United States aircraft maker Boeing has agreed to settle criminal charges in the country about it hiding information from safety officials about the designing flaws of its 737 Max planes and has agreed to pay an amount of $2.5bn. Boeing… Read More ›
Month: January 2021
Google’s Chrome Browser Changes To Be Investigated By UK’s Competition Watchdog
An investigation into Google’s proposals to remove third-party cookies and other functions from its Chrome browser will be investigated by the competition watchdog of the United Kingdom. The decision to probe the proposed changes were initiated after concerns were raised… Read More ›
Patria Investments Ltd expects IPO valuation between $1 billion to 1.6 billion
In a statement Brazilian asset manager Patria Investments Ltd said it is slated to reach a valuation of between $1 billion to $1.6 billion in its planned initial public offering (IPO) on Nasdaq. On December 30, Patria, which has $13… Read More ›
European Dealmaking In China Expected To Be Bolstered By Investment Deal
Following the signing of an investment deal last month between China, the second largest economy of the world, and the European Union, lawyers and bankers are expecting to see European companies to eagerly look out for investing in assets in… Read More ›
FAO Notes Seventh Straight Month Of Rise In World Food Price Index
According to a statement issued by the United Nations food agency on Thursday, prices of good rose globally for the seventh consecutive month in December with rise in the prices of prices of all the major categories, except sugar, last… Read More ›
UK Watchdog Claims 4,000 Financial Firms Could Collapse Due To Covid-19 Hit
According to the estimates of the Financial Conduct Authority of the United Kingdom, the economic impact of the first wave of the novel coronavirus pandemic has put almost 4,000 financial companies of the country at the brink of and at… Read More ›
Fujifilm Holdings Corp to invest $2 billion in new cell culture production site in United States
In a statement Fujifilm Holdings Corp said, it aims to invest up to $2 billion so as to create a new large-scale cell culture production site in the United States. The new plant will help accelerate growth of the company’s… Read More ›
World’s biggest cement maker LafargeHolcim acquires Firestone Building Products from Bridgestone Americas for $3.4 billon
On Thursday, the world’s biggest cement maker LafargeHolcim said, it will acquire Firestone Building Products from Bridgestone Americas for $3.4 billon. Firestone Building Products specialises in commercial roofing in the United States. In 2020, it recorded sales of around $1.8… Read More ›
NYSE to delist 3 Chinese telecom companies
In an about turn the New York Stock Exchange stated, it will delist three Chinese telecom companies. The development comes in the wake of U.S. Treasury Secretary Steve Mnuchin telling the NYSE’s chief that he disagreed with its decision to… Read More ›
Saudi Arabia along with its 3 Arab allies restore diplomatic and commercial ties with Qatar
In a significant development, Saudi Arabia’s foreign minister said, it would restore full diplomatic ties with Qatar. Saudi Arabia and its three Arab allies have agreed to restore full diplomatic ties with Doha at a summit in the kingdom, said… Read More ›
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