Despite making a combined $32 billion loss excluding special items, the airline industry of the United States stull ended 2020 with a lot of cash at hand. At the end of 2020, there was $31.5 billion in cash on their… Read More ›
Regulations & Legal
With Carmakers Struggling With Shortage, Auto Chip Production Ramped Up By TSMC
Amid a global shortage of chip, one of the market leaders of the industry the Taiwan Semiconductor Manufacturing Co Ltd (TSMC) has said that it is “expediting” auto-related products through its wafer fabs while also reallocating wafer capacity. The worst… Read More ›
Porsche AG setting up assembly plant in Malaysia
According to a report from The Edge Weekly, German sports car maker Porsche AG is setting up an assembly plant in Malaysia under a partnership with Sime Darby Bhd’s automotive business. The report citing sources said, the luxury car maker… Read More ›
Japan’s Financial Services Agency conducting survey on regional economies to gauge impact of new curbs
According to four sources with direct knowledge of the matter at hand, Japan’s banking regulator is conducting a survey on regional lenders to gauge how new curbs imposed earlier this year in January to help mitigate the effects of the… Read More ›
Record High Of $1,700 For Ether, The Second-Largest Cryptocurrency Of The World
With the virtual currency bitcoin rising to historic high, other crypto currencies too gained on its back. During the weekend, the value of the crypto currency ether touched a new all-time high as it went past the $1,700 mark for… Read More ›
Tough Position Taken By China’s Diplomat In First Telephonic Call With New US Secretary Of State
The blame for pushing the bilateral relationship between the United States and China to its lowest point in decades was squarely put on Washington by China’s top diplomat in his first phone call with new United States Secretary of State… Read More ›
Slow Job Growth In The US With Covid-19 Stalling Recovery
With the Covid-19 pandemic continued to disrupt economy recovery in the United States, just 49,000 jobs were added in the country in January. Employment was hit at retail stores, restaurants, casinos and hotels because of continued losses which was described… Read More ›
An African And A Woman Is Set To Be The WTO Chief For The First Time
The first woman and the first woman and the African to head the World Trade Organization would be Nigeria’s Ngozi Okonjo-Iweala. Her candidature to the top post of the global trade regulating body was confirmed after the withdrawal of the… Read More ›
South Korea unveils plan to build world’s largest offshore wind farm for $43 billion
In a significant development, South Korea has unveiled a plan to build the world’s largest wind power plant by 2030 at a cost of $43.2 billion (48.5 trillion won) as part of broader efforts to foster an sustainable-friendly economic recovery… Read More ›
UK Revokes Broadcast License Of Chinese State-Owned News Channel CGTN
The broadcasting license of China Global Television Network, or CGTN has been revoked by regulators in the United Kingdom. After an investigation “concluded that the license is wrongfully held by Star China Media Limited”, the Chinese state-owned channel’s license had… Read More ›
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