden Administration has banned U.S. imports of a key solar panel material from China’s Hoshine Silicon Industry Co over forced labor allegations, said two sources. In a separate move, the U.S. Commerce Department has also restricted… Read More ›
A Third Of Mainstream Investment Firms Believe Crypto Is ‘Rat Poison’, Shows JPMorgan Survey
A survey conducted by JPMorgan found that only 10 per cent of the institutional investment firms who participated in the survey trade in cryptocurrencies and almost half them have described this emerging digital asset class as “rat poison” or have… Read More ›
Japan to tighten regulations on foreign ownership of domestic firms
On Wednesday, a report from Japan’s Yomiuri newspaper stated, the government is weighing options which include tightening regulation on foreign funds which have stakes in domestic firms in important technology sectors such as defense and the nuclear industry. With the… Read More ›
Chinese Banks Directed To Stop Supporting Cryptocurrency By The Country’s Regulators
Chinese authorities have directed banks and payments platforms to not provide any more support to digital currency transactions as the country clamps down further on crypto currencies. This latest direction was preceded by an order on Friday for shutting down… Read More ›
Britain Starts Talks To Potentially Join The Trans-Pacific Trade Deal CPTPP
Negotiations for joining a trans-Pacific trade deal was started by Britain as it views the deal as crucial for its to end its dependence on the European Union in the post-Brexit era and shift towards markets that are geographically more… Read More ›
Australia drags China to WTO over economic coercions
In a statement, Australia’s Foreign Minister Marise Payne said, with Canberra dragging Beijing to the World Trade Organisation over the latter imposing anti-dumping duties on wine exports, bilateral negotiations is expected to commence. Last week, the Australian government filed a… Read More ›
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