The relations between China and Australia were already tense and it took a turn for the worst this week after Beijing announced an indefinite suspension of all activities that were being undertaken under a high-level economic dialogue with Australia –… Read More ›
Strategy
EU willing to discuss US-backed proposed to waive IPR on Covid-19 vaccines
On Thursday, in a significant development, European Commission president Ursula von der Leyen said the European Union is willing to discuss a US-backed proposal to waive intellectual property rights for COVID-19 vaccines. “The EU is also ready to discuss any… Read More ›
European Court of Justice upholds partial ban on Bayer’s pesticides linked to death of bees
In a landmark ruling on Thursday, the European Union’s top court upheld the EU’s partial ban on three insecticides linked to harming of bees, thus extending their usage on certain crops. Dismissing an appeal by Bayer, the European Court of… Read More ›
Michel Doukeris to replace Carlos Brito as CEO: AN InBev
In a significant development, Anheuser-Busch InBev CEO Carlos Brito is set to step down from the company in July; he will be replaced by the head of the company’s North America division. The development comes at a time when AB InBev,… Read More ›
US Secretary of State on Chinese investment in the West
In a statement U.S. Secretary of State Antony Blinken said, Western nations have to be very careful about the exact nature of Chinese investment in their economies. “I think we have to be very careful about exactly what the nature… Read More ›
China abruptly suspends economic dialog mechanism with Australia
On Thursday, in the latest setback to China-Australia relations, Beijing has “indefinitely” suspended all activities under a China-Australia Strategic Economic Dialogue, said its state economic planner. “Recently, some Australian Commonwealth Government officials launched a series of measures to disrupt the… Read More ›
Share Of Online Retail Sale Of Total Retail Sale Was 19% In 2020
A recently released study by United Nations shows that almost one fifth of the total retail turnover last year was accounted for online sale which was because of a boom in e-commerce due to the lockdowns imposed to prevent the… Read More ›
PMI Data Shows Strong Growth In Euro Zone Factory Activity In April
A surge in demand has propelled factory activity growth kin the euro zone to a record high in the month of April resulting in a surge in hiring according to a survey, even though there was also an unprecedented rise… Read More ›
Boeing Co faces new electrical grounding issue in best selling 737 MAX
According to two sources familiar with the matter at hand, U.S. air safety officials have asked Boeing Co to submit fresh documentation and analysis showing numerous 737 MAX subsystems would not be affected by electrical grounding issues which were first flagged… Read More ›
Bombardier sells remaining 3.1% stake in Alstom, becomes pure business jet maker
In a statement Canadian business jet maker Bombardier Inc said, it had sold its 3.1% stake in French rail giant Alstom SA for $608.4 million (506.2 million euros) through a book building process to institutional investors. It had acquired the stake as… Read More ›