With China trying to tackle a surge in Covid-19 cases and grappled with the ongoing shipping crisis, the economy of the country slowed down in August. An official survey denoting manufacturing activity dropped to 50.1 in August compared to 50.4… Read More ›
Regulations & Legal
Data To Evaluate Covid-19 Booster Shots For General Population Is Limited, Says CDC Scientist
There is limited data available that can be used for proper evaluation of the need for Covid-19 vaccine booster shots for the general population, said a CDC scientist. There is pressure on American health officials by President Joe Biden to… Read More ›
KMS Financial Services, Cetera entities and Cambridge Investment Research agree to pay fines for non-compliance to SEC cybersecurity policies and procedures
In a statement the U.S. Securities and Exchange Commission (SEC) said, the units of three broker-dealer and investment advisory firms have agreed to pay hundreds of thousands of dollars in penalties to settle charges over cybersecurity failures. The SEC had… Read More ›
Reports Of Talks With Tesla Pushes Share Price Of Indian Auto Parts Makers
Following reports in the local media about the United States based electric car maker Tesla holding talks with at least three auto parts suppliers of India to decide on sourcing critical parts for its cars for an anticipated entry of… Read More ›
Economists Fear A Slowdown In Australian Q2 Economy Even Before The Delta Hit
Australian economy is likely set to fall into a vicious contraction in the third quarter as the economy was likely already slowing down prior to the imposition of wide scale coronavirus restrictions which closed down business and jobs. If the… Read More ›
UK Germany, Netherlands agree on common G7 approach on Taliban
In a statement British Prime Minister Boris Johnson’s office said, Prime Minister Boris Johnson and German Chancellor Angela Merkel have discussed the situation in Afghanistan and agreed on the need for a common approach by the G7 as well as… Read More ›
Musk Reportedly Expresses Competition Concern Over Nvidia-Arm Deal
The planned acquisition of the British semiconductor designing company Arm by Nvidia Corp could present competition issues, indicated Tesla chief executive Elon Musk, according to a report published by the Telegraph reported on Saturday. The report stated that opposition to… Read More ›
July Retail Sales In Australia Decline, Analysts Expect Shrinking Of Economy
With government imposing lockdowns because of rising Covid-19 cases forcing shutting down of stores and services in the largest city of Australia which was partly responsible for a plunge in retail sales in the country in July. According to analysts,… Read More ›
$500 Mln Raised By Geely’s EV Brand Zeekr In Its First Finding Round
With significant interest from investors including Intel, battery maker CATL and online entertainment firm Bilibili, the premium electric vehicle brand by Geely, Zeekr, raised as much as $500 million from its first external funding round. The total stake of the… Read More ›