U.S. environmental regulators have issued emergency fuel waivers to help alleviate shortages in reformulated gasoline in 12 states and the District of Columbia. The supply of fuel has become constrained five days after a cyberattack shuttered the country’s biggest pipeline…. Read More ›
Regulations & Legal
BioNTech expands vaccine manufacturing network to Singapore
On Monday BioNTech issued a statement saying it plans on setting up a regional headquarters in Singapore where it will also build its new manufacturing site for vaccines based on messenger RNA technology (mRNA). The development sees the company expanding… Read More ›
Australian casino operator Star Entertainment Group makes $7 billion acquisition bid for Crown Resorts Ltd
On Monday, Australian casino operator Star Entertainment Group proposed an all-stock acquisition of larger rival Crown Resorts Ltd in a deal that valued at $7 billion (A$9 billion); the deal sees Star Entertainment Group tying up with two private equity… Read More ›
Second referendum a matter of when not if: Scottish leader Nicola Sturgeon
In a development with potentially big consequences, Scottish leader Nicola Sturgeon has told British Prime Minister Boris Johnson that a second referendum on independence was inevitable following a resounding election victory by her party. Johnson’s Conservative Party is strongly opposed… Read More ›
Unexpected Surge In Chinese Export In April As US Recovers And India Stalls
With a growth in demand because of a fast rebound of the United States economy from the Covid-19 pandemic hit, there was an unexpected surge in the exports of China last month. The global export market of China was also… Read More ›
EU’s Draft Summit Statement Shows It Seeking India’s Support For Plastics Treaty
A draft statement prepared for a virtual summit shows that India will be asked to join the efforts of the European Union to create a global treaty on plastic pollution. “The EU invited India to consider endorsing the Leaders’ Pledge… Read More ›
SEC weighing introduction of new trading rules addressing trading and corporate climate risk disclosures
In a significant development, the new chairman of the U.S. securities regulator told U.S. lawmakers that the agency was weighing options which include the creation of new trading rules to address issues raised by this year’s GameStop Corp trading saga… Read More ›
Germany lays out roadmap towards green aviation fuel
In a significant development, German Chancellor Angela Merkel’s government has agreed with the aviation industry and regional authorities on a roadmap for the development and use of “green” aviation fuel. The aim of the plan is to ensure that starting… Read More ›
Economic Dialogue With Australia ‘Indefinitely’ Suspended By China
The relations between China and Australia were already tense and it took a turn for the worst this week after Beijing announced an indefinite suspension of all activities that were being undertaken under a high-level economic dialogue with Australia –… Read More ›
EU willing to discuss US-backed proposed to waive IPR on Covid-19 vaccines
On Thursday, in a significant development, European Commission president Ursula von der Leyen said the European Union is willing to discuss a US-backed proposal to waive intellectual property rights for COVID-19 vaccines. “The EU is also ready to discuss any… Read More ›