SMRT to distribute smart electric motorbikes in Singapore and APAC

Prominent Singapore based electric motorcycle manufacturer EuroSports Technologies has reportedly partnered with SMRT’s fully owned subsidiary- Strides Transportation. This partnership is geared towards manufacturing, marketing and supplying smart electric motorbikes. During its announcement

U.S. to approve $650B of IMF global reserves for low-income nations

The United States Congress is reportedly set to approve more than $650 billion worth of Special Drawing Rights or global reserves held by the IMF (International Monetary Fund) to help low-income nations that have been severely impacted by the Covid-19 crisis. According to reports, the proposed fund

Tencent’s video game arm TiMi Studios records $10B of earnings in 2020

TiMi Studios, a Tencent Games subsidiary and the videogame developer behind massive mobile hits MOBA Honor of Kings and Call of Duty: Mobile, has reportedly recorded revenues of over $10 billion for 2020, cite reliable sources. According to reports, these earnings make TiMi Studios the world’

Top Glove shares take hit as US CBP alleges forced labor, seizes goods

Shares of Top Glove Corporation Berhad, a leading Malaysian rubber glove maker, have reportedly seen a sharp fall in the stock market after the U.S. Customs and Border Protection issued notices across all U.S. ports to seize shipments of Top Glove disposable gloves. The notices of seizure were issue

World Bank to sell new wildlife bond to track rhino numbers in Africa

World Bank, the international financial institution which provides grants and loans to low- and middle-income nations, has reportedly announced that it is selling the world’s first bond that is designed to raise funds to help track and grow population of the endangered black rhinoceros across

Congo Republic inks revoked iron ore licenses deal with Sangha Mining

Following a disagreement on an iron ore exploitation deal in 2020, Congo Republic has now resigned two mining agreements with Sangha Mining. Reportedly, this deal was previously withdrawn from Australian miners Sundance and Equatorial Resources, and Avima. Delving into details, last year, the Congo

UK collaborates with FMO to protect forests in Africa, Asia & LATAM

As a significant effort against climate change, the UK government has launched the ‘Mobilising Finance for Forests’ (MFF), a program that aims on supporting private sector investment in projects that seek to restore and protect tropical forests that are spread across Asia, Africa, and La