In a statement Indonesian carrier Garuda Indonesia said, air cargo firm PT My Indo Airlines has filed a lawsuit against it over failure to repay a debt. The court proposal had no immediate impact to Garuda’s operations, the company said… Read More ›
pandemic
Market hasn’t factored longterm climate risks: Invesco survey
According to the results of a survey by Invesco, nearly a third of sovereign wealth funds and central banks have raised their focus on environmental, social and governance issues over the past year with the coronavirus-induced COVID-19 pandemic highlighting issues… Read More ›
UK CFOs double down capex as economy reopens
According to the results of a survey of chief finance officers, large businesses in Britain are surging ahead with post-lockdown investment plans. In a statement audit firm Deloitte said, its poll found CFOs were planning to increase investment, as well… Read More ›
Britain to end quarantine restrictions for fully vaccinated travelers from medium risk countries
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 ›
Australia drags China to WTO over economic coercions
In a statement, Australia’s Foreign Minister Marise Payne said, with Canberra dragging Beijing to the World Trade Organisation over the latter imposing anti-dumping duties on wine exports, bilateral negotiations is expected to commence. Last week, the Australian government filed a… Read More ›
Indonesia’s flagship carrier Garuda Indonesia defaults on$500 million sukuk
In a statement Indonesia’s flagship carrier, Garuda Indonesia said, it could not distribute coupon payments for its $500 million sukuk after a 14-day grace period, with the airline’s finances still significantly impacted by the coronavirus pandemic. “Under these circumstances, and… Read More ›
Ebay Inc sells South Korean business to Shinsegae Group and Naver for $3.6 billion
On Wednesday, in a statement EBay said, it will sell its South Korean business to Shinsegae Group and Naver, an e-commerce firm for around $3.6 billion (4 trillion won). According to Euromonitor, EBay Korea with a market share of about 12.8%… Read More ›
Biden renews partnership with EU allies, cools off trade tensions
In a significant development, U.S. President Joe Biden is aiming to intensify efforts to renew transatlantic relations. On Tuesday, he will be meeting leaders from the European Union to cool off trade tensions and join forces to defeat the coronavirus-induced… Read More ›
Domino’s Pizza Group’s CFO to join pubs and hotels chain Fuller, Smith & Turner as Finance Director
On Friday, Domino’s Pizza Group said, Neil Smith, its CFO will be leaving the company to join Fuller, Smith & Turner, a pubs and hotels chain, as its finance director. Smith is expected to join Fuller, Smith & Turner by… Read More ›
Chinese grocery app Dingdong Maicai files for US IPO
Sequoia Capital and Tiger Global Management-backed Chinese grocery app Dingdong Maicai has filed for a U.S. initial public offering. The coronavirus-induced COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Alibaba Group, Dingdong, and… Read More ›
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