Discovery Inc said on Monday it expects to have 12 million global paid streaming subscribers by the end of this month, as coronavirus-led restrictions kept people home and fueled streaming subscriber growth. Launched in January, discovery+ houses 55,000 episodes from… Read More ›
Entrepreneurship
Britain calls for urgent unfettered access to Xinjiang which houses modern concentration camps
On Monday, Britain is set to call on the United Nations to ask China to give “urgent and unfettered” access to Xinjiang to investigate reports of abuses in the Chinese region. The development is also set to mark Britain’s return… Read More ›
Chinese state funds invests in China’s BGI Genomics Co, capitalizes on COVID-19 pandemic
In a development that marks China capitalizing on the coronavirus-driven COVID-19 pandemic, the Chinese government has made an investment in BGI Genomics Co, a Chinese listed company that supplies millions of COVID-19 tests globally. BGI is seeking to fund exponential… Read More ›
United Airlines only airlines which operates Pratt & Whitney PW4000 engines
The U.S. Federal Aviation Administration has issued an emergency airworthiness directive following an engine failure on a United Boeing 777 in Denver, requiring immediate or heightened inspections of similar planes. In a statement late on Sunday, FAA Administrator Steve Dickson… Read More ›
China appeals to reset U.S.-China relations
In a significant development that underscores the fact that the previous Administration efforts aimed at countering China’s exploitive trade practices have indeed hit their targets, senior Chinese diplomat Wang Yi has called on the Biden Administration to reopen dialogue with… Read More ›
Activist investors want Kohl’s to optimize inventory levels, and asset holdings, nominate 9 directors to board
According to a report from the Wall Street Journal, a group of activist investors who have a stake of around 9.5% in Kohl’s Corp is attempting to take control of the department store chain’s board. The activist investors include Ancora… Read More ›
Corporate taxes will be gradually raised to 23% in coming years: British Finance Minister
In a significant development, the Sunday Times reported, British finance minister in the upcoming budget in March, Rishi Sunak is likely to raise taxes on businesses to pay for the Government’s COVID-19 support schemes. During his March 3, 2020 speech,… Read More ›
Mark Carney, former head of UK and Canadian central bank, joins fintech Stripe Inc’s board
In a significant development, Mark Carney, the former head of the UK and Canadian central banks, has joined Stripe Inc’s board of directors. The development comes in the wake of the company reporting that it plans on a funding round… Read More ›
Israel starts gradual return to normal, widens reopening of economy
On Sunday, Israel began reopening parts of its economy on what it termed as the start of a return to normal following a COVID-19 vaccination drive that has reached almost 50% of its population. While everyone could visits shops, access… Read More ›
FTSE Russell includes 11 Chinese stocks in global benchmark
In a significant development that marks a sharp contrast in Britain’s stands towards China, a post on index provider FTSE Russell states, it will “add 11 stocks from China’s STAR Market to its global benchmarks” thus allowing Beijing to benefit… Read More ›