In a significant development, in a report The Mail said, loyal members of the Chinese Communist Party have infiltrated some of the UK’s leading companies, as well as universities and the British consulates. The Mail’s report is based on a… Read More ›
Regulations & Legal
Policy shift as Britain pledges to stop direct government support for overseas fossil fuel projects
In a statement the office of British Prime Minister Boris Johnson said, it will pledge to end direct government support for overseas fossil fuel projects at a U.N. summit at a move aimed at tackling climate change. Britain will be… Read More ›
Covid-19 Stimulus Package Finally Approved By EU Leaders After Veto Lifted By Hungary And Poland
The European Union has finally ended the impasse over the much-needed stimulus package for Covid-19 which means that access to a historic level of funding will soon be available for cash-strapped countries. In July, the European countries agreed to raise… Read More ›
British PM Johnson Says No-Trade Deal Brexit ‘Very Very Likely’
British Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen said on Friday that it is likely that the exit of the former from the European Union on January 1 next year will happen without a deal… Read More ›
BoE does not foresee Brexit related market disruptions threatening UK’s financial stability
On Friday, Britain’s central bank, the Bank of England, took steps to keep inter-bank lending rates steady through 2021 as Britain negotiates its trade relationship with the European Union. In a statement, Bank of England Governor Andrew Bailey said, Britain… Read More ›
Chinese member of Bloomberg detained by plain clothes official on suspicion of endangering national security
On Friday, Bloomberg reported that Chinese authorities have detained a Chinese staff member who worked for Bloomberg news bureau in Beijing. He was detained on suspicion of endangering national security, said the report. Haze Fan was seen escorted from her… Read More ›
China leverages COVID-19 – only major economy to recover from pandemic, auto sales surge
On Friday, China’s industry body stated, vehicles sales in the country is set to touch 25 million units in 2020. The development underscores the interesting phenomena in the world’s biggest vehicle market where the auto industry has recovered from the… Read More ›
UK Regulator Advices Not Giving Pfizer Covid-19 Vaccine To Individuals With History Of Allergy
The vaccine against the novel coronavirus that has been developed by Pfizer and BioNTech should not be given to those people who have a history of “significant” allergic reactions, directed the drug regulator of the United Kingdom earlier this week…. Read More ›
US Lawmakers Sue Facebook Over Anti-Competition Business Practices
The largest social media company Facebook has been sued by federal regulators of the United States and more than 45 state prosecutors over charges that the company had illegally purchased rivals to muzzle competition. These lawsuits are amongst the… Read More ›
BlackRock expands coverage of climate-related issues to 90% of holdings
On Thursday, ahead of its upcoming shareholder meeting, BlackRock said it would more than double the number of companies it engages with over climate-related issues to more than 1,000 while laying out stronger goals on other fronts for portfolio firms… Read More ›