Boost to Tourism as Spain Reopens Borders to European Tourists
Spain reopened its borders to European tourists on Sunday, 21st June 2020. The nation seeks to kickstart its economy, which took a dip due to the coronavirus lockdown. Spain also [...]
Reprieve as Poorest Countries to Save $12 Billion in Debt Relief
Data from the World Bank reveals that the world's poorest countries could save up to $12 billion, which they owe to sovereign nations and other creditors this year through their [...]Global Trade Week Virtual Exhibition Kicks Off
With the stay home orders slowly being the new norm, MIE Events DMCC is bringing the very first online B2B Exhibition Platform the Global Trade Week Virtual Expo. With [...]Kenya Clinches Non-Permanent Seat at UN Security Council
Kenya clinched non-permanent seat at the UN Security Council (UNSC) after garnering 129 votes which is above the required threshold of two-thirds of the cast votes. Its main rival Djibouti [...]
Tesla Reaches a New 3-Year Battery Deal with Panasonic
Electric car maker, Tesla, and Japan's Panasonic have signed a three-year pricing deal relating to the manufacture and supply of lithium-ion battery cells. The agreement sets the specific terms between [...]US Allows Companies to Work with Huawei on 5G Standards
The United States has amended its restrictions on Huawei, henceforth allowing its companies to work with Huawei on setting standards for next-generation 5G networks. According to the Commerce Department, the [...]Singapore Leads in Economic Competitiveness
Singapore has been ranked 1st in the Institute for Management Development (IMD) world economic competitiveness ranking for 2019, the second time in a row. US and China trailed at 10th and 20th [...]Ride-Hailing Apps Shift Focus to Delivery Services
A drop in demand for taxi services has seen cab-hailing apps fire their employees to cut expenses. South-East Asia's leading cab-hailing service Grab Holdings has announced it will fire 360 [...]NYSE Partially Reopens Trading Floor to Market Makers
The New York Stock Exchange (NYSE) is set to partially reopen its trading floor to some market makers, with effect from Wednesday, 17th June 2020. This comes after almost three [...]Embraer Secures $600 Million Loan from Brazil
The world’s third-largest commercial jet builder, Embraer, has secured a $600 million loan, partly backed by Brazil’s government. This comes even as the aviation industry continues to be one of [...]WhatsApp Payments Go Live in Brazil
WhatsApp today launched its payment platform in Brazil. Users in Brazil will be able to use the service by linking their WhatsApp account to a credit or debit card and [...]Just Eat Beats Uber to Acquire Grubhub for $7.3 Billion
British food delivery platform, Just Eat Takeaway, has acquired America's Grubhubfor $7.3 billion, creating the world's largest food delivery service outside China. The acquisition now edges out Uber Technologies, which [...]
