Honeywell International Inc has raised its outlook for business jet deliveries, underscoring the aviation sector’s recovery from the COVID-19 pandemic. The travel industry is gradually recovering following easing of travel restrictions. U.S. based Honeywell International has forecast up to 7,400 new… Read More ›
Entrepreneurship
Michael Linhart appointed as Austria’s ambassador to France
Michael Linhart, Austria’s ambassador to France, has been appointed as the country’s foreign minister. He will succeed Alexander Schallenberg, who has been designated to become Austrian chancellor, as per a statement released on Monday. Linhart, a career diplomat who served… Read More ›
Pro-EU demonstrations rock Poland over Polish court ruling
On Sunday, more than 100,000 Poles demonstrated Sunday in support of European Union membership following a Polish court’s ruling that parts of EU law are incompatible with the constitution raising fears that Poland could potentially leave the bloc. Politicians across… Read More ›
Malaysia left interstate and international travel restrictions for fully vaccinated residents
In a statement Malaysia said, it has lifted interstate and international travel restrictions for fully vaccinated COVID-19 residents. Malaysia has inoculated 90% of its adult population. Malaysian Prime Minister Ismail Sabri Yaakob said, the government has agreed to allow fully… Read More ›
Sanjeev Gupta’s GFG Alliance strikes debt restructuring deal with with Credit Suisse
The GFG Alliance has agreed to a debt restructuring deal with Credit Suisse for its Australian steel and coal mining assets; it has also announced plans to inject $68 million (50 million pounds) in restarting its Rotherham electric furnace in the… Read More ›
Coming weeks decisive for Iran nuclear deal: German Chancellor Angela Merkel
In a statement, German Chancellor Angela Merkel said, the coming weeks will be decisive for the future of the Iran nuclear deal while adding, every day passing day that goes by without Tehran responding to U.S. overtures on the nuclear… Read More ›
The New Proposed Global Tax Overhaul Puts Developing Countries In Dilemma
In a global shakeup, Ireland may have done the previously unthinkable by giving up its prized 12.5 per cent corporate tax rate. But it and other developed countries appear set to continue dividing the spoils of foreign direct investment. On… Read More ›
Potential security threats from migration out of Afghanistan should be dealt with seriously: EU Home Affairs Commissioner Ylva Johansson
In a statement EU Home Affairs Commissioner Ylva Johansson said, Europe must take potential security threats arising from migration out of Afghanistan more seriously. “On the terrorist threat from Afghanistan, I must say that my assessment is that the alert… Read More ›
Nasdaq listed Universal Electronics Inc admits to employing Uyghur workers at its Qinzhou plant
In a significant development, Universal Electronics Inc, a U.S. remote-control maker said, it has struck a deal with Chinese authorities in Xinjiang to transport hundreds of Uyghur workers to its factory in Qinzhou, in the first confirmed case of a… Read More ›
South Korea raises greenhouse gas reduction target to 40% by 2030
On Friday, in a statement the South Korean government said, it will raise its greenhouse gas reduction target to 40%, up from 26.3%, by 2030, as part of its efforts to achieve carbon neutrality by 2050. The revision of the… Read More ›