In a significant development, Mark Carney, the former head of the UK and Canadian central banks, has joined Stripe Inc’s board of directors. The development comes in the wake of the company reporting that it plans on a funding round… Read More ›
Economy & Finance
Israel starts gradual return to normal, widens reopening of economy
On Sunday, Israel began reopening parts of its economy on what it termed as the start of a return to normal following a COVID-19 vaccination drive that has reached almost 50% of its population. While everyone could visits shops, access… Read More ›
FTSE Russell includes 11 Chinese stocks in global benchmark
In a significant development that marks a sharp contrast in Britain’s stands towards China, a post on index provider FTSE Russell states, it will “add 11 stocks from China’s STAR Market to its global benchmarks” thus allowing Beijing to benefit… Read More ›
Saudi Arabia aims to source 50% of its military hardware locally by 2030, aims to invest $20 billion over the next decade
In a statement the head of Saudi Arabia’s military industry regulator stated, the Kingdom plans on investing more than $20 billion in its domestic military industry over the course of the next decade as part of an aggressive military spending… Read More ›
Despite Manufacturing Growth, Business Activity Of Euro Zone Dips Again In February
There was a slight improvement in European business activity in February even though the economy continued to contract with the Covid-19 pandemic still forcing governments to impose social restrictions, showed preliminary data that was released on Friday. The Covid-19 pandemic… Read More ›
Canada Intent To Follow Australia To Force Facebook To Pay For News
After Australia, the Canadian government has said that it will make Facebook Inc shell out money for the news content that it uses on its platform and has sought to get together allies in the media battle with tech giants…. Read More ›
78 Brexit companies relocated to Netherland, 550 in relocation talks: Netherlands Foreign Investment Agency
On Thursday, in a statement Netherlands Foreign Investment Agency stated, there has been a flow of businesses moving into the Netherlands because of Brexit; this is despite direct foreign investment dropping by a quarter because of the coronavirus-induced COVID-19 pandemic…. Read More ›
Amazon’s internal documents reveals how it dodges Indian regulations
In a significant development that sheds some light on the inner machinations of Amazon.com Inc, the world’s largest online retailer, in early 2019, Jay Carney a senior executive at Amazon.com Inc while preparing for an important meeting with India’s ambassador… Read More ›
British American Tobacco Reports Profit Rise Even With Fall In Sales
British American Tobacco (BAT), the owner of a number brands of cigarettes including Lucky Strike, Pall Mall and Camel, reported an almost 9 per cent growth in its profits even though the noted lower sales of its products partially because… Read More ›
China Becomes EU’s Biggest Trading Partner In 2020 Outpacing The US
China has overtaken the United States as the largest trading partner of the European Union in 2020. While there was a fall in EU’s trading with most of its major trading partners during the pandemic hit year, China on the… Read More ›
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