In a statement the World Health Organization (WHO) said, earlier this week its members had agreed to gradually raise their mandatory fees starting from 2024, as part of a funding review which is seen as being very important the agency’s… Read More ›
conditions
World Bank’s International Finance Corporation adopts climate change specific financing, aims to reduce financing for coal to zero by 2030
In a significant development, the World Bank’s private-sector arm has introduced new climate change specific conditions, which encourages commercial banks and other financial lenders to wind down support for coal projects in Asia and Africa. The International Finance Corporation (IFC),… Read More ›
FDI in Mexico touched $18 Billion in Q1, despite slowdown induced by Wuhan Coronavirus
In a significant development that underscores a relocation of supply chain to North America, preliminary figures published by Mexio’s Economy Minister stated, during the first half of 2020, Foreign direct investment (FDI) in Mexico touched $17.97 billion. Although, the figure… Read More ›
‘Made in Germany’ aerospace and mechanical engineering contracts touch 5 1/2 year high
On Friday, as per a report from Germany’s Federal Statistics Office, industrial orders from Germany surged on bumper aerospace and mechanical engineering bookings, giving the manufacturing sector a big boost at the start of a quarter even as the global… Read More ›
Credit Suisse announces $1 billion share buyback program in 2020
On Friday, Credit Suisse stated, it aims to buy back shares worth at least $1.03 billion (1 billion Swiss francs) by the end of 2020. The share buyback program will be subject to market and economic conditions, and comes in… Read More ›
Strongly opposes 2020 U.S. defense draft policy: China
On Thursday, in a statement China’s commerce ministry said, Beijing resolutely opposes the 2020 U.S. defense draft against Chinese firms and urges Washington to go beyond political leanings and create favorable conditions for Chinese companies. China is closely monitoring the… Read More ›
Market conditions likely to improve after Q4: Credit Suisse’s CEO
Things have got better since the beginning of 2019. Global financial markets face reduced stress with negotiations still being worked out in the U.S.-China trade war. On Tuesday, Tidjane Thiam, Credit Suisse’s Chief Executive said, he sees market conditions improving… Read More ›
China deepens grip on Sri Lankan economy with a loan of $300 million
Sri Lanka is struggling to repay its foreign debt which is at a record $5.9 billion. The current amount of $300 million can be expanded to $1 billion. On Tuesday, in a move that deepens China’s grip on the island… Read More ›
Chung Eui-sun appointed to chief vice chairman of Hyundai Motor Group
Chung Eui-sun role includes helping the company manage trade dynamics in major markets midst a deteriorating global trading condition. On Friday, Hyundai Motor Group disclosed it has appointed Chung Eui-sun, who was so far vice chairman of the Hyundai Motor… Read More ›
Yamaha Motor, Nissan, Subaru, Suzuki, Mazda, falsified data on emission control and fuel economy tests
The disclosure by the Japanese government could potentially lead to lawsuits in the U.S., like it did for Germany’s Volkswagen AG. On Thursday, in the latest case of data falsification, the Japanese government disclosed, Yamaha Motor Co, Mazda Motor Corp,… Read More ›
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