A vaccine against the novel coronavirus pandemic will be a “vital tool” in the global fight against the coronavirus, said the World Health Organization on Friday, but also warned that the threat of the pandemic will not come to an… Read More ›
Economy & Finance
Markit Flash PMI Shows Sudden Spike In US Business Activity To Early 2019 Levels
With a resurgence in new orders for both the manufacturing and services sectors, business activity in the United States jumped back to its highest since early 2019 this month. This assumes significance because novel coronavirus cases are still on the… Read More ›
Despite Beating Estimates, Nvidia’s Data Center Performance Worries Investors
Despite reporting estimate beating forecast for sales for the third quarter, investors remained worried about the results of the rising semiconductor industry star’s data center business during the second quarter of the current year which affected the shares of the… Read More ›
Telecom Italia open to find solution on single fiber optic network, open to governance issue as well: CEO
On Thursday, in an interview to Italian daily La Repubblica, the CEO of Telecom Italia (TIM) stated, TIM will not accept less than 50% of any single broadband network but is ready to find a solution over governance of the… Read More ›
New Injunction Against Apple Filed By Epic Over Removal Of Fortnite From App Store
A fresh injunction against Apple has been filed by Fortnite-maker Epic Games as it fights out the iPhone maker and the technology giant over the policy of commission and other things for using its App Store. The widely popular game… Read More ›
Britain to introduce legally binding environmental targets
In a significant development, Britain stated it would bring about legally binding targets on air quality, biodiversity, waste reduction, and cleaner water as part of efforts to combat climate change, rebuild the economy and improve the environment. These green targets… Read More ›
Trump Offers Cash Incentives For American Firms Moving Factories Out Of China
The United States President Donald Trump has offered tax credits to any American company ho that decides to shift its production units out of China. At the same time however Trump also threatened that those American companies that still continue… Read More ›
Huge Loss For Norway’s Wealth Fund In First Half Of 2020 Due To Covid-19
While reporting a 188bn kroner loss in the first half of the year, Norway’s sovereign wealth fund – the largest in the world – also issued a warning there could be further volatility in the financial markets because of the… Read More ›
Germany pushes to end Libya’s oil blockade
In a statement, Libya’s National Oil Corporation (NOC) stated, German Foreign Minister Heiko Maas had underscored the importance to bring about an immediate end to the blockade of oil facilities in Libya. NOC chairman Mustafa Sanalla met Maas in Tripoli… Read More ›
FDI in Mexico touched $18 Billion in Q1, despite slowdown induced by Wuhan Coronavirus
In a significant development that underscores a relocation of supply chain to North America, preliminary figures published by Mexio’s Economy Minister stated, during the first half of 2020, Foreign direct investment (FDI) in Mexico touched $17.97 billion. Although, the figure… Read More ›
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