Author: Anjali Singh

As part of its efforts to fend off Chinese diplomatic and trade pressure on Lithuania, Taiwan is set to set up a $200m (£148m) fund to invest in the Baltic state. In a statement, Taiwan said its first investment will be made later this year in cash guaranteed by the national development fund and central bank of Taiwan. In an indication of deepening ties between the two countries, Lithuania recently allowed Taiwan to open a de facto embassy there. China’s diplomatic relations with Lithuania were downgraded a few days later. “It’s time for us to help you with your challenges,”…

Following requests from the travel sector, the government has announced that testing regulations will be relaxed for visitors visiting England. Fully vaccinated visitors to England will no longer be required to undergo a test before traveling starting at 04:00 GMT on Friday. They can also undergo a cheaper lateral flow test on day two of arrival instead of a PCR test starting on Sunday. The restrictions for self-isolation upon arrival will be altered as well. Boris Johnson revealed the shake-up earlier this week, following complaints from travel companies that the safeguards were ineffective now that Omicron had spread widely. All…

Chrysler, formerly one of the world’s leading automakers, announced Wednesday it would transform into an all-electric company by 2028. The Chrysler Airflow, a new crossover concept shown online for the CES consumer technology exhibition in Las Vegas, is the first step in those plans. According to Chrysler CEO Christine Feuell, the tech-savvy concept automobile is “a reference” to a vehicle that the company wants to sell in 2025. According to her, the undisclosed production crossover will be the first of at least two or three new all-electric cars planned by 2028, including a minivan. According to Feuell, Chrysler will be…

Walmart is betting big on customers’ desire for more convenience, stating on Wednesday that its in-home delivery service will grow from six million to 30 million households by the end of the year. Pittsburgh, Kansas City, southeast Florida, northwest Arkansas, Atlanta, Phoenix, and Washington, D.C. are among the cities where the program is currently offered. Although Ward did not provide an entire list of cities where Walmart InHome will be available, he did say that the program will be offered in large cities such as Dallas, Houston, Nashville, Los Angeles, Chicago, and Indianapolis. The Walmart in-home service enables Walmart employees…

The Vegan Society has certified that the fast-food giant’s soy and plant protein nuggets are vegan. According to the company, vegan nuggets are made with soy and other “plant proteins” – the ingredients are not specified and tossed in a crispy batter like their traditional chicken counterparts. The fast-food industry has been testing plant-based burgers for a few years, with many of them launching during Veganuary, when thousands of Britons cease to consume meat for various reasons. It was revealed that Burger King’s plant-based Rebel Whopper burger from two years ago wasn’t suitable for vegans since it was cooked on…

Take a look at some of the biggest premarket movers: 1.Foot Locker (FL) As a result of cost pressures and tougher competition, J.P. Morgan Securities downgraded the athletic footwear and apparel retailer to “underweight” from “neutral” in the premarket. 2. Warner Music (WMG) Following news of an 8.6 million share transaction by affiliates of stakeholder Access Industries, Warner Music shares dropped 4% in premarket trading. The proceeds from the transaction will not go to Warner Music. 3. Apple (AAPL) On Monday, Apple became the first U.S. company to surpass the $3 trillion market cap mark, reaching that milestone…

In the United States, Tesla has been blasted for opening a showroom in China’s disputed Xinjiang region. The business run by billionaire Elon Musk presented a showroom in the Chinese city of Urumqi on New Year’s Eve. The company announced the opening on Weibo, a prominent Chinese social media network, through its verified account. However, some Chinese people have supported the action. Slavery and genocide have been accused against the Uyghur minority community in China’s resource-rich western region. Last March, a report by more than 50 international law experts concluded that China’s treatment of Uyghurs constituted genocide, or a concerted…

Apple Inc became the first firm to reach a stock market valuation of $3 trillion on 3rd January 2022, before closing the day a hair below that level, as investors believe the iPhone manufacturer will keep releasing best-selling goods while foraying into new areas like driverless cars and virtual reality. Apple has always been a risk taking business. It doesn’t shy away from launching a product due to fear of failure and hence, it has been usually seen as a risky venture in the financial markets. This topsy-turvy curve of Apple’s stock prices growth touched new heights recently closing all…

The emirate plans $16.3bn in expenditure this year, prioritizing social and infrastructure spending. UAE’s budget includes AED59.9 billion in expenditures for 2022, and the new budget will aid Dubai’s macroeconomic recovery efforts. Dubai’s deputy ruler said in a tweet that ruler Sheikh Mohammed bin Rashid Al Maktoum approved the AED181 billion ($49bn) budget for fiscal years 2022-2024.  Dubai’s new budget aims to boost the macro-economy, according to the tweet, with a spending amount of AED 59.95 bn for 2022.  This year, 42 percent of government expenditures were set aside for infrastructure and transportation and 30 percent for social development. Taxes…

“The metaverse” is poised for growth in 2022 as Facebook parent Meta, Apple, Microsoft and Google prepare to release new hardware products and software services in what has until now been a niche market for early adopters. “Metaverses” describe the use of software and hardware that allows users to play or work in virtual three-dimensional spaces or integrate information from the internet into the real world in real-time. Supporters anticipate that in the future, improved virtual reality headsets or augmented reality glasses will be utilized to access the metaverse. Apple released the touchscreen smartphone in 2007, paving the path for…