In a statement U.S. President Joe Biden said, it was too early to make any commitments on lifting U.S. tariffs on Chinese goods, while USTR Katherine Tai said she was working on the issue. “I’d like to be able to be… Read More ›
services
US FAA lists 50 airports where 5G will be deployed with buffer zone
In a statement the Federal Aviation Administration (FAA) listed 50 U.S. airports which will feature buffer zones wherein wireless carriers can turn on new 5G C-band services from January 19, 2022. On Monday, Verizon Communications, and AT&T agreed to create buffer… Read More ›
Allianz’s becomes first wholly foreign owned insurance asset management company in China
On Friday, in a statement Allianz said, its local Chinese asset management business has received regulatory approval, marking the first wholly foreign-owned insurance asset management company in the country. Foreign financial institutions are eager to expand their onshore footprint in… Read More ›
FedEx to invest $100M in equity investment in Indian logistic startup Delhivery
On Friday, US delivery giant FedEx Corp said it will make $100-million in equity investment in Indian e-commerce logistics startup Delhivery as part of a long-term commercial agreement. As part of the deal, SoftBank-backed Delhivery will sell FedEx Express’ international… Read More ›
European Commission’s monthly sentiment touches 21-year high midst reopening of economies
According to the results of the European Commission’s monthly sentiment survey for the 19 countries sharing the euro, the economic sentiment among these countries have touched a 21-year-high following an accelerated pace of COVID-19 vaccinations on the back of which… Read More ›
Digital payment giant Stripe expands into Middle East, opens office in Dubai
On Tuesday, digital payments giant Stripe announced the opening of an office in Dubai, marking its first expansion into the Middle East region. Founded in 2010 by Irish brothers Patrick and John Collison, Stripe is used by more than 50… Read More ›
PayPal shutters domestic payment business in India
In a statement on Friday, PayPal Holdings Inc said, from April 1, 2021, it will close down its domestic payments business in India. It will continue to focus on its cross-border payments business, which enables global customers to pay Indian… Read More ›
Swiss specialty chemicals giant Clariant AG cuts 1,000 jobs midst divestments
On Wednesday, Swiss speciality chemicals giant Clariant AG stated, it plans on cutting nearly 1,000 jobs as it tappers down midst a series of divestments. “The rightsizing program foresees a reduction of approximately 1,000 positions in service and regional structures…. Read More ›
China wants a boost in global trade & service ties : Xi Jinping
On Thursday, in a significant development, Chinese President Xi Jinping stated, Beijing will reduce its tariffs and expand imports of high-quality goods and services; he also vowed to push reforms and promote an innovation-driven growth model. The development comes in… Read More ›
China’s exports rises for 3rd consecutive months, exceeds market expectations
On Monday, in August with more countries relaxing coronavirus lockdowns, exports from China have risen for the third consecutive month by 9.5% from a year earlier, according to customs data, marking the strongest gain since March 2019. China’s imports have… Read More ›
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