According to the allegations made by a green campaign group, consumers in the European Union are being falsely made to purchase unethically sourced timber from Ukraine as being ethical and sustainable because regulations in the Ukrainian forests is not proving… Read More ›
Economy & Finance
Volkswagen AG in acquisition talks with French car rental firm Europcar Mobility Group SA
According to sources familiar with the matter at hand, Volkswagen AG is holding talks with Europcar Mobility Group SA to acquire it. The potential deal will allow the carmaker to better capitalize on its fleet. The dealmaking comes at a… Read More ›
U.S. companies forced to compete with state-backed companies in China
U.S. Treasury Secretary Steven Mnuchin stated, U.S. companies will decouple from China if they are not allowed to compete on a fair and level basis in China with its domestic companies. Mnuchin made these remarks while speaking at a virtual… Read More ›
Plans Of A Platform To Take On Google And Apple Unveiled By Snapchat Owner
Plans for launching of a fully fledged digital platform that will rival not only Facebook but also Google and Apple were revealed by Snap, the company behind Snapchat. The company plans to soon launch an app store and expand its… Read More ›
UK Auto Trade Body Says One In Six Jobs In Car Industry At Risk
If the United Kingdom government does not provide a coronavirus support package, one in six jobs in the country’s car industry will be at risk of redundancy, warned an industry body. This was disclosed in a survey conducted by the… Read More ›
Hopes Of Recovery Ignited By Significant Slowing Of Downturn In Euro Zone In June
The economic downturn in the euro zone because of the hit to economic activities by the novel coronavirus pandemic continued to show signs of recovery in June. The latest data released on Tuesday gave a clear indication of the current… Read More ›
India Engaged In Unfair Practices On Charter Flights, Alleges US Transport Department
The Indian government has been accused of being engaged in “unfair and discriminatory practices” on charter air transportation services to and from India by the Transportation Department of the United States on Monday. Making this accusation, the Department has also… Read More ›
Abu Dhabi National Oil Company signs $10 Billion gas infrastructure deal with consortium of investors
On Tuesday, Abu Dhabi National Oil Company (ADNOC) stated, it had signed a $10 billion gas infrastructure deal with a consortium of investors. The deal comes at a time when gas prices are at a low. The pipeline deal is… Read More ›
BlackRock warming up to European assets
On Tuesday, BlackRock’s Investment Institute stated, it was “warming up” to European assets following what it termed as an “impressive” performance by the Eurozone to tackle the Wuhan coronavirus. The Investment Institute, the research arm of BlackRock, the world’s biggest… Read More ›
A ‘Bigger Global Threat Than Virus’ Is US China Cold War, Says Top Economist
Influential economist Jeffrey Sachs believes that it is not the novel coronavirus pandemic but the deepening cold war between the United States and China will turn out to be a much larger threat to global economy. In an interview to… Read More ›