There was a glimmer of hope for the Suez Canal crisis after rescuers managed to partially refloat the stranded giant container ship that is blocking the canal on Monday after it had got stuck in the canal last Tuesday blocking… Read More ›
Economy & Finance
Alibaba-backed Energy Monster’s US IPO caught in legal dispute
Alibaba and SoftBank-backed China’s biggest mobile device power bank startup Energy Monster has been caught in an ownership dispute which clouds its chances of a Nasdaq debut, already buffeted by new U.S. regulations to delist foreign companies that do not… Read More ›
Investor demand for Deliveroo’s upcoming IPO exceeding full deal size: bookrunner
According to British food delivery company’s bookrunner, the demand for Deliveroo’s upcoming initial public offering (IPO) is in excess of the full size of the deal, with books covered throughout the price range of between 3.90 and 4.60 pounds per… Read More ›
German export expectations rises to highest since Jan 2011 based on pick-up in economic growth in US, Asia
According to the results of a survey that was released on Monday, German exporters are increasingly optimistic about a pick-up in exports based on growing stability of the U.S. economy as well as those in Asia. A survey conducted by… Read More ›
Tariffs are “legitimate tool” for U.S. trade policy: USTR
In a statement U.S. Trade Representative Katherine Tai said, she plans on continuing to maintain threat of U.S. tariffs on goods from Britain, India, Austria, Spain, Italy and Turkey in retaliation to their digital services taxes. She went on to… Read More ›
Honda agrees to sell Swindon plant to logistics giant Panattoni
On Saturday, in a statement, a spokesman for Honda said, it has agreed to sell its British car plant at Swindon in southern England to logistics giant Panattoni with the new owner reportedly planning to make a large investment at… Read More ›
Britain nearing vaccine deal with EU
According to a report from The Times, Britain is close to striking a vaccine deal with the European Union thus potentially removing a threat of the EU cutting off supplies of COVID-19 vaccines to the country. Under the terms of… Read More ›
EU Backs Stricter Export Control Of Covid-19 Vaccines But Dies Not Impose A Ban
Leaders of the European Union backed in principle of imposing tougher controls on exports of Covid-19 vaccines, stopping short of imposing a complete ban on export of the vaccines. This move came after a drawn-out row with the Anglo-Swedish manufacturer… Read More ›
$9.6bn Of Goods A Day Is Being Held Up By The Suez Blockage
According to shipping data, an estimated an estimated $9.6bn of goods each day is being held up by the stranded Ever Given mega-container ship in the Suez Canal since Tuesday. That is equivalent to $400m an hour in trade along… Read More ›
Surge In Gaming Sale Helps Revenue Growth For China’s Tencent
Higher demand and revenues from its gaming business helped the Chinese tech giant Tencent to report 26 per cent rise in its quarterly sales. While Tencent’s PUBG Mobile continued to do well all across the world, its Honor of Kings… Read More ›
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