Continuing its efforts in an attempt to bully Australia, on Friday, China’s Ministry of Commerce said, it will temporary impose anti-dumping measures on Australian wine from November 28, 2020. The move will further escalate trade and diplomatic tensions between Canberra… Read More ›
Wuhan coronavirus
Indonesia fall into coronavirus-induced recession
According to official economic data, Indonesia, Southeast Asia’s biggest economy, has fallen into a recession during the third quarter, for the first time in more than two decades following the coronavirus ravaging its business activity. According to statistical data, Indonesia’s… Read More ›
Impact of COVID-19 in U.S. beef supply chain
In a significant development, the U.S. Department of Agriculture stated, it will be funding a $1 million research project to identify how COVID-19 could potentially enter the nation’s beef supply chain, starting from cattle in farms to packages of meat… Read More ›
Qantas to cut 2,500 jobs, outsources ground operations in Australia
On Tuesday, Qantas Airways Ltd stated, it plans on cutting up to 2,500 jobs and outsource its Australian ground handling operations as it braces for a $7.17 billion (A$10 billion) hit to its revenues caused by the Wuhan Coronavirus pandemic…. Read More ›
Arcturus Therapeutics Holdings in talks with dozen countries over COVID-19 vaccine supply agreement: CEO
In a statement, the CEO of Arcturus Therapeutics Holdings Inc disclosed, the U.S.-based company is in discussions with around a dozen countries for a COVID-19 vaccine supply agreement. The company is in early human testing of its COVID-19 candidate. In… Read More ›
Australia rejects China Mengniu Dairy Co proposed acquisition of its best known milk brands
On Thursday, as per a report from the Australian Financial Review, Cannberra will not approve a proposed buyout of Australia’s best known milk brands from Japan’s Kirin Holdings Co Ltd by China Mengniu Dairy Co. According to anonymous sources, the… Read More ›
Wearing a mask in shared spaces, including office and factories is mandatory from Sept. 1: French Labour Ministry
In a significant development, France’s Labour Ministry stated, the French government plans on making wearing a mask compulsory in the vast majority of workplaces from September 1, 2020, as one of the measures to mitigate the resurgence of the COVID-19… Read More ›
Britain to introduce legally binding environmental targets
In a significant development, Britain stated it would bring about legally binding targets on air quality, biodiversity, waste reduction, and cleaner water as part of efforts to combat climate change, rebuild the economy and improve the environment. These green targets… Read More ›
Blackstone’s shale oil venture Gavilan Resources LLC files for Chapter 11 bankruptcy
Late on Friday, Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy citing oil price collapse and a bitter legal battle with a partner. Formed following the $2.3 billion acquisition of Texas shale oil properties in 2017, Gavilan listed… Read More ›
Beef ban not tied to call for independent enquiry into COVID-19: Australia’s Trade Minister
On Tuesday, Simon Birmingham, Australia’s Minister for Trade said, China’s decision to ban the import of Australian beef was not a response to its call for a fair and independent enquiry into the origins of the coronavirus disease COVID-19. Birmingham… Read More ›