Airlines across the world are concerned about possible losses from covid's third wave. Now America's United Airlines it has trimmed its capacity forecast and warned of higher cost after posting a smaller than expected fourth quarter loss this after citing turbulence from omicron coronavirus variant.

Covid: Airlines cut capacity forecast due to Omicron variant

Russian energy giant Gazprom has rejected Moldova's request to reschedule its January gas payment, prompted the country to face a state of emergency in its energy sector.

Moldova faces state of emergency over Gazprom gas payment

In the world of business and what has happened is this remarkable deal which is the biggest gaming deal in history where Microsoft is now buying Call Of Duty maker Activision Blizzard for a jaw-dropping 68.7 billion dollars.

'Call of Duty' maker to be bought by Microsoft | Business News

A US senate panel is set on Thursday to debate a bill that aims to rein in app stores of companies that some lawmakers say exert too much market control, including Apple Inc and Alphabet Inc's Google.

US Senate panel to debate app store reform bill

Marked by fresh geopolitical tensions amid Omicron concern, Brent crude oil prices have hit the highest level in more than seven-year.

Brent oil hits highest level in over seven years

The US auto safety regulator is discussing heating issues of some Tesla vehicles with the automaker and evaluating "potential safety concerns."

US auto safety regulator evaluating potential safety concerns related to heating issue of Tesla cars

Singapore lender United Overseas Bank has agreed to buy Citigroup's consumer businesses in Indonesia, Malaysia, Thailand, and Vietnam for about 3.65 billion American dollars.

Singapore lender United Overseas Bank has agreed to buy Citigroup's retail operations

A factory assembling apple iPhones in the southern Indian state of Tamil Nadu is gradually getting back in action. This comes after nearly a month-long shutdown following complaints on poor living conditions of workers. Apple Inc supplier Foxcon will reopen an iPhone manufacturing facility in the state.

India: Foxconn India iPhone plant to reopen in Tamil Nadu

Animations to video clips sales of NFTs reached some 25 billion dollars in 2021, as the cumulative crypto-asset exploded in popularity. However, reports say there are signs of growth slowing towards the end of the year.

Non-Fungible token sales hit $25 Billion dollars in 2021

Registering its second annual decline in a row Mexico's auto production fell by almost two percent last year in comparison to 2022. This is Mexico's flagship industrial sector struggling to pull past the pandemic shocks and also a global semiconductor shortage.

World Business Watch: Mexico's flagship industrial sector struggles

There's been another wave of Covid19 infections across India driven by the Omicron variant of the Coronavirus, and this, of course, had a serious impact on India's aviation sector.

World Business Watch: Air passengers numbers in India decline

In latest tightening of rules, Chinese regulator National Development and Reform Commission (NDRC) said that domestic companies from sector off-limits to foreign direct investment (FDI) would have to seek permission before listing shares outside mainland. The new rules would apply to internet news companies and others in sectors in which FDI is restricted or prohibitted.

The NDRC announced the new rules on Monday in a statement. The statement also included an updated annual "Foreign Investment Negative List" that outlines business sectors where foreign direct investment is banned or restricted.

The new rules now apply that list to companies issuing shares overseas for the first time, and come as China is tightening scrutiny over offshore share sales.

Chinese companies in sectors prohibited for foreign investment "should get clearance from relevant Chinese regulatory bodies, if they seek share sales and list in overseas markets," the NDRC said, plugging a regulatory loophole.

In addition, "foreign investors must not participate in the operation and management of the companies" and their holdings are to be capped at 30%, in line with the rules regulating locally-listed companies.

The latest Negative List includes prohibited sectors such as compulsory education institutions, news organizations and rare earth minerals.

Additionally, overseas investment in industries ranging from publishing, nuclear power stations and telecom is restricted.

Many Chinese companies use a so-called variable interest entity (VIE) structure to float overseas, skirting the foreign investment restrictions in areas such as media and education. read more

The NDRC statement comes just days after China's securities regulator published draft rules requiring filings by companies seeking offshore listings to ensure they comply with Chinese laws and regulations. read more

Under the new filing system, VIE-structured companies will still be allowed to list as long as they are compliant.

"The NDRC statement goes hand in hand with the filing system," and will likely restrict the use of VIEs, said Zhan Kai, a lawyer at East &amp; Concord Partners. Kai was quoted by Reuters

However, China's Ministry of Commerce framed the new rules as a gesture of policy relaxation.

"China is exploring ways to allow companies in sectors off-limits to foreign investment to list overseas under certain conditions, expanding investment channels for foreign investors," the ministry said in a separate statement.

(With inputs from agencies)

In latest tightening of rules, Chinese regulator National Development and Reform Commission (NDRC) said that domestic companies from sector off-limits to foreign direct investment (FDI) would have to seek permission before listing shares outside mainland.

In latest tightening of rules, Chinese regulator National Development and Reform Commission (NDRC) said that domestic companies from sector off-limits to foreign direct investment (FDI) would have to seek permission before listing shares outside mainland. The new rules would apply to internet news companies and others in sectors in which FDI is restricted or prohibitted. The NDRC announced the new rules on Monday in a statement. The statement also included an updated annual "Foreign Investment Negative List" that outlines business sectors where foreign direct investment is banned or restricted. The new rules now apply that list to companies issuing shares overseas for the first time, and come as China is tightening scrutiny over offshore share sales. Chinese companies in sectors prohibited for foreign investment "should get clearance from relevant Chinese regulatory bodies, if they seek share sales and list in overseas markets," the NDRC said, plugging a regulatory loophole. In addition, "foreign investors must not participate in the operation and management of the companies" and their holdings are to be capped at 30%, in line with the rules regulating locally-listed companies. The latest Negative List includes prohibited sectors such as compulsory education institutions, news organizations and rare earth minerals. Additionally, overseas investment in industries ranging from publishing, nuclear power stations and telecom is restricted. Many Chinese companies use a so-called variable interest entity (VIE) structure to float overseas, skirting the foreign investment restrictions in areas such as media and education. read more The NDRC statement comes just days after China's securities regulator published draft rules requiring filings by companies seeking offshore listings to ensure they comply with Chinese laws and regulations. read more Under the new filing system, VIE-structured companies will still be allowed to list as long as they are compliant. "The NDRC statement goes hand in hand with the filing system," and will likely restrict the use of VIEs, said Zhan Kai, a lawyer at East & Concord Partners. Kai was quoted by Reuters However, China's Ministry of Commerce framed the new rules as a gesture of policy relaxation. "China is exploring ways to allow companies in sectors off-limits to foreign investment to list overseas under certain conditions, expanding investment channels for foreign investors," the ministry said in a separate statement. (With inputs from agencies)

China: Companies in certain sectors to need permission before offshore listing

Belarus envoy to India Andrei Rzheussky has dismissed allegations of his country pushing migrants to Poland, Lithuania saying "we did not provoke this crisis". The migrant crisis at the border between Belarus on one side and Poland and 3 Baltic countries Lithuania, Latvia, Estonia on the other side has seen influx of thousands of migrants, most from countries like Iraq. The development has further worsened the already tensed ties between Minsk and its western Neighbours.

Belarus envoy Rzheussky dismisses his country pushing migrants into EU

In terms of the number of new unicorns, India had a fantastic year.

Only the United States and China were ahead of it, and it surpassed the United Kingdom.

There were 54 unicorns from India, up from 33 the year before.

With a valuation of $21 billion, India's most successful unicorn is edtech behemoth Byju's.

It is ranked 15th in the world.

The Hurun Research Institute's Global Unicorn Index 2021 is a ranking of the world's start-ups that were created in the 2000s, have a market capitalization of at least a billion dollars, and are not publicly traded.

The deadline for submissions was November 30.&nbsp;

According to Rupert Hoogewerf, Chairman and Chief Researcher of the Hurun Report, countries with the most unicorns have a more dynamic economy.

At least one unicorn can now be found in 42 economies, up from just 25 just two years ago.

However, Russia, Saudi Arabia, and Poland are among 160 countries where no unicorns have been discovered.

Mexico, the Netherlands, the Bahamas, Belgium, Chile, the Czech Republic, Denmark, Norway, Senegal, Thailand, Turkey, the United Arab Emirates, and Vietnam are among the thirteen countries that have produced unicorns for the first time.&nbsp; 
 
ByteDance is the most valuable company in the world, valued at $350 billion, followed by Ant Group at $150 billion, SpaceX at $100 billion, finch Stripe at $95 billion, Klarna at $46 billion, Canva at $40 billion, InstaCart at $39 billion, Databricks at $38 billion, Cainiao at $34 billion, and Revolut at $33 billion.

(With inputs from agencies)

In terms of the number of new unicorns, India had a fantastic year. Only the United States and China were ahead of it, and it surpassed the United Kingdom. There were 54 unicorns from India, up from 33 the year before.

In terms of the number of new unicorns, India had a fantastic year. Only the United States and China were ahead of it, and it surpassed the United Kingdom. There were 54 unicorns from India, up from 33 the year before. With a valuation of $21 billion, India's most successful unicorn is edtech behemoth Byju's. It is ranked 15th in the world. The Hurun Research Institute's Global Unicorn Index 2021 is a ranking of the world's start-ups that were created in the 2000s, have a market capitalization of at least a billion dollars, and are not publicly traded. The deadline for submissions was November 30. According to Rupert Hoogewerf, Chairman and Chief Researcher of the Hurun Report, countries with the most unicorns have a more dynamic economy. At least one unicorn can now be found in 42 economies, up from just 25 just two years ago. However, Russia, Saudi Arabia, and Poland are among 160 countries where no unicorns have been discovered. Mexico, the Netherlands, the Bahamas, Belgium, Chile, the Czech Republic, Denmark, Norway, Senegal, Thailand, Turkey, the United Arab Emirates, and Vietnam are among the thirteen countries that have produced unicorns for the first time. ByteDance is the most valuable company in the world, valued at $350 billion, followed by Ant Group at $150 billion, SpaceX at $100 billion, finch Stripe at $95 billion, Klarna at $46 billion, Canva at $40 billion, InstaCart at $39 billion, Databricks at $38 billion, Cainiao at $34 billion, and Revolut at $33 billion. (With inputs from agencies)

India beats UK, creates third-highest number of unicorns in 2021

For long china has been accused of using its tech companies for state surveillance. Now- a report has said that tech giant Huawei has been playing a major role in domestic spying

China uses tech giant Huawei for surveillance?

Toyota Motor Corp committed 8 trillion yen ($70 billion) to electrify its automobiles by 2030, half of it to develop a battery electric vehicle (BEV) line-up, as it looks to tap a growing market for zero-emission cars.

Toyota commits $70 bln to bolster electrification

The CEO of Uber Technologies is looking to sell stakes in non-strategic assets including its holding in Beijing-based Didi Global Inc, which also described the China market as a tough one with little transparency.

Uber likely to sell Didi, China market has little transparency, states CEO

More than half of European workers say they are more productive in their work, thanks to the boom in work from home following the COVID-19 restrictions, a survey showed on Thursday.

'Yes' to work from home, office resumption difficult after Covid

In a move to lower emissions and promote electric cars, the US government plans to end purchases of gas-powered vehicles by 2035 in a move to lower emissions and promote electric cars under an executive order signed by President Joe Biden.

US government to go electric by 2035, move aims to lower emissions, promote EVs

Many Indian companies are going global in a big way by acquiring companies overseas, it is to diversify and expand in their own business, one such company is CG Foods that have acquired Gallina Blanca's Russia and CIS businesses.

CG Group: Maker of Wai Wai noodles to expand global footprint

China Evergrande Group has set up a risk management committee as the cash-strapped property developer inches closer to a debt restructuring that has loomed for months over global markets. The group shares were up by 7% in early trading.

China's Evergrande shares up over 7%, inching towards debt restructuring

The Japanese government is considering raising its economic growth forecast for fiscal 2022 to take into account the effects of its record $490 billion stimulus package.

Japan govt considering lifting FY2022 economic growth forecast

China-listed companies are increasingly divesting real estate businesses amid stricter regulatory scrutiny of the industry, according to filings and state media, in a year dominated by headlines of financial woe at China Evergrande Group.

China-listed firms rush to divest property businesses amid real-estate crackdown

The world's biggest automaker complies with tighter emission rules in the region, Toyota Motor Corp said all new vehicle sales in Western Europe will be zero-emission models by 2035.

Toyota will sell only zero-emission cars in Europe by 2035

Volkswagen's premium automaker Audi's joint venture to build electric vehicles in China with state-owned FAW Group is behind schedule due to a delay in approval by the relevant authorities.

Approval for Audi-FAW electric vehicle venture in China delayed

Visa and Mastercard are unhappy and have complaints about India backing for local rival RuPay, as Visa remains concerned that PM Modi has been promoting homegrown RuPay for years, posing a challenge to Visa and Mastercard in the fast-growing payments market.

Visa, MasterCard raises concern about promotion of Rupay

Nayib Bukele, El Salvador president has said that he plans to build the world's first Bitcoin city, the construction will be initially funded by bitcoin-backed bonds.

El Salvador's president Nayib Bukele Plans World's First Bitcoin City

Chinese e-commerce giant Alibaba heightened worries about Beijing's broad regulatory crackdown and slowing growth in the world's second-biggest economy.

China: Alibaba shares drop after disappointing earnings

Tesla is recalling 7,6000 vehicles in the US for a potential air bag issue. As National Traffic Safety Administration (NHTSA), the affected Tesla electric cars reportedly come equipped with faulty driver air bag cushions that may tear during deployment.

Tesla recalls 7,600 cars in United States over faulty airbags

Swedish carmaker Volvo is planning to make a car plant in Europe by the year 2025 to boost its production capacity beyond 1.2 million vehicles per year.

World Business Watch: Construction of a new plant to start in 2025

UK Prime Minister Boris Johnson has got embroiled in yet another controversy. In previously unpublished diary extracts by Johnson’s former lover Jennifer Arcuri, the US businesswoman revealed details of how the British leader allegedly overruled the advice of staff to promote her business interests to win her affection. &nbsp;

The diary entries were exclusively accessed and published by British publication 'The Observer'. According to one entry, the then London mayor also offered to be her “throttle” to push her business career.&nbsp;These claims put Johnson in a fix as he may face the possibility of a potential criminal investigation into misconduct allegations. &nbsp;

Written during Arcuri’s affair with Johnson, the diary entries suggest that the PM broke the rules governing ethical conduct in public office in his dealings with the businesswoman. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/pope-francis-thanks-journalists-for-exposing-sexual-abuse-cases-429210" hreflang="en">Pope Francis thanks journalists for exposing sexual abuse cases</a>

The excerpts, which have been handwritten, portray UK PM as desperate to offer help in promoting her business as he looked to pursue a sexual relationship with the then 27-year-old. &nbsp;

In another entry, the writer says the prime minister told her, “How can I be the thrust – the throttle – your mere footstep as you make your career? Tell me: how I can help you?” &nbsp;

In 2019, Arcuri gave her diaries to veteran journalist John Ware after he made a documentary on her relationship with Johnson. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/uk-university-defends-its-student-unions-decision-to-offer-sex-work-training-429189" hreflang="en">UK university defends its student union's decision to offer sex work training</a>

Arcuri has now agreed to allow publication of some extracts at Ware’s request after Johnson’s statements last week about public probity, including how MPs, who break conduct rules “should be punished”. &nbsp;

A government spokesperson, while responding to the latest Arcuri revelations, said, “As mayor, Boris Johnson followed all the legal requirements in the Greater London Assembly’s [sic] code of conduct at the time.” &nbsp;&nbsp;

(With inputs from agencies)&nbsp;

UK Prime Minister Boris Johnson has got embroiled in yet another controversy. In previously unpublished diary extracts by Johnson’s former lover Jennifer Arcuri, the US businesswoman revealed details of how the British leader allegedly overruled the advice of staff to promote her business interests to win her affection.

UK Prime Minister Boris Johnson has got embroiled in yet another controversy. In previously unpublished diary extracts by Johnson’s former lover Jennifer Arcuri, the US businesswoman revealed details of how the British leader allegedly overruled the advice of staff to promote her business interests to win her affection. The diary entries were exclusively accessed and published by British publication 'The Observer'. According to one entry, the then London mayor also offered to be her “throttle” to push her business career. These claims put Johnson in a fix as he may face the possibility of a potential criminal investigation into misconduct allegations. Written during Arcuri’s affair with Johnson, the diary entries suggest that the PM broke the rules governing ethical conduct in public office in his dealings with the businesswoman. Also Read: Pope Francis thanks journalists for exposing sexual abuse cases The excerpts, which have been handwritten, portray UK PM as desperate to offer help in promoting her business as he looked to pursue a sexual relationship with the then 27-year-old. In another entry, the writer says the prime minister told her, “How can I be the thrust – the throttle – your mere footstep as you make your career? Tell me: how I can help you?” In 2019, Arcuri gave her diaries to veteran journalist John Ware after he made a documentary on her relationship with Johnson. Also Read: UK university defends its student union's decision to offer sex work training Arcuri has now agreed to allow publication of some extracts at Ware’s request after Johnson’s statements last week about public probity, including how MPs, who break conduct rules “should be punished”. A government spokesperson, while responding to the latest Arcuri revelations, said, “As mayor, Boris Johnson followed all the legal requirements in the Greater London Assembly’s [sic] code of conduct at the time.” (With inputs from agencies)

To win love, UK PM Boris Johnson pledged to help former lover Jennifer Arcuri's business, says report

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