Summary: Intel Corp, plans to buy Global Foundries, which is one of the largest specialists in chip production by overtaking their big customer AMD for about $30 billion. Although, the biggest deal by Intel so far is the purchase of $15.4 billion of Altera Corp.in 2015. Content: Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in... Read More
Summary: The continuous global clamor for attention towards the ship’s carbon emission has pushed the International Maritime Organization to take measures to reduce pollution caused by ships. The IMO will also research market-based incentives for the purpose of adopting such mechanisms by 2024. Content: To face the rising pressures from the government and its own ranks over environmental goals, The IMO... Read More
Summary: Brazil had signed the ‘Singapore Convention of Mediation’ on 4th June at the United Nations headquarters in New York. This Convention consists of the UNCITRAL Model Law and the key provisions lie in the first ten articles. Brazil is the fifty-fourth signing state of this multilateral treaty. Content: In the era of nascent International trade and investment, it was highly important to... Read More
Summary: The Bandar Abbas Chamber (Iran), Los Angeles Area Chamber (United States), sixteen New Zealand Chambers, and thirty-one Irish Chamber now will benefit from the use of ICC’s internationally-recognized Certificate of origin (CO) label with their newly established International status as accredited members of the Certificate of origin chain which was virtually approved by forty-seven CO experts from thirty-two countries... Read More
Summary: A court in Netherland has ruled that the oil giant Shell must condense its emission to align its policies with the Paris climate accords. With full awareness of the action on climate change, Shell has declared to appeal on the Court decision and has replied on the case verdict by stipulating their business policies and journey towards a net-zero... Read More
source: https://ec.europa.eu [source: tbsnews] On top of the current targets for green banking, the Bangladesh Bank has set new plans for bank loan disbursements in financing green and sustainable projects. The central bank's Sustainable Finance Department (FSD) issued a circular for banks in this regard Tuesday. According to the circular, at least 2% of the previous year's net outstanding loans... Read More
[ Source: TBA] Bangladesh has overtaken India in the Global Sustainable Competitiveness Index 2020 (GSCI) by showing a significant improvement in utilising its resources more efficiently. Besides, the country leaped 17 notches ahead in the index, while India moved only three. With a global ranking of 115th out of 180 countries, Bangladesh widened its lead against Pakistan (174th) and Afghanistan... Read More
[ Source: The Business Standard] Bangladesh has surpassed India and Pakistan in terms of sustainable trade on the back of better performance in economic and social areas, says the Economist Intelligence Unit (EIU). However, the ranking in the environmental aspect is poor for Bangladesh due to worsening deforestation and air and water pollution, according to the EIU's latest Sustainable Trade... Read More
Over the past ten to fifteen years, the UAE has moved to the forefront of arbitration in the MENA, having built a modern state-of-the-art arbitration infrastructure. To consolidate its position as a leading arbitration hub, the UAE has seen the adoption of the Federal Arbitration Law, which entered into effect on 16 June 2018. This publication aims to shed light... Read More
[ Source: The Wall Street Journal] Boeing Co. BA +7.23% ’s board is accused of failing to properly oversee management’s responses to two fatal 737 MAX crashes and the plane’s safety problems in a shareholders’ lawsuit that cites internal company documents. The suit, filed earlier this month in a Delaware state court, claims former Chief Executive Dennis Muilenburg misled what the plaintiffs portray as a... Read More
