Berlin: The federation of German Industries’ chief, the apex body of the industry, issued a serious warning that 25% of the companies in Germany have been preparing to leave the country due to the energy crisis created against the backdrop of the Russia-Ukraine conflict. Other senior officials have confirmed this in Germany, and they allege […]
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Washington: Local fuel companies have warned that some parts of the United States will face major blackouts during the winter. Some states in the northeastern US, apart from New England, import natural gas to meet winter electricity demand. However, due to the increased demand for fuel gas from European countries, there are indications that these […]
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Brussels: The Coronavirus pandemic, fuel shortage, and inflation have led European companies to go bankrupt. Eurostat, known as the ‘Statistics Agency’ of the European Union, recently published a report in this regard. According to the report, the number of insolvent companies has increased by 2.2 per cent in three months, from April to June. By […]
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Washington: The United States has imposed new harsh sanctions against companies linked to the Iranian petrochemical sector. The US Treasury Department took this action against companies in China and the United Arab Emirates (UAE). This is the third instance in the last ten days of the United States imposing sanctions against individuals and companies linked […]
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Taipei: There are reports that the Chinese military is preparing to attack Taiwan. But even before that, there seemed to be a conflict flaring up in the field of semiconductors between China and Taiwan. Authorities in Taiwan have raided 10 Chinese companies and have started thorough interrogation of more than 70 people. Taiwan has accused […]
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Berlin: The regulatory body warned that the threat of major cyberattacks on the German Financial institutions had significantly increased given the Russia-Ukraine conflict. Over the last two months, there had been cyberattacks on German companies from the energy and automobile sector. Following that, the Five Eyes group had warned only last month that Russia was […]
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Yangon: Chinese companies laying fuel pipelines in Myanmar have illegally occupied Myanmar territories. A local organisation has drawn the attention of the junta regime to this through a report. The military regime that came to power with Chinese backing has started fearing Chinese intrusion into their country by taking advantage of the Russia-Ukraine conflict. Against […]
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Paris/Beijing: A French think tank accused Chinese companies of looting Gold from the African country DR Congo. The French think tank IFRI said that the Chinese companies illegally produce and export Gold from the mines in the Kivu Province in southern DR Congo. While this report has surfaced, a court in DR Congo has ordered […]
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Beijing: China announced sanctions against two US arms companies on selling weapons to Taiwan. The companies are Raytheon Technology and Lockheed Martin. This is the third time China has imposed sanctions against the US defence sector companies. Two weeks ago, the United States approved modernising Patriot Missiles System deployed in Taiwan. This agreement is worth […]
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Washington: – Pentagon has warned in its report that the monopoly of selected few companies in the defence sector is a threat to US security. The report advocates implementing policies to create healthy competition in the defence industry to break the monopoly. The report reveals that there were 51 companies listed as suppliers with the […]
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