On Wednesday, three sources familiar with the matter at hand said, Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering (IPO); Indonesia’s largest IPO saw Bukalapak price its shares at the top of an indicated price… Read More ›
Economy & Finance
Production And Sale Of Passat In US To Be Ended By VW To Focus On SUVs
German car maker group Volkswagen AG will end all sales and production of the Passat sedan in the United States starting next year, the company said on Monday. Analysts see this move by the company as a part of its… Read More ›
Bitcoin Drops Below $30,000, Global Crypto Market Loses Nearly $90 Billion In 24 Hrs
The global cryptocurrency market saw almost $89 billion being wiped off in 24 hours on Tuesday, according to CoinMarketCap data, as the value of most digital coins being dragged down by bitcoin which dropped below $30,000 for the first time… Read More ›
China’s real estate market in the doldrums
On Tuesday, for a second day in a row, shares and bonds in China Evergrande, Beijing’s most indebted developer, plunged downwards following the suspension of sales of its two real estate projects by local authorities, which highlighted worries over its… Read More ›
Pakistan Implements Measures To Make Cryptocurrency Boom Under Regulation
There has been a boom in trading and mining cryptocurrency in recent times in Pakistan with thousands of views of relate videos on social media as well as transactions on online exchanges showing the growing interest in the country. The… Read More ›
Women Account For 1/3 Of British Financial Service Firm Boards, Says Report
There has been a significant improvement in the proportion of women on the board of listed financial companies in Britain over the last five years since the government initiated an initiative to improve gender balance in the sector. A report… Read More ›
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 ›
Greenland Stops Its 50-Year Unsuccessful Effort To Produce Oil
Greenland has recently announced that it would be suspending a strategy of searching for oil and would stop any further issuing of exploration licences which effectively brought an end to a 50-year old ambition of the country to become an… Read More ›
IEA Says More Fossil Fuel Burning Required To Meet Growing Electricity Demand
A report published by the International Energy Agency (IEA) recently said that the growth rate in the demand for electricity globally was faster than the growth and roll out of renewable renewable energy capacity and therefore the gap will has… 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 ›