Australia To Subsidise Airfares As Part Of $928m Tourism Boost
The Australian government unveiled a 1.2 billion Australian dollars ($928m) tourism support package on Thursday, aimed at boosting local travel…
Category: World
Investors Turn Up Heat On HSBC To Phase Out Fossil Fuel Funding
HSBC will phase out its support for the coal industry in the developed world by 2030 and in the developing…
Oil Prices Are Surging: Here’s Why Not Everyone Is Cheering
You’d think a world tiptoeing its way out of the coronavirus pandemic might only be good news for governments and economies. Yet…
With Green Energy, Japanese Governor Wants To Take Fukushima Out Of Nuclear Shadow
A decade after Japan’s devastating nuclear meltdown, the governor of Fukushima hopes the prefecture can step out of the shadow…
China Semiconductor Trade Association Establishes Work Group With U.S. Counterpart
The Chinese Semiconductor Industry Association (CSIA), a major trade association for China’s chip industry, will establish a working group with…
Norwegian Air Updates Offer To Creditors In key Step Towards Survival
Norwegian Air said it had presented an updated restructuring proposal to creditors on Thursday, a major step in the airline’s…
Shell CEO Takes Large Pay Cut After Bruising 2020
Royal Dutch Shell Chief Executive Ben van Beurden’s pay package dropped by 42% to $7 million in 2020, a year…
Warren Buffett’s Net Worth Surpasses $100bn, Forbes Says
US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion, which also includes…
Mexico’s Congress Approves Landmark Cannabis Bill
Mexico’s lower house of Congress on Wednesday approved a bill that would decriminalize cannabis for recreational, medical and scientific uses,…
Turkey’s Nuclear Power Dilemma
Turkish and Russian officials laid the foundation for the third reactor of Turkey’s first nuclear power plant Akkuyu in the…
Nokia Signs Patent License Pact With Samsung
Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company…
Biden’s $1.9 Trillion COVID-19 Bill Wins Final Approval In House
The U.S. House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in American…
Tesla Raises Price Of Variants Of Model Y, Model 3, Model S
Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by $10,000, the electric-car…
SoftBank-Backed Coupang Raises $4.6 Billion In U.S. IPO
Coupang LLC, South Korea’s largest e-commerce company, raised $4.6 billion in the biggest share offering in the United States this…
Rolls-Royce Plunges To Worse Than Expected $5.6 Billion Loss
British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.58 billion) loss in 2020 as the pandemic…
Asia Stocks Soar As Receding Inflation Worries Bolster Confidence
Asian stocks extended their rebound from a two-month low on Thursday after a report on U.S. consumer prices calmed concerns…
China’s Smartphone Shipments Build On Post-Pandemic Rebound In February
China’s smartphone shipments increased more than threefold in February 2021 from a year ago, government data published on Thursday showed,…
Millions Of Websites Offline After Fire At French Cloud Services Firm
A fire at a French cloud services firm has disrupted millions of websites, knocking out government agencies’ portals, banks, shops,…
Investors Bracing For Bank Of Canada To Taper As Decision Looms
The Bank of Canada could soon start pulling back stimulus from the nation’s surprisingly robust economy, with the first clues…
GameStop, Other ‘Meme Stocks’ Soar As Markets Eye Stimulus Boost
GameStop Corp and other so-called meme stocks surged on Wednesday, continuing a rally that has put the video game retailer’s…
Volkswagen Hikes Battery Cell Demand In EV Expansion Push: sources
Volkswagen requires about 300 gigawatt hours (GWh) worth of battery cells a year by the end of the decade for…
Huawei Customer United Group Considering Changing Telecom Gear Vendor
Balkan telecoms and media company United Group is considering switching parts or all of the Huawei equipment that dominates its…
Reddit Forums Get Behind Roblox Ahead Of Stock Launch
Roblox Corp is set to join the ranks of the so-called “meme stocks” such as GameStop at the center of…
Hilton Grand Vacations To Buy Diamond Resorts International For About $1.4 Billion
Hilton Grand Vacations Inc said on Wednesday it would buy Diamond Resorts International Inc from funds managed by affiliates of…
Norway Wealth Fund To Probe Firms That Could Be Using Forced Labour From Xinjiang
Norway’s $1.3 trillion wealth fund will probe whether companies it is invested in may be using the labour of ethnic…
General Electric Reaffirms 2021 Free Cash Flow Outlook
General Electric Co on Wednesday reiterated its forecast to generate $2.5 billion to $4.5 billion in free cash flow this…
U.S. House Set For Final Approval Of $1.9 Trillion COVID-19 Bill In Early Win For Biden
President Joe Biden is poised on Wednesday for his first major legislative victory when the House of Representatives is expected…
Fire Destroys Servers At French Data Company OVHcloud
An overnight fire at French cloud computing company OVHcloud, which this week started the process for a potential IPO, destroyed…
ITV Shares Fall After Presenter Morgan Leaves Broadcaster
Shares in British broadcaster ITV plc fell on Wednesday with traders attributing at least part of the move to the…
Adidas, Telecoms Help European Stocks Eke Out Gains
Europe’s main index hovered near pre-pandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales…