Tui Group set to raise €1.1bn with easing travel restrictions

Tui Group, one of the largest travel groups in Europe, is reportedly set to raise €1.1 billion (~USD 1.2 billion) to enhance its balance sheet as the travel industry starts to recover from the worst effects of the COVID-19 pandemic. Reports suggest, Tui saw its UK winter bookings trending stro

South Korea and Italy to deepen ties for sustainable economic growth

The two countries to forge a stronger partnership in the biotechnology and green energy sectors. The partnership was initially agreed upon in October 2018, but follow-up meetings were delayed due to the pandemic. South Korea's trade ministry is seeking to strengthen partnership with Italy

U.K. chalks out post-Brexit path with “pro-innovation” AI strategy

The Government of U.K. has reportedly announced its plans to roll out a “pro-innovation” AI strategy to promote technological development with minimum regulatory interference from the government. The strategy would strengthen the country’s position as global superpower in the fiel

South Korea to supply over 1 Mn COVID-19 vaccines to Vietnam next month

The move will allow South Korea and Vietnam to strengthen ties as strategic partners. The deal is supposed to be South Korea’s first COVID-19 vaccine commitment to a foreign country. South Korea will reportedly provide more than 1 million doses of COVID-19 vaccines to Vietnam in October

Nigeria to join forces with Egypt to improve electricity supply

The two countries were in talks last year over forming a collaboration in the area of power generation Abubakar Aliyu, Nigeria's Minister of Electricity, has recently announced that the federal government will look into alternative ways to collaborate with Egypt's government to improve the

Shinsei Bank requests Sony for help to counter SBI's takeover offer

Shinsei Bank, a leading diversified Japanese financial institution, has reportedly requested Sony Group Corp. to assist it in countering a takeover proposal by online banking business, SBI Holdings Inc., according to sources familiar with the matter. Supposedly, if Sony agrees to become a "whi

Climate change could force around 200Mn people to migrate by 2050

A World Bank report published recently states that in the next three decades, climate change might force more than 200 million people to leave their homes and create migration hotspots, unless immediate action is taken to curb global emissions. A report published by Groundswell glanced at the effec

Fossil fuels must stay underground to tackle climate change: Scientists

Researchers have recently advised that about 90% of coal reserves and 60% of oil and gas reserves must be kept underground to keep global warming below 1.5 degrees Celsius. The prediction is based on a thorough examination of global energy supply and demand. Researchers describe it as a harsh but a

Cholesterol-lowering Inclisiran to be administered to thousands on NHS

Inclisiran, a cholesterol-lowering drug could reportedly be offered to people on the NHS. The ‘game-changing’ drug is hoped to avert thousands of strokes and heart attacks in the coming years. Thousands of people with mixed dyslipidemia (a condition wherein the person has higher-than-no