In a significant development, the Biden Administration has banned U.S. imports of a key solar panel material from China’s Hoshine Silicon Industry Co over forced labor allegations, said two sources. In a separate move, the U.S. Commerce Department has also restricted… Read More ›
On Wednesday, in a statement Tesla Inc said, it has opened its first charging station in China which is equipped with its own solar panels as well as its own energy storage facilities. In a Weibo post, Tesla said, the charging… Read More ›
On Wednesday, a report from Japan’s Yomiuri newspaper stated, the government is weighing options which include tightening regulation on foreign funds which have stakes in domestic firms in important technology sectors such as defense and the nuclear industry. With the… Read More ›
Chinese authorities have directed banks and payments platforms to not provide any more support to digital currency transactions as the country clamps down further on crypto currencies. This latest direction was preceded by an order on Friday for shutting down… Read More ›
In a statement, Boeing Co said, veteran lobbyist and political strategist Tim Keating, who helped navigate the company through its worst-ever crisis following the fatal 737 MAX crashes, has left the company. An internal memo from Boeing’s CEO Dave Calhoun to… Read More ›
According to a report from the Financial Times, the London-based hedge fund that suffered losses when it went short on U.S. retailer GameStop Corp’s shares, during the first meme stock rally earlier this year in January, is now closing shop…. Read More ›
On Monday, in a statement SoftBank Group Corp said, Hyundai Motor Group has completed the acquisition of Boston Dynamics, a robotics firm, from the Japanese conglomerate. The deal, announced in December 2020, valued Boston Dynamics at $1.1 billion, and saw… Read More ›
In a joint statement, Pershing Square Tontine Holdings along with Universal Music Group (UMG) said, William Ackman’s company has signed a deal to purchase a 10% stake in UMG. “As announced, the transaction is based on an enterprise value of… Read More ›
In a statement, Australia’s Foreign Minister Marise Payne said, with Canberra dragging Beijing to the World Trade Organisation over the latter imposing anti-dumping duties on wine exports, bilateral negotiations is expected to commence. Last week, the Australian government filed a… Read More ›
In a statement the office of British Prime Minister Boris Johnson said, he would lead a new initiative to capitalize on scientific and technological breakthroughs made in the country with the purpose of directing research into areas that will benefit… Read More ›
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