Over burdened with a pile of debt, China’s second biggest property developer, Evergrande Group, is desperate for government support for a restructuring plan that has been waiting for four years, and has warned that it faces a cash crunch that… Read More ›
In order to understand exactly form where it’s the raw material for its products, which range from ice creams to deodorant, come from, Unilever is making use of a combination of advanced satellite imagery and geolocation data. According to Marc… Read More ›
A record-breaking penalty of almost $1 billion will be paid by Westpac, one of Australia’s largest banks. The charge against the bank is that if has systematically allowed money laundering on its watch. An agreement for a 1.3 billion Australian… Read More ›
In a significant development, the World Bank’s private-sector arm has introduced new climate change specific conditions, which encourages commercial banks and other financial lenders to wind down support for coal projects in Asia and Africa. The International Finance Corporation (IFC),… Read More ›
Chinese state-backed investors are weighing options, which includes taking BMW’s main Chinese joint-venture partner Brilliance private, said five sources with knowledge of the matter at hand. The development is the latest in such deals aimed at uplifting down-beaten Hong Kong-listed… Read More ›
During a news conference on Capitol Hill, Scott Kirby, the CEO of United Airlines stated, the airlines intends to avail U.S. Treasury loans, which have been available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Speaking to the… Read More ›
A research report shows that in the first half of the current year, investment between the United States and China have dropped to a nine-year low because of the bilateral tensions between the two countries with possibility of more Chinese… Read More ›
According to the head of tax at the OECD, there is now a “solid basis” for the global talks on updating international tax rules for the digital age and the situation is good enough to wrap up the negotiation by… Read More ›
In a statement embattled Chinese telecom network maker Huawei Technologies Co Ltd said, it will be cutting more staff from its Australian operations midst strained relations between Canberra and Beijing. Huawei will also trim its investments in the country. In… Read More ›
An international group of investigative journalists has been provided with thousands of documents that provide details of money worth about $2 trillion that potentially was amassed through corrupt means and had passed through the financial system of the United States…. Read More ›
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