According to a source familiar with the matter at hand, KKR & Co Inc has collected $18.5 billion for its latest flagship North America private equity fund, in what is slated to be its biggest-ever fund in less than five… Read More ›
Entrepreneurship
G7 increases focus on malignant threats from China, Russia
On Tuesday, in a significant development, Britain is set to agree to a firm decisive stand from its G7 partners to protect democracies against global threats stemming from China and Russia. Hosting the event, Britain is likely to lay the… Read More ›
Siemens Healthineers raises sales & profit outlook, sees heightened demand for its rapid antigen tests
On Monday, Siemens Healthineers raised its full-year sales and profit forecast on the back of heightened demand for rapid antigen tests coming from the Wuhan Coronavirus-induced COVID-19 pandemic. The German health technology company expects its sales to grow by 14%… Read More ›
BP partners with EnBW Energie Baden Wuerttemberg AG for bids to build offshore wind farms off Scotland
Early on Monday, according to a report from The Times, BP Plc is preparing to bid for the rights to build wind farms off Scotland. In an interview, BP’s CEO Bernard Looney stated, the company “was looking at bidding in the… Read More ›
Apollo Global Management Inc close to acquiring Verizon Communications Inc’s media assets worth $5 billion
As per a source familiar with the matter at hand, Apollo Global Management Inc is closing in on a deal to acquire the media assets of Verizon Communications Inc in a deal that could be valued close to $5 billion. Earlier on… Read More ›
Euro Zone Contracts In Q1 And Slips Into Another Recession
With a third wave of the Covid-19 pandemic hitting some countries of the Eurozone forcing re-imposition of lockdowns and restrictions, the euro zone economy contracted in the first quarter of 2021. According to preliminary data released by Europe’s statistics office… Read More ›
Biggest Economic Boom In UK Since 1948 Predicted By Barclays Chief
Barclays chief Jes Staley believes that the biggest economic boom since the one after World War Two will be experienced by the United Kingdom. This comment was made by him even as the bank reported more than doubling of profits… Read More ›
Muted First Quarter Results And Chip Shortage Concerns Cause Drop In Tesla’s Shares
Concerns of investors remained about the lofty evaluation of the United States based electric car maker Tesla as well as the over the prolonged global chip shortage and rising competition in the electric car segment which resulted in the stocks… Read More ›
Reports Of EIB Planning Digital Bond Issuance Pushes Ethereum To Record High
Media reports about the plans of the European Investment Bank to launch a “digital bond” sale on the ethereum blockchain network encouraged investors in this digital currency – the second largest of the world in terms of market capitalization which… Read More ›
Antitrust Complaint Filed Against Apple In Germany Over Its New iPhone Software
Even as Apple gets ready to roll out a new version of its iPhone software, the company has been accused of antitrust abuse in Germany. A complaint against the company was filed on Monday to Bundeskartellamt, Germany’s competition regulator. The… Read More ›
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