Late on Monday, top mutual fund manager Vanguard Group said, it will no more pursue plans to obtain a license to run a fund management company in China. The discontinuation of the outsourcing augurs well for the United States since… Read More ›
United States
Quad nations agree to collaborate on securing rare earth metals
Australia, Japan, India and the United States, will collaborate to secure rare earth metals which are critical to the production of a wide array of goods ranging from fifth generation fighter jets, to smartphones, and electric cars, said Japan’s the… Read More ›
Stellantis NV pauses plan to launch Peugeot in US market
In a statement, Stellantis, the world’s fourth-largest carmaker said, it has shelved a plan to launch the Peugeot brand in the United States. Instead it will focus on high-margin Jeeps, RAM pickup trucks, Fiat Chrysler’s (FCA) other brands including Chrysler,… Read More ›
U.S. revokes sanction waiver against Israeli mining company Gertler
In a significant development, the United States revoked a sanctions waiver to Israeli mining magnate Dan Gertler, which was issued during the last days of the Trump Administration. In a statement, the Treasury Department said, exempting Gertler from sanctions was… Read More ›
U.S.-UK agree to suspend punitive tariffs on scotch whiskey as first step for finding solution towards civil aviation subsidies
On Thursday, in a report, the Spectator magazine said, Washington and London have hammered out an agreement to suspend retaliatory tariffs on goods including Scotch whisky. The tariffs were imposed earlier as part of a long-running trade dispute over civil… Read More ›
U.S. Energy Department readies $40 billion in loan to transition towards clean energy
In a significant development U.S. Energy Secretary Jennifer Granholm stated, Washington is ready to reactivate a loan program which could see more than $40 billion channelized towards clean energy. “I am ready to rev those engines back up so that… Read More ›
Chinese state funds invests in China’s BGI Genomics Co, capitalizes on COVID-19 pandemic
In a development that marks China capitalizing on the coronavirus-driven COVID-19 pandemic, the Chinese government has made an investment in BGI Genomics Co, a Chinese listed company that supplies millions of COVID-19 tests globally. BGI is seeking to fund exponential… Read More ›
United Airlines only airlines which operates Pratt & Whitney PW4000 engines
The U.S. Federal Aviation Administration has issued an emergency airworthiness directive following an engine failure on a United Boeing 777 in Denver, requiring immediate or heightened inspections of similar planes. In a statement late on Sunday, FAA Administrator Steve Dickson… Read More ›
China appeals to reset U.S.-China relations
In a significant development that underscores the fact that the previous Administration efforts aimed at countering China’s exploitive trade practices have indeed hit their targets, senior Chinese diplomat Wang Yi has called on the Biden Administration to reopen dialogue with… Read More ›
U.S. to look at restricting exports of certain sensitive technologies to China: Senior official
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 ›
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