In a statement on Tuesday, the Kremlin said, Russian President Vladimir Putin has signed a decree on retaliatory economic sanctions in response to “unfriendly actions of certain foreign states and international organisations”. The kremlin did not shed light on which… Read More ›
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US nuclear power industry lobbying to continue import of cheap Russian uranium
According to two sources familiar with the matter at hand, the U.S. nuclear power industry is lobbying the White House to continue the import of uranium from Russia despite sanctions saying cheap supplies of the fuel is key to keeping… Read More ›
Ford Motor to invest $900M in Thailand
In a statement Ford Motor Co said it would invest $900 million to modernize its factories in Thailand which produces its Ranger pickup and Everest SUV; the investment is the company’s single largest in the country. The investment would be through… Read More ›
Foundational technologies should be under export control ban for China: Group of US Senators
In a significant development, a group of U.S. Senators urged Commerce Secretary Gina Raimondo to direct her department to move faster and identify American technologies, including emerging ones, that could be misused by China, if it is exported to that… Read More ›
Despite China’s anti-Australia rhetoric, Beijing continues to be Australia’s biggest trading partner
Despite China’s anti-Australia rhetoric, ongoing trade between the two countries is evidence of the ongoing relationship, pointed out Australian Prime Minister Scott Morrison. Beijing’s criticism of Australia is aimed at its domestic audience for political gains. While bilateral relationship between… Read More ›
AstraZeneca cannot export COVID-19 vaccines until it fulfils contracts with EU
Following a meeting of EU members, EU Commission chief Ursula von der Leyen said, AstraZeneca cannot export any more COVID-19 vaccines from Europe until is makes good on its contracts with the European Union. “We have to and want to… Read More ›
China’s Contemporary Amperex Technology to invest $5 billion in lithium battery plant: Indonesia’s deputy minister
On Tuesday, in a statement Indonesia’s deputy minister at the coordinating ministry of maritime and investment affairs said, China’s Contemporary Amperex Technology (CATL) plans on investing $5 billion in a lithium battery plant in the country. The plant is scheduled… Read More ›
U.S. Congress notified of aerial drones sales worth $5 billion to Taiwan
In a statement, the Pentagon said, it has formally notified the U.S. Congress of impending sales of four sophisticated U.S.-made aerial drones to Taiwan. The notification is the step before finalizing the sale of weapons to other countries. Washington expects… Read More ›
Argentina becomes the first country to approve GMO wheat
Argentina has approved a strain of drought-resistant GMO wheat, developed by biotechnology firm Bioceres SA, making it the first country in the world to approve of GMO wheat. So far no country has given approved the imports of GMO products;… Read More ›
Israel, UAE and US to pursue joint collaboration on developing renewable energy strategy
In a significant development, the energy ministers of the United States, Israel and the United Arab Emirates said, they will develop a joint strategy for greater coordination in the energy sector; the trio will also jointly collaborate to mitigate energy… Read More ›