According to a senior official from the Biden Administration, the United States is looking to add “new targeted restrictions” on exports of certain sensitive technologies to China in cooperation with allies. The official spoke ahead of Biden’s first call with… Read More ›
U.S.
Looking forward to resolve aircraft subsidies dispute with Europe: USTR’s office
In a statement the U.S. Trade Representative’s office said, it is looking forward to working with European allies to resolve a dispute over aircraft subsidies. “We know there is great interest in resolving the Boeing-Airbus dispute on both sides of… Read More ›
Nasdaq, NYSE, Cboe Global Markets sue SEC over planned overhaul of public data feed
According to court filings, Nasdaq Inc and the New York Stock Exchange have sued the Securities and Exchange Commission in an attempt to block a plan by the regulator to overhaul public data feeds that broadcast stock prices to investors…. Read More ›
PepsiCo rebrands ‘Aunt Jemima’ pancakes, syrup as Pearl Milling Company
In a statement PepsiCo Inc said, its pancake mix and syrup products will henceforth be sold under the “Pearl Milling Company” name; the development comes in the wake of the company dropping its “Aunt Jemima” brand logo in 2020 due… Read More ›
Bidden Administration reverses Trump Administration’s energy policy: set to restart permission for first major offshore wind farm
In a significant development that sees a reversal of U.S. energy policy, the Biden Administration stated it would restart permitting for the first major U.S. offshore wind farm. The development reverses a Trump administration decision that canceled the process in… Read More ›
Business travel likely to grow by 21% in 2021: Global Business Travel Association
On Tuesday, according to a business travel association, business travel spending is likely to grow by 21% this year globally thanks to the rollout of COVID-19 vaccines; however, it is unlikely to recover to pre-pandemic levels until at least the… Read More ›
Myanmar coup likely to dampen investment interest: trade experts
According to analysts and trade experts, the coup by Myanmar’s military is likely to dampen the interest of western companies in investing in the country and may even prompt big U.S. companies to relocate. In the first 11 months of… Read More ›
Exposure of hedge funds at near record levels: Goldman Sachs
According to an analysis by Goldman Sachs Inc, last week, U.S. hedge funds bought and sold the most stock in more than a decade midst wild swings in GameStop Corp shares that many had bet against; their market exposure continues… Read More ›
Boeing gets approval to sell F-15EX fighter jet to India
According to a senior executive from Boeing, the company has received a license from the U.S. government to offer its F-15EX fighter jet to the Indian air force. Boeing’s F-15EX fighter jet will compete with France’s Rafale, Sweden’s Gripen among… Read More ›
Tehran must resume complying with the Iran nuclear deal before Washington: U.S. Secretary of State Antony Blinken
U.S. Secretary of State Antony Blinken on Wednesday stuck to his stance that Tehran must resume complying with the Iran nuclear deal before Washington, which abandoned the pact under former President Donald Trump, would do so. Making his first public… Read More ›