In a statement Indonesian carrier Garuda Indonesia said, air cargo firm PT My Indo Airlines has filed a lawsuit against it over failure to repay a debt. The court proposal had no immediate impact to Garuda’s operations, the company said… Read More ›
Creativity
Italian luxury group Ermenegildo Zegna goes public through SPAC, $3.2 billion
Italian luxury group Ermenegildo Zegna has agreed for a market listing in New York this year by merging itself with a U.S. special-purpose acquisition company (SPAC) in a deal that gives the Italian company a market value of $3.2 billion…. Read More ›
Women representation on Britain’s top 200 financial firms jumps by 32%
According to a report released on Monday by think tank New Financial, the proportion of women on the board of Britain’s top 200 financial companies has risen to nearly a third in the last five years following a government launched… Read More ›
Football Association needs independent oversight: British ministers
Following security failings at Wembley along with the disorder at the Euro 2020 final between England and Italy, British ministers have called for independent oversight of Football Association (FA). The final match, won by Italy in a penalty shootout, was… Read More ›
Persistence Of Northern Ireland Trade Issue Could Force British Grocers To Shift Supply Chains To EU
If the issues and the future of Britain-Northern Ireland trade are not addressed with urgency, some of their supply chains could be shifted from the United Kingdom to the European Union by British supermarket groups which include the market Tesco… Read More ›
Travelers from France into Britain will have to quarantine: British Health Ministry
In a significant development Britain said, it is doing away with the planned easing of coronavirus rules for travelers from France, which was scheduled to take effect from Monday, because of the continued presence of the Beta variant of the… Read More ›
Vineyard Wind to create first US offshore wind farm
In a development that marks the first nascence of U.S. offshore wind industry even as US President Joe Biden has pledged to support a clean energy and climate change agenda that will create millions of good-paying union jobs, Vineyard Wind… Read More ›
GlaxoSmithKline expands England R&D facility, plans on raising $552.76M
On Friday, British pharma giant GlaxoSmithKline said, it plans to set up a new life sciences campus within its R&D site in Stevenage, England, by raising up to $552.76 million (400 million pounds) by selling some land at the facility. In… Read More ›
FedEx to invest $100M in equity investment in Indian logistic startup Delhivery
On Friday, US delivery giant FedEx Corp said it will make $100-million in equity investment in Indian e-commerce logistics startup Delhivery as part of a long-term commercial agreement. As part of the deal, SoftBank-backed Delhivery will sell FedEx Express’ international… Read More ›
US Senate passes bill than bans import of products from Xinjiang region
In a significant development, the U.S. Senate has passed a bill that bans the import of products from China’s Xinjiang region. The Uyghur Forced Labor Prevention Act creates a “rebuttable presumption” on the assumption that goods manufactured in Xinjiang are… Read More ›
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