In a report on Friday, an article from Britain’s The Times newspaper stated, Prime Minister Boris Johnson has instructed civil servants to draw up plans to end the UK’s reliance on China for vital medical supplies and other strategic imports…. Read More ›
diversify
Vietnam attracting many foreign investors relocating from China
Having proclaimed success in contain the spread of the Wuhan coronavirus, Vietnam is positioning itself as the business-friendly country, capitalizing on demand from international manufacturers who are looking to diversify their supply chains away from China. Vietnam has reported just… Read More ›
Saudi Aramco IPO set to be world’s biggest at $1.7 trillion
With Saudi oil giant Saudi Aramco putting its IPO valued at $1.7 trillion, below the $2 trillion mark sought by Saudi’s crown prince Mohammad bin Salman, it is set to become the world’s biggest Initial Public Offering. Aramco will not… Read More ›
Pentagon diversifying sourcing of rare earths
Pruning the sully of rare earth to the United States is China’s only weapon against the United States in the ongoing U.S.-China trade war. In a significant development that marks a strategic shift in the sourcing of rate earth minerals,… Read More ›
Former PepsiCo CEO Indira Nooyi joins Amazon.com’s board of directors
Indira Nooyi will be part of Amazon’s audit committee on its board. In a development that underscores Amazon’s commitments towards gender neutrality in its board of directors, the world’s biggest online retailer stated it has appointed Indra Nooyi, the former… Read More ›
Qatar to invest $20 billion in sports sector ahead of 2022 world cup
Qatar aspires to be a regional hub for sporting events in the run-up to the 2022 soccer World Cup. As per a senior Qatari official, the Gulf state is aiming to attract more sports companies to the Gulf state and… Read More ›
Saudi Arabia to privatize 20 companies in 2019: Crown Prince Mohammed bin Salman
20 Saudi state-owned companies in across sectors are slated to be privatized in 2019. In yet another step aimed at diversifying Saudi Arabia’s economy, Crown Prince Mohammed bin Salman disclosed, the Kingdom will privatize more than 20 companies next year…. Read More ›
U.S. diversifying agriculture trade: U.S. Agriculture Secretary Sonny Perdue
Feeling the pinch of being too dependent on one nation for the sale of its agricultural products, the trade war has made the U.S. realize that it needs to diversify its agricultural trade exports. U.S. Agriculture Secretary Sonny Perdue has… Read More ›
Saudi Arabia’s Public Investment Fund takes out its first ever $11 billion international syndicated loan
The development assumes strategic importance since the development is part of a package aimed at diversifying Saudi Arabia’s oil-export driven economy. In a development that marks the first commercial borrowing by Saudi Arabia’s top sovereign wealth fund, the Kingdom’s Public… Read More ›
Las Vegas Sands to spend $1.1 billion in Macau’s gambling hub
Just as Las Vegas Sands has brought France’s Eiffel tower to Macau, it now plans on building a London-themed attraction in Macau as well. Las Vegas Sands, owned by U.S. billionaire Sheldon Adelson, stated that it plans on spending $1.1… Read More ›