At least nine new billionaires were created by the covid-19 vaccines following surge in the shares of the companies producing the vaccines. Moderna CEO Stéphane Bancel and Ugur Sahin, the CEO of BioNTech, which co-developed producing a vaccine with Pfizer,… Read More ›
Economy & Finance
Taiwan Accused China Of Spreading Fake News Amid Spike In Covid-19 Infections
China is spreading fake news about the Covid-19 situation in Taiwan, alleged a Taiwanese official. This is the reason that publicising and refuting some of the instances of false information that have been circulating online is being done by the… Read More ›
With Economy Reopening, Retail Spending Soars In The UK
After months of lockdown, retail shops have reopened in the United Kingdom and the British shoppers spend lavishly on new clothes in April, showed official data on Friday. According to experts, this was a further signal of a robust recovery… Read More ›
Despite Concerns Over British Farming, UK Offers Free-Trade Deal To Australia
A new set of trade deal terms have been offered to Australia by the United Kingdom according to which the two trading partners will phase out taxes on imports over a period of 15 years. There were reports of a… Read More ›
Danish Court Orders Carlos Ghosn To Pay Back $6 Million To Nissan And Mitsubishi
A court in Denmark ordered the fugitive former car executive Carlos Ghosn to repay 5 million euros ($6.1 million) in wages to Nissan and Mitsubishi in relation to a case that he had brought. At the core of this… Read More ›
Cellphone Fee Drop Offsets Input Costs As Consumer Price Fall Continue In Japan
A record drop in cellphone fees offset the rise in energy prices in Japan in April resulting in the country recording the ninth straight month of a drop in core consumer prices. This suggested that the economic recovery of the… Read More ›
Despite China’s anti-Australia rhetoric, Beijing continues to be Australia’s biggest trading partner
Despite China’s anti-Australia rhetoric, ongoing trade between the two countries is evidence of the ongoing relationship, pointed out Australian Prime Minister Scott Morrison. Beijing’s criticism of Australia is aimed at its domestic audience for political gains. While bilateral relationship between… Read More ›
Australian expatriate investment bankers return home, fuel economic growth
Lured by the launch of new boutique advisory firms, Australian expatriate investment bankers are returning home in large numbers, in what is likely to be signs of a strong economic rebound following the coronavirus-induced COVID-19 pandemic which triggered a recession…. Read More ›
UK cautiously reopens economy
Britain lifted a four month COVID-19 lockdown on Monday giving 65 million people a measure of freedom that was earlier curtailed by the Coronavirus-induced COVID-19 pandemic which began in Wuhan, China in late 2020. The British will now be able… Read More ›
Greece formally opens tourism industry to vaccinated or COVID-19 negative tourists
Greece has formally opened its tourism sector, kicking off a summer season through which it hopes to resurrect its tourism which has been battered by the coronavirus-induced COVID-19 pandemic. Following months of lockdowns, Greece has also opened its museums including… Read More ›