Purchasing of Covid-19 vaccines through an initiative co-led by the World Health Organisation has been rejected by the European Union because that process is slow and of high cost, said a report published by the news agency Reuters quoting two… Read More ›
Economy & Finance
New Study Predicts 1.3 Billion Tons Of Plastic Waste By 2040 Even With Global Action
A latest research by a group of scientists who have developed a new computer model which enables them to track the flow of global plastic pollution has claimed that over the next two decades, if there is no widespread intervention,… Read More ›
EU Commission Urges Countries To Diversify 5G Suppliers On An Urgent Basis
The European Commission has urged all the countries in the European Union to undertake urgent action to diversify the pool of suppliers for their 5G networks. According to analysts, this move is aimed at increasing competition for the Chinese telecom… Read More ›
Apparel brand Brooks Brothers enters stalking horse purchase agreement with SPARC Group for $305 million
In a development that marks apparel brand Brooks Brothers remaining a going concerns and help it maintain its operations, the company has entered into a “stalking horse” purchase agreement with retailer SPARC Group LLC for $305 million. Earlier this month,… Read More ›
SpaceX in talks to raise $1 billion at $44 billion valuation
According to a report from Bloomberg News, SpaceX is looking to raise new capital wherein it is likely to be valued at around $44 billion. Elon’s Musk’s space venture SpaceX is in talks with investors to raise $1 billion at… Read More ›
China May Not Recognize BNO Passports Of Hong Kong Residents In Retaliation To UK
A threat to derecognize the British National Overseas passports held by residents of Hong Kong was issued by China on Thursday as retaliation against the recent decision of the United Kingdom to allow refuge to Hong Kong residents holding British… Read More ›
EU Says Trade Deal With UK Not Likely Now, After No Progress Made Talks
Talks between the United Kingdom and the European Union over a free trade agreement were stalled on Thursday. While the EU said that an agreement was unlikely within the stipulated time frame. The UK expressed hope of an agreement by… Read More ›
U.S. orders closures of Chinese consulate in Houston
In a significant development on Wednesday, the United States has ordered China to close down its consulate in Houston. Although the United States has several consulates in China, according to a source Beijing is considering shutting down the U.S. consulate… Read More ›
Bombardier’s cash utilization decreases cash burn, secures up to $1 billion credit line
On Wednesday, in a statement Bombardier Inc said, it had managed to secure a loan of up to $1 billion; the utilization of its cash during its second quarter has also improved by around $500 million better than was previously… Read More ›
UK will have news laws to deal with foreign interference
British Prime Minister Boris Johnson plans on giving security services more powers to stop foreign interference in Britain, states a report from The Times newspaper. Johnson’s government is preparing to place a new counter-espionage legislation, which is likely to include… Read More ›