China’s Shimao Group, a property developer has joined smaller peer Agile Group to sell its stake in the Guangzhou complex to China Overseas Land & Investment, a state-owned partner in a move aimed at slashing its debt. Late on Monday, Shimao,… Read More ›
Entrepreneurship
Zip Co Ltd in early talks to acquire rival Sezzle Inc for undisclosed amount
On Tuesday, in a statement Sezzle Inc said, it is in talks larger Australian rival Zip Co Ltd which aims to acquire it for an undisclosed amount. With the news reaching the market, shares of the buy-now-pay-later company soared by… Read More ›
Euro Zone’s Rebound Stalled In January As Omicron Impacted Services: PMI
The euro zone’s economic recovery slowed, even more, this month, according to a survey released on Monday, as fresh limitations imposed to manage the omicron coronavirus variety slowed the bloc’s main services activity and prices continued to rise. With the… Read More ›
US responds in kind to flight cancellations by China
In a statement the U.S. government said it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some U.S. carrier flights over COVID-19 concerns. The suspension of… Read More ›
Ukraine crisis pits Germany’s main gas supplier with biggest security allies
In an interview to German Sueddeutsche Zeitung German Chancellor Olaf Scholz said, Europe and Washington must think carefully and act prudently when considering sanctions against Russia for any aggression against Ukraine. The Ukraine-Russia crisis pits Berlin’s main gas supplier with… Read More ›
Hong Kong’s draconian COVID-19 measures benefits Singapore’s financial services
In late 2021, Tania Sibree decided to quit her well-paying job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer in the Chinese city. Sibree is one among possibly thousands of… Read More ›
Employees create union at Activision Blizzard studio
A group of employees at Activision Blizzard studio have formed a union and are seeking its voluntary recognition. The union, supported by the Communications Workers of America, represents 34 people in the quality assurance department at Raven Software. In a… Read More ›
Lufthansa eyeing purchase of 40% stake in Italy’s ITA Airways
According to a report from Italian daily Il Foglio, Lufthansa has agreed to purchase a 40% stake in ITA Airways in a deal that could be officially announced next week. ITA Airways re-commenced operations on October 15 with nearly 2,300 employees… Read More ›
Netflix’s Lacklustre Growth Projections Cast A Cloud Over The Video Streaming Industry
Even as Netflix Inc executives attempted to reassure investors in a Thursday video interview that the company’s long-term streaming media prospects remain bright, with its popular series “Bridgerton” set to return for a second season and a science-fiction film starring… Read More ›
Race To Quickly Deliver Groceries Among Indian Grocery Startups Puts Riders At Road Safety Risks
Indian grocery startups are enticing tech-savvy consumers with the guarantee of 10-minute deliveries, igniting a surge in “quick commerce” while also raising concerns about road safety as bike riders rush to meet tight deadlines. Amazon, Walmart’s Flipkart, and Indian billionaire… Read More ›