The stakes for the United Kingdom have never been as high with days left for it to reach a trade deal with the European Union. But the three sticking points of fishing rights, government aid for companies and how disputes are settled stull threaten to collapse the trade talks. While costs for UK companies would…
Increasing chances of defaults and ultra-low interest rates are the two major headwinds that would be faced by global banks next year, believes Piyush Gupta, the chief executive of Singapore’s largest bank DBS. Gupta said that the economic hit of the novel coronavirus pandemic has been cushioned to a great extent by government support around…
No fresh investment in manufacturing of battery electric cars in Britain will not be made by the Japanese car giant Toyota until at least the mid-2030s. That announcement was a blow to the aims of the United Kingdom that its car industry will lead the path in the government’s efforts to shift away from conventional…
Despite the presence of billions of dollars in emergency World Bank funding, healthcare was either not available or had to be purchased during the novel coronavirus pandemic by millions of people in low-income countries of the world, a new research has concluded. According to an Oxfam report published on Friday, efforts to strengthen health systems…
Tech giants will have to change how they promote themselves, suggested the European Union’s competition chief with the bloc preparing to amend its competition regulations. A complete overhaul of digital regulation is expected to be announced by the EU later this month. It is expected that the new changed regulations will target the business models…
About $24 million is being planned to be invested in the development of “e-fuels” by the German auto maker Porsche. According to experts, ‘e-fuel’ is a climate-neutral fuel and is viewed as a replacement of gasoline for nonelectric vehicles. Development and mass production of such fuel will give a means to the German company as…
ExxonMobil has announced a dramatic mark down in the value of its natural gas assets, hitting the company already embattled throughout 2020. And with the company forecasting a more muted oil price recovery, the company also pledge to sharply reduce its spending ambitions. Incurring a non-cash charge of between $17 billion and $20 billion is…
The largest corporate acquisition of 2020 was marked by the announcement of the acquisition of IHS Markit by the data giant S&P Global in a deal with $44 billion. The completion of the deal will also create one of the leading companies in the financial information market which is growing fast. The negotiations for the…
Application for emergency regulatory approval of its coronavirus vaccine is being filed by Moderna with regulatory bodies in the United States and Europe so that the vaccine against Covid-19 can be recommended for use among the masses. Trial data for the mRNA vaccine will be reviewed by the regulators and then a decision on the…
The French government is taking an effort to get tech companies to get on board for publicly committing to principles which include paying their fair share of taxes. However, according to reports quoting government sources, United States based tech giants Amazon and Apple have not yet signed up to the pledge. Over the last three…
