In a statement on Sunday, the Vietnamese government said, its business hub Ho Chi Minh City will begin social distancing measures for 15 days starting from May 31. The effort is aimed at curbing the spread of coronavirus-induced COVID-19 pandemic…. Read More ›
Economy & Finance
Backlash Against Big Oil Hailed As Catalyst For Aviation Green Fuels By IATA
According to the head of global airline body IATA, the global airlines will be prompted to raise its own environmental goals because of increasing backlash of activists and investors of oil majors against the companies’ ‘green’ shift which is seen… Read More ›
New Report Calls For Tripling Green Investments By 2030
The State of Finance for Nature Report suggested that the world needs to triple its investment in nature-based solutions by 2030 while increasing them by four times by 2050 to avoid irreversible damage to economies, the planet and humanity itself… Read More ›
Brazil Facing Worst Dry Spell In 91 Years, Put On Drought Alert
With Brazil facing its worst dry spell in 91 years, the government agencies of the country have issued warnings of droughts in the country this week. That has caused concerns and fears of measures such as energy rationing, hitting hydroelectric… Read More ›
Industry Association Says 2021 To Be Year Of ‘Record Level’ Earnings Of US Banks
With the recovery of the United States economy and buoyancy in the financial markets, 2021 is likely to be a year of “record level” of earnings for US banks, said the Institute of International Finance, an industry association. Bank lending… Read More ›
Production At Its Southern India Plant Halted By Ford Due To Pandemic Surge
Following a lunchtime sit-in protest on Thursday staged by the workers of its car plant in India’s southern state of Tamil Nadu, Ford Motor Co said it will halt production at the facility. The workers have been protesting to get… Read More ›
Government Agencies, NGOs Being Targeted By Group Behind Solarwinds Hack, Says Microsoft
According to Microsoft Corp, government agencies, think tanks, consultants, and non-governmental organizations are now being targeted by the group behind the SolarWinds cyber attack whioch was identified last year. “This week we observed cyberattacks by the threat actor Nobelium targeting… Read More ›
Germany to invests $9.74 billion in large hydrogen projects
On Friday, in a statement, Germany’s Economy and Transport ministries stated, Berlin will invest more than $9.74 billion (8 billion euros) in large scale hydrogen projects, in an effort to scale up hydrogen as an alternative to polluting fossil fuels… Read More ›
Robinhood can continue challenging validity of new fiduciary rule, judge rules
A Massachusetts judge has rejected Robinhood’s bid to block state regulators from going ahead with enforcing their legal action on allegations that it encourages inexperienced investors to place risky trades without limits. In a ruling Suffolk County Superior Court Judge… Read More ›
Britain could levy carbon tax on imports from polluting industries
British Prime Minister Boris Johnson is weighing options which includes a plan for imposing carbon tax on imports from polluting industries in am aim to protect British farmers from foreign rivals. The proposal which initially was targeted at heavy industry,… Read More ›