On Tuesday, Zoomo, a startup that designs and sells commercial grade e-bikes for online deliveries said, it had raised an additional $20 million in its latest funding round to fund its European expansion and grow its software and engineering teams…. Read More ›
In a statement Mercedes-Benz said, it expects its factories to exclusively produce electric vehicles (EVs) from the second half of this decade; however, it will steer clear of building EV-only plants but instead keep production lines flexible, in line with market… Read More ›
The global supply of natural diamonds has reached its highest point and it is likely to stay constant over the next several decades, according to the CEO of mining behemoth De Beers. The executive of the global diamond seller also predicted that the industry will expand… Read More ›
Covid-19 was discovered in samples obtained from the packaging of frozen beef imported from Brazil and frozen pig skin imported from Poland in Hong Kong, according to the city’s regulators, who promised to increase food inspections. The global financial center follows mainland China’s… Read More ›
According to a senior official from US defense giant Lockheed Martin, Thailand’s interest in the F-35 stealth fighters is genuine, clearance to purchase the jets however is a matter for the U.S. government. Speaking on the sidelines of the Singapore… Read More ›
In a statement Goldman Sachs said, its Private Wealth Management division had opened up a new office in the high net-worth hub of Monaco as part of broader European expansion plans. To this end, it has hired Arnaud Caussin, Thibaut Lambert… Read More ›
Swiss banking giant Credit Suisse was dragged into a dirty money scandal following news reports of the Swiss bank managing the funds of human rights abusers, fraudsters and businessmen who had been placed under sanctions. A source had leaked information on… Read More ›
U.S. President Joe Biden has signed an executive order prohibiting trade and investment by U.S. individuals in the two breakaway regions of eastern Ukraine which have been recognized by Russia as being independent, said the White House. The executive order… Read More ›
On Tuesday, Japan said it is ready to join the United States and allied nations in imposing economic sanctions against Russia, in the event Russia President Vladimir Putin orders an invasion of Ukraine, The statement from Japan, the world’s third… Read More ›
Following Russia’s move to recognize two breakaway regions in Ukraine, the United States has begun coordination with allies and is slated to announce new sanctions on Russia. “… the United States will impose sanctions on Russia for this clear violation… Read More ›
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