The growth and inflation projections for the European Union was raised by the European Central Bank but also promised to hold the steady flow of stimulus over the summer as it fears that a retreat from the strategy at this… Read More ›
Entrepreneurship
Vertical Aerospace goes public through SPAC, deal valued at $2.2 billion
In a statement, electric vertical takeoff and landing aircraft (eVTOL) maker Vertical Aerospace said, it will go public through a merger with a blank-check firm in a deal valued at $2.2 billion. So far the company has pre-orders for up… Read More ›
China’s auto sector stumbles by 3% in May, outlook remains cautiously positive for full year
For the first time in 14 months, vehicles sales in China fell by 3% in May 2021, compared to the same period a year earlier, according to industry data released on Friday. Data from China Association of Automobile Manufacturers (CAAM)… Read More ›
Domino’s Pizza Group’s CFO to join pubs and hotels chain Fuller, Smith & Turner as Finance Director
On Friday, Domino’s Pizza Group said, Neil Smith, its CFO will be leaving the company to join Fuller, Smith & Turner, a pubs and hotels chain, as its finance director. Smith is expected to join Fuller, Smith & Turner by… Read More ›
China passes law to counter foreign sanctions
On Thursday, Chinese state television reported that Beijing has passed a law to counter foreign sanctions. The bill had undergone a secret first review in April, and was passed by China’s top legislature, the National People’s Congress (NPC) standing committee… Read More ›
UK, US to collaborate on reopening travel industry
In a statement the British government said, Prime Minister Boris Johnson and U.S. President Joe Biden are likely to collaborate in opening up the travel sector between the two countries “as soon as possible”. In his first overseas trip, Biden… Read More ›
Justin Smolkin, Ben Darsney appointed co-heads of Deutsche Bank’s equity capital markets (ECM) in the Americas
In an internal memo, Deutsche Bank has named, Justin Smolkin and Ben Darsney as co-heads of equity capital markets (ECM) in the Americas. According to the internal memo, Smolkin, managing director, joined the company in 2017 while Darsney joined in 2010.
Judicial Court of Paris charges Peugeot with consumer fraud in diesel emission investigation
In a statement Stellantis said, a French court has charged its unit, Peugeot, with consumer fraud and ordered the company to provide $36 million (30 million euros) in in guarantees for potential payouts. The charge, part of a diesel emissions… Read More ›
US Super-Rich Allegedly Pay Very Little Taxes, Claims Leaked Documents
A new website has published leaked data that shows claimed details of how little income tax is actually paid by billionaires of the United States. The tax returns of some of the richest people of the world, including Jeff Bezos,… Read More ›
Rolls-Royce appoints Anita Frew as its chairwoman
In a statement Rolls-Royce said, Anita Frew will succeed Ian Davis as the company’s chairwoman on October 1 2021, making her the first woman to chair the British aero-engine company. Davis will be retiring from the company as its chairman… Read More ›
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