Recent Posts - page 328

• Malaysian Government, 1MDB seeking more than $5.6 billion in damages from audit firm KPMG

  By admin1 on July 10, 2021 • ( 0 )

  

  According to court documents,, Malaysia’s 1Malaysia Development Berhad (1MDB) and the state government are seeking more than $5.6 billion in damages from KPMG partners for alleged negligence and breaches linked to a corruption scandal at the fund. The audit firm… Read More ›

• Sainsbury’s To Phase Out Selling CDs And DVDs

  By admin2 on July 9, 2021 • ( 0 )

  

  The British supermarket giant Sainsbury’s will no more sell CDs and DVDs as the demand for these products has dwindled in the face of growing streaming services, the company said. The company’s customers were increasingly choosing to opt for music… Read More ›

• Growth In Central And Eastern Europe To Be Higher Than Western Europe, Says IMF Chief

  By admin2 on July 9, 2021 • ( 0 )

  

  The rate of economic growth of countries in central and eastern Europe kin the next few years would be faster than the countries in western Europe, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday. The combined gross domestic… Read More ›

• Britain to end quarantine restrictions for fully vaccinated travelers from medium risk countries

  By admin1 on July 9, 2021 • ( 0 )

  

  In a significant development, British transport minister Grant Shapps said, London will share the details of a plan which aims to do away with quarantine for fully vaccinated travellers who return from medium risk countries. The potential move will boost… Read More ›

• UK liable to pay $56.2 billion as part of post-Brexit financial settlement

  By admin1 on July 9, 2021 • ( 0 )

  

  In a statement, the executive body of the European Union said, the United Kingdom is liable to pay $56.2 billion (47.5 billion euros) to the bloc as part of its post-Brexit financial settlement. The amount, forming part of the EU’s… Read More ›

• China’s state owned corporates contributed record defaults during Q2

  By admin1 on July 9, 2021 • ( 0 )

  

  China’s corporate bond defaults have hit a record high in 2021, underscoring growing tightening of credit and increased reluctance by regional governments to bail out troubled state-owned firms. During the first half of this year, bond defaults by Chinese companies… Read More ›

• Chinese EV maker Nio Inc to have 4000 battery swapping stations globally by 2025

  By admin1 on July 9, 2021 • ( 0 )

  

  On Friday, Qin Lihong, the president of Chinese electric vehicle maker Nio Inc said, it plans to have 4,000 battery swapping stations globally by 2025. Nio, which makes premium electric cars, aims to have 700 battery swapping stations by the… Read More ›

• Euro Zone To Have Higher Growth Than Previously Forecast, Says EU

  By admin2 on July 8, 2021 • ( 0 )

  

  The growth in euro zone economy will be faster for both this year and next than was previously estimated, said the European Commission on Wednesday even though there are growing concerns that there could be fresh restrictions because of the… Read More ›

• Transatlantic Routes Could Re-Open In Weeks, Says IATA Airlines Head

  By admin2 on July 8, 2021 • ( 0 )

  

  There was cautious optimism among the travel industry about a surge in demand in the industry in the second half of the year, said the head of global airline body International Air Transport Association Director General (IATA) Willie Walsh. Walsh… Read More ›

• French banking giant BPCE diversifies revenue streams, increases focus on ESG in profit push

  By admin1 on July 8, 2021 • ( 0 )

  

  On Thursday, France’s BPCE, which is in the process of delisting its Natixis investment banking arm, announced plans to boost its revenues by 2024 by partly increasing its focus on sustainable investing. It expects the move to generate additional revenues… Read More ›

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