On Wednesday, China signalled its support for Chinese companies, following days of fears that the United States will delist them, sending stock prices in New York and Hong Kong down. Chinese and American regulators are working on a strategy to cooperate on Chinese equities listed in the United States, according to state media, citing a…
Reliance, India’s largest retailer, would take over at least 200 Future Retail locations after the firm failed to make lease payments to Reliance, two people with direct knowledge of the situation said on Saturday. Since 2020, Reliance has failed to finalize a $3.4 billion plan to buy Future’s retail assets, which partner Amazon.com Inc has…
Six African countries – Egypt, Kenya, Nigeria, Senegal, South Africa, and Tunisia – will be the first on the continent to get the technology required to manufacture mRNA vaccines, according to the World Health Organization. The technology transfer project, which began in Cape Town last year, intends to assist low- and middle-income nations in mass-producing mRNA…
According to industry data released on Friday, sales of new energy vehicles (NEVs) in China decreased 18.6% month over month in January after the country reduced NEV subsidies by 30%. According to figures from the China Association of Automobile Manufacturers, sales of NEVs, which comprise battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles,…
After having exited the Japanese market twelve years ago because of a slump in sales, South Korean auto giant Hyundai Motor Co. is all set to re-enter the market, the company said on Tuesday. Making the announcement, the South Korean company said that its decision was based on an increase in demand for electric vehicles…
The Winter Olympics, which begin next month, are a tremendous marketing opportunity for sponsors and a showcase for corporations. Beijing 2022, on the other hand, is causing major headaches for the Games’ 13 official corporate partners. Many people are opting to remain silent in the midst of a diplomatic crisis between the United States and…
Mexico’s Grupo Financiero Banorte is considering possibilities of making a bidding offer for the Mexican consumer banking unit of Citigroup, said the Mexican company’s chief executive said. “We are starting an analysis of this opportunity, and if we find that a possible transaction adds value to shareholders, we would submit it for their consideration,” Banorte…
Members of the Starlink satellite internet venture, which is backed by the billionaire entrepreneur Elon Musk, were informed by the company that it had been directed by the Indian government to refund all its pre-orders from the country till such time that a license to operate in the country is granted to it. , “As…
For tax evasion, a leading Chinese live-streamer was fined 1.34 billion yuan ($210 million). Viya, or Huang Wei, is an internet celebrity with tens of millions of fans. She has sold a wide range of things through her site. Between 2019 and 2020, Hangzhou authorities accuse her of concealing her own income as well as…
The efforts to create green jobs should be intensified to the extent that there is a chance for the UK administration is going to meet its goal of 2 million jobs in 2030, as per the report. Jobs that are tied in the Green Economy made up for 1.2 percent of all jobs advertised in…
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