In a significant development the Biden government has held talks with several international energy companies on putting in place contingency plans for supplying natural gas to Europe in the event gas supplies to Europe are disrupted because of Russian and… Read More ›
Regulations & Legal
US Judge Orders Jailed ‘Pharma Bro’ Martin Shkreli To Repay $64m
Martin Shkreli, a former executive of a drug company who is accused of having ordered an astronomical surge in the price of a life-saving medicine, has been ordered to be excluded from the industry for the rest of his career and is… Read More ›
UK And India Begin Negotiations On A Possible Free Trade Agreement
Representatives of the Indian and British government ended the first day of discussions over a potential free trade agreement in New Delhi. The goal is to sign a deal before the end of the year that will increase trade and… Read More ›
Record Trade Surplus Posted By China In Dec And 2021 With Surge In Exports
China’s exports surpassed forecasts during a global pandemic, resulting in a record surplus in trade for the country in December and for the entire of 2021. However, some analysts predict a downturn in overseas shipments in the next few months. According to figures… Read More ›
Massive cyberattacks hits Ukraine, warns expect the worst
On Friday, Ukraine was hit by a massive cyberattack. Russia has also released footage of more forces being deployed on Ukraine’s border in a drill. These developments come at a time when no breakthrough agreement was reached between Russia and… Read More ›
Europe at greatest risk of war in 30 years: Poland’s foreign minister Zbigniew Rau
In a statement Polish foreign minister Zbigniew Rau warned, Europe is closer to war than it has been in the last 30 years. The warning comes at a time after a third round of diplomacy aimed at defusing tensions over… Read More ›
Pandemic Risk Models Being Adapted By Insurers After Surge In Claims In 2021
Following a more than anticipated surge in Covid-19 claims in 2021, life insurers are predicting a five-year-long pandemic and more variants that are even more transmissible. According to a report released by insurance broker Howden, the global life insurance industry was hit… Read More ›
European Airlines Forced To Fly Almost Empty Flights This Winter To Hold On To Their Airport Slots
European airlines are being forced to fly nearly empty passenger flights this winter in order for the airlines to keep prized take-off and landing sites at airports at a time when the demand for air travel is quite low. At… Read More ›
A Free Trade Deal With India In 2022 Would Be A Relief For The UK
For the United Kingdom, trade talks with India are not completely comfortable. However, with no progress on a free trade agreement with the United States and none expected in the near future, the formal initiation of trade discussions with India,… Read More ›
Chinese real estate market in dire straits
All is not well with China’s economy. Cash-strapped Chinese developers are scrambling to negotiate new terms with their bondholders to avoid defaults, with Yuzhou Group and the Shimao Group being the latest case in point of Chinese developers seeking extensions on their… Read More ›