In a significant development, U.S. regulators have issued final rules which have eliminated the need for manual driving controls for fully autonomous vehicles; the development sees regulators finalizing new crash standards which have to be met by automated vehicle manufacturers…. Read More ›
Entrepreneurship
China refusing to supply aircraft spare parts: Russian news agencies
As per a news report from Russian agencies, China has refused to supply aircraft spare parts to Russian airlines after Boeing and Airbus halted supply of components to Russia. The Russian aviation sector is being squeezed by Western sanctions following the invasion… Read More ›
SPAC Offerings By Chinese Firms Are Picking Up Steam As Harsher Offshore IPO Restrictions Loom
At a time when China’s tougher monitoring of its companies has hampered capital raising through foreign IPOs, smaller Chinese companies in need of capital are racing for quick offshore listings through the merger route with blank-check enterprises, according to corporate executives and bankers. The businesses… Read More ›
Apple Likely To Be More Appealing To Low-Purchasing Consumers In Asia With 5G iPhone SE
According to analysts, the low-cost 5G model of its iPhones would help Apple Inc to boost its appeal in the Asian market, – a market where the iPhone maker is rivalling with a slew of rivals ranging from South Korea’s… Read More ›
Air France-KLM, and Delta Airlines express interest to purchase majority stake in ITA Airways
With the backing of an international fund, Air France-KLM, and Delta Airlines have expressed interest to purchase a majority stake in Alitalia’s successor ITA Airways, reported La Repubblica citing a government source. According to the report, the expression of interest was… Read More ›
Mining major Rio Tinto joins exodus of foreign companies leaving Russia
In a significant development, Rio Tinto has become the first major mining company to cut ties with Russia related businesses joining an exodus of global companies over its invasion of Ukraine. Sony and Nintendo have also suspended deliveries of their… Read More ›
Malaysia fully open international borders to travelers from April 1
In a statement Malaysian Prime Minister Ismail Sabri Yaakob said, Kuala Lumpur will reopen its borders from April 1 and allow entry of visitors without quarantine requirements for those who are fully vaccinated against COVID-19. Since March 2020, Malaysia has… Read More ›
Midst Russian invasion of Ukraine, China eyes Indo Pacific: Australia’s intelligence chief
On Wednesday, Australia’s intelligence chief said, a “troubling new strategic convergence” is taking place between China and Russia. The risk of a “major power conflict” has grown following Russia’s invasion of Ukraine. China’s President Xi Jinping appears to want to… Read More ›
Russia proposes nationalizing all foreign owned factories that have stopped operations
A senior member of Russia’ ruling party has called for nationalising all foreign-owned factories that have closed operations in the country over what Russian President Vladimir Putin termed as a special military operation in Ukraine to cleanse it of Neo… Read More ›
Biden bans oil and other energy imports from Russia
In a statement U.S. President Joe Biden said, the United States would ban the import of Russian crude oil as well as other energy imports in retaliation to its invasion of Ukraine. “We’re banning all imports of Russian oil and… Read More ›