On Tuesday, in a statement fund network Calastone said, UK-based equity funds recorded inflows totaling to $8.6 billion (6.2 billion pounds) during the second quarter. Incidentally, funds focused on environmental, social and governance (ESG) issues have grossed 50% of net… Read More ›
Entrepreneurship
Novo Nordisk acquires Prothena Corp’s experimental heart therapy PRX004
In a joint statement Danish drugmaker Novo Nordisk and U.S. drug developer Prothena Corp said, the former will acquire the latter’s experimental heart therapy PRX004, in a deal that could be worth up to $1.23 billion. Novo’s acquisition is in… Read More ›
Virgin Galactic’s First Successful Space Flight’ Owner Branson Participates
The space flight venture that was started by British billionaire Richard Branson achieved a symbolic milestone on Sunday as his Virgin Galactic rocket plane safely returned to the Earth after soaring more than 50 miles above the New Mexico desert… Read More ›
Vietnam’s domestic car manufacturer Vinfast opens offices in Europe, North America
On Monday, Vietnam’s domestic car manufacturer Vinfast said, it has opened offices in Europe and in North America. The development marks the company joining a crowded sector as it tries to woo customers with smart electric cars. VinFast, a unit… Read More ›
Market hasn’t factored longterm climate risks: Invesco survey
According to the results of a survey by Invesco, nearly a third of sovereign wealth funds and central banks have raised their focus on environmental, social and governance issues over the past year with the coronavirus-induced COVID-19 pandemic highlighting issues… Read More ›
UK CFOs double down capex as economy reopens
According to the results of a survey of chief finance officers, large businesses in Britain are surging ahead with post-lockdown investment plans. In a statement audit firm Deloitte said, its poll found CFOs were planning to increase investment, as well… Read More ›
Large insurance and reinsurance companies launch alliance towards net-zero emissions economy
In a significant development, 8 of the world’s top insurance and reinsurance companies, including Europe’s top three insurers by premiums, Allianz, AXA and Generali, have launched a partnership to help speed up the transition towards a net zero emissions economy…. Read More ›
Investments Of $593 Million For Charging Network In Europe For Long-Haul Trucks Planned By Transport Giants
A European charging network for “battery electric heavy-duty long-haul trucks and coaches” will be developed jointly by three major transportation firms. Volvo, Daimler Truck and the Traton Group have signed a non-binding agreement for the installation and operation of the… Read More ›
Malaysian Government, 1MDB seeking more than $5.6 billion in damages from audit firm KPMG
According to court documents,, Malaysia’s 1Malaysia Development Berhad (1MDB) and the state government are seeking more than $5.6 billion in damages from KPMG partners for alleged negligence and breaches linked to a corruption scandal at the fund. The audit firm… Read More ›
Growth In Central And Eastern Europe To Be Higher Than Western Europe, Says IMF Chief
The rate of economic growth of countries in central and eastern Europe kin the next few years would be faster than the countries in western Europe, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday. The combined gross domestic… Read More ›