Monday, July 1, 2024

Business

India signs 10-year agreement with Iran to operate at Chabahar Port

Iran and India signed a landmark agreement on May 13 to collaborate on the Chabahar Port for the next 10 years.

Key Takeaways: Germany’s leader Scholz meets Chinese President Xi to discuss trade and geopolitical tensions

German Chancellor Olaf Scholz concluded his three-day visit to China with a crucial meeting with Chinese President Xi Jinping on April 16, 2024. The visit was aimed at bolstering business ties with Germany’s largest trading partner while also addressing concerns about China’s increasing exports to Europe

Vietnamese billionaire sentenced to death in biggest financial fraud case

The Vietnamese billionaire Truong My Lan was sentenced to death for her involvement in the country’s biggest financial fraud case.

Boeing CEO, other executives to step down amid ongoing safety issues

CEO Dave Calhoun said in a message to employees on Monday that he would down from the role by the end of 2024.

World’s advanced vertical farm opens its second facility to boost British food production

Jones Food Company (JFC), the world's most advanced vertical farm, has opened its second facility JFC2 in Gloucestershire to boost British food production.

Germany overtakes Japan as world’s third-largest economy after Japan slips into recession

Japan, once a titan of the global economy, slipped to number four after Germany overtook as the world's third-largest economy, marking a significant shift in economic power dynamics.

President Xi and PM Albanese agree to improve China-Australia ties in landmark Beijing meeting

Australian Prime Minister Anthony Albanese reported "significant progress" in relations with China following talks with President Xi Jinping in Beijing during his four-day state visit.

Saudi Arabia unveils masterplan to make KSA global logistics hub

Saudi Crown Prince Mohammed bin Salman has inaugurated a comprehensive master plan aimed at fostering the development of logistical centers within the nation.

China’s new foreign minister Wang Yi visits Turkey to boost strategic cooperation

China’s newly-appointed Foreign Minister Wang Yi’s visited Türkiye to boost bilateral partnership and explore new areas of cooperation.

Turkey’s Erdogan arrives in Saudi Arabia, energy and defense agreements signed

Turkish President Recep Tayyip Erdogan kicked off his three-state Gulf tour by arriving in Saudi Arabia on Monday.

Latest News

South Korea’s KAI signs $1.4 billion deal to launch mass production of homegrown KF-21 fighter jets

Nine years after the development of South Korea’s KF-21 Boramae began, the Korean government finalized a significant deal with Korea Aerospace Industries for the production of 20 fighter jets