In a significant development, US Treasury Secretary Janet Yellen said, the United States does not have the legal authority to seize frozen assets of the Russian central bank following its invasion of Ukraine. She also said, it is likely that… Read More ›
In a statement Ukrainian Prime Minister Denys Shmygal said, Ukraine has agreed to the Japanese & Canadian proposal and will receive 13 billion yen in financial support from the Japanese government and 500 million Canadian dollars from Ottawa. “These are… Read More ›
According to US diplomatic cables, the Biden Administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects abroad and prioritize global collaborations towards clean energy technology. The move is aimed at ending US financial support… Read More ›
In a report the Financial Times said citing sources familiar with the matter at hand, Britain is in talks with 6 companies for building gigafactories which will produce batteries for electric vehicles. According to the report, Nissan Motor Co Ltd,… Read More ›
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 ›
On Thursday, German airline Lufthansa stated, it is in advanced talks with the German government’s economic stabilization fund over a rescue deal worth up to $9.9 billion (9 billion euros); the deal potentially includes the German state taking a 20%… Read More ›
On Wednesday, the French government hiked the expected cost of measures required to support the economy though the coronavirus crisis to $120.6 billion (110 billion euros), said French finance minister Bruno Le Maire. “We are going to go from 45… Read More ›
In an interview to a German weekly newspaper, Germany’s economy minister stated, Tesla could avail state subsidies if it were to set up a gigafactory in the country. “In my conversations with (Tesla CEO) Elon Musk I have always made… Read More ›
Not only is such funding not aligned with Britain’s efforts to reduce greenhouse gases and carries risks for taxpayers but also as a result of stricter emission reduction targets, and as renewable energy becomes cheaper, companies could be left with… Read More ›
Warren Buffet’s Berkshire Hathaway aims to help Occidental Petroleum Corp acquire its smaller rival Anadarko Petroleum Corp. In a significant development, Occidental Petroleum Corp disclosed, Warren Buffett’s Berkshire Hathaway Inc will be investing $10 billion in it so as to… Read More ›
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