The President of United States (U.S.), Joe Biden is planning for a new economic package of $3 trillion to boost the economy, infrastructure and domestic needs. This package also includes in narrowing down the economic inequality, reducing carbon emissions with giant infrastructure plan that may be financed in part through tax increases on corporations. After […]
The American based investment management company Blackstone has offered to buy Australia’s leading gambling and entertainment complexes Crown Resorts for $6.2 billion (A$8.02 billion). Crown Resorts is one of Australia’s largest entertainment groups and makes a major contribution to the Australian economy through its role in tourism, employment, training, and its corporate responsibility programs. Crown’s […]
The England based online food delivery company, Deliveroo is aiming for a valuation up to £8.8 billion ($12.2 billion) in its upcoming initial public offering (IPO) in London Deliveroo, which is backed by Amazon, has set a price range of between £3.90 and £4.60 per share for its initial public offering (IPO), implying an estimated […]
The Saudi Arabian public petroleum and natural gas company Saudi Aramco partners with East asian country China to increase its energy supply for the next 50 years as new and existing energy sources run in parallel for some time. One of the world’s biggest oil exporter, Saudi Arabia has retained its position as China’s top […]
China National Offshore Oil Corporation ( CNOOC ) and Petroliam Nasional Berhad ( PETRONAS ) has announced that both the company’s have signed Memorandum of Understanding (MoU) together to pursue Mutual growth through closer collaboration. PETRONAS in a statement said that signing Memorandum of Understanding (MoU) with CNOOC will elevates the long-standing relationship between the […]
The American technology conglomerate Facebook teams up with Rupert Murdoch ’s News Corp Australia after the county’s government passing the rule that requires tech companies to pay for news content. This deal will allow content from Rupert Murdoch’s local media empire and The Australian newspaper, to be featured on Facebook news. Anticipating the new law […]
The German automaker Volkswagen plans to build electric vehicle battery plants in Europe to expand its infrastructure and speed up mass adoption of battery-powered cars. Volkswagen said that it plans to build six battery cell factories by 2030 in Europe with production capacity of 240 gigawatt hours per hour. A spokesperson said that’s enough to […]
The European Medicines Agency (EMA) of the European Union has approved single shot Johnson & Johnson COVID-19 Vaccine, as it met the safety and quality criteria for people in the age group of 18 years and above in the European Union. Around 200 million doses of Johnson and Johnson vaccine has been ordered by European […]
The Malaysian oil company Petroliam Nasional Bhd ( Petronas ) and Abu Dhabi National Oil Company (ADNOC) has signed a key agreement together on jointly exploring opportunities in the low-carbon energy industry. This is a first such partnership between the two state owned oil producers. Abu Dhabi National Oil Company, in a statement said that […]
The flag carrier of Hong Kong, Cathay Pacific said that it had recorded an annual loss of $2.8 billion (HK$21.6 billion) previous year because of COVID-19 pandemic. The financial performance of the company sank even lower than predicted. In the second half of 2020, losses increased to HK$11.7billion from the previously announced HK$9.9 billion. It […]
The British multinational telecommunications company Vodafone Group plc and Vantage towers AG its European towers Unit has set a price range for a planned initial public offering of Vantage, in which shares are worth up to $3.1 billion. This will be one of the region’s biggest stock market listings this year. and the U.K telecommunications […]
The American Multinational company General Electric Co ( GE ) is nearing a deal with Ireland’s AerCap Holdings for $30 billion to combine its jet-leasing business ( Behemoth Aircraft Lessor ). After acquiring International Lease Finance, AerCap has become the world’s largest aircraft leasing company. GE capital aviation services and AerCap both have 3,000 aircraft […]
Dubai’s fintech firm YAP has launched its first Digital banking services in United Arab Emirates. YAP is a Neobank focused wholly on improving the digital banking experience. It functions as an independent app with no physical branches. The firm does not provide any loans or mortgages like the traditional banks and it does not ask […]
The Indian multinational corporation Wipro announced that it has signed an agreement to acquire London based technology management consultancy Capco for $1.45 billion. Capco is a global management and technology consultancy providing financial services with a dedicated energy division, headquartered in London. The company Capco provides technology and consulting services to financial institutions in Europe, […]
The International Finance Corporation ( IFC ), a member off the World Bank Group, and National Central Cooling Company PJSC( Tabreed ), one of the leading UAE-based international district cooling developer are planning to establish a District Energy Investment platform. Both the establishments are clubbing together to establish District Energy Investment Platform in Singapore that […]
