Author Archives

• Volvo Cars making major concessions to wet investor appetite given strong concerns

  By admin1 on October 27, 2021 • ( 0 )

  

  Ahead of its initial public offering, Volvo Cars’ Chinese owner Zhejiang Geely is making some major concessions so as to wet investor appetite. Chinese owned Volvo Cars has slashed the amount it aims to raise from its massive equity offering by… Read More ›

• Justice Department pursues FCA in emission fraud, financial penalties being negotiated

  By admin1 on October 27, 2021 • ( 0 )

  

  According to sources familiar with the matter hand, Fiat Chrysler Automobiles (FCA) is close to an agreement to plead guilty to criminal conduct so as to resolve a multiyear emissions fraud probe revolving around its Ram pickup trucks and Jeep… Read More ›

• Trump tightens grip on his social media company

  By admin1 on October 27, 2021 • ( 0 )

  

  According to regulatory filings late on Tuesday, former U.S. President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another run for the presidency or is convicted… Read More ›

• US considering options to include Israel, Cyprus, Bulgaria and Romania to VISA waiver program

  By admin1 on October 27, 2021 • ( 0 )

  

  In a statement the U.S. Homeland Security Secretary Alejandro Mayorkas stated, the United States is considering adding four countries to its visa waiver program allowing them to visit the country without a visa for up to 90 days. “We have… Read More ›

• Novartis weighing options to divest generic drugs unit Sandoz

  By admin1 on October 26, 2021 • ( 0 )

  

  On Tuesday, Novartis raised the prospect of divesting its generic drugs unit Sandoz while revising upwards its revenue estimate for its two best-selling pharmaceuticals. “Novartis has commenced a strategic review of the Sandoz Division. The review will explore all options, ranging… Read More ›

• Japanese financial services group Orix Corp to divest software business Yayoi Co for more than $1.75 billion

  By admin1 on October 26, 2021 • ( 0 )

  

  According to a report from Bloomberg, Orix Corp, a Japanese financial services group, is likely to divest its software business Yayoi Co for more than $1.75 billion (200 billion yen). Blackstone Inc  and Bain Capital are among its bidders, said… Read More ›

• Northern China braces for more COVID-19 cases, stringent lockdown imposed

  By admin1 on October 25, 2021 • ( 0 )

  

  Parts of northern China are facing heightened COVID-19 curbs following a broader outbreak of COVID-19. Three new areas are being locked down with schools halting physical classes and an aerospace company delaying work on a rocket project. According to data… Read More ›

• Egypt’s hotel running at 100% capacity: Ministry of Tourism

  By admin1 on October 25, 2021 • ( 0 )

  

  In a statement, an official from Egypt’s Ministry of Tourism said, Cairo has officially allowed hotels to run at full capacity while observing strict protocols against the Wuhan Coronavirus. Egypt’s Assistant Minister Abdel Fattah al-Asi said, the decision to allow… Read More ›

• Jerusalem, Abu Dhabi sign green corridor agreement for vaccinated travelers

  By admin1 on October 25, 2021 • ( 0 )

  

  In a tweet, the Israeli consulate in Dubai said, Jerusalem and Abu Dhabi have signed a “green corridor” agreement which allows travelers vaccinated against the Wuhan Coronavirus to travel freely between the two countries.

• Indian fintech giant Paytm gets regulatory approval for market listing: sources

  By admin1 on October 24, 2021 • ( 0 )

  

  According to a source familiar with the matter at hand, Indian fintech giant Paytm has received regulatory approval from India’s capital markets regulator for its $2.2 billion stock market listing in what is slated to be India’s biggest ever IPO…. Read More ›