According to sources familiar with the matter at hand, Boeing Co is readying the largest member of its 737 MAX family for its maiden flight, in what is probably an effort to close the sales gap with its European peer Airbus…. Read More ›
Entrepreneurship
Indonesia’s flagship carrier Garuda Indonesia defaults on$500 million sukuk
In a statement Indonesia’s flagship carrier, Garuda Indonesia said, it could not distribute coupon payments for its $500 million sukuk after a 14-day grace period, with the airline’s finances still significantly impacted by the coronavirus pandemic. “Under these circumstances, and… Read More ›
Malaysia’s High Court restraints creditors from pursuing AirAsia X Bhd for another 9 months
In a stock exchange filing, AirAsia X Bhd said, the Malaysian high court has granted it a nine-month extension on a restraining order preventing creditors from filing any legal proceedings against it. Earlier this year in March, the Malaysian high… Read More ›
Japan Growth Exports In May Sharpest In 41 Years
Japan, the third largest economy of the world managed to offset sluggish domestic demand by a rise in its exports in May which grew at the fastest pace in the month since 1980, along with a key gauge of capital… Read More ›
Blackstone closing in to acquire office developer Hong Kong listed Soho China
According to a report from Bloomberg News, Blackstone Group Inc is closing in on a deal to acquire office developer Soho China Ltd in what could be its biggest real estate investment in China. Hong Kong-listed Soho China could be… Read More ›
6 companies in early-stage talks with Britain to build gigafactories for EV batteries
In a report the Financial Times said citing sources familiar with the matter at hand, Britain is in talks with 6 companies for building gigafactories which will produce batteries for electric vehicles. According to the report, Nissan Motor Co Ltd,… Read More ›
Foundational technologies should be under export control ban for China: Group of US Senators
In a significant development, a group of U.S. Senators urged Commerce Secretary Gina Raimondo to direct her department to move faster and identify American technologies, including emerging ones, that could be misused by China, if it is exported to that… Read More ›
Ebay Inc sells South Korean business to Shinsegae Group and Naver for $3.6 billion
On Wednesday, in a statement EBay said, it will sell its South Korean business to Shinsegae Group and Naver, an e-commerce firm for around $3.6 billion (4 trillion won). According to Euromonitor, EBay Korea with a market share of about 12.8%… Read More ›
US And EU Set To End Their 17-Year Old Boeing-Airbus Trade Row
A truce has been arrived at between the United States and the European Union in relation to their 17 year old trade dispute involving government subsidies offered to Boeing and Airbus. The two major trading partners have agreed to remove… Read More ›
Biden renews partnership with EU allies, cools off trade tensions
In a significant development, U.S. President Joe Biden is aiming to intensify efforts to renew transatlantic relations. On Tuesday, he will be meeting leaders from the European Union to cool off trade tensions and join forces to defeat the coronavirus-induced… Read More ›
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