A ban on investing by entities of the United States in dozens of Chinese companies that allegedly have ties with defense or surveillance technology sectors was imposed by the United States president Joe Biden as he signed an executive order… Read More ›
Day: June 4, 2021
Higher Than Expected Rise In Euro Zone Producer Prices In April
There was a more than expected rise in the producer prices in the euro zone in the month of April driven by a sharp rise in the prices of energy products, showed data published by the European Union’s statistics office… Read More ›
French digital music firm Believe set to list in Paris stock exchange
On Friday, according to a book runner for French digital music firm Believe said, books for the IPO of the firm are fully covered. The company is planning to list in Paris with a target valuation of 1.9 billion to… Read More ›
Biden Administration expands ban list prohibiting US entities to invest in Chinese companies
In a development that marks the expansion of the scope of the previous US Administration, US President Joe Biden banned US entities from investing in a couple of Chinese companies with alleged links to the Chinese military, through an executive… Read More ›
William Ackman’s blank-check firm PSTH negotiating 10% stake in Universal Music Group
On Frtiday, William Ackman’s blank-check firm Pershing Square Tontine Holdings (PSTH) confirmed that it was negotiating a purchase of a 10% stake in Universal Music Group, which is being spun-off by France’s Vivendi for around $4 billion. Vivendi is planning to cash… Read More ›
Unrestricted travel between Britain and Europe possible from July onwards: Ryanair’s CEO
Despite Britain’s move to curtail travel, Ryanair’s CEO said, he was optimistic about the possibility of an unrestricted travel between Britain and Europe from July onwards. “When people are travelling in July and August there will be no restrictions on… Read More ›
Hungary blocks joint EU statement critical of China’s Hong Kong policy
On Friday, German Foreign Office State Secretary Miguel Berger tweeted that the European Union must finds ways to address ways of managing dissent, including qualified majority voting on foreign policy, following Hungary blocking a joint EU statement that was critical… Read More ›