In a statement Taiwan’s Defence Ministry said, it was considering sourcing weapons from alternative locations, other than the United States, after Washington informed of delays in deliveries of an artillery system due to a “crowded” production line. The development comes… Read More ›
global
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 ›
Fallout of Russian invasion of Ukraine spreads to global aviation industry
The fallout of Russia’s invasion of Ukraine has spread to the global aviation industry with two more European countries banning Russian carriers and the European Union saying it would restrict the exports of aircraft parts. Virgin Atlantic and British Airways… Read More ›
France to push for global tax reforms at next G20 meeting
In a statement French Finance Minister Bruno Le Maire said, Paris will do its best to iron out burrs on the technical parameters for a global tax reform at the next G20 meeting, which aims to change the way large… Read More ›
India’s $14 billion Electric Vehicle policy offers automakers fresh incentives
In a significant development that potentially sees global carmakers increasing their footprints in India’s huge car market, New Delhi plans on offering fresh incentives to companies making electric vehicles (EVs) as part of a policy push in the auto sector… Read More ›
Charles Sussman, BAML’s co-head of global oil trading departs
According to two sources familiar with the matter at hand, Charles Sussman, the managing director and joint-head of global oil trading at Bank of America Merrill Lynch (BAML), has left the company after having spent more than 10 years in… Read More ›
Discovery sees 12M paid streaming subscribers by February 2021
Discovery Inc said on Monday it expects to have 12 million global paid streaming subscribers by the end of this month, as coronavirus-led restrictions kept people home and fueled streaming subscriber growth. Launched in January, discovery+ houses 55,000 episodes from… Read More ›
Mark Carney, former head of UK and Canadian central bank, joins fintech Stripe Inc’s board
In a significant development, Mark Carney, the former head of the UK and Canadian central banks, has joined Stripe Inc’s board of directors. The development comes in the wake of the company reporting that it plans on a funding round… Read More ›
Tesla Inc sets up EV manufacturing plant in India
According to a government document, Tesla Inc will be setting up an electric-car manufacturing unit in the southern state of Karnataka. “The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” said a state government official… Read More ›
Apple emerges as world’s biggest smartphone seller during Q4
Apple Inc has cornered nearly a quarter of the global smartphone market during the fourth quarter and has emerged as the world’s biggest smartphone seller; shipments of Huawei’s phones have plunged after they were hit by U.S. sanctions. According to… Read More ›