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 ›
Britain’s decision to make unilateral changes to Northern Irish Brexit arrangements have triggered concerns whether it can be trusted on future trade negotiations, opined the European Union’s finance chief Mairead McGuinness. “It does open a question mark about global Britain,… Read More ›
In a significant development U.S. Energy Secretary Jennifer Granholm stated, Washington is ready to reactivate a loan program which could see more than $40 billion channelized towards clean energy. “I am ready to rev those engines back up so that… Read More ›
Elon Musk’s SpaceX is building a new factory in Texas for its satellite-based broadband service Starlink. Musk is heading several futuristic companies, including electric vehicle maker Tesla Inc, neurotechnology company Neuralink, and Boring Co. In December 2020, Musk moved to… Read More ›
Orders for an additional 25 Boeing 737 Max jet planes were placed with the United States based aircraft makers by United Airlines which is the largest order for the planes since they were grounded globally in March 2019. The American… Read More ›
The largest initial public offering in the United States so far this year could be launched by the South Korean e-commerce giant Coupang, which has the support of HJapanese conglomerate SoftBank Group. According ot reports, the IPO from the company… Read More ›
According to Saudi Arabian news outlet Maaal, Saudi Arabian Airlines (Saudia) plans on ordering 70 airliners from Airbus and Boeing. The report states, Saudia is negotiating with local banks to raise $3.07 billion (11.5 billion riyals) to partly finance an… Read More ›
According to a report from Bloomberg News citing sources familiar with the matter at hand, SoftBank Group Corp’s Vision Fund has significantly written down its $1.5 billion investment in supply-chain finance company Greensill Capital. According to the report, SoftBank’s Vision… Read More ›
In a significant development, the European Union’s banking watchdog stated, starting from next year banks in the Eurozone would have to publish a pathbreaking “green asset ratio” (GAR) as a core measure of their climate-friendly business activities. With investments in… Read More ›
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