With the number of daily coronavirus infections continuing to rise rapidly, it is likely that more restrictions on public life in the coming days will be imposed by European countries, according to analysts. “Expect lots more restrictions over the days… Read More ›
Economy & Finance
France’s Societe Generale to divest stake in asset management arm Lyxor: sources
According to two sources familiar with the matter at hand, Societe Generale is gearing up to launch the sale of its asset management arm Lyxor with the French lender aiming to shore up its finances following two consecutive quarterly losses…. Read More ›
China’s Guolian Securities Co acquires Sinolink Securities for undisclosed sum
In a move that marks the acceleration of consolidation in Chinese brokerage firms, China’s Guolian Securities Co said it will acquire Sinolink Securities Co through a share swap and stake purchase. The development comes at a time when financial conglomerates… Read More ›
HSBC & StanChart among other financial institutions transferred more than $2 trillion of illicit money
On Monday, shares of Standard Chartered’s and HSBC in Hong Kong fell vertically following media reports that the two banks along with other banks transferred large sums of allegedly illicit funds for nearly two decades despite the transfers being red… Read More ›
Fish Skins Being Turned To Leather Targeted At Luxury Market By French Firm
Fish scales that would generally find their way into trash cans at restaurants or those of the fish markets is being collected by a French company. The news agency Reuters reported that the firm is turning the fish scales into… Read More ›
Documents Show EU Wants To Implement Crypto-Assets Regime By 2024
According to reports citing two documents of the European Union, new rules within four years are being planned to be introduced in the single currency market that will allow making of cross-border payments quicker and cheaper by the use of… Read More ›
EU’s climate plan will see carbon prices double by 2030
Going by an analysis of a model created by the European Commission, carbon costs for Europe’s businesses is likely to double this decade under EU plans to deliver steep emissions cuts by 2030. On Thursday, the European Commission laid out… Read More ›
U.S.-China investment slides to 9-year low
According to a research report, investment flows between the United States and China touched its nine-year nadir during the first half of 2020 due to increasing Chinese belligerence-induced tensions which could see more Chinese companies come under U.S. pressure to… Read More ›
Thomas Cook’s Chinese Owners Re-Launch The Brand As Online Only Travel Operator
After being shut down for about a year, the iconic travel operator Thomas Cook is back but with a different business model. On Wednesday, the British tour operator re-launched as an online-only venture. One year ago, the company collapsed and… Read More ›
Amid US Tensions, Biggest Chinese Tech Firms Flock To Singapore
With increasing bilateral tensions between the United States and China, the biggest tech companies from China are expanding their operations in Singapore. It has been reported that their presence in the city state is being increased by Tencent and… Read More ›