According to analysts and trade experts, the coup by Myanmar’s military is likely to dampen the interest of western companies in investing in the country and may even prompt big U.S. companies to relocate. In the first 11 months of… Read More ›
economic
Low acreage acquisition by energy giants likely to lead supply side gap during the second half of the decade
With coronavirus inducing economic lockdowns around the globe, there has been a sharp decline in energy prices last year according to data, as a result top oil companies have significantly reduced their search for new fossil fuel resources, triggered massive… Read More ›
European companies on Russian Nord Stream 2 pipeline project at risk of U.S. sanctions
According to two sources familiar with the matter at hand, the U.S. State Department has informed European companies that those helping to build Russia’s Nord Stream 2 gas pipeline face sanction risks. “We are trying to inform companies of the… Read More ›
UK offers extra financial assistance worth 4.6 billion pounds to select sectors hit by third national lockdown
On Tuesday, Britain offered 4.6 billion pound support to businesses struggling with the third national lockdown, which was imposed this week to stem the new mutant wave of the coronavirus-induced COVID-19 cases that is sweeping across the U.K. In a… Read More ›
Samsung Electronics relocates mobile display plant from China to India
In a statement, the Indian state of Uttar Pradesh said, it will provide financial incentives to Samsung Electronics Co to set up its $654.36 million (48.25 billion rupee) display factory in the state. Samsung will be relocating the factory from… Read More ›
Japan’s ruling aims to incentivize green investments
With Japanese Prime Minister Yoshihide Suga strategically placing carbon neutrality at the centre of the country’s economic recovery plan, the country’s ruling party has called for extending tax breaks on low-emission vehicles as well as incentivize green investments, showed a… Read More ›
COVID-19 casting a shadow on Britain’s urgent need for FTA with EU: Rishi Sunak
During an interview to the BBC’s Andrew Marr, British Finance Minister Rishi Sunak said, the UK wants to strike a free-trade agreement with the European Union; but in near-term perspective, the concern is overshadowed by the COVID-19 pandemic. When asked… Read More ›
Rishi Sunak to unveil record spending for fighting pandemic induced economic blues
In a development that highlights the challenges facing Britain, the country’s finance minister Rishi Sunak has borrowed a record $285 billion (215 billion pounds) in the first seven months of this financial year as he prepares his war chest to… Read More ›
Federal prosecutors to probe ‘substantial allegations of voting and vote tabulation irregularities’: U.S. Attorney General William Barr
In a significant development, U.S. Attorney General William Barr authorized federal prosecutors to pursue investigations into “substantial allegations of voting and vote tabulation irregularities,” while urging prosecutors not to chase “fanciful or far-fetched” claims. Barr’s letter to prosecutors marks the… Read More ›
First ever visit by UAE delegation led by economy minister to normalise relations with Israell
On Tuesday, following a U.S. brokered agreement, the first ever official delegation from the United Arab Emirates left for Israel with the two countries looking to broaden ties and normalise relations. According to Israeli officials, the visit will be largely… Read More ›
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