In an attempt to minimize its dependency on China, the global rare earth leader, the U.S. government plans to fund domestic rare earths projects. Rare earths are a group of 17 minerals used widely in a plethora of consumer electronics… Read More ›
Economy & Finance
Most sectors of the U.S. energy industry staring at bankruptcy
Reeling under a load of debt and in a state of shock from the supply demand gap in what is probably the worst ever crisis to his the oil industry, U.S. shale producers, pipeline and refineries are scrambling to preserve… Read More ›
Stand-Off Between Apple And France Over Covid-19 Contact Tracing App
The French government wants that its forthcoming coronavirus contact-tracing app be allowed to work in the background of iPhones without the use of the kind of privacy measures that the United States based Apple Inc is stressing. The development was… Read More ›
Missouri’s Attorney General Eric Schmitt files lawsuit against Chinese government, Chinese Communist Party, and other Chinese officials over COVID-19 pandemic
In yet another lawsuit against the Chinese government that has resulted as a result of the coronavirus which emerged from Wuhan China, the office of Missouri’s Attorney General Eric Schmitt stated, it had filed a lawsuit in the U.S. District… Read More ›
Private equity firms Silver Lake Partners & Apollo Global Management Inc in advanced talks to buy stake in Expedia for $1 billion
According to a report from the Wall Street Journal, Expedia Group Inc, an online travel services company, is in advanced talks to sell a stake to private-equity firms Silver Lake Partners and Apollo Global Management Inc for around $1 billion…. Read More ›
Burger chain Shake Shack Inc returns $10 million U.S. Small Business Administration loan
In the first such development, in a blog post, burger chain Shake Shack Inc stated, it will return the business loan that it took from the U.S. government which was meant to help businesses ride out the impact of the… Read More ›
U.S. crude oil futures tread back into positive ground after historic dip into negative territory
On Tuesday, after sinking into negative territory for the first time ever, U.S. oil prices climbed back into positive ground although Brent continued its downward trend midst falling demand during the coronavirus pandemic. As of 0356 GMT, U.S. West Texas… Read More ›
Furloughs, Layoffs Or Wage Cuts Threaten About 60 Million Europeans: McKinsey Report
According to a latest report by McKinsey, the coronavirus pandemic in Europe could threaten jobs of almost 60 million people across the European Union and the United Kingdom. If the pandemic is not contained soon enough, the rate of unemployment… Read More ›
Germany’s Coronavirus Related Stimulus Package Is Far Greater Than All Other Countries
According to a conclusion of a new study, much more money, on a relative basis, is being spent by Germany than many other countries such as the United States in its efforts to counter the economic impact of the novel… Read More ›
Eurozone trade surplus grows in Feb. 2020, imports from China declines
In a significant development, the euro zone’s trade surplus with the world grew in February, with imports from China falling sharply. The unadjusted goods trade surplus grew to $25.1 billion (23.0 billion euros) in February, compared with 18.5 billion euros… Read More ›
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