At the start of a virtual meeting between U.S. President Joe Biden and China’s helmsman, Xi Jinping, Biden told Jinping that as leaders both should ensure that relations between the two countries do not lead to an open conflict. Xi… Read More ›
U.S.
Samsung’s vice chair Jay Y. Lee visits US as it weighs where to build $17 billion US chip plant
Jay Y. Lee, the vice chairman of Samsung Electronics is visiting North America following an imminent decision by the company to build a $17 billion US plant in the U.S. Lee is scheduled to visit the Unites States and Canada. Earlier… Read More ›
Russia starts delivery of S-400 air missile system to India
In a statement the head of Russia’s military cooperation agency said, Moscow has commenced delivery of the S-400 air defence missile systems to India, non-withstanding threat of US sanctions. The commencement of deliveries of Russian weapons to India places New… Read More ›
Boeing agrees to pay compensation to victims of Ethiopian Airlines 737 MAX crash
A filing in U.S. District Court in Chicago shows, Boeing Co has agreed to acknowledge liabilities for compensatory damages in lawsuits filed by families of the 157 people killed in the 2019 Ethiopian Airlines 737 MAX crash. Following an agreement between… Read More ›
Self driving truck startup and Hennessy Capital Investment Corp V call off merger
In a joint statement, self-driving truck startup Plus and blank-check company Hennessy Capital Investment Corp V said, they are calling off their merger given the regulatory environment outside the US. Earlier this year in May, Plus had said it would go… Read More ›
Discussions at COP26 focus on climate finance
On Monday, Governments are scheduled to push for an agreement to help vulnerable countries deal with global warming and compensate them for damages that have already occurred, in what is likely to be a test whether rich nations and developing… Read More ›
Fully vaccinated travelers can now travel to the United States
On Monday, in the first time in two years, the United States allowed non-US citizens to fly into the country as long as they were fully vaccinated. In 2020, the United States had imposed travel restrictions to stem the spread… Read More ›
20 countries pledge to stop public funding of fossil fuel projects abroad by 2022
Twenty countries, including the United States and Canada have agreed to stop public funding of fossil fuel projects abroad by the end of 2022 and instead steer spending into clean energy. The commitment has been termed as a “historic” step… Read More ›
Countries plan to build more cheap dirty climate change causing coal plants
While the pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference in Glasgow, big users of coal, the dirtiest of fuels, shunned the move. The COP26 summit aims to find ways to… Read More ›
Taliban fighting losing battle to keep Afghanistan’s economy running
With Afghanistan facing a severe cash crunch, migration crisis and mass starvation, the Taliban government is pressing for the release of billions of dollars from its central bank reserves. Afghanistan has parked billions of dollars in assets overseas with central… Read More ›