
Digital Yuan Facilitates Significant Oil Trade Deal on Shanghai Petroleum Exchange
Oct 24, 2023 06:57 am UTC| Business Digital Currency
The Shanghai Petroleum and Natural Gas Exchange announced that the digital yuan, Chinas central bank digital currency (CBDC), has been utilized in a significant oil trade deal. PetroChina International, on October 19th,...

Nestle, Volvo, Others Urge Fossil Fuel Phase-Out Ahead of UN Climate Summit
Oct 24, 2023 06:44 am UTC| Business
Companies including Nestle, Unilever, Mahindra Group, and Volvo Cars are urging political leaders to establish a clear timeline for phasing out fossil fuels. The 131 companies with nearly $1 trillion in global annual...

Tsingtao Brewery Investigates Viral Video of Employee Misconduct; Shares See Volatility
Oct 24, 2023 04:46 am UTC| Business
Tsingtao Brewery Co. Ltd. responded after a displeasing video involving its brewery worker went viral on social media. It was so repulsive that the authorities were contacted to check on the matter. The Chinese beer...

Harnessing Blockchain to Combat the Epidemic of 'Fake News'
Oct 23, 2023 14:16 pm UTC| Business Technology
Fake news has resurfaced in the limelight, and its a term that refers to the deliberate creation or manipulation of information with the goal of achieving political or economic gain, even when it is known to be false. The...

Toyota Urges Indian Government to Reduce Taxes on Hybrid Vehicles for Eco-Friendly Shift
Oct 23, 2023 10:55 am UTC| Business
Japans Toyota Motor is pushing for the Indian government to slash taxes on hybrid vehicles by up to one-fifth. The automaker argues that hybrids are significantly less polluting than petrol cars but do not receive...

Roche Holding Acquires Telavant for $7.1B, Eyes US and Japan for New IBD Drug
Oct 23, 2023 10:26 am UTC| Business
Roche Holding AG agreed to buy Telavant Holdings for $7.1 billion. The Swiss healthcare firm that operates pharmaceuticals and diagnostics businesses worldwide announced on Monday, Oct. 23, that it will acquire the...

FDA Approves Celltrion's Remsima SC, Paving Way for Autoimmune Treatment Options
Oct 23, 2023 10:14 am UTC| Business Health
South Korea-based pharmaceutical company Celltrion Inc. received approval for its new drug, Remsima SC, from the US Food and Drug Administration (FDA). The drug offers a promising treatment option for individuals suffering...