In a stock exchange filing, AirAsia X Bhd said, the Malaysian high court has granted it a nine-month extension on a restraining order preventing creditors from filing any legal proceedings against it. Earlier this year in March, the Malaysian high… Read More ›
With the United Kingdom reopens its economy after the multiple Covid-19 induced lockdowns, inflation in the British economy is set to continue to rise after an unexpected rise in May when it hit 2.1 per cent and was above the… Read More ›
Consumer inflation in the euro zone increased in May as had been expected by economists because of a sharp surge in energy prices as well as more expensive services, according to data released on Thursday which pushed the pace of… Read More ›
No assistance for El Salvador’s bitcoin implementation could be provided by it because of environmental and transparency drawbacks, the World Bank said on Wednesday. “We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory… Read More ›
In a significant development, a group of U.S. Senators urged Commerce Secretary Gina Raimondo to direct her department to move faster and identify American technologies, including emerging ones, that could be misused by China, if it is exported to that… Read More ›
A truce has been arrived at between the United States and the European Union in relation to their 17 year old trade dispute involving government subsidies offered to Boeing and Airbus. The two major trading partners have agreed to remove… Read More ›
In a significant development, U.S. President Joe Biden is aiming to intensify efforts to renew transatlantic relations. On Tuesday, he will be meeting leaders from the European Union to cool off trade tensions and join forces to defeat the coronavirus-induced… Read More ›
On Tuesday, a legal adviser to Thai Airways International Pcl said, it has won court approval for a restructuring plan; the development comes when the airline is under bankruptcy protection and is seeking a turnaround of its fortunes. The Central… Read More ›
Following the G7 summit in Britain, Canadian Prime Minister Justin Trudeau said, leaders of the Group of Seven agreed to coordinate more closely in their response to the challenges posed by China. The approach of G7 countries towards China will… Read More ›
In a significant development, the G7 has put forth the vision of a grand infrastructure plan that rival’s Chinese President Xi Jinping’s multi-trillion-dollar Belt and Road initiative, which has led many countries into severe debt. The new economic plan, presented… Read More ›
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