On Monday, in a statement Chinese artificial intelligence start-up SenseTime Group said, it has postponed its $767 million initial public offering (IPO) in Hong Kong. The development comes after the United States placed it on its Entity List. Sensetime also… Read More ›
Following a surge of deal making throughout the world during the Covid-19 epidemic, the cost of insurance to cover situations involving M&A has nearly quadrupled in only two years, according to underwriters and brokers. Potential buyers purchase insurance to protect… Read More ›
U.S. President Joe Biden has promised NATO members countries in central Europe of heightened military support following concerns of a Russian troop build-up near the Ukrainian border. Biden has also reassured its allies that Washington would not reach any agreement… Read More ›
In a significant development that marks the return of General Motors Co to the rare earth industry, the US automaker now plans on sourcing rare earth magnets for its future line of electric vehicles from new U.S.-based manufacturing facilities under two… Read More ›
China’s domestic air traffic is caught between the devil and the deep sea. While it was once the world’s envy after China staged a super fast recovery from the Wuhan coronavirus, air traffic footfalls are now faltering with Chinese authorities… Read More ›
According to two sources with direct knowledge of the matter at hand, Chinese artificial intelligence startup SenseTime Group is in talks with officials of the Hong Kong Stock Exchange regarding the fate of its $767 million planned IPO in Hong… Read More ›
As new entrants into the jet market confront established incumbents Qantas Airways Ltd and Virgin Australia, Australia’s domestic aviation sector, which was held back by state border closures during the epidemic, is gearing up for a pricing war. Regional Express… Read More ›
Prices of fresh vegetables in China surged by as much as 30.6 per cent in November compared to their prices in the same month a year ago, showed the latest statistics from the country’s National Bureau of Statistics on Thursday…. Read More ›
Canada has joined the United States, Britain and Australia, in a diplomatic boycott of the Winter Olympics in Beijing. Washington was the first to announce the boycott of the Winter Olympics in Beijing citing China’s gross human rights “atrocities” in… Read More ›
In a significant development U.S. District Judge Paul Crotty in Manhattan ruled that Goldman Sachs Group Inc will have to again face a class action by shareholders who said they lost $13 billion since the bank hid conflicts of interest when… Read More ›
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