Australia looks to give a new push to electric cars as Australian banks plan to stops giving loans for diesel and gasoline cars as a way to encourage sales of cars that run on alternate fuel. Australia is trying to encourage the use of electric vehicles and also to catch up with other developed nations. […]
Tag: business
Relief for China as Exports Gain Steam
China’s economy after being bruised by COVID led lockdowns, China’s export growth unexpectedly picked up speed last month. This comes as a relief also for the world’s second largest economy that is trying to gain some momentum now. Data shows China’s exports were up 18% in July to US$333 billion from last year at a […]
Midsize Chinese Venture Capital firms are scrambling for cash as foreign investors want to cash out
Investors all over the world have invested a lot of money in Chinese venture capital firms and this has helped in funding many tech start-ups. But now all the pension funds, sovereign bond funds are pulling back from China as they are worried about Chinese government’s crack downs on tech startups, more COVID lockdowns and […]
Apple Inc. on Russia’s Competition Authority’s List for Violating Anti-Trust Laws
The Federal anti-monopoly service (FAS) which is Russia’s competition authority said that it would fine US tech giant Apple for violating of Russia’s antitrust laws and abusing its dominant position in the iOS app distribution market. FAS said that the size of the fine would be determined during the course of an administrative investigation and […]