The upcoming legislation is part of a bipartisan deal that is aimed at easing the entry of self-driving vehicles on U.S. roads. Late on Wednesday, two U.S. senators disclosed that a bipartisan deal had been hammered out on legislation aimed at easing out the hurdles for getting self-driving vehicles to the market. As per Senator…
Provisional election results in Germany point to a worse-than-expected majority for the German chancellor even as Angela Merkel’s conservative bloc will be the largest party in the next German parliament. 33 percent of the vote was won by Merkel’s center-right Christian Democratic Union (CDU) and its Bavarian sister-party the Christian Social Union (CSU). But lower…
Oil and gas players with interests in the disputed zone are put in a bad place as the world’s second-largest economy threatens military action in the South China Sea. For the Spanish energy firm Repsol, that was the case. After Beijing warned the Southeast Asian country that it would attack bases if operations continued, the subsidiary…
A global could be a possible ultimate result of there is an outbreak of military conflict on the Korean Peninsula and that would be destabilizing for the region, according to Citi’s top global political analyst. Tina Fordham, managing director and chief global analyst at Citi said that the extent of the damage from such a…
Sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential military applications, U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker. The first announced deal for the buyout fund, which launched last year with a focus on technology investment, one of the…
The Chinese state had a hidden role in the acquisition of Lattice Semiconductor Corp whose chips have military applications. In a clear signal from Washington to Beijing, U.S. President Donald Trump has blocked a Chinese-backed private equity firm’s acquisition bid for a U.S. chipmaker, thus telling Beijing in very lucid terms that the United States…
The European Union mentioned the United Kingdom once and avoided the word Brexit in a key six-thousand-word speech. redirecting all Brexit related issues to a team that only deals with Brexit has been the strategy of the European Commission – Europe’s leading Brexit negotiator, since the U.K. voted to leave the bloc. The Commission would rather talk about…
The finance ministers of France, Germany, Italy and Spain said in a joint letter that instead of only taxing on the profits made as of now, they want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues. There are many countries in Europe that are frustrated at the low…
Following a racially divisive social-media campaign in South Africa, Bell Pottinger LLP has put itself up for sale after being expelled from the U.K.’s public-relations industry body and losing clients. Financial adviser BDO has been hired “to look at all options regarding the future of the business,” by the London-based PR firm, founded by Margaret…
This is likely to be a huge opportunity for private players, including MNCs, to help modernise Israel’s infrastructure. In a significant development, Israeli Prime Minister Benjamin Netanyahu has disclosed at the start of Israel’s weekly cabinet meeting, that he would soon unveil a multi-year infrastructure spending plan worth more than $28 billion The planned projects…
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