According to two sources familiar with the internal deliberations, U.S. President-elect Joe Biden Administration is weighing the odds of creating a White House position focused “on competition policy and issues relating to antitrust”. One of the sources has cautioned that… Read More ›
Economy & Finance
Biden Administration should build on gains made by Trump Administration: exiting EXIM bank chief
In a significant development, Kimberly Reed, the head of the Export-Import Bank of the United States (EXIM) urged the incoming Biden administration to build on gains made by the Trump Administration to neutralize Chinese export subsidies and provide U.S. companies… Read More ›
Amazon.com Inc to open distribution and fulfillment center in Italy with $278 million
On Monday, in a statement, Amazon.com Inc, the world’s biggest online retailer said, it will open two new logistics centers in Italy later this year and plans on sinking more than $278 million (230 million euros) towards them. With the… Read More ›
Malaysia Files Case Against EU At The WTO Over Restrictions On Palm Oil As Biofuel
The European Union and its member states France and Lithuania had previously imposed restrictions on palm oil based biofuels from Malaysia and the Malaysian government will be initiating legal action against these parties at the global trade watchdog – the… Read More ›
Trump Administration unveil rules to protect U.S. telecom supply chain
In a significant development, the Trump Administration has labeled China, Iran, Russia, Cuba and North Korea as foreign adversaries as part of a new set of rules aimed at protecting the U.S. telecoms supply chain. The rules, which implement an… Read More ›
Efficacy Of Its Covid-19 Vaccine Defended By China’s Sinovac After Poor Brazil Data Emerges
Researchers in Brazil announced results of late-stage clinical trial data of the Covis-19 vaccine developed by China’s Sinovac Biotech which showed that the vaccine candidate’s efficacy was much lower than the initial claims by the Chinese firm. However the safety… Read More ›
70,000 Accounts That Shared QAnon Conspiracy Theories Suspended By Twitter
More than 70,000 accounts that were dedicated primarily to share QAnon content were suspended by the social media company Twitter, the company has said, which, according to analysts, is a part of the efforts of the platform to be strict… Read More ›
Latest Funding Round Helps Checkout.Com Raises $450Mn And Achieve $15Bn Valuation
With the help of a $450 million Series C finding round with Tiger Global Management leading the round, the payments company Checkout.com is ready to raise its head once again. Greenoaks Capital and all the existing investors in the company… Read More ›
Australia blocks Chinese-state owned company from acquiring domestic peer involved in high profile construction projects
In a significant development, Australia has blocked a Chinese construction company from buying out a domestic builder involved in several high-profile projects, citing national security concerns, reported local media reports. In a regulatory filing to the Johannesburg stock market filing… Read More ›
European companies on Russian Nord Stream 2 pipeline project at risk of U.S. sanctions
According to two sources familiar with the matter at hand, the U.S. State Department has informed European companies that those helping to build Russia’s Nord Stream 2 gas pipeline face sanction risks. “We are trying to inform companies of the… Read More ›