In a statement Felix Bolanos, the government minister for the Spanish presidency said, the country’s authorities have detected “Pegasus” spyware in the mobile phones of Prime Minister Pedro Sanchez and Defence Minister Margarita Robles. In a news conference Bolanos said,… Read More ›
Strategy
Germany pledges $10.51 billion to help India achieve climate change goals
In a statement to the media, German Chancellor Olaf Scholz said, Germany has pledged $10.51 billion (10 billion euros) to help India achieve its climate goals following a meeting with Indian Prime Minister Narendra Modi in Berlin. Both leaders highlighted… Read More ›
Russia reroutes internet traffic in Kherson, tightens long term grip over region
In a statement NetBlocks, an internet service disruption monitor, said, Moscow has re-routed internet traffic in the occupied Ukrainian region of Kherson through Russian communications infrastructure. The move is aimed at tightening Russia’s grip on a region where it has… Read More ›
Hungary and Slovakia will be exempt from Russian oil embargo: EC
According to two EU officials, the European Commission may exempt Hungary and Slovakia from an European embargo on Russian oil, given their dependence on Russian crude. The European Commission is expected to finalise a sixth package of EU sanctions against… Read More ›
Greece lifts COVID-19 restrictions in bid to boost tourism
Ahead of the crucial summer tourist season, Greece has lifted its COVID-19 restrictions for foreign and domestic flights, said its civil aviation authority in a statement. Athens hopes to see revenues from tourism bounce back from the pandemic slump. To… Read More ›
Amazon’s Net Loss Raises The Question Of Whether It Has Created Too Many Warehouses
Amazon.com Inc has spent billions of dollars on new warehouses in recent years, slashing earnings while claiming to investors that it had no alternative but to fulfill ever-increasing consumer demand. According to observers, Amazon may have created too much, too… Read More ›
Food Prices Will Continue To Rise, Warns Asda Chairman Stuart Rose
The high cost of raw materials will result in food prices continuing to rise and remain higher “for quite some time,” according to Asda chairman Lord Rose. Many families trying to make ends meet will “suffer,” the Conservative peer said,… Read More ›
Brazilian lender acquires 11.36 stake in brokerage house XP Inc for $1.61 billion
In a statement Brazilian lender Itau Unibanco said, it has acquired a 11.36% stake in XP Inc a brokerage house, for around $1.61 billion (8 billion reais). In a securities filing, XP Inc said, the purchase does not change its governance… Read More ›
Saudi Arabia May Reduce June Crude Prices To Asia From Their All-Time Highs
Saudi Arabia, the world’s largest crude exporter, may drop prices for crude grades supplied to Asia in June after benchmarks fell from records the previous month as COVID lockdowns curtailed demand in China, the world’s largest petroleum importer, traders said… Read More ›
Supply Chain Issues And Uncertainty Over Tariffs To Slowdown U.S. Solar Industry
The solar sector in the United States is predicting a significant slowdown in project instals this year due to global supply chain issues and the potential of new U.S. tariffs on panel imports from Southeast Asia. Southern Co, a U.S…. Read More ›