Nov 23, 2020
Net Element (NASDAQ: NETE), a financial technology company in the process of transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through its binding letter of intent to merge with privately-held Mullen Technologies Inc., may have timed its move to perfection. The fifth plenum of the Chinese government concluded on October 29 following a four-day meeting. This year, the semi-annual gathering of China’s top leaders had a special task – finalizing the blueprint for the 14th Five-Year Plan, which will set out China’s economic policies for the period from 2021 – 2025 (https://ibn.fm/koCs5). One of the key undertakings adopted by the Chinese government during the plenum involved delineating a series of measures set to govern the development of the nation’s budding new energy vehicle (“NEV”) sector between 2021-2035, which aim to accelerate the country’s development into an automotive powerhouse.
The plan released by the State Council, China’s cabinet, listed a number of broad guidelines, namely – to improve the domestic Chinese auto sector’s capacity for technological innovation, build advanced industry ecosystems, and encourage further industrial integration and development. More specifically, the plan stated the…
NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE
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China has broken up a major transnational drug trafficking network in cooperation with Indonesia and Malaysia, seizing around 1.2 tonnes of liquid methamphetamine, China’s Ministry of Public Security said on Friday. The operation was carried out on October 21 by Indonesia’s National Narcotics Agency (BNN), which raided and shut down a large-scale drug processing and purification facility in Aceh, Indonesia, and arrested 11 people, with help from China’s National Narcotics Control Commission...
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US midterm election 2026: California voters will elect a new governor on November 3 and decide a handful of House races that could swing the balance of power in Congress.
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Qatari mediators arrived in Tehran to support ongoing negotiations between the US and Iran regarding nuclear issues. US President Donald Trump expressed optimism that the conflict with Iran would conclude soon. However, he did not elaborate on how the resolution would take place during the upcoming elections. Iran maintains its stance on nuclear demands while seeking relief from economic sanctions imposed by the US.
Pentagon officials have requested several NATO countries to tone down their public statements regarding Russia's threat. These requests are primarily directed towards Lithuania, Latvia, and Estonia. Concerns have arisen over comments suggesting Russia is cornered due to its stalled invasion of Ukraine. As the Trump administration seeks a negotiated end to the war, pressure is applied on Ukraine as well.
he founded the influential label Maybach Music Group, boosting the careers of signees like Wale, Meek Mill and French Montana.
The US Federal Communications Commission intends to vote on banning Chinese telecom firms from accessing US phone numbers. Concerns around national security have led to this potential decision against companies like China Mobile and China Telecom. The measure aims to prevent illegal robocalls and protect US telecommunications. China has opposed this likely ban, asserting it undermines legitimate business practices.
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