Global Markets Daily Update
Geopolitics US President Donald Trump posted a video acknowledging that a new administration will be sworn into office on January 20 and that his primary focus has shifted to ensuring [...]
Fiat Chrysler Seeks Investors' Approval for $54 Billion PSA Group Merger
Fiat Chrysler will today seek investors' vote to form Stellantis, a product of its merger with Peugeot maker PSA group. Todays' vote is the last vote towards the merger, which [...]
US Stocks, Bitcoin End 2020 at a record high
United States (US) stocks traded higher on Thursday, finishing 2020 at a record high despite the coronavirus pandemicdominating market sentiment throughout 2020. The Dow Jones Industrial Average, a stock market [...]China to become world's largest economy in 2028-Think Tank
China will overtake the USA to become the world's biggest economy in 2028, five years earlier than previously estimated, said the UK-based Centre for Economics and Business Research in its [...]
Southwest Airlines to Take Delivery of 35 737 MAX Aircraft
World's largest low-cost carrier, Southwest Airlines, has announced plans to take delivery of 35 Boeing 737 MAX aircraft throughthe end of 2021. According to Southwest Airlines, the deliveries include 16 [...]Rolls-Royce Publishes Revolutionary AI Ethics Framework
Rolls-Royce has published a ground breaking Artificial Intelligence Ethics toolkit and framework in a move aimed at advancing ethical use of AI by organisations and governments. This marks a huge [...]India Suffers First Recession in 25 Years
Asia's third-biggest economy, India, hasentered into recessionfor the first time in twenty-five years due to the global COVID-19 pandemic. Official data showsthe gross domestic product (GDP) for the July-September quarter [...]UK to Suspend Tariffs on US Goods WEF 1st January 2021
The United Kingdom (UK) has announced plans to drop tariffs against the US over aerospace firms' subsidies, even as they seek to reach a post-Brexit trade deal with Washington. The [...]US Stock Market Hits Record High
The US stock market continues to rise as the Nasdaq 100 and the SP 500 touched new record highs on Tuesday driven by the positive news around the progress on [...]Japan Unveils Fresh COVID-19 Stimulus Package
Japan has unveiled a fresh round of stimulus for the Japanese economy, amounting to $708 billion, with about $384 billion set to come in the form of direct spending. The [...]Boeing Bags First 737 Max Bulk Order Since Grounding
Boeing has bagged the first-ever bulk order for its troubled 737 Max aircraft, since its grounding in March 2019. This is after Irish budget airline, Ryanair agreed to buy 75 [...]Boeing 737 Max Receives New Air Certificate from FAA
Boeing 737 Max has received its first airworthiness certificate from the Federal Aviation Administration (FAA), thus ending its 20-month-old grounding order since March 2019 following two fatal crashes that killed [...]
