For the first time in its history in 2020, the use of renewable energy sources for generating electricity in the European Union overtook its use of fossil fuel with new projects coming online and a deliberate reduction of use of… Read More ›
Economy & Finance
Biggest IPO Since Pandemic Could Be Launched By Tiktok’s Rival In China – Kuaishou
A rival of the Chinese version of TikTok is reportedly getting readu to launch an initial public offering which is expected to be the largest IPO of the world since the beginning of the novel coronavirus pandemic. The Beijing based… Read More ›
New Zealand upgrades FTA with China
In a development that sees China leveraging its trade leverage against a former five eye country, Beijing has signed a free trade agreement with New Zealand allowing the island nation export opportunities to the China’s market where state-backed have an… Read More ›
Outbreak of COVID-19 variant in northern China will impact industrial production
On Tuesday, alleviating industry concerns that the new variant of the coronavirus disease that has been surging in northern China, Huang Libin, an official from China’s Ministry of Industry and Information Technology said, the outbreak will have an impact on… Read More ›
ECB sets up climate change centre to implement climate issues into monetary policy and banking supervision
On Monday, Christine Lagarde, President of the European Central Bank said, the bank is setting up a climate change centre to coordinate its thinking on how to best incorporate climate issues into monetary policy and banking supervision. “We are now… Read More ›
Low acreage acquisition by energy giants likely to lead supply side gap during the second half of the decade
With coronavirus inducing economic lockdowns around the globe, there has been a sharp decline in energy prices last year according to data, as a result top oil companies have significantly reduced their search for new fossil fuel resources, triggered massive… Read More ›
China’s Growth And Xi’s Leadership Will Be Challenged By Potential For New Pandemic Outbreak
China, the second largest economy of the world, was expanding at a quarterly rate of 6.5 per cent in November last year when the United Kingdom was going into a second lockdown and its economy was contracting. Recent data has… Read More ›
US Set To Import Record Canadian Oil Even If The Keystone XL Project Is Shelved
The new president of the United States has shelved the Keystone XL pipeline project on his first day at office but despite that the US has been able to position itself to pull in record imports of Canadian oil in… Read More ›
Non-performing assets rise by more than 50%, Chinese banks write-off $466.6 billion in 2020
On Friday, in a statement, China’s top banking and insurance regulator said, the sector has written off $466.6 billion (3.02 trillion yuan) in non-performing assets in 2020, up by more than 50% from a year ago. At the end of… Read More ›
Senate should approve Biden Administration’s push for U.S. rejoining Paris Agreement: Republicans
With U.S. President Joe Biden signing an executive order which sees the United States rejoining the Paris climate agreement, a group of Republican senators called on him to submit his plan to re-engage the United States in the landmark accord…. Read More ›
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