A government linked think tank in China has said that last year, the total hidden debt of the country’s local governments was at 14.8 trillion yuan ($2.3 trillion) and that figure could rise even further in the current year. According… Read More ›
Strategy
Microsoft In Negotiation With Gaming Firm Discord For An Acquisition Of The Later For $10 Billion
A video-game chat community, Discord Inc, could be acquired by Microsoft Corp as the two companies are in talks to get a deal through which is expected to be worth more than $10 billion, said reports quoting sources with knowledge… Read More ›
Amazon To Reduce Its Stake To 11.5% In Deliveroo In Its London IPO
According to the initial public offering (IPO) prospectus of the British food delivery firm Deliveroo, one of its biggest investors – Amazon.com, will reduce its stake in the company from 15.6 per cent to 11.5 per cent when the firm… Read More ›
Large global companies cut back earlier plans to reduce office space: KPMG survey
According to the results of a survey by KPMG, most major global companies have cut back on their earlier plans to reduce their use of office space following the coronavirus-induced COVID019 pandemic, despite few businesses expecting to return to normal… Read More ›
India’s $14 billion Electric Vehicle policy offers automakers fresh incentives
In a significant development that potentially sees global carmakers increasing their footprints in India’s huge car market, New Delhi plans on offering fresh incentives to companies making electric vehicles (EVs) as part of a policy push in the auto sector… Read More ›
WeWork plans stock market listing through SPAC, discloses losses at $3.2 billion for 2020
According to sources familiar with the matter at hand, office sharing startup WeWork lost $3.2 billion in 2020; this was disclosed during a presentation shown to prospective investors as part of a pitch for $1 billion in investment and a… Read More ›
‘Constant Attention’ Needs To Be Given To Global Chip Shortage, Says Nokia CEO
According to the Pekka Lundmark, President and CEO of Nokia, the current viability of the supply chain of semiconductor chips in the world is not as good as it used to be abd therefore there is need for a closer… Read More ›
U.S. economy on the brink of completing recovery from coronavirus induced recession
In a statement the President of the Richmond Federal Reserve said, the U.S. economy may be “on the brink of completing the recovery” from the recession that was triggered by the coronavirus-induced COVID-19 pandemic. “Vaccines are rolling out, and case… Read More ›
Severe flooding caused by torrential rains shutdown coal deliveries to Newcastle port
On Monday, in a statement Australian Rail Track Corp said, Hunter Valley coal rail lines have been shut down because of the massive flooding in the state of New South Wales which have halted deliveries into the port of Newcastle…. Read More ›
China’s Great Wall Motor plans on launching new off-road vehicles: chairman
Wei Jianjun, the chairman of China’s Great Wall Motor said, the company plans on launching a new standalone brand for its off-road vehicles, as it seeks to pursue new segments in its home market. Great Wall, China’s top pick-up truck… Read More ›
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