As it tries to ward off Chinese diplomatic and trade pressure on Lithuania, Taiwan has announced the establishment of a $200 million fund to invest in the Baltic state. Taipei has stated that it plans to make its first investment… Read More ›
Sustainability
GM’s BrightDrop signs EV supply deal with Walmart Inc and FedEx Corp
In a statement General Motors Co said, its electric commercial vehicle business, BrightDrop, has signed a deal to supply EVs with Walmart Inc and has expanded its supply agreement with FedEx Corp. It did not announce the financial terms of the… Read More ›
Chinese foreign minister Wang Yi visits Kenya to boost trade along Maritime Silk Road
Chinese foreign minister Wang Yi is set to visit Kenya following Nairobi relying on Chinese loans to develop infrastructure and is facing rising debts. Describing the visit as “historic”, the Kenyan foreign ministry said, talks between the two countries would… Read More ›
Bitcoin’s Price Might Go Over $100,000 If It Replaces Gold As A Store Of Value, According To Goldman Sachs
With investors becoming more amenable to digital assets, Goldman Sachs Group predicts that the cryptocurrency bitcoin will continue to eat into gold’s market share. The likelihood of bitcoin’s value breaking beyond the $100,000 barrier has increased as a result of… Read More ›
Sony Plans To Enter Electric Vehicle Market As Its Next Big Hit
Japan’s Sony Group Corp is planning to venture into the industry of electric vehicles as it wants to leverage its strengths in the fields of entertainment and sensors. For this purpose, the company plans to launch a new company this… Read More ›
Japan Australia sign Reciprocal Access Agreement for economic and defense cooperation
Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
Mercedes-Benz unveils 1000 kilometers mile range battery-powered VISION EQXX prototype
In a significant development, Mercedes-Benz has unveiled its battery-powered VISION EQXX prototype which it says has a range of more than 1,000 kilometres (km) per charge. Last year, Mercedes-Benz had announced plans to invest more than $45 billion (40 billion euros)… Read More ›
Germany will offer tax relief to companies and individuals worth $34.1 billion from 2023
In a statement Germany’s new Finance Minister said, the government will offer tax relief to individuals and companies worth $34.1 billion (30 billion euros) in this legislative period. “We will relieve people and small and medium-sized businesses by significantly more… Read More ›
European Commission releases draft green investment rules
In a major development, the European Union has drawn up plans which labels nuclear energy and some natural gas projects as “green” investments. The development comes in the wake of a year-long battle between governments over which investments are truly… Read More ›
28.9% Drop In Its 2021 Revenue Expected By Due To US Sanctions
Huawei, the Chinese telecoms giant, stated on Friday that sales for this year will be 634 billion yuan ($99 billion), down 28.9% from the previous year. Sanctions imposed by the United States, a semiconductor scarcity, and a global decline in… Read More ›
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