European airlines are being forced to fly nearly empty passenger flights this winter in order for the airlines to keep prized take-off and landing sites at airports at a time when the demand for air travel is quite low. At… Read More ›
Sustainability
A Free Trade Deal With India In 2022 Would Be A Relief For The UK
For the United Kingdom, trade talks with India are not completely comfortable. However, with no progress on a free trade agreement with the United States and none expected in the near future, the formal initiation of trade discussions with India,… Read More ›
Chinese real estate market in dire straits
All is not well with China’s economy. Cash-strapped Chinese developers are scrambling to negotiate new terms with their bondholders to avoid defaults, with Yuzhou Group and the Shimao Group being the latest case in point of Chinese developers seeking extensions on their… Read More ›
Citi’s Strategy Of Revamping To See It Exit The Mexican Consumer Business
Citigroup Inc has announced that it will close its Citibanamex consumer banking operation in Mexico, ending a 20-year retail presence in the country that was the last of the bank’s overseas consumer businesses. Citigroup’s decision to sell or spin off Citibanamex,… Read More ›
Munich Re Report Says Insurers Shelled Out $120 Billion In 2021 Due To Natural Disasters
In a year that was marked by devastating storms and cold snaps in the United States, 2021 was recorded as the second most expensive year on record for the insurance companies of the world, according to Munich Re. The firm… Read More ›
The Mandarin Oriental In New York Will Be Bought By Asia’s Richest Man For $98 Million
Mukesh Ambani, Asia’s richest man, has purchased a majority interest in the Mandarin Oriental in New York City for slightly over $98 million. The hotel’s parent company, a Cayman Islands-based firm controlled by the Investment Corporation of Dubai, was acquired… Read More ›
Shimao Group Holdings places all real estate projects on sale to raise cash
In a report Caixin said, China’s Shimao Group Holdings has put on sale all of its real estate projects, including residential and commercial properties. The development marks the Chinese property developer accelerating asset disposals following cash shortages. Shimao, which defaulted… Read More ›
Blackstone to invest $3 billion in Invenergy Renewables Holdings LLC
In a statement Blackstone Inc said, it would invest around $3 billion in the largest private renewable energy company in North America. The deal marks Blackstone, the world’s largest manager of alternative assets boosting its sustainability credentials in Invenergy Renewables Holdings… Read More ›
Record sales of hybrid vehicles in US will deepen traction of pure EVs
According to data from the automotive industry, while increased consumer adoption of full-electric cars have grabbed headlines, sales of gasoline-electric hybrid have quietly achieved record sales in the United States in 2020. While US carmakers including Tesla Inc and Ford Motor… Read More ›
Surge In Electric Car Sales In The UK In 2021 But Wide Market Hit By Chip Shortage
Electric car sales increased dramatically last year in the United Kingdom, although the market as a whole did not rebound completely from the Covid-19 pandemic hit. According to the Society of Motor Manufacturers and Traders, more electric cars were registered in 2021… Read More ›
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