Following a decline in its foreign currency reserves, Nepal has imposed import restrictions on non-essential products such as vehicles, cosmetics, and gold. It comes as the government’s debt has risen due to a drop in tourism expenditure and money returned… Read More ›
The World Health Organization announced on Monday that it is closely monitoring a small number of cases of two novel sub-variants of the highly transmissible Omicron coronavirus strain with the aim of ascertaining whether they are more infectious or harmful… Read More ›
In a significant development that marks the de-dollarization in the global economy, Russia’s finance ministry said, Moscow has called on the BRICS countries to extend the use of national currencies and integrate payment systems. Western sanctions have weighed down the… Read More ›
As the world’s second largest economy battles an outbreak of diseases, tourism spending in China plummeted over this week’s Qingming festival. Official numbers reveal that tourists spent more than 30% less during the major three-day holiday than they did at… Read More ›
As part of Amazon’s Project Kuiper, three new heavy-lift rockets will launch thousands of satellites into low earth orbit over the next five years. Using a network of 3,236 satellites, the project seeks to deliver broadband connections. Starlink, a competitor,… Read More ›
Uber is moving forward with its aim to become a “superapp” for travel. The San Francisco-based company announced on Wednesday that it will expand its U.K. app this year to include trains, buses, airlines, and auto rentals. The move is… Read More ›
In the United Kingdom, a novel omicron sub-variant has been discovered as the country continues to see an increase in Covid-19 hospitalizations. According to the latest numbers from the UK Health Security Agency, the XE variation has been found in… Read More ›
According to newly disclosed US information, Russian President Vladimir Putin believes he was misled by military officers who withheld vital details about the disastrous invasion of Ukraine for fear of angering him, according to top Biden administration officials. “We believe… Read More ›
Because of a global jump in raw material prices, primarily lithium, Tata Motors, India’s top-selling electric manufacturer, stated the cost of battery cells had climbed by roughly 20%, placing pressure on the company in the short term. Cell prices have… Read More ›
India’s oil imports from the United States will increase by 11% this year, according to officials, as the critically energy-short country seeks supplies from producers throughout the world, including Russia, which has been extensively sanctioned. Following Russia’s invasion of Ukraine… Read More ›
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