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Farmers In China Are Facing A Fertiliser Shortage As A Result Of COVID Restrictions

Covid-19 restrictions in China are delaying fertiliser supplies to the country's northeastern breadbasket just a month before spring planting, putting this year's corn and soybean crops at jeopardy if not resolved soon.   Fertiliser is normally made in early April and applied to fields later...

Puppeteers In Taiwan Bow Resorting To NFTs To Keep Alive Their Craft

Non-fungible tokens, or NFTs, are being considered by a group of Taiwanese puppeteers as a way to help bring their traditional art form into the modern era and keep it relevant for a new audience.   NFTs are crypto assets that represent a digital item such as a picture, video, or even...

How Volkswagen's Trinity Plans To Catch Up To Tesla With Giga-Casting And Robotics

While Tesla begins production at its new German plant this month, Volkswagen is just weeks away from finalising plans for a 2 billion euro ($2.2 billion) electric vehicle (EV) factory that it hopes will catch up to its American competitor.   Tesla claims that its new Giga Berlin-Brandenburg...

Consumer Watchdog Of The US Targeting Repeated Corporate Misbehaviour

The Consumer Financial Protection Bureau (CFPB) of the United States announced on Monday that it aims to create "dedicated units" inside its enforcement and supervision divisions to better discover repeat corporate violators.   Rohit Chopra, who became director of the Consumer Financial...

Deal On Rules Requiring Tech Firms To Control Content Could Be Reached In April: EU's Vestager

According to EU antitrust chief Margrethe Vestager, a deal between European Union governments and EU parliamentarians that would oblige large internet firms to do more to police the material and content published on their platforms, could be reached by next month.   Vestager had introduced...

EU And The US Reach Agreement On New Data-Sharing Deal, Providing Some Relief To Big Tech

The European Union and the United States declared on Friday that they had reached a "in principle" agreement on a new framework for cross-border data transfers, bringing much-needed respite to internet behemoths like Meta and Google.   For more than a year, authorities on both sides of the...

Argentina's Crucial $45 Billion Programme Will Be Decided By The IMF Board

According to two sources, the International Monetary Fund (IMF) will make a decision on Argentina's $45 billion programme on Friday, with the country expected to cross the final obstacle to renegotiate its debt with the Washington-based lender.   The accord would be Argentina's 22nd IMF...

US Reintroduces 352 Chinese Product Exclusions From Tariffs

The Office of the United States Trade Representative (USTR) has announced that it had reintroduced 352 product exclusions from U.S. "Section 301" tariffs on Chinese imports that had already expired. The number of inclusions however was far lower than the 549 exclusions that the UST had been...

Swiss Authorities Have Placed A Freeze On Over $6 Billion In Sanctioned Russian Assets

According to reports quoting an official of the government of Sweden, the Swiss government has frozen roughly 5.75 billion Swiss francs ($6.17 billion) in Russian assets in Switzerland that are subject to sanctions, and the sum is certain to climb.   "Today, for the first time, I can give...

In 2021, Worldwide Music Market Was Valued At $26 Billion Dollars

With the support of singers like BTS, Taylor Swift, and Adele, global music earnings climbed at their quickest rate in more than two decades last year.   In 2021, revenues increased by 18.5 per cent to $25.9 billion, the most since records began in the 1990s. Streaming was the main driver of...

Oil Prices Surge Over News Of EU Mulling Russian Oil Ban, And Hit To Saudi Refinery Production

Oil prices rose $3 on Monday, with Brent topping $110 a barrel, as European Union countries consider joining the US in a Russian oil embargo, while a weekend attack on Saudi oil installations sparked fears.   Brent crude futures were up $3.44, or 3.2 percent, to $111.37 a barrel by 0443 GMT,...

Foreign Companies Exiting Russia Will Have Their Assets Seized, Warns Putin

Russian integration into the global consumer economy was believed to be symbolized by the “Evropeisky” mall in Moscow as its atriums were named after cities such as London, Paris and Rome.   But, in the two weeks since Russia invaded Ukraine, major sections of the seven-story retail mall...
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