Countries that have already achieved high rate of vaccination against Covid-19 were urged by the International Monetary Fund Managing Director Kristalina Georgieva and other multilateral-organization leaders to increase their efforts to deliver more doses of the vaccines to low and… Read More ›
Regulations & Legal
China applies to join the CPTPP
In a statement China’s Commerce Ministry said, China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The Chinese move is aimed at bolstering its clout in global trade. The application was made by… Read More ›
Federal Housing Finance Agency tweaks capital and leverage requirements for Fannie Mae and Freddie Mac
In a statement, the Federal Housing Finance Agency, a regulator which oversees housing giants Fannie Mae and Freddie Mac, has proposed changes to recently imposed capital and leverage requirements on the pair, which aims to encourage the pair to shift… Read More ›
Zara Owner Inditex Report Quarterly Profits Higher Than Pre-Pandemic Levels
The second quarter sale of fashion brand Zara owner Inditex rose above its pre-pandemic levels, outpacing its Swedish rival H&M, as both firms bounced back from the pandemic crisis. With more stores of Inditex, the biggest fashion retailer of the… Read More ›
Two Data Privacy Investigations Launched Against TikTok By Its Lead EU Regulator
Two inquiries have been opened by the lead data privacy regulator for the Chinese owned short video sharing app TikTok within the European Union over the manner I n which the company processes children’s personal data and whether it transfers… Read More ›
Biden taps privacy advocate Alvaro Bedoya for FTC
In a statement the White House said, President Joe Biden will nominate Georgetown University law professor, a privacy advocate, to the U.S. Federal Trade Commission. “It is the honor of my life to be nominated to serve on the FTC…. Read More ›
China’s first narrowbody jet C919 enters final assembly phase
In a statement, China aviation regulator said, its first narrowbody jet, the C919 will be delivered to its launch customer, China Eastern Airlines and that it is about to enter final assembly. Deliveries will commence before the end of the year…. Read More ›
UK should flip business tax on its head: Confederation of British Industry
In a statement the Confederation of British Industry has urged British finance minister Rishi Sunak to not raise taxes and instead offer assistance to meet challenges stemming from COVID-19, climate change and Brexit. Sunak is scheduled to make major budget… Read More ›
France Raises Bird Flu Outbreak With The Virus Spreading Again In Europe
A bird flu alert has been raised by France after severe cases of the virus were discovered in backyard chickens in the northeast part of the country. This was in addition to the cases in neighbouring Belgium and Luxembourg. The… Read More ›
UK Economy Barely Grew In July Due To Spread Of Delta Variant Of Covid-19
Official data from the United Kingdom released on Friday showed that the country’s economy barely grew in the month of July as the Delta variant of Coronavirus had spread rapidly within the after the lifting of lockdown restrictions. According to… Read More ›