According to sources familiar with the matter at hand, Zurich Insurance Group AG is in advanced negotiations to acquire MetLife Inc’s property and casualty (P&C) car and home insurance business for around $4 billion. Late on Friday, Zurich Insurance issued a statement… Read More ›
According to sources familiar with the matter at hand, the United States is slated to designate four more Chinese companies as being backed by China’s military thus curbing their access to U.S. investor funds. The previously unreported designations of the… Read More ›
According to an EU official involved in the negotiations to secure COVID-19 vaccines for the bloc, the European Union could potentially pay more than $10 billion to secure hundreds of millions of doses of vaccine candidates developed by Pfizer-BioNTech and… Read More ›
In a development that highlights the challenges facing Britain, the country’s finance minister Rishi Sunak has borrowed a record $285 billion (215 billion pounds) in the first seven months of this financial year as he prepares his war chest to… Read More ›
According to the prospectus to the planned merger of Fiat Chrysler with PSA, the tie-up will include a loyalty share scheme which rewards long-term investors in the new group and help prevent future takeover attempts. In December 2019, car maker Fiat… Read More ›
Mark Tucker, the chairman of HSBC has called on European banks to become more efficient while raising the possibility of branch closures and potential mergers in the banking industry. Tucker made these comments while speaking at a banking conference wherein he… Read More ›
On Thursday. British trade minister Liz Truss said, Britain is determined to enter into a trade agreement with Canada before the end of this year thus underscoring the notion that both countries could enter into subsequent agreements after securing this… Read More ›
On Thursday, in a significant development, Chinese President Xi Jinping stated, Beijing will reduce its tariffs and expand imports of high-quality goods and services; he also vowed to push reforms and promote an innovation-driven growth model. The development comes in… Read More ›
On Thursday, ailing German multinational conglomerate Thyssenkrupp AG said, it plans on cutting 5,000 jobs in order to ease the impact of the coronavirus, which emerged from Wuhan, China, from its businesses. “We’re not yet where we need to be. The… Read More ›
On Thursday, in a statement the Hungarian government stated, it plans on purchasing NASAMS air defense systems from Norway’s Kongsberg and from Raytheon, a U.S. company. The delivery for the same is scheduled for 2023.
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