A slower-than-initially-reported growth was reported for the Japanese economy for the October-December quarter as companies reduced expenditure on plant and equipment while also sharply cutting down on inventories as consumer demand was hit by the cxovid-19 pandemic. Even though exports… Read More ›
In a significant development, Singapore has launched a travel “bubble” business hotel, in one of the world’s first such facilities, that enable executives to conduct face-to-face meetings without exposing themselves to potential coronavirus-induced COVID-19 infection. The bubble hotel has meeting… Read More ›
In a significant development, the United States revoked a sanctions waiver to Israeli mining magnate Dan Gertler, which was issued during the last days of the Trump Administration. In a statement, the Treasury Department said, exempting Gertler from sanctions was… Read More ›
It was important for the United States to remove “unreasonable restrictions” to allow for the two countries to move forward with their relationship under the new administration for President Joe Biden, said Chinese Foreign Minister Wang Yi on Sunday. Over… Read More ›
Within days of seizing power in Myanmar, the military rulers of the country attempted to withdraw about $1bn held at the Federal Reserve Bank of New York in the United States which prompted officials in the United States to freeze… Read More ›
On Monday, for the first time since the coronavirus-induced COVID-19 pandemic began, brent crude futures breached the $70 threshold for the first time, while U.S. crude touched its more than two years high. The development comes in the wake of… Read More ›
With people’s movement restricted because of the lockdowns imposed to prevent the spread of the Covid-19 pandemic last year, more and more customers were shifting to ordering their weekly and monthly groceries online which augured well for the large grocery… Read More ›
Compared to a mask that is properly fitted, limited benefit in blocking viral spread is provided by wearing two masks – one on top of another, showed a simulation by a Japanese supercomputer. This finding also partly negates a set… Read More ›
On Thursday, in a report, the Spectator magazine said, Washington and London have hammered out an agreement to suspend retaliatory tariffs on goods including Scotch whisky. The tariffs were imposed earlier as part of a long-running trade dispute over civil… Read More ›
With China controlling nearly 90% of the world’s supply of rare earth, the Five Eyes network should forge closer ties with Greenland to boost the critical supply of the minerals and cut their dependence on China, said a think tank… Read More ›
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