The president of the International Monetary Fund (IMF) told the BBC that governments should subsidise the cost of food and electricity for the weakest sections of society. People all throughout the world are trying to keep up with escalating living… Read More ›
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Doctors Warn Lack Of Medicine In Sri Lanka Is A Death Sentence For Some
An acute shortage of medicine in Sri Lanka resulting from the economic crisis will soon result in deaths, according to doctors, as hospitals are compelled to postpone life-saving surgeries for their patients due to a lack of drugs. Sri Lanka… Read More ›
Global private equity firm General Atlantic to invest $2 billion in India, Southeast Asia
According to a senior executive from General Atlantic, a global private equity firm, the company plans on investing $2 billion in India and Southeast Asia over the next two years. The development comes in the wake of falling valuations, which… Read More ›
A Member Of The European Central Bank Predicts The First Rate Hikes To Be This Summer
According to reports, the ECB will shortly raise rates for the first time in more than a decade, according to a member of the central bank’s governing council. The ECB has been criticized for taking a less forceful monetary policy… Read More ›
Canada Will Join The Five Eyes Allies In Banning Huawei/ZTE 5G Equipment
Canada is set to impose a ban on the usage of equipment from the Chinese tech companies Huawei Technologies Co Ltd and ZTE Corp for in the country’s 5G network with the aim of national security. With this move, Canada… Read More ›
European Commission sues 5 countries over non-compliance over for audio visual media services
On Thursday, in a statement, the European Commission said, it has referred Ireland, the Czech Republic, Romania, Slovakia and Spain to the EU Court of Justice over their failure to implement the revised directive for audio-visual media services. The European… Read More ›
Ukraine Will Be Offered Fresh Funding By The EU To Meet Pressing Requirements
According to reports quoting officials, the European Commission will propose a new package of financial aid to Ukraine on Wednesday, including additional loans to provide immediate liquidity to Kyiv and long-term financing obligations for the country’s rehabilitation. The amount of short-term… Read More ›
Russia Says It Has Nationalized Renault’s Moscow Factory
Following pressure over its prolonged presence in Russia, Renault has stated that it will sell its majority holding in Avtovaz. The French automaker announced that it will sell its 68 percent stake in Renault Russia to a Russian science institute,… Read More ›
Carlyle Group in talks to acquire US defense contractor ManTech International Corp
According to sources familiar with the matter at hand, Carlyle Group Inc is in advanced talks to acquire U.S. defense contractor ManTech International Corp in a deal that values it at around $4 billion. Ever since reports of ManTech’s co-founder George Pederson… Read More ›
A Record Number Of Polluters Have Committed To Reducing CO2 Emissions
According to a UN-backed research, a record number of major polluters have committed to reducing CO2 emissions. However, corporations in Asia, Africa, and Latin America fall behind those in Europe, the United States, and Japan, according to the Science-Based Targets… Read More ›