Britain lifted a four month COVID-19 lockdown on Monday giving 65 million people a measure of freedom that was earlier curtailed by the Coronavirus-induced COVID-19 pandemic which began in Wuhan, China in late 2020. The British will now be able… Read More ›
Regulations & Legal
Freezing public listed company assets of Hong Kong tycoon Jimmy Lai a wake-up call to global investors: Taiwan
On Saturday, in a statement aimed at international investors, Taiwan warned of the very real dangers of doing business in Chinese-controlled Hong Kong after the city state decided to freeze the media assets of Chinese tycoon Jimmy Lai, who has… Read More ›
Department of Homeland Security approves Jones Act waiver request to ease oil supply constraints
In a significant development, the U.S. Department of Homeland Security has approved a Jones Act waiver request to an individual company in response to Eastern Seaboard oil supply constraints, said Secretary Alejandro Mayorkas. “This waiver will help provide for the… Read More ›
EPA waives environmental rule to ease fuel shortage in 12 states
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 ›
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 ›