Even in the face of a global shortage of semiconductor chips for the auto industry and a delivery delays because of congestion at ports hitting its production, a surge in profits for the latest completed quarter was reported by the… Read More ›
Day: July 27, 2021
70% Vaccination Target To Be Achieved By End Summer, Says EU
At least 70 per cent of the adult population of the European Union will get vaccinated by the end of summer as previously announced by the bloc since that very percentage of EU residents 18 years or older have received… Read More ›
Private equity firms scramble to exit from China’s education sector
With China enacting a new law that bans private tutoring firms from making a profit from teaching core school subjects and raising capital, private equity investors are scrambling to exit the sector after pouring billions of dollars into it. With… Read More ›
European Commission approves AerCap’s $30 billion bid for General Electric’s aircraft leasing business
On Tuesday, a filing on the European Commission website shows, the European Commission has approved AerCap’s $30 billion bid for General Electric’s aircraft leasing business without any conditions. The deal between the Irish aircraft leasing company and General Electric’s aircraft… Read More ›
Allianz sees insurance claims of at least $589M from storm Bernd
On Tuesday, German insurer Allianz said it expects insurance claims of more than $589 million (500 million euros) from storm Bernd, which caused massive flooding in parts of western Germany this month. Allianz’s estimate is the first estimate from a German… Read More ›
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