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The British multinational insurance and the largest general insurer Aviva has agreed to sell its French business unit for $3.9 billion (3.2 billion euros). The French Business unit was sold to mutual insurer Aema Groupe which was recently created by the merger of two companies Macif and Aesio. This deal is considered to be the […]
Lucid Motors , The American automotive company and an electric vehicle start-up has agreed to go public in a $24 billion deal with a blank cheque company run by Michael Klein who was a veteran deal maker. The deal between California-based Lucid, Churchill Capital Corp IV and Newark Is the largest in a series of […]
Nestle the food and drink processing conglomerate corporation and one of the largest food company in the world, is selling its bottled water brand for $4.3 billion.A Pasco county brand Zephyrhills Natural Spring Water which pumps water from nearby crystal spring into bottles throughout the southeast. The company is selling its bottled water brands ( Deer […]
Carlyle , the American multinational private equity, alternative asset management and financial services corporation is all set to invest $200 million in Kakao Mobility in a pre-initial public offering. Kakao Mobility is a technology company found in August 2017 that offers a variety of transportation-related services such as taxi, designated driver, parking and navigation through […]
American aerospace manufacturer and space transportation services company SpaceX raises $850million sending the company’s valuation to $74 billion. SpaceX raised new funds at $419.99 a share just a cent below the $420 price that Elon Musk made infamous in 2018, when he announced that he had “funding secured” to take Tesla private. The current raise […]
The prices of Bitcoin has reached a record high of $50,000 to become world’s number one crypto currency after some of the major financial institutions such as MasterCard, BNY Mellon and BlackRock had disclosed their plans to enter Cryptocurrency. Over the past few days the world’s biggest Cryptocurrency traded at a price range of 49,950.93 […]
The East Asian country, Japan ’s economy shrinks in the fourth quarter of 2020 due to COVID-19 , the economy surged by 4.8 per cent over the year, its first contraction since 2009 at during the peak of Global financial crisis. Analysts believe that the surge wasn’t that worse due to a strong October-December performance, […]
Muzibul Haque, a 75-year-old retired carpenter who lives in a remote village in Bangladesh’s southern district of Pirojpur, collects his old-age allowance on his mobile phone from the government, a development that was unthinkable even in recent past. Previously, he had to travel 10 kilometers, spend a considerable amount of time and bear the travel […]
Banks in Europe exposed to small- and medium-sized businesses constitutes a major challenge when applying for a new European Union classification system on climate-friendly investments due to insufficient data. The report compiled by United Nations Environment Programme Finance Initiative and European Banking Federation studied the system’s impact on Twenty six of Europe’s largest banks. Checking […]
The shares of Asia – Pacific region goes down following four straight sessions of losses with delay in vaccine rollouts and new strains of Coronavirus which will affect global economic recovery. MSCI’s (Morgan Stanley Capital International) index of Asia – Pacific shares slipped down to 0.4 percent outside Japan. Tokyo’s Stock Exchange Nikkei bounced 0.4 […]
The Anglo-Swedish drug maker AstraZeneca plc will deliver an additional 9 million vaccine doses to the European Union in the first quarter of 2021 despite the Chaos. Ursula von der Leyen, the president of European Commission announced on twitter that the AstraZeneca would start delivering the vaccine a week earlier than scheduled and expand its […]
According to Deutsche bank survey Bitcoin and U.S tech stocks are regarded as biggest asset bubbles by the investors right now. The Survey was concluded after the responses from 627 market professionals between Jan 13-15, the majority of investors (89%) think that some financial markets are in bubble territory. In those bubbles, Bitcoin and U.S. […]
