China, the second largest economy of the world, was expanding at a quarterly rate of 6.5 per cent in November last year when the United Kingdom was going into a second lockdown and its economy was contracting. Recent data has… Read More ›
Strategy
US Set To Import Record Canadian Oil Even If The Keystone XL Project Is Shelved
The new president of the United States has shelved the Keystone XL pipeline project on his first day at office but despite that the US has been able to position itself to pull in record imports of Canadian oil in… Read More ›
Non-performing assets rise by more than 50%, Chinese banks write-off $466.6 billion in 2020
On Friday, in a statement, China’s top banking and insurance regulator said, the sector has written off $466.6 billion (3.02 trillion yuan) in non-performing assets in 2020, up by more than 50% from a year ago. At the end of… Read More ›
Senate should approve Biden Administration’s push for U.S. rejoining Paris Agreement: Republicans
With U.S. President Joe Biden signing an executive order which sees the United States rejoining the Paris climate agreement, a group of Republican senators called on him to submit his plan to re-engage the United States in the landmark accord…. Read More ›
India’s IndiGo Airlines Quickly Recovers From Pandemic Hit, Eyeing Foreign Growth
Boosted by a fast recovery of the domestic aviation market of India to almost 80 per cent of the pre pandemic levels, as well as by its financial strength used for enhancing its market share even as rivals are struggling,… Read More ›
UAE signs deal with US to buy 50 F-35 fighter planes, 18 armed drones
According to sources familiar with the situation, the United Arab Emirates has signed a deal with the United States to buy 50 F-35 fighter jets and up to 18 armed drones. Both countries were working to ink the deal before… Read More ›
EU member states empowered to non-EU passengers from entering country, part of German proposal to contain COVID-19
On Thursday, according to a report from the Times newspaper, a German proposal could see European governments allowing a ban on all UK residents from entering their respective countries along with cutting off all passenger transport links with Britain. The… Read More ›
Alibaba’s Jack Ma Appears In Online Meet In His First Public Appearance In Three Months
Setting aside months of speculation of where Alibaba Group founder Jack Ma was after he was not seen on a public platform for months, the Chinese billionaire appeared on a public platform through a video meeting with 100 rural teachers… Read More ›
Europe and America should build new transatlantic founding pact: European Council President Charles Michel
In a significant development, the European Union called on incoming U.S. President Joe Biden to form a “new founding pact” with Europe and collaborate on a wide range of issues including security, freedom, peace, prosperity, and human rights. “Today is… Read More ›
U.S. hedge fund Elliot Management closes Hong Kong Office
U.S. hedge fund Elliott Management will be closing its office in Hong Kong. It has shifted responsibility for Asian investment decisions to London and Tokyo in the last three years. According to a source familiar with the matter at hand,… Read More ›
