According to the global airline industry the “largest transport challenge ever” for the industry will be faced in shipping a coronavirus vaccine around the world. The International Air Transport Association (IATA) has said that doing so will require the equivalent… Read More ›
Economy & Finance
Concerns Over ‘Arbitrary Punishment’ Against European Companies By China Raised By EU Business Group
According to the deductions of an a European business industry group, with a more politicized business environment between the European Union and China, there is a threat of “arbitrary punishment” for European companies by China. Concerns over travel restrictions imposed… Read More ›
Homes with gardens in hot demand in UK: RICS survey
According to a monthly gauge of housing prices in the UK from the Royal Institution of Chartered Surveyors (RICS), Britain witnessed a post-lockdown surge in the housing market in August, with house prices hitting their four-year high Tired of coronavirus-induced… Read More ›
Climate change poses a systemic risk to financial markets: U.S. Commodity Futures Trading Commission
In a significant development, a landmark report commissioned by the U.S. Commodity Futures Trading Commission, clearly states that climate change poses a “slow motion” systemic threat to the stability of the U.S. financial system, requiring urgent action from financial regulators,… Read More ›
Silver Lake Partners to invest $1 billion in India’s Reliance Industries Ltd
On Wednesday, in a statement India’s Reliance Industries Ltd said, U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail business. The development sets the stage for a three-way battle between a battle Reliance, Amazon.com Inc… Read More ›
Boris Johnson’s government plans to sacrifice the future of the union by stealing powers from devolved administrations: Wales’ counsel general
In a statement, Jeremy Miles, Wales’ counsel general and minister for European transition stated, according to the British government’s internal market bill, which incidentally breaks international law over Brexit, Boris Johnson’s government is likely to sacrifice the union of the… Read More ›
SoftBank’s market capitalization falls by $15 billion on U.S. tech stock rout
On Wednesday, in a statement SoftBank Group Corp said, its shares were down 5% in afternoon trade on Wednesday extending this week’s downward trot, with the bear trend wiping off $15 billion from its market capitalization, with investors worried about… Read More ›
U.S. Customs and Border Protection prepares ban of tomato, cotton and cotton yard-based imports from China’s Xinjiang over forced labor
In a significant development, the U.S. Customs and Border Protection officials have prepared orders to block the import of tomato and cotton products from China’s Xinjiang region over allegations of forced labor. A formal announcement by the U.S. Administration of… Read More ›
Beijing Says US Is ‘Bullying’ Chinese Tech Companies
Chinese tech companies are victims of “naked bullying” of the United States, said Beijing while criticizing the US actions against Chinese tech companies. These comments from China come at a time when a new set of global guidelines for… Read More ›
U.S. ban on sourcing of cotton and other textiles from Xinjiang will impact global major clothing brands
According to a report from the New York Times late on Monday, the United States is weighing a potential ban on some or all products made with cotton from China’s Xinjiang region which Beijing is housing minority Muslims in modern… Read More ›