In a significant development a new law is steaming ahead in Russia which allows the state to take control of local businesses of western companies that decide to exit from the Russian market following its invasion of Ukraine; the move… Read More ›
Entrepreneurship
Survey Shows Sharp Fall In Outlook Of CEOs As More Than Half Expect A Recession
According to a highly respected business survey released Wednesday, corporate executives are pessimistic about their outlook, with an overwhelming majority of them now forecasting a recession. According to the Conference Board’s survey of CEO sentiment, 57 per cent of the respondents now expect inflation to… Read More ›
Pfizer aims to increase market share, will sell patented drugs and vaccines at low prices for low income countries
On Wednesday, in a significant development drugmaker Pfizer Inc said, all of its patented medicines including COVID-19 treatment Paxlovid and big-selling breast cancer drug Ibrance will be made available at not-for-profit prices to 45 of the world’s poorest countries. The bouquet… Read More ›
No inflationary and price impacts on beauty products: L’Oreal CEO
In a statement the CEO of French cosmetics group L’Oreal said, it has not seen any inflationary impact on purchases of its beauty products. “So far we see no impact of inflation and price impacts on consumers’ beauty consumption,” said L’Oreal… Read More ›
Chinese Russian Air Forces hold joint military exercises
In a significant development the Air Forces of Russia and China conducted a joint aerial patrol over the Sea of Japan, East China Sea and the Western Pacific. In a statement China’s Defense Ministry said, the patrol was part of… Read More ›
Impossible on quantify full cost of rebuilding Ukraine: German Finance Minister
In a statement German Finance Minister Christian Lindner said, it was impossible to say how much it would cost to rebuild Ukraine. “The Ukrainian side doesn’t talk a lot about reconstruction. The priority is stopping the war, the priority is… Read More ›
France recommends targeted MonkeyPox vaccinations
On Tuesday, France’s health authority recommended a targeted vaccination campaign against monkeypox for adults who are at risk, including for those who have been in contact with a patients who have contracted monkeypox. Health staff who have been exposed to… Read More ›
IMF Chief Suggests Governments Should Give Food And Energy Subsidy
The president of the International Monetary Fund (IMF) told the BBC that governments should subsidise the cost of food and electricity for the weakest sections of society. People all throughout the world are trying to keep up with escalating living… Read More ›
Taliban signs deal with UAE, Turkey and Qatar on airport operations and security
On Tuesday, in a significant development Afghanistan’s Taliban Administration said, it will sign an agreement with the United Arab Emirates (UAE) to share responsibility for operating airports in the country. The announcement was made on Twitter by Taliban leader Mullah… Read More ›
Indian auto major Mahindra and Mahindra open to partnership for EV parts
In a statement Anish Shah, the CEO of Indian auto major Mahindra and Mahindra group said, it will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio. While earlier Mahindra had focussed on developing EV components… Read More ›
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