In a significant development, the leader of the AFL-CIO, the largest U.S. labor federation, has called on the Biden Administration and the U.S. Congress to not import solar products from China’s Xinjiang region over human rights violations. In letters to… Read More ›
Sustainability
Huawei Looks At New Business To Boost Revenues Following US Sanctions
The Chinese telecommunications giant Huawei Technologies Co is looking to venture into less glamorous business alternatives which can eventually help the company to offset the fall in the revenues from its biggest revenue contributor – its smartphone business, after the… Read More ›
US Still Top Arms Exporter As It Increased Market Share In 2016-2020
The sale of weapons for the period between 2016 and 2020 has been more or less stable compared to the previous five years globally, showed data from a Sweden-based research institute. A decline in arms sales from Russian and Chinese… Read More ›
Taiwanese firms in Myanmar fly Taiwanese flag to distinguish from Chinese financed companies facing brunt of public anger
Rising public anger in Myanmar against China, which is viewed as being supportive of the military junta has led Taiwan’s de facto embassy in Myanmar advised its companies that operate in the country to fly its flag so that they… Read More ›
Singapore-Australia discussing possible air travel bubble
In a statement Singapore’s foreign ministry said, it is in discussion with Australia on introducing the possibility of an air travel bubble that allows residents to travel between the two countries without requiring them to be quarantined. “Singapore is discussing… Read More ›
Exit of high carbon industries likely to heighten systemic risks in financial markets: PBOC official
On Monday, in a statement state-owned Shanghai Securities News said citing a central bank official, with high-carbon industries pulling out of China is likely to lead to a possible re-evaluation of invested financial resources; it is also likely to strengthen… Read More ›
UK Exports To European Union Drops By 41% In January Due To Brexit
With British companies struggling with the new terms of trade following Brexit, the exports of the country collapsed in January. In the in its first month that it was completely outside the bloc, the United Kingdom reported a drop of… Read More ›
Third Wave Of Covid-19 Hits Germany While Italy Planning Easter Lockdown
A third wave of the Covid-19 pandemic has already started in Germany, warned the head of Germany’s public health agency earlier this week. This warning came at a time when lockdown restrictions were being gradually relaxed across the country even… Read More ›
Bitcoin’s Value Zooms Past $60,000 For First Time
The record breaking surge in its price is continuing with the crypto currency bitcoin as this virtual currency surged past the $60,000 mark for the first time. The recent surge in the value of bitcoin – which has risen by… Read More ›
GM To Make Batteries In Joint Venture With Lithium Metal Battery Startup
United States based auto maker General Motors Co is targeting to boost its battery development capacity so that it can offer a higher single charge driving range for its electric cars in a smaller package and is set to start… Read More ›