According to a senior Egyptian official, Cairo will position itself as an impartial arbiter while hosting this year’s COP27 climate summit. It will pushes nations to act on their climate pledges while promoting the interests of the developing world. In… Read More ›
coronavirus
South Korea increases weekly international flights from May
On Wednesday, South Korea said it will allow increase the number of international flights per week allowed to enter into the country beginning from May. The development marks a continued easing of anti-coronavirus measures with the Omicron wave on the… Read More ›
COVID-19 curbs at Chinese ports threaten to whiplash global supply chain
With the coronavirus induced COVID-19 infections spreading in China, the length of container ships queued up outside major Chinese ports are increasing by the day with outbreaks in manufacturing export hubs threatening to unleash a fresh wave of global supply… Read More ›
Boris Johnson to unveil UK’s Living with Covid-19 strategy today
On Monday, British Prime Minister Boris Johnson is set to unveil plans to scrap coronavirus restrictions as part of a “living with COVID” strategy that aims to achieve a faster exit from the pandemic compared to other major economies. Johnson… Read More ›
Global semiconductor shortage to ease slightly after Q3 : VW board member
In an interview to German industry magazine Automobilwoche, a board member from Volkswagen opined, the global shortage of semiconductors is likely to continue this year and ease slightly during the second half. “The volatile situation will affect us at least… Read More ›
Australia to allow double vaccinated travelers from Feb 21
On Monday, Australian Prime Minister Scott Morrison said, from February 21, 2022, Australia will reopen its borders to all vaccinated visa holders. For nearly two years Australia had shut its borders to non-citizens to mitigate threats from the Coronavirus which… Read More ›
EU countries agree to reform rules for Schengen Area
Countries in the European Union have agreed to oversee the border-free Schengen Area through regular ministerial meetings, said France in a move aimed at strengthening the political management of the area in the same manner euro zone gatherings steer economic… Read More ›
Zip Co Ltd in early talks to acquire rival Sezzle Inc for undisclosed amount
On Tuesday, in a statement Sezzle Inc said, it is in talks larger Australian rival Zip Co Ltd which aims to acquire it for an undisclosed amount. With the news reaching the market, shares of the buy-now-pay-later company soared by… Read More ›
Germany aims to attract 400,000 qualified workers from overseas to manage labor imbalance
German aims to attract 400,000 qualified workers from overseas every year in order to mitigate a demographic imbalance and labour shortages in key sectors that risk undermining the recovery from the coronavirus-induced COVID-19 pandemic. “The shortage of skilled workers has… Read More ›
World’s top 20 best performing hedge funds earned $65.4 billion for clients in 2021
According to LCH investment data, the world’s 20 best performing hedge funds earned $65.4 billion for clients in 2021, on the back of stock markets rising despite setbacks introduced by coronavirus pandemic. As a group, the most successful managers earned… Read More ›