According to official data form the United Kingdom, there was an unexpected drop in retail sales in the country in May as people came out of their homes after the lifting of lockdown restrictions and were seen spending money in… Read More ›
Day: June 18, 2021
Ireland Seeks A ‘Compromise’ On The 15% Global Tax Plan Of The G-7
While recognizing “the role of legitimate tax competition”, Ireland, which is the European headquarter of tech giants like Apple and Google, is trying to come to a compromise over global taxation, said the country’s finance minister in an interview to… Read More ›
Turing Holding Corp confidentially files for US IPO
In a statement ThoughtWorks Inc, a software consultancy company said, its parent Turing Holding Corp had confidentially submitted paperwork for an initial public offering in the US. In January, ThoughtWorks, which helps firms digitize their operations, was valued at $4.6… Read More ›
Bristol-Myers Squibb Co and Eisai Co to jointly develop, market experimental cancer drug
In a statement, Bristol-Myers Squibb Co and Eisai Co said, they had entered into an agreement to jointly develop and market an experimental cancer drug worth up to $3.10 billion. Bristol-Myers would pay $650 million, including for research and development… Read More ›
Germany’s Gruene Liga and Nabu seek injunction against Tesla’s factory permit in Gruenheide Berlin
In a statement lawyers of two environmental groups have submitted an injunction to a German court against provisional factory permits for US electric carmaker Tesla factory in Gruenheide Berlin. The associations Gruene Liga and Nabu have asked the court to… Read More ›
Boeing 737 MAX 10 set for maiden flight today
According to sources familiar with the matter at hand, Boeing Co is readying the largest member of its 737 MAX family for its maiden flight, in what is probably an effort to close the sales gap with its European peer Airbus…. Read More ›
Indonesia’s flagship carrier Garuda Indonesia defaults on$500 million sukuk
In a statement Indonesia’s flagship carrier, Garuda Indonesia said, it could not distribute coupon payments for its $500 million sukuk after a 14-day grace period, with the airline’s finances still significantly impacted by the coronavirus pandemic. “Under these circumstances, and… Read More ›
Malaysia’s High Court restraints creditors from pursuing AirAsia X Bhd for another 9 months
In a stock exchange filing, AirAsia X Bhd said, the Malaysian high court has granted it a nine-month extension on a restraining order preventing creditors from filing any legal proceedings against it. Earlier this year in March, the Malaysian high… Read More ›
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