Author Archives
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Blackstone closing in to acquire office developer Hong Kong listed Soho China
According to a report from Bloomberg News, Blackstone Group Inc is closing in on a deal to acquire office developer Soho China Ltd in what could be its biggest real estate investment in China. Hong Kong-listed Soho China could be… Read More ›
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6 companies in early-stage talks with Britain to build gigafactories for EV batteries
In a report the Financial Times said citing sources familiar with the matter at hand, Britain is in talks with 6 companies for building gigafactories which will produce batteries for electric vehicles. According to the report, Nissan Motor Co Ltd,… Read More ›
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Foundational technologies should be under export control ban for China: Group of US Senators
In a significant development, a group of U.S. Senators urged Commerce Secretary Gina Raimondo to direct her department to move faster and identify American technologies, including emerging ones, that could be misused by China, if it is exported to that… Read More ›
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Ebay Inc sells South Korean business to Shinsegae Group and Naver for $3.6 billion
On Wednesday, in a statement EBay said, it will sell its South Korean business to Shinsegae Group and Naver, an e-commerce firm for around $3.6 billion (4 trillion won). According to Euromonitor, EBay Korea with a market share of about 12.8%… Read More ›
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Biden renews partnership with EU allies, cools off trade tensions
In a significant development, U.S. President Joe Biden is aiming to intensify efforts to renew transatlantic relations. On Tuesday, he will be meeting leaders from the European Union to cool off trade tensions and join forces to defeat the coronavirus-induced… Read More ›
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Thai Airways International Pcl wins court approval for restructuring plan
On Tuesday, a legal adviser to Thai Airways International Pcl said, it has won court approval for a restructuring plan; the development comes when the airline is under bankruptcy protection and is seeking a turnaround of its fortunes. The Central… Read More ›
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G7 agrees to coordinate approach on China more closely
Following the G7 summit in Britain, Canadian Prime Minister Justin Trudeau said, leaders of the Group of Seven agreed to coordinate more closely in their response to the challenges posed by China. The approach of G7 countries towards China will… Read More ›
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Australia, Germany sign bilateral trade agreement on hydrogen trade
In a significant development, Australia and Germany signed a bilateral partnership on hydrogen production and trade with the aim to facilitate renewable energy-based hydrogen supply chain between the two countries. German economy Minister Peter Altmaier along with German Education and… Read More ›
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G7 presents grand infrastructure plan -Build Back Better World initiative
In a significant development, the G7 has put forth the vision of a grand infrastructure plan that rival’s Chinese President Xi Jinping’s multi-trillion-dollar Belt and Road initiative, which has led many countries into severe debt. The new economic plan, presented… Read More ›
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Germany’s Green Party supportive of industry aid in transitioning towards green economy
In a statement, Annalena Baerbock, the head of Germany’s Green Party said, it will seek to support the country’s industry’s aim to slash carbon emissions by ensuring that the state helps meet additional costs companies incur. She went on t… Read More ›
