Leaders of the European Union backed in principle of imposing tougher controls on exports of Covid-19 vaccines, stopping short of imposing a complete ban on export of the vaccines. This move came after a drawn-out row with the Anglo-Swedish manufacturer… Read More ›
According to shipping data, an estimated an estimated $9.6bn of goods each day is being held up by the stranded Ever Given mega-container ship in the Suez Canal since Tuesday. That is equivalent to $400m an hour in trade along… Read More ›
Higher demand and revenues from its gaming business helped the Chinese tech giant Tencent to report 26 per cent rise in its quarterly sales. While Tencent’s PUBG Mobile continued to do well all across the world, its Honor of Kings… Read More ›
After going through a rough couple of months in China, Tesla chief Elon Musk is now trying hard to gain back the former adulation of Beijing. During an interview with state broadcaster China Central Television (CCTV) Musk showered extensive praises… Read More ›
A government linked think tank in China has said that last year, the total hidden debt of the country’s local governments was at 14.8 trillion yuan ($2.3 trillion) and that figure could rise even further in the current year. According… Read More ›
A video-game chat community, Discord Inc, could be acquired by Microsoft Corp as the two companies are in talks to get a deal through which is expected to be worth more than $10 billion, said reports quoting sources with knowledge… Read More ›
According to the initial public offering (IPO) prospectus of the British food delivery firm Deliveroo, one of its biggest investors – Amazon.com, will reduce its stake in the company from 15.6 per cent to 11.5 per cent when the firm… Read More ›
In a significant development that potentially sees global carmakers increasing their footprints in India’s huge car market, New Delhi plans on offering fresh incentives to companies making electric vehicles (EVs) as part of a policy push in the auto sector… Read More ›
According to sources familiar with the matter at hand, office sharing startup WeWork lost $3.2 billion in 2020; this was disclosed during a presentation shown to prospective investors as part of a pitch for $1 billion in investment and a… Read More ›
Import of pineapples from Taiwan was nabbed last month by China over allegations that it presented the risk of “harmful creatures” that could be harmful for its own crops. However leaders in Taiwan were infuriated by the move as they… Read More ›
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