Thousands of auto employees have been laid off, and food prices have risen as Western sanctions hit Kaluga, a small Russian city known for its international carmakers, with more sanctions sure to follow. Since 2006, the Kaluga area, located 190… Read More ›
Chinese Foreign Minister Wang Yi held a telephonic conversation with his Ukrainian counterpart, Dmytro Kuleba, with Beijing yet again calling to an end to the Russia-Ukraine conflict. The call, made at Ukraine’s request, was the first reported high-level conversation between… Read More ›
The UK government has drawn up plans for minting its own non-fungible token as a patrt of its strategy towards transforming the country into a “world leader” in the cryptocurrency area. Finance Minister Rishi Sunak has written to the Royal… Read More ›
Many global corporations have a presence in Shanghai, from Tesla’s gigafactory to a massive Disney resort. However, the normally bustling financial centre has been halted in recent days due to an increase in coronavirus diagnoses. Officials enforced a lockdown on… Read More ›
Talks of European banning Russian gas placed a lid on the rise of the Euro even as the US dollar firmed up with expectations of a rise in U.S. interest rates. The euro has been weighed down by worries of… Read More ›
As per a report from the Sunday Telegraph, Britain could build up to 7 new nuclear power stations as part of a response to energy security stemming from Russia’s invasion of Ukraine, said British Business Secretary Kwasi Kwarteng. “There is… Read More ›
As per a report by German weekly Welt am Sonntag, Berlin is weighing options to purchase a missile defence system from either the United States or Israel. The development comes in the wake of Russia launching Iskander missiles in Ukraine…. Read More ›
The World Trade Organization (WTO) has lowered its global trade growth prediction for this year due to the Ukraine conflict. The prior prediction of 4.7 percent growth has been lowered to 2.5 percent owing to “the impact of the war… Read More ›
On Friday, Indian automakers announced a strong increase in yearly sales for fiscal year 2022, but cautioned of future risks from global supply chain disruptions. Maruti Suzuki, India’s largest carmaker, reported a 13 per cent increase in sales to 1.65… Read More ›
The US economy added slightly fewer jobs than predicted in March, as the labour market tightened amid rising inflation and fears of an approaching recession. The Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 431,000 for the… Read More ›
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