The US House Financial Services Committee has approved a proposal to provide another $15bn financial aid package to US airlines. This was reported by Reuters. This is the third bailout package for the airline industry, which is in serious crisis in a pandemic. The package will be included in the...

According to industry groups and former United States officials, countering China’s growing technological power needs development of China’s growing technological power by the new Biden administration of the US.   Among the measures that the Biden administration needs to take include...

Kraft Heinz Co. third largest food and beverage company in North America and the fifth-largest food and beverage company in the world, has finalised plans to divest its nuts business and will be selling off those businesses units, including most of its Planters and Corn Nuts products, to Hormel...

The increased red tapism and border disruption because of Brexit is causing problems for almost half of British exporters to the European Union, showed a survey that is one of the most comprehensive one since the leaving of the United Kingdom from the EU.   According to the survey carried...

The recent trading frenzy at the American stock exchanges in Reddit favorites such as GameStop could be shifting towards other stocks as indicated by the stocks of cannabis companies reaching fresh highs because of a strong retail investor interest.     There was a 50 per cent jump in...

With investors seeking to take advantage of the increasing institutional interest in the evolving asset class of crypto currencies, a futures derivative of ether, the second largest crypto currency in terms of market capitalization and daily volume in the world, was launched on derivatives exchange...

Raiffeisen Bank International (RBI) is buying 100% of Czech Equa bank from investment company AnaCap Financial Partners, the bank holding company said in a press release. "RBI has signed an agreement to acquire 100% of Equa bank... from AnaCap Financial Partners (AnaCap)," the statement said. It...

According to Baker Hughes, the number of rigs in the U.S. rose 9% in January, though it is still half what it was a year ago. The gradual recovery of U.S. production may force the OPEC+ countries to more actively increase their production in order not to lose market share. However, according to...

Private businesses will now be allowed to operate in most sectors of Cuba, said the government of the country on Saturday which marked the biggest reform in the country in years with respect to the state-controlled economy.    According to the daily Granma, the official newspaper of the...