Alternatives to the SWIFT Payment System
SWIFT, also known as Society for Worldwide Interbank Financial Telecommunications, is the most important of all the systems for banking transfers worldwide....
Indian Rupee Strikes All Time Low, Likely to Diminish Further
Indian rupee slumped to a new all time low against the US dollar. The rupee has witnessed fall of 60 paise and...
Shell Agrees to Buy Sprng Energy for $1.55 Billion
Private equity firm Actis will sell its Sprng Energy renewable platform to a subsidiary of British energy giant Shell for $1.55 billion....
Tesla Recalls Cars in China and the US over Safety Concerns
Tesla has recalled more than 14,600 3s car models in China due to software problems for the second time. Tesla is the...
Sanctions-Hit Amsterdam Trade Bank Declared Bankrupt
Amsterdam Trade Bank (ATB), a subsidiary of Russia's Alfa Bank, has been declared bankrupt due to the imposition of sanctions. The Dutch...
A German Consortium to Develop ‘Battery Passport’ for Europe
A German-funded consortium of carmakers and battery producers, including BMW, Umicore and BASF will develop a 'battery passport' for Europe, said Germany's...
Indonesia Bans Palm Oil Exports, Excludes Crude Palm Oil
Crude Palm Oil (CPO) has been exempted from the upcoming Indonesia’s palm oil export ban from 28 April 2022, according to Ministry...
Airbnb Recovers from COVID-19 Impact
The Covid-19 pandemic had hurt many sectors of the economy, but tourism was the worst-hit besides the short-term rental market. Airbnb, one...
Increasing concerns over global recession as global risks are rising
Despite recovering from the COVID-19 pandemic, global economies face more challenges that affect their economic activity. Global market risks are increasing and...
Chinese Exports to Russia Face Challenges Due to War with Ukraine
The Russian economy continues to weaken, since the beginning of the Russian war against Ukraine. That is due to sanctions imposed primarily by Western countries on...
12Page 1 of 2
Recent Articles
PMI Seeks To Break New Ground With Swedish Match Acquisition
Marlboro manufacturer Phillip Morris International (SW: PMI) agreed to buy Swedish Match tobacco and nicotine products (ST: SWMA). PMI already made a cash...
Telemedicine Start-up ‘Hey Jane’ Planning to Mop Up Funds
Hey Jane, a telemedicine start-up invested in providing abortion pills, is looking for funding from a Series A round. So far, the...
Zara to Charge Shoppers for Online Returns
The giant fashion chain Zara conquered the internet through its fashion trends. With over 2,000 stores worldwide, Zara is indeed famous among...
Saudi Arabia Orders 100,000 Electric Cars Moving Towards Energy Transition
The Saudi Ministry of Finance has announced that Saudi Arabia made a deal with electric car manufacturer Lucid Motors.
The Popularity of Second-Hand Industry Grows in Germany
The development of e-commerce not only impacted fast fashion but also the development of the second-hand industry. For a long time, pre-owned...
Most Popular
No ARM as Regulators Stops $40 bn Bid From Nvidia Amid Strong Fears Over...
Nvidia's $40bn bid to buy British chip designer ARM in September 2020 has hit a stumbling block. Concerned UK regulators have put...
New High Yield Bond Ratings February 15 – February 19, 2021
At least 25 companies received a revision on high yield bond ratings during the week of February 15 - February 19, 2021....
Ginkgo Bioworks Makes Headway in COVID-19 Testing as Part of #MeetTheNeed Initiative
As part of its #MeetTheNeed initiative, General Atlantic today announced the updated the efforts of its portfolio company, Ginkgo Bioworks, in developing...
Pros and Cons of Foreign Direct Investment (FDI)
FDI is critical for developing and emerging market countries. Despite the benefits that can be reaped from Foreign Direct Investment (FDI), there are...
Cryptocurrency Tax Software Provider Gets a Valuation of $1.33 billion
Cryptocurrency tax software provider, TaxBit, has raised $130 million in a Series B funding round. It has a $1.33 billion valuation....
