In a statement, Goldman Sachs’ merchant banking unit and Wellcome Trust, a medical charity, stated they have agreed to sell iQ, a British student accommodation company to Blackstone for $6.06 billion (4.66 billion pounds). Outside of North America, Britain is… Read More ›
Regulations & Legal
Global Central Bankers Examining The Economic Impact Of Coronavirus Outbreak
Soon after the novel coronavirus was detected and confirmed in China on Dec December 31, the central bankers of the world created a comforting early analysis of its impact by referring to past experiences. The bankers referred to the 2003… Read More ›
EU To Provide Level Playing Field For Its Firms To Rival US And Chinese Tech Giants
Europe is now planning to catch up with the United States and China in the area of technologies that dominated the past decade as it feels that it had been left behind in the technology race. The current aim of… Read More ›
Shell Predicts Doubling Of Demand For Liquefied Natural Gas By 2040
Royal Dutch Shell’s annual LNG Outlook report shows a 12.5 per cent rise in global demand for liquefied natural gas, or LNG, last year touching a total of 359 million tons. Shell has predicted that natural gas set to play… Read More ›
Coal Miner Glencore Promises To Reduce Carbon Emissions By 30% By 2035
While unwilling to set any form of climate targets for the company, the mining giant Glencore has claimed that it expects to reduce about 30 per cent of its carbon footprint by 2035. This, according to the company, will be… Read More ›
Japan To Conduct Trials With HIV Drug To Fight Coronavirus
Japan is facing a threat to its economy as well as for its public health system because of the growing number of cases of coronavirus infections in the country. As a measure to try and mitigate this threat, Japan is… Read More ›
EU Companies Reveal Little Data For Non-Financial Reporting, Finds New Study
Companies in the European Union are revealing very little data about what they are doing on non-financial issues such as climate change and human rights performance, claimed a new report released by the Alliance for Corporate Transparency. According to the… Read More ›
$4 Billion Fund Created By Singapore To Help Out Firms And Households Hit By Coronavirus
Business and households that have been hit by the ongoing coronavirus outbreak in Singapore will be helped by the government which has set aside a total of 5.6 billion Singapore dollars or $4.02 billion in reserves for the purpose for… Read More ›
UK companies have to spell out financial impact of coronavirus in annual reports: Britain’s financial watchdog
On Tuesday, Britain’s accounting watchdog stated, companies should disclose the financial impact that China’s coronavirus will have on their businesses, if any. Annual reports for 2019 are due and companies are required by law to disclose the main risks and… Read More ›
Britain To Host Chinese Firm ‘Implicated’ In Human Rights Abuses Of Uighur Minority In China
A Chinese Chinese surveillance company that was “implicated” by the United States and subsequently blacklisted by it for its gross violation of human rights violations in China’s efforts to deal with the Uighur Muslim minority uprising will be promoted by… Read More ›