On Friday, in a statement Japan’s Ministry of Finance said, the Japanese Cabinet has decided to spend $3.71 billion (385.6 billion yen) from emergency budget reserves to back the government’s domestic travel. The bulk of the spending will go towards… Read More ›
Economy & Finance
BlackRock expands coverage of climate-related issues to 90% of holdings
On Thursday, ahead of its upcoming shareholder meeting, BlackRock said it would more than double the number of companies it engages with over climate-related issues to more than 1,000 while laying out stronger goals on other fronts for portfolio firms… Read More ›
S&P Dow Jones Indices delists Chinese-military backed companies
On Thursday, in a significant development, S&P Dow Jones Indices said it would delist Chinese companies including Hikvision from its products, becoming the latest stock exchange to do so following the U.S. Administration ordering restrictions on the purchase of their… Read More ›
Britain signs FTA with Singapore
In a significant development, on Thursday, Britain has signed a free trade agreement with Singapore as it prepares its transition out of the European Union on December 31, 2020. The deal was signed by Britain’s secretary of state of international… Read More ›
Japan’s ruling aims to incentivize green investments
With Japanese Prime Minister Yoshihide Suga strategically placing carbon neutrality at the centre of the country’s economic recovery plan, the country’s ruling party has called for extending tax breaks on low-emission vehicles as well as incentivize green investments, showed a… Read More ›
With Eyes On A Quick Post-Brexit Trade Deal, UK Abandons EU Tariffs On Boeing
Tariffs imposed of the United States based plane maker Boeing have been dropped by the United Kingdom in the hope that it will be able to secure a trade agreement with the US faster after Brexit. This move by the… Read More ›
People’s Vaccine Alliance Claims Cvoid-19 Vaccines Being Hoarded By Rich Countries
A coalition of campaigning bodies has warned that it is likely that people from poor countries will miss out on a Covid-19 vaccine because the richer countries are hoarding doses of the vaccines. Only one in 10 people will be… Read More ›
Goldman Sachs to wholly own Chinese joint venture: Internal Memo
In a statement Goldman Sachs Group Inc said, it has entered into an agreement with its Chinese joint venture partner to wholly own the business. The development marks Goldman Sachs as the latest foreign bank to take advantage of China’s… Read More ›
Food Delivery Industry Boosted By The Pandemic To Face Reality Check Soon
The global food delivery industry was seen to be facing a reckoning at the beginning of 2020 after the industry raised and lost billions of dollars for years. After losing its foothold on the market, Grubhub, one of the pioneers… Read More ›
New Onetime Tax On The Superrich Imposed In Argentina To Fight Covid-19
In order to generate more money in the form of taxes to tackle the Covid-19 pandemic, a new tax on the wealthiest people of the country has been passed by Argentina. According to this new tax, money that would be… Read More ›