In a statement, shared workplace operator WeWork disclosed, it has arranged a $1.75 billion letter of credit with Goldman Sachs, which is in the process of being syndicated and it expects to tap the fund in January 2020. The line… Read More ›
Month: December 2019
Chairman of Samsung Electronics sentenced to jail on union-busting charge
A south Korean court has jailed Lee Sang-hoon, Samsung Electronics Co Ltd board Chairman following a sentence of up to 1-1/2 years in jail. Lee Sang-hoon has been charged for sabotaging legitimate union activities, said the South Korean court. Along… Read More ›
Hong Kong saw capital outflows of $5 billion midst pro-democracy protests
Following China’s attempt to thwart the pro-democracy movement in Hong Kong, since April the Asian financial hub has seen capital outflows of nearly $5 billion, said the Bank of England. According to the central bank’s Financial Stability Report, the flight… Read More ›
Swiss drugmaker Roche wins U.S. & British approval for its $4.3B acquisition of Spark Therapeutics
Swiss drugmaker Roche has won approval from U.S. antitrust authorities for its $4.3 billion bid to acquire gene therapy specialist Spark Therapeutics. The development clears the way for Roche’s strategic push to position itself in the treatment of rare diseases,… Read More ›
Boris Johnson aims to block Brexit extension beyond 11 months as illegal
On Tuesday, British media including the Financial Times and The Times reported, British Prime Minister Boris Johnson aim to take bold legislative steps to prevent any extension of the Brexit transition period beyond 2020. Making an extension beyond 2020 illegal… Read More ›
Goldman Sachs Group Inc will support green initiatives and fight climage change more actively
In a significant development, the Goldman Sachs Group Inc has outlined plans to channel funds and advice projects that fight climate change, or help financially disadvantaged people saying it is not only the right thing to do but can also… Read More ›
Brexit bill to be tabled before parliament on Friday
Laws pertaining to Brexit are scheduled to be tabled in parliament on Friday, said Prime Minster Boris Johnson’s spokesman. The bill aims to formalize the terms of the agreement that was negotiated by Johnson and the EU into law. The… Read More ›
Key Carbon Markets Issue Remains Unaddressed At COP25 Summit
A broad based agreement to urge governments to step up the global response in reducing greenhouse gas emissions was arrived at the COP25 climate summit after some lengthy negotiations. It was attended by representatives of nearly 200 countries. But an… Read More ›
What British Businesses Want From The New UK Government Under Boris Johnson?
After getting elected as the prime minister of the United Kingdom with an overwhelming majority, Boris Johnson has assured that he would help to “unleash” the complete potential that Brexit would deliver to the country once he had fulfilled his… Read More ›
Electrolux’s North American business to take $70M hit in U.S. overhaul
Swedish appliance maker Electrolux AB stated, its North American business is set to incur costs of around $70 million in the fourth quarter as it prepares to move into a new facility in South Carolina. The Swedish company stated, it… Read More ›
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