In a statement the office of British Prime Minister Boris Johnson said, he would lead a new initiative to capitalize on scientific and technological breakthroughs made in the country with the purpose of directing research into areas that will benefit… Read More ›
In a statement U.S.-based EIG Global Energy Partners said, a consortium led by it has closed a deal to acquire a 49% stake in Saudi oil giant Aramco’s pipelines business for $12.4 billion. The co-investment process for the deal attracted… Read More ›
U.S. President Joe Biden is scheduled to meet financial regulators on Monday for an update on the country’s financial systems and institutions, said press secretary Jen Psaki in a statement. “The meeting will cover regulatory priorities including climate-related financial risk and… Read More ›
According to official data form the United Kingdom, there was an unexpected drop in retail sales in the country in May as people came out of their homes after the lifting of lockdown restrictions and were seen spending money in… Read More ›
While recognizing “the role of legitimate tax competition”, Ireland, which is the European headquarter of tech giants like Apple and Google, is trying to come to a compromise over global taxation, said the country’s finance minister in an interview to… Read More ›
In a statement Indonesia’s flagship carrier, Garuda Indonesia said, it could not distribute coupon payments for its $500 million sukuk after a 14-day grace period, with the airline’s finances still significantly impacted by the coronavirus pandemic. “Under these circumstances, and… Read More ›
In a stock exchange filing, AirAsia X Bhd said, the Malaysian high court has granted it a nine-month extension on a restraining order preventing creditors from filing any legal proceedings against it. Earlier this year in March, the Malaysian high… Read More ›
With the United Kingdom reopens its economy after the multiple Covid-19 induced lockdowns, inflation in the British economy is set to continue to rise after an unexpected rise in May when it hit 2.1 per cent and was above the… Read More ›
Consumer inflation in the euro zone increased in May as had been expected by economists because of a sharp surge in energy prices as well as more expensive services, according to data released on Thursday which pushed the pace of… Read More ›
No assistance for El Salvador’s bitcoin implementation could be provided by it because of environmental and transparency drawbacks, the World Bank said on Wednesday. “We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory… Read More ›
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