There was a more than expected rise in the producer prices in the euro zone in the month of April driven by a sharp rise in the prices of energy products, showed data published by the European Union’s statistics office… Read More ›
Economy & Finance
William Ackman’s blank-check firm PSTH negotiating 10% stake in Universal Music Group
On Frtiday, William Ackman’s blank-check firm Pershing Square Tontine Holdings (PSTH) confirmed that it was negotiating a purchase of a 10% stake in Universal Music Group, which is being spun-off by France’s Vivendi for around $4 billion. Vivendi is planning to cash… Read More ›
Unrestricted travel between Britain and Europe possible from July onwards: Ryanair’s CEO
Despite Britain’s move to curtail travel, Ryanair’s CEO said, he was optimistic about the possibility of an unrestricted travel between Britain and Europe from July onwards. “When people are travelling in July and August there will be no restrictions on… Read More ›
Uruguayan payment startup DLocal valued at $6.06 billion, raises $617.65M in US IPO
In a statement, Uruguayan payment startup DLocal said, it had raised $617.65 million through its initial public offering. The company had priced its 29.4 million shares at $21 each above its indicated price range of $16-$18. The IPO valued DLocal… Read More ›
Britain-Australia trade deal could potentially be signed mid-June
On Thursday, Britain’s envoy to Australia said, both countries have held another round of talks towards a free trade deal. A trade agreement could potentially be signed between the two sometime in mid-June. Britain’s trade deal with Australia is one… Read More ›
JPMorgan exploring potential opportunities for add-on acquisitions
In a statement Mary Callahan Erdoes, the head of asset and wealth management at JPMorgan Chase & Co said, her division of the bank is “looking into possible opportunities for add-on acquisitions”. “I wouldn’t assume we haven’t done anything,” said… Read More ›
Britain set to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership
On Wednesday, members nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially agreed to allow the United Kingdom to start the process of joining the pact, said Japan’s economy minister in a statement. Welcoming the start of… Read More ›
2020 Saw A 5% Drop In Carbon Emissions In Australia
There was growth in the generation of wind and solar energy in Australia in 2020 while the country’s carbon emissions dropped during the year by 2020, the government of the country said on Monday. According to analysts this was primarily… Read More ›
Growth In China’s Factory Activity In May Allows Slightly Due To Surge In Raw Materials Costs
With the growth of costs for raw materials increasing at the fastest pace in more than two decades factory activity growth in China slowed down slightly in May. The high costs of raw materials affected the output of small and… Read More ›
Baby And Maternity Stocks Soar As China Announces Its New 3-Child Policy
The manufacturers of strollers, car seats and baby formula could have a field day by the decision of China to shift away from its one children policy and to allow families to have three children. Whether it would lead to… Read More ›
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