The Chinese government would now be able to act against those countries that abuse export controls to cause harm to the economic interests of China by passing a new law that will allow the government to restrict exports of controlled… Read More ›
Strategy
ECB’s Panetta Says Euro Zone Recovery Delay Risk Due To Second Pandemic Wave
The recovery of the euro zone from the deep recession could be derailed in the event of a large second wave of the novel coronavirus pandemic which makes it more important to announce ultra-easy monetary policy, said Fabio Panetta, a… Read More ›
U.S. Treasury Secretary Steven Mnuchin to lead U.S. delegation to Israel, UAE and Bahrain
In a statement the U.S. Treasury Department said, Treasury Secretary Steven Mnuchin will lead a U.S. delegation to Israel, Bahrain and the United Arab Emirates on October 17 to 20. The visit comes in the wake of the UAE and… Read More ›
Citadel Securities sues SEC over IEX’s “D-Limit” order
In a significant development, Citadel Securities has sued the Securities and Exchange Commission (SEC) over its decision to approve a new mechanism for trading stocks at IEX Group Inc. “The SEC failed to properly consider the costs and burdens imposed… Read More ›
US Is ‘Abusing Power’ By Arm Twisting TikTok, Alleges China
The administration of the United States President Donald Trump was abusing “national power” by trying to ban TikTok, China has accused, even as a stay on the execution of a ban on the short video sharing app was given by… Read More ›
EU Will Keep Persisting With Talks With Britain For A Brexit Deal
Agreement on an extension of negotiations with Britain was arrived at by the European Union leaders for a striking a trade deal after Brexit, talks for which are to be held within the next few weeks, with the main aim… Read More ›
Almost 90% Of Workers Want To Have Option To Work From Home: Cisco Survey
A new study from Cisco Systems has revealed that after the easing of restrictions on workplaces due to Covid-19, 90 per cent of the workers want to be able to choose whether to work from home or the office and… Read More ›
Blackstone divests BioMed Realty for $14.6 billion
In a statement the Blackstone Group said, its unit Blackstone Real Estate Partners along with co-investors have agreed to divest BioMed Realty for $14.6 billion to a group led by existing BioMed investors. In 2015, Blackstone had acquired BioMed Realty,… Read More ›
European Union to impose tariffs on Chinese on aluminum extrusions
In a statement, the European Commission stated, the European Union will impose duties of up to 48% on imports of aluminum extrusions from China, citing exports of the same at unfairly low prices. According to an EU official, duties, ranging… Read More ›
Microsoft signs MOU with Equinor for undersea carbon dioxide storage facility
In a significant development, Microsoft Corp has signed a memorandum of understanding with Norway’s Equinor to explore the use of a carbon dioxide storage facility with Microsoft seeking to significantly reduce its carbon footprint. In January, Microsoft, the world’s largest… Read More ›
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