In July, factory activity in India surged on the back of heightened domestic demands and export order. The development sees an increase in job creation for the first time since the onset of the Coronavirus-induced COVID-19 pandemic. According to a… Read More ›
According to the terms of preliminary settlement filed before U.S. District Judge Lucy Koh in San Jose, California, Zoom Video Communications Inc has agreed to pay $85 million to settle a lawsuit which alleged claimed that it violated users’ privacy… Read More ›
In a statement Hudson Pacific Properties and Blackstone said, they plan on creating a major film, TV and digital production complex in Broxbourne, UK. The development marks the first overseas expansion of their Sunset Studios platform. The two companies had… Read More ›
Billions of dollars is still needed to be spent by Amazon.com Inc for expansion of its warehouses and its delivery systems. However that could put more pressure on the company’s shares which dropped by 7 per cent on Friday after… Read More ›
Following expectation beating revenues for the first six months of the current year, Italian fashion group Prada forecast continued growth in sales for the he second half of the year as the luxury brand continued to recover from the hit… Read More ›
On Friday, in a statement Allianz said, its local Chinese asset management business has received regulatory approval, marking the first wholly foreign-owned insurance asset management company in the country. Foreign financial institutions are eager to expand their onshore footprint in… Read More ›
In a development that underscores the revival of the economy, sales at Birkin handbag maker Hermes during the second quarter more than doubled from the previous year, especially in Asia and the US markets, with shoppers flocking its stores. The luxury… Read More ›
In a significant development, Samoa’s new Prime Minister Fiame Naomi Mataafa said, she will not go ahead with a China-backed port project, indicating that she would only back investments which have clear benefits for her country. She noted that Chinese… Read More ›
Following an easing of coronavirus travel restrictions along with positive cash flow during the second quarter of this month saw Air France-KLM seeing the first signs of recovery as the airline group narrows down its losses. “Obviously the first quarter was… Read More ›
On Thursday, South Korea’s LG Energy Solution and Hyundai Motor Group said, they plan on setting up a joint venture (JV) in Indonesia which will produce batteries for electric vehicles (EV) and plan on investing $1.1 billion each, with both… Read More ›
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