In a recorded message on Friday, U.S. President Joe Biden told a forum of Pacific island leaders, the United States would donate COVID-19 vaccines without strings attached. The development comes in the wake of China becoming an increasingly more assertive… Read More ›
Shares of Indonesia’s PT Bukalapak.com jumped by 25% on its trading debut with investors scrambling to get a piece of the action in the country’s first listed tech unicorn. PT Bukalapak.com, which counts Singapore sovereign fund GIC Pte Ltd and… Read More ›
A rebound in demand for its adhesives and its dermatological brands helped Nivea maker Beiersdorf to report sales that were higher than before the pandemic with the stocks of the company rising by more than 5 per cent during early… Read More ›
In July, factory activity in India surged on the back of heightened domestic demands and export order. The development sees an increase in job creation for the first time since the onset of the Coronavirus-induced COVID-19 pandemic. According to a… Read More ›
Billions of dollars is still needed to be spent by Amazon.com Inc for expansion of its warehouses and its delivery systems. However that could put more pressure on the company’s shares which dropped by 7 per cent on Friday after… Read More ›
Following expectation beating revenues for the first six months of the current year, Italian fashion group Prada forecast continued growth in sales for the he second half of the year as the luxury brand continued to recover from the hit… Read More ›
The euro zone economy put off a Covid-19 pandemic induced recession in the second quarter as it grew faster than expected with the easing of restrictions and curbs to stop the spreading of infections. However the inflation shot past… Read More ›
On Friday, in a statement Allianz said, its local Chinese asset management business has received regulatory approval, marking the first wholly foreign-owned insurance asset management company in the country. Foreign financial institutions are eager to expand their onshore footprint in… Read More ›
In a significant development, Samoa’s new Prime Minister Fiame Naomi Mataafa said, she will not go ahead with a China-backed port project, indicating that she would only back investments which have clear benefits for her country. She noted that Chinese… Read More ›
A generally buoyant mood among European companies staging a turnaround from the coronavirus pandemic was reflected in the better than expected financial earnings as reported on Thursday by carmaker Volkswagen, plane maker Airbus and energy major Royal Dutch Shell. The… Read More ›
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