Monthly Archives: March 2023
Mastern America, the US-focused property investing arm of Korean firm Mastern Investment Management, will allow individual investors to plough cash into its portfolio. Although real estate investment has traditionally been the preserve of institutional investors, Joseph Oh, CEO of Mastern America, sees potential in opening up the market to a wider range of investors. To […]
A Pakistani court has issued a non-bailable arrest warrant for Imran Khan, the chairman of the political party Pakistan Tehreek-e-Insaf, over alleged use of threatening language against a judge. In August last year, the federal capital police accused the former prime minister of breaching Section 7 of the Anti-Terrorism Act regarding his comments against the […]
South Korea\’s semiconductor industry is under pressure to choose a side in the rivalry between the US and China as Washington announced requirements for its $52bn semiconductor funding program. The South Korean government is also concerned as the requirements of the CHIPS Act call for subsidy applicants to share business information and excess profits with […]
Freeland\’s budget has to tread a narrow path between competing demands for cash: sources | CBC News
The 2023 Canadian federal budget, to be unveiled on March 28, will prioritize three main areas: affordable living measures, investments in the clean industrial economy, and additional resources for provincial healthcare funding. Despite these priorities requiring significant spending, the budget will be constrained by a worsening fiscal situation. Experts suggest that Canada needs a focused […]
The UK needs to adopt a more strategic approach to economic policy and not simply react impulsively to global developments, such as Joe Biden\’s Inflation Reduction Act and its green subsidies. To respond effectively, the UK must first accept the reality of the situation, which is that the US is pursuing a powerful combination of […]
The board of directors of Hascol Petroleum Limited (HPL) has approved a scheme of arrangement that will restructure its debt once it has been approved by the company\’s secured creditors and members. The modified scheme was prepared under Sections 279 to 282 and 285 of the Companies Act, 2017, and incorporates feedback from HPL\’s creditors. […]
The upcoming week will see a focus on sustainable energy and electric cars, as the EU is set to unveil its Net Zero Industry Act on Tuesday, aimed at allowing homegrown green energy firms to provide 40% of the European bloc\’s capacity needs in five low-carbon technologies. The Act is seen as an effort to […]
Australia will reportedly purchase three US nuclear-powered submarines, with the option to buy two more, in what is expected to be the nation\’s largest defence acquisition costing at least $100bn. Prime Minister Anthony Albanese will unveil the deal through the AUKUS trilateral security pact with the UK and US in San Diego. The submarines, using […]
Silicon Valley Bank UK has been sold to HSBC in a bid to prevent a potential banking crisis after the bank\’s historic failure. The UK Treasury and the Bank of England announced the purchase of the bank, guaranteeing the safety of £6.7bn of deposits. The purchase came after UK officials worked tirelessly over the weekend […]
China is set to boost its global share of cobalt supply to 50% over the next two years, up from its current level of 44%, as the surge in production drops the metal\’s price to a 32-month low. China\’s refining activity in cobalt has more than doubled in the past five years to 140,000 tonnes, […]