In a statement on Wednesday, Russia’s biggest lender Sberbank said, it was exiting from almost all European markets following threats to its staff, property and large cash outflows. The development comes in the wake of the bank reporting a record annual… Read More ›
In a statement Valereum, a Blockchain company said, it would buy 90% of the Gibraltar Stock Exchange (GSX) to create the world’s first bourse where cryptoassets and shares and can be traded. Valereum, which is listed on London’s Aquis Exchange,… Read More ›
Belgian drugmaker Galapagos NV has named former Johnson & Johnson senior executive Paul Stoffels as its CEO, effective from April 1, 2022. Since 2012, Stoffels was the chief scientific officer at Johnson & Johnson and has spearheaded the development of its single-shot… Read More ›
Shares of Indonesia’s PT Bukalapak.com jumped by 25% on its trading debut with investors scrambling to get a piece of the action in the country’s first listed tech unicorn. PT Bukalapak.com, which counts Singapore sovereign fund GIC Pte Ltd and… Read More ›
In a development that underscores the revival of the economy, sales at Birkin handbag maker Hermes during the second quarter more than doubled from the previous year, especially in Asia and the US markets, with shoppers flocking its stores. The luxury… Read More ›
According to three sources familiar with the matter at hand, Chevron Corp has emerged as a leading contender to acquire one of Royal Dutch Shell Plc’s refineries in the U.S. Pacific Northwest. Shell has been trying to sell its 145,000… Read More ›
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 ›
In a significant development that underscores the fact that the previous Administration efforts aimed at countering China’s exploitive trade practices have indeed hit their targets, senior Chinese diplomat Wang Yi has called on the Biden Administration to reopen dialogue with… Read More ›
According to Tesla Inc’s website, it has increased the prices of its Model S sedan across Europe with rates varying according to different countries. In Germany for example, the Model S currently stands at $97,699.28 (81,990 euros), against its earlier… Read More ›
In a significant development, the Trump Administration has passed an executive order which prohibits U.S. investments in Chinese companies, which are owned or controlled by the Chinese military. The executive order is likely to impact some of China biggest companies,… Read More ›
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