Author Archives

• Malaysian Government, 1MDB seeking more than $5.6 billion in damages from audit firm KPMG

  By admin1 on July 10, 2021 • ( 0 )

  

  According to court documents,, Malaysia’s 1Malaysia Development Berhad (1MDB) and the state government are seeking more than $5.6 billion in damages from KPMG partners for alleged negligence and breaches linked to a corruption scandal at the fund. The audit firm… Read More ›

• Britain to end quarantine restrictions for fully vaccinated travelers from medium risk countries

  By admin1 on July 9, 2021 • ( 0 )

  

  In a significant development, British transport minister Grant Shapps said, London will share the details of a plan which aims to do away with quarantine for fully vaccinated travellers who return from medium risk countries. The potential move will boost… Read More ›

• UK liable to pay $56.2 billion as part of post-Brexit financial settlement

  By admin1 on July 9, 2021 • ( 0 )

  

  In a statement, the executive body of the European Union said, the United Kingdom is liable to pay $56.2 billion (47.5 billion euros) to the bloc as part of its post-Brexit financial settlement. The amount, forming part of the EU’s… Read More ›

• China’s state owned corporates contributed record defaults during Q2

  By admin1 on July 9, 2021 • ( 0 )

  

  China’s corporate bond defaults have hit a record high in 2021, underscoring growing tightening of credit and increased reluctance by regional governments to bail out troubled state-owned firms. During the first half of this year, bond defaults by Chinese companies… Read More ›

• Chinese EV maker Nio Inc to have 4000 battery swapping stations globally by 2025

  By admin1 on July 9, 2021 • ( 0 )

  

  On Friday, Qin Lihong, the president of Chinese electric vehicle maker Nio Inc said, it plans to have 4,000 battery swapping stations globally by 2025. Nio, which makes premium electric cars, aims to have 700 battery swapping stations by the… Read More ›

• French banking giant BPCE diversifies revenue streams, increases focus on ESG in profit push

  By admin1 on July 8, 2021 • ( 0 )

  

  On Thursday, France’s BPCE, which is in the process of delisting its Natixis investment banking arm, announced plans to boost its revenues by 2024 by partly increasing its focus on sustainable investing. It expects the move to generate additional revenues… Read More ›

• Elon Musk’s Boring Company bids to build underground transit system between downtown and Fort Lauderdale

  By admin1 on July 8, 2021 • ( 0 )

  

  In a statement, the mayor of Florida said, Elon Musk’s Boring Company has submitted a bid to build an underground transit system between downtown and the beach in Fort Lauderdale. “This could be a truly innovative way to reduce traffic… Read More ›

• FTSE Russell to remove Chinese stock from its global indexes

  By admin1 on July 8, 2021 • ( 0 )

  

  Following U.S. President Joe Biden updating an executive order banning non-compliant Chinese companies from US stock exchanges, global index publisher FTSE Russell said it will remove a further 20 Chinese companies from its indexes. Many of these companies have alleged… Read More ›

• British fintech unicorn Wise valued at $10 billion

  By admin1 on July 7, 2021 • ( 0 )

  

  On Wednesday, according to data from Refinitive, Wise’s Class A shares are indicated to open at 750 pence in an auction, giving it a market capitalization of more than $9.66 billion (over 7 billion pounds). Ahead of its official London… Read More ›

• Chinese regulators step up supervision of listed firms abroad following Didi’s IPO scandal

  By admin1 on July 7, 2021 • ( 0 )

  

  Beijing is stepping up supervision of its companies listed abroad, said its cabinet in a statement. The development comes in the wake of China launching a cyber security investigation into Didi Global Inc just after its US IPO. In a… Read More ›