German Chancellor Olaf Scholz said, his government would make Germany, Europe’s biggest economy, fit for the future and vowed it would leave no one behind in this major transformation of the economy. Vowing increased investments in climate protection and digitalization… Read More ›
Regulations & Legal
Eight Chinese companies, including DJI, to be placed on Entity List
As per a report from the Financial Times, the U.S. Treasury is slated to place 8 Chinese companies including DJI, on the Entity List, for alleged involvement in surveillance of the Uyghur Muslim minority. With the move the Biden Administration… Read More ›
Israel-UAE hold historic meeting, Iran continues to be in focus
In the first ever public meeting, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan played host to Israel’s prime minister Naftali Bennett, following the formalisation of Israel-UAE ties in 2020. Ahead of the talks, Israeli ambassador to Abu Dhabi… Read More ›
US Space Force conducts space war simulations to test resilience of US satellite communication networks
Weeks after Russia shot down an ageing communication satellite, the United States has begun testing the resilience of its satellite communication networks in order to deter threats from China and Russia. The computer-aided simulations included potential shooting down of U.S…. Read More ›
Biden Administration orders immediate stop in financing new carbon intensive fossil fuel projects overseas
According to US diplomatic cables, the Biden Administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects abroad and prioritize global collaborations towards clean energy technology. The move is aimed at ending US financial support… Read More ›
Britain considering all options if Russia invades Ukraine
In a significant development, British foreign minister Liz Truss said, Britain is considering all options in the event of a Russian invasion of Ukraine. She highlighted the fact that Britain has used economic sanctions in the past to send diplomatic… Read More ›
SenseTime postpones $767M Hong Kong IPO
On Monday, in a statement Chinese artificial intelligence start-up SenseTime Group said, it has postponed its $767 million initial public offering (IPO) in Hong Kong. The development comes after the United States placed it on its Entity List. Sensetime also… Read More ›
Global M&A Boom Prompted Surge In Insurance Rates
Following a surge of deal making throughout the world during the Covid-19 epidemic, the cost of insurance to cover situations involving M&A has nearly quadrupled in only two years, according to underwriters and brokers. Potential buyers purchase insurance to protect… Read More ›
South Africa Has Not Yet Witnessed Any Indications Of Enhanced Omicron Severity
South African experts said on Friday that there is no evidence that the Omicron coronavirus variant is causing more severe sickness, as government announced preparations to provide vaccination boosters as daily infections hit an all-time high. Late last month, South Africa… Read More ›
Biden pledges increased military support to NATO following Russian troop buildup near Ukrainian border
U.S. President Joe Biden has promised NATO members countries in central Europe of heightened military support following concerns of a Russian troop build-up near the Ukrainian border. Biden has also reassured its allies that Washington would not reach any agreement… Read More ›