On Friday, in a statement Australian Minister for Trade Dan Tehan said, trade talks with the European Union have been postponed. The development comes in the wake of Canberra deciding to cancel a $40 billion submarine deal with France. Last… Read More ›
U.S.
Chinese solar manufacturers shifting manufacturing base to Vietnam, Malaysia and Thailand to evade US tariffs
In a statement the U.S. Commerce Department said, it has asked a group of anonymous domestic solar manufacturers for additional information before it would consider a request to impose duties on panels produced in three Southeast Asian countries. The development… Read More ›
Apollo Global Management’s affiliates acquire Thermal and Emission Control Materials from Mitsubishi Chemical Corporation for undisclosed amount
In a statement, Apollo Global Management, a U.S. private equity firm said, funds managed by its affiliates have entered a deal to acquire Thermal and Emission Control Materials business from Japan’s advanced materials producer Mitsubishi Chemical Corporation. The deal, which… Read More ›
Huawei’s CFO Meng Wanzhou returns to China in quid pro quo
In a significant development, Huawei’s Chief Financial Officer Meng Wanzhou arrived back in China after fighting U.S. extradition for around three years, in yet another sign of weakening global clout of the United States. The move also reflects a change… Read More ›
More trade action will be taken against Huawei if needed: U.S. Commerce Secretary Gina Raimondo
In a statement U.S. Commerce Secretary Gina Raimondo said, if necessary the Biden Administration will take further action against China’s Huawei. Washington continues to see the Chinese tech company as a national security threat on a variety of grounds and… Read More ›
BlackBerry’s Q2 revenues beats analysts’ estimate on the back of strong demand for cybersecurity and IoT products
BlackBerry Ltd reported its second quarter revenues which beat analysts’ estimate on the back of strong demand for its cybersecurity and Internet of Things software products. BlackBerry’s U.S.-listed shares rose by 9.1% to $10.43 in extended trading. Ahead of the… Read More ›
Biden pledges $10 billion to fight hunger
In a statement to the United Nations General Assembly, U.S. President Joe Biden said, the United States will commit $10 billion toward ending hunger in in the United States and around the world. Nearly one in three people does not… Read More ›
Argentina to purchase fighter jets worth $664M
In a statement Argentina’s Ministry of Defence said, it is looking to purchase multipurpose fighter jets for up to $664 million. According to a source with knowledge of the negotiations, fighter planes from the United States, Russia, China, Israel and… Read More ›
Hezbollah procured diesel tankers moving from Iran to Lebanon
In a report, pro-Iranian Lebanese TV channel Al Mayadeen said, Hezbollah has arranged for a convoy of diesel tankers from Iran, which has crossed the Syrian border and is moving towards Lebanon. Hezbollah, a UN designated terrorist organisation said, the… Read More ›
Trade talks with EU will be in coming months: Australia Prime Minister Scott Morrison saod
On Tuesday, Australia Prime Minister Scott Morrison saod, trade talks with the European Union will be worked through in “the weeks and months ahead”. His comments come at a time when he is dealing with the fallout of the decision… Read More ›