In a development that marks China capitalizing on the coronavirus-driven COVID-19 pandemic, the Chinese government has made an investment in BGI Genomics Co, a Chinese listed company that supplies millions of COVID-19 tests globally. BGI is seeking to fund exponential… Read More ›
Strategy
United Airlines only airlines which operates Pratt & Whitney PW4000 engines
The U.S. Federal Aviation Administration has issued an emergency airworthiness directive following an engine failure on a United Boeing 777 in Denver, requiring immediate or heightened inspections of similar planes. In a statement late on Sunday, FAA Administrator Steve Dickson… Read More ›
China appeals to reset U.S.-China relations
In a significant development that underscores the fact that the previous Administration efforts aimed at countering China’s exploitive trade practices have indeed hit their targets, senior Chinese diplomat Wang Yi has called on the Biden Administration to reopen dialogue with… Read More ›
Activist investors want Kohl’s to optimize inventory levels, and asset holdings, nominate 9 directors to board
According to a report from the Wall Street Journal, a group of activist investors who have a stake of around 9.5% in Kohl’s Corp is attempting to take control of the department store chain’s board. The activist investors include Ancora… Read More ›
Study Claims A Billion Doses Excess Covid-19 Vaccine Doses Being Hoarded By Rich Countries
According to a new study, one billion more doses of the available Covid-19 vaccines than their citizens need have been purchased by the richest countries of the world which would mean that people from poorer countries will probably not be… Read More ›
Paris Agreement Officially Rejoined By The US
The Paris Agreement on climate change has not formally been rejoined by the United States. The agreement was formed to tackle the problem of global warming so that the potentially catastrophic impacts of it can be avoided. According to the… Read More ›
Corporate taxes will be gradually raised to 23% in coming years: British Finance Minister
In a significant development, the Sunday Times reported, British finance minister in the upcoming budget in March, Rishi Sunak is likely to raise taxes on businesses to pay for the Government’s COVID-19 support schemes. During his March 3, 2020 speech,… Read More ›
Cease-Fire In Transatlantic Trade War Was Urged By Airbus CEO
An urgent call for a “cease-fire” in the on-going trade spat between the European Union and the United States over aircraft subsidies was given by the head of European plane maker Airbus on Saturday. The company said that the damage… Read More ›
Bitcoin Touches New Record High As Its Market Cap Surges Past $1 Trillion
Investors in bitcoin apparently unheeded warnings by analysts that the crypto currency is an “economic side show” and is a poor hedge for the drop in stock prices as the market capitalization of the virtual currency hit a value of… Read More ›
Mark Carney, former head of UK and Canadian central bank, joins fintech Stripe Inc’s board
In a significant development, Mark Carney, the former head of the UK and Canadian central banks, has joined Stripe Inc’s board of directors. The development comes in the wake of the company reporting that it plans on a funding round… Read More ›