A report from the Wall Street Journal citing sources familiar with the matter at hand as saying, ViacomCBS Inc is in the process of revamping the operations of its Paramount Pictures movie and television production unit under a broader management rejig…. Read More ›
According to a paper presented at The Brookings Institution, racial and ethnic inequities have cost the U.S. economy nearly $51 trillion in lost output since 1990, said San Francisco Federal Reserve President Mary Daly. Daly is one of the three… Read More ›
A bird flu alert has been raised by France after severe cases of the virus were discovered in backyard chickens in the northeast part of the country. This was in addition to the cases in neighbouring Belgium and Luxembourg. The… Read More ›
Yahoo has roped in the top executive of Tinder and hired him to be its new chief executive officer. Apollo Management Group bought Yahoo, the search engine that is has lagged behind rivals for long, for $5 billion recently. On… Read More ›
Official data from the United Kingdom released on Friday showed that the country’s economy barely grew in the month of July as the Delta variant of Coronavirus had spread rapidly within the after the lifting of lockdown restrictions. According to… Read More ›
In a significant development, Kuwait has started to address its waste problem and has begun recycling tires from its dump yard where more than 42 million old vehicle tires have been dumped in what is slated to be the world’s… Read More ›
Swiss shoemaker On Holding AG, which is backed by tennis star Roger Federer, is eyeing a valuation of more than $6 billion for its U.S. initial public offering (IPO), showed a regulatory filing. The IPO comes at a time when… Read More ›
In a statement Volkswagen AG said, it plans on setting up a venture capital fund, which would initially invest $355.14 million (300 million euros) in startups and in decarbonization projects. “Decarbonization will make many things more affordable, not more expensive,” said… Read More ›
In a first, BlackRock’s mutual fund subsidiary in China established a fund after raising $1.03 billion (6.68 billion yuan) in a shortened subscription period. With this development BlackRock has become the first foreign asset manager to operate a wholly-owned business in… Read More ›
In a statement Standard Chartered said, it had arranged $1.1 billion in financing to the Angolan government for a water supply project that will serve its capital city Luanda. The funding is made up of two loans – a $910 million… Read More ›
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