In a significant development, HSBC Holdings has suspended its head of responsible investing pending an internal investigation. The development comes in the wake of central bank policymakers and other global authorities saying financial risks of climate change has been exaggerated. HSBC… Read More ›
According to a post on Tesla Inc’s website, the US electric vehicle maker has stopped taking orders for its Cybertruck pickup truck outside of North America. Tesla is taking order for the Cybertruck only in the United States, Canada and… Read More ›
In a statement U.S. House and Senate leaders stated, lawmakers will try to reach a final agreement on a bill aimed at boosting the competitiveness of U.S. technology vis-à-vis China’s semiconductor manufacturing. Senate Democratic Majority Leader Chuck Schumer had sought… Read More ›
In a statement the President of the Richmond Federal Reserve said, the U.S. economy may be “on the brink of completing the recovery” from the recession that was triggered by the coronavirus-induced COVID-19 pandemic. “Vaccines are rolling out, and case… Read More ›
The IPO, which is likely to be upwards of $20 billion, will be one of the biggest ever public offerings to hit the market. On Wednesday, in a statement Saudi Arabia’s energy minister said, the initial public offering (IPO) for… Read More ›
Analysts have warned if Chinese-led projects in Indonesia fail to deliver, the likely hood of a shortfall in nickel will increase. On Thursday, an executive from Chinese battery and electric car maker BYD CO Ltd disclosed, securing sufficient quantities of… Read More ›
Richard Harrington, Britain’s junior business minister expects parliament to take charge in the event of a cliff hanger Brexit. Britain’s junior business minister Richard Harrington stated, the Bank of England may have to step in to pump in money into… Read More ›
Apart from these deals, the UAE has also signed military deals worth 1.1 billion UAE dirham with local companies. In a statement, the United Arab Emirates (UAE) disclosed, it had signed military deals worth $1.1 billion (3.87 billion UAE dirhams)… Read More ›
The Saudi energy giant is positioning itself to tap the booming LNG market – a much cleaner fuel compared to pollution-heavy crude oil. On Tuesday, Saudi energy giant Aramco stated, its gas program is likely to draw $150 billion in… Read More ›
One of the ways out of this pickle is to reform the World Trade Organization, opined French finance minister Bruno Le Maire. On Friday, French Finance Minister Bruno Le Maire stated, the world is facing a cold war over trade…. Read More ›
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