Recent Posts - page 393

• United Predicts Revival Of Pandemic Hit Travel Sector Orders 25 New Boeing 737 Max Jets

  By admin2 on March 2, 2021 • ( 0 )

  

  Orders for an additional 25 Boeing 737 Max jet planes were placed with the United States based aircraft makers by United Airlines which is the largest order for the planes since they were grounded globally in March 2019. The American… Read More ›

• SoftBank-Supported Coupang Wants To Launch US IPO Valued At Over $50 Billion

  By admin2 on March 2, 2021 • ( 0 )

  

  The largest initial public offering in the United States so far this year could be launched by the South Korean e-commerce giant Coupang, which has the support of HJapanese conglomerate SoftBank Group. According ot reports, the IPO from the company… Read More ›

• Saudi Arabian Airlines to order 70 new airlines from Airbus and Boeing

  By admin1 on March 2, 2021 • ( 0 )

  

  According to Saudi Arabian news outlet Maaal, Saudi Arabian Airlines (Saudia) plans on ordering 70 airliners from Airbus and Boeing. The report states, Saudia is negotiating with local banks to raise $3.07 billion (11.5 billion riyals) to partly finance an… Read More ›

• AT&T sells minority stake to buyout firm TPG Capital, trims debt

  By admin1 on March 2, 2021 • ( 0 )

  

  In a statement AT&T Inc said, it plans on selling nearly a third of its stake in DirecTV to buyout firm TPG Capital in a deal that values the business at $16.25 billion. Less than 6 years ago it had… Read More ›

• SoftBank Group Corp writedowns its $1.5 billion investment in supply-chain finance company Greensill Capital

  By admin1 on March 2, 2021 • ( 0 )

  

  According to a report from Bloomberg News citing sources familiar with the matter at hand, SoftBank Group Corp’s Vision Fund has significantly written down its $1.5 billion investment in supply-chain finance company Greensill Capital. According to the report, SoftBank’s Vision… Read More ›

• Amazon.com Inc faces lawsuit alleging systemic racism in workplace

  By admin1 on March 2, 2021 • ( 0 )

  

  A female manager at Amazon.com Inc has filed a lawsuit against the online retailer alleging that it hires Black people for lower positions, and promotes them more slowly than white colleagues. She also said she was subjected to harassment. The… Read More ›

• From 2022 banks in EU to publish world’s first green asset ratio

  By admin1 on March 1, 2021 • ( 0 )

  

  In a significant development, the European Union’s banking watchdog stated, starting from next year banks in the Eurozone would have to publish a pathbreaking “green asset ratio” (GAR) as a core measure of their climate-friendly business activities. With investments in… Read More ›

• Porsche to participate in electric supercar maker Rimac Automobili’s funding round

  By admin1 on March 1, 2021 • ( 0 )

  

  In a statement to Automobilwoche weekly, Volkswagen unit Porsche said, it is participating in Rimac Automobili’s funding round which will see the electric supercar maker raise $157 million-$181 million (130 million-150 million euros). “The fundraising should be completed in two… Read More ›

• Cloud-communications firm Twilio Inc nears deal to invest $750M in Syniverse Technologies LLC

  By admin1 on March 1, 2021 • ( 0 )

  

  According to a report from the Wall Street Journal, Twilio Inc, a cloud-communications firm, is in talks to invest around $750 million in Syniverse Technologies LLC. The investment is slated to be announced later today, which could be followed by… Read More ›

• AstraZeneca sold its 7.7% stake in Moderna Inc for more than $1 billion

  By admin1 on March 1, 2021 • ( 0 )

  

  According to a report from The Times, AstraZeneca Plc has sold its 7.7% stake in Moderna Inc for more than $1 billion. Moderna’s shares soared following news of its COVID-19 vaccine breakthrough. The report did not clarify the period over… Read More ›

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