The consumer goods division of Johnson & Johnson, a health-care multinational, will be separated from its pharmaceutical and medical device businesses, the company announced on Friday, which will establish two publicly listed firms. The stocks of the company were driven… Read More ›
Sustainability
Sale Of Urea, Used As Emission Suppressant, Rationed In South Korea Due To Supply Shortage
A tactic to ration urea, which is utilized for reducing carbon emissions in diesel cars and in various industries, is now being implemented by the South Korean government. Authorities there have also imposed a ban on reselling of the solution… Read More ›
US and allies will take appropriate unspecified action if Beijing attacks Taiwan
In a statement U.S. Secretary of State Antony Blinken said made it lucidly clear that Washington and its allies would take appropriate, unspecified “action” if Beijing decides to invade and annex Taiwan. When asked by the New York Times, at… Read More ›
US rolls out global infrastructure projects to counter China’s BRI and problematic lending practices
According to a senior US official, the United States plans on investing in five to 10 large infrastructure projects across the globe in January 2022 as part of a broader Group of Seven initiative to counter China’s Belt and Road… Read More ›
Discussions at COP26 focus on climate finance
On Monday, Governments are scheduled to push for an agreement to help vulnerable countries deal with global warming and compensate them for damages that have already occurred, in what is likely to be a test whether rich nations and developing… Read More ›
Fully vaccinated travelers can now travel to the United States
On Monday, in the first time in two years, the United States allowed non-US citizens to fly into the country as long as they were fully vaccinated. In 2020, the United States had imposed travel restrictions to stem the spread… Read More ›
Unexpected Drop In Euro Zone Retail Sales In October Due To Weak German Performance
Retail sale number in eurozone fell unexpectedly in September as the largest economy of the bloc – Germany, did not perform to expectations with sluggish non-food sales, according to Eurostat statistics released on Friday. Retail sales in the 19 eurozone… Read More ›
China Imports Its Three-Year Lowest Volume Of Crude Oil In October
Large state-owned refiners in China deferred purchases of crude oil due to rising prices and independent refiners remained constrained by import limits resulting in the country’s crude oil imports dropping down to their lowest level since September 2018. According to… Read More ›
Another Chinese Real Estate Giant Misses Key Bond Payment, Raising Further Concerns In The Property Market
Shares of another Chinese developer were suspended from trading after it failed to service a payment deadline, and this exasperated the already precarious real estate market of the second-largest economy of the world. The Hong Kong Stock Exchange suspended trading… Read More ›
20 countries pledge to stop public funding of fossil fuel projects abroad by 2022
Twenty countries, including the United States and Canada have agreed to stop public funding of fossil fuel projects abroad by the end of 2022 and instead steer spending into clean energy. The commitment has been termed as a “historic” step… Read More ›