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Sunday, May 22, 2022

Global

Canada To Prohibit Huawei, ZTE From Its 5G Network

Canada has announced that two of China's largest telecom equipment manufacturers will be prohibited from working on its 5G phone networks. The country's industry minister announced the restrictions against Huawei and ZTE on Thursday. According to François-Philippe Champagne, the move will...

EU Details Strategy To Increase Renewable Energy

The European Commission has detailed a strategy to increase the EU's renewable energy capacity and reduce its dependency on Russian fossil fuels, while also conceding that existing coal plants may have to be utilized for "longer than initially thought." On...

Ukraine War May Spark Global Food Catastrophe For Years – UN

The UN has warned that Russia's invasion of Ukraine might spark a global food catastrophe that could last years. Food insecurity in poorer countries has grown as a result of the war, according to UN Secretary-General Antonio Guterres. If Ukraine's exports...

First In History: Sri Lanka Defaults On Debt

As the country grapples with its greatest financial crisis in more than 70 years, Sri Lanka has defaulted on its debt for the first time in its history. It comes after a 30-day grace period to refund delinquent debt interest...

Fears Of Increasing Costs, Faltering Economies Rattles EU Stock Markets

Following significant dips in the US and Asia, fears of increasing costs and faltering economies have moved to the UK and European stock markets. In early trade, the FTSE 100 index of prominent corporations fell 1.5 percent, while the big...

Shipment Of Baby Formula Increases Amid Scarcity In The US

As the US faces a scarcity of baby formula, international companies are increasing shipments. Nestle, the maker of Gerber, said it was flying in more supplies from the Netherlands and Switzerland. Reckitt Benckiser, which makes Enfamil and has factories in the United States,...

Mexican Farmers Demand Reimbursement For Unlawful Mining, Violence

Farmers from Mexico have traveled to London to demand that a FTSE 100 corporation reimburse them for unlawful mining on their property and explain why anti-mining activists were killed. In 2013, an agricultural court in Mexico ordered Penmont Mining, a subsidiary of...

Musk: Twitter Deal Could Collapse Without Fake Account Proof

Elon Musk has suggested that a disagreement over the number of phony accounts on Twitter could jeopardize his $44 billion proposal to buy the social media network. Mr Musk stated on Twitter that the agreement "cannot move forward" unless Twitter...

Dubai Airport Records Busiest Quarter In Two Years

Dubai's major airport announced its busiest quarter in two years on Thursday, as international traffic resumes its upward trend, with its top executive forecasting pre-COVID figures by the end of 2024. The Gulf hub, which is one of the world's...

Saudi Aramco Now World’s Most Valuable Company

As oil prices rose and tech stocks fell, Saudi Aramco dethroned Apple as the world's most valuable firm on Wednesday. Based on the price of its shares at the market close, the Saudi Arabian national petroleum and natural gas firm, described as...
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