On Wednesday, a report from Japan’s Yomiuri newspaper stated, the government is weighing options which include tightening regulation on foreign funds which have stakes in domestic firms in important technology sectors such as defense and the nuclear industry. With the… Read More ›
Regulations & Legal
UNESCO Recommends Putting Great Barrier Reef On The ‘In Danger’ List
According to a recommendation from officials of the United Nations, it is imperative that the Great Barrier Reef needs to put on to a list of world heritage sites that are classified as to be “in danger”, while also prodding… Read More ›
Chinese Banks Directed To Stop Supporting Cryptocurrency By The Country’s Regulators
Chinese authorities have directed banks and payments platforms to not provide any more support to digital currency transactions as the country clamps down further on crypto currencies. This latest direction was preceded by an order on Friday for shutting down… Read More ›
Combined-Antibody Therapies Found Effective Against Covid-19 Variants, Says New Study
The Washington University School of Medicine in St. Louis reported on Monday that a cocktail of two types of antibodies used as a therapy for Covid-19 was found to be working well against a wide range of variants of the… Read More ›
Britain Starts Talks To Potentially Join The Trans-Pacific Trade Deal CPTPP
Negotiations for joining a trans-Pacific trade deal was started by Britain as it views the deal as crucial for its to end its dependence on the European Union in the post-Brexit era and shift towards markets that are geographically more… Read More ›
Australia drags China to WTO over economic coercions
In a statement, Australia’s Foreign Minister Marise Payne said, with Canberra dragging Beijing to the World Trade Organisation over the latter imposing anti-dumping duties on wine exports, bilateral negotiations is expected to commence. Last week, the Australian government filed a… Read More ›
Biden scheduled to meet financial regulators on Monday
U.S. President Joe Biden is scheduled to meet financial regulators on Monday for an update on the country’s financial systems and institutions, said press secretary Jen Psaki in a statement. “The meeting will cover regulatory priorities including climate-related financial risk and… Read More ›
UK Consumers Emerging From Lockdown Spend On Food Causing Dip In UK Retail Sales
According to official data form the United Kingdom, there was an unexpected drop in retail sales in the country in May as people came out of their homes after the lifting of lockdown restrictions and were seen spending money in… Read More ›
Ireland Seeks A ‘Compromise’ On The 15% Global Tax Plan Of The G-7
While recognizing “the role of legitimate tax competition”, Ireland, which is the European headquarter of tech giants like Apple and Google, is trying to come to a compromise over global taxation, said the country’s finance minister in an interview to… Read More ›
Indonesia’s flagship carrier Garuda Indonesia defaults on$500 million sukuk
In a statement Indonesia’s flagship carrier, Garuda Indonesia said, it could not distribute coupon payments for its $500 million sukuk after a 14-day grace period, with the airline’s finances still significantly impacted by the coronavirus pandemic. “Under these circumstances, and… Read More ›