Buyers from all over the world are lining up to buy electric vehicles this year, despite rising sticker prices, reversing a decade and a half of conventional wisdom that EV sales would only take off if battery costs fell below… Read More ›
Regulations & Legal
Sri Lanka approaches IMF & World Bank for bridging loans
On Tuesday, in a statement Sri Lanka’s Finance Minister said, Sri Lanka has approached the International Monetary Fund (IMF) for rapid financial assistance. The island nation has been embroiled in a deep financial crisis midst allegation of gross mismanagement of… Read More ›
China’s First-Quarter GDP Above Expectations, But March’s Weakness Raises Concerns About Outlook
China’s economy slowed in March as consumption, real estate, and exports all took a hit, putting a damper on faster-than-expected first-quarter growth estimates and weakening an outlook already weakened by COVID-19 restrictions and the Ukraine conflict. The severe new coronavirus rules,… Read More ›
Tata Steel to consider 3 way stock split on May 3
In a statement Tata Steel said, its board, will be meeting on May 3 to consider a proposal to split the stock and recommend a dividend. Tata Steel did not specify the ratio of the stock split, but said, it… Read More ›
WHO Is Keeping Track Of The Spread Of Omicron BA.4 And BA.5 Subvariants Across Africa And Europe
According to the World Health Organization, Omicron subvariants BA.4 and BA.5 are circulating at low levels in numerous countries in Southern Africa and Europe. According to WHO’s technical lead on Covid-19 Maria Van Kerkhove, two subvariants of the extremely contagious… Read More ›
Higher Gasoline Costs Dampen Retail Sales In US, But Consumers Remain Resolute
Retail sales in the United States grew steadily in March, driven by record-high gasoline prices, but consumers are beginning to feel the effects of rising inflation, with online spending falling for the first time in more than a year. Consumer… Read More ›
Belarus bans entry of EU registered trucks
In a significant development, Belarus announced a ban on EU registered trucks from entering its territory, said a report from Interfax quoting the transport ministry.
Several buyers will pay for Russian LNG in Rubles: Alexander Novak
In a statement Russian Deputy Prime Minister Alexander Novak said, several buyers have approached Moscow to buy gas and have agreed to pay in Rubles. He went on to add, “We expect the decision (to switch to roubles) from other… Read More ›
Delete fake new content or face fine: Russian court to Google
As per a report from Interfax, a Russian court has told Google and Wikimedia Foundation to delete “fake” information regarding the Ukraine conflict or face fines. On Thursday, Russian communications watchdog had told Google it would face fines over its… Read More ›
Wells Fargo’s Earnings Tops Expectations, But Revenue Falls Short
Wells Fargo & Co reported a 21 per cent reduction in first-quarter profit, but topped Wall Street projections, as cash set aside to cover potential pandemic-related loan losses were released, cushioning a drop in mortgage lending. According to Refinitiv data, the… Read More ›
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