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Boeing Increases Estimate Of Jet Demands In China To $1.47 Trln For Next Two Decades

Boeing Co boosted its projection for China's aircraft demand over the next 20 years marginally on Thursday, relying on the country's rapid recovery from COVID-19 and future development in its budget airline industry and e-commerce.   Chinese airlines would require 8,700 new planes by 2040,...

IHS Markit Report Predicts Further Light Vehicle Production In 2021 Due To Chip Shortage

The global production of light vehicles is expected to fall by about five million this year because of a global shortage of semiconductors as well as delayed packaging and testing of the chips, claimed a report from IHS Markit said.   That marked the largest estimated drop in vehicle...

British Fintechs Flock To Enter The Booming Buy Now, Pay Later Market

The “buy now, pay later” industry in the United Kingdom is booming and the two latest British firms to jump in the fray are Monzo and Revolut, two of the best known financial technology companies of the country.   Fast gaining popularity, the buy now, pay later or BNPL system of payment...

Social Media 'De-Platforming' Law Passed By Texas

Social media users can no longer be banned by platforms on the basis of their “political viewpoints" in the US state of Texas which has made such a measure illegal in the state.   Facebook, Twitter and other social media companies have been accused by some of the most prominent Republican...

Wave Of Regulatory Action Impacting Multiple Industries Defended By Chinese Media

An editorial published in the state supported Chinese tabloid Global Times recently described the criticism by the United States and the West the regulatory crackdown in multiple sectors by the country is like taking "a backward step", as smears, while also claiming that the latest actions and...

Business Confidence In UK At Four Year High In August, Finds Latest Survey

A recent survey showed business confidence in Britain has touched high that were last seen in April of 2017 as businesses banked on the hope of a strong economic rebound to pre-pandemic levels.   The latest Lloyds Bank Business Barometer found that the biggest jump in confidence was...

Japan’s Continued Retail Sales Growth In July Challenged By Covid-19 Surge

Japan’s consumer sector continued a recovery resulting in the country’s retail sales rising for a fifth straight month in July. The growth was higher than expectations even as doubts over consumer spending and resultant continued growth and have been cast by a coronavirus resurgence.   The...

Bill To Curb Google And Apple’s Commission Dominance Passed By South Korean Parliament Committee

A unanimous recommendation to pass a key law was made by a South Korean parliamentary committee which effectively bans Google and Apple from charging a commission mandatorily from software developers of all the in-app purchases made. This is the first occasion that any country has imposed such a...

Taiwan Reassures The US Over Addressing The Global Chip Shortage

Following a meeting with the newly-appointed de facto United States ambassador in Taipei, Taiwan, the island’s Economy Minister Wang Mei-hua said that Taiwan is doing all it can to address the global shortage of semiconductors – an issue that has caused production of cars by most major global auto...

Its New Photo Scanning Child Protection System Defended By Apple

Despite a backlash from customers and privacy advocates, its new system that scans users' phones for child sexual abuse material (CSAM) was defended by iPhone maker Apple. Matches of known abuse material are searched by this technology prior to them being uploaded to the company’s iCloud storage....

Growth Of China's July Factory Activity Slowest Since Feb 2020

Higher costs of raw materials, equipment maintenance and extreme weather impacted business activity in China resulting the country’s July factory activity growing at the slowest pace in 17 years.   This has given rise to concerns about a possible slowdown the second largest economy of the...

New Study Finds Digital Assets Expected To Be Bought By Most Institutional Investors

A study by Fidelity's cryptocurrency business revealed that despite price volatility of digital assets remains the main barrier for new entrants, 70 per cent of the institutional investors expect to make some invests in or buy digital assets in the future.   Digital asset investment was...
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