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Project Financing Debt Of Over $1B Sought From Banks By Saudi Aramco: Reuters

Project Financing Debt Of Over $1B Sought From Banks By Saudi Aramco: Reuters

The Saudi Arabia based oil giant Saudi Aramco is reportedly seeking debt to finance some business plans and it has already requested banks to make offers for a debt financing of a project which is believed to be worth more than $1 billion, claimed a report published by the news agency Reuters on...
Survey Of Lloyd's Of London Discloses Deep Sexual Harassment Culture

Survey Of Lloyd's Of London Discloses Deep Sexual Harassment Culture

Following one in every ten workers of Lloyd's of London reported that they were witness to incidents to sexual harassment, the institution has promised to change the male dominated culture at the company.   Almost 8 per cent of the employees of the institution said that they had been witness...
AB InBev Asia Unit’s Revived IPO Raises $5 Billion In Hong Kong IPO

AB InBev Asia Unit’s Revived IPO Raises $5 Billion In Hong Kong IPO

The proposed initial public offering (IPO) of the largest brewer of the world Anheuser-Busch InBev NV (AB InBev) was launched this month after the company had decided to postpone it in July because of “several factors, including the prevailing market conditions”.   However this time the...
Huawei And China Mobile Contemplating Joint Bidding For Brazil’s Oi: Reports

Huawei And China Mobile Contemplating Joint Bidding For Brazil’s Oi: Reports

According to a report published in the O Globo Newspaper, the possibilities for a joint bid for the Brazilian phone company Oi SA is being mulled by Chinese etch giant Huawei Technologies Co. and China Mobile Ltd.   Huawie is the largest telecommunications equipment making company in the...
Thomas Cook Seeks Bailout Package From The UK Government As Last-Ditch Effort

Thomas Cook Seeks Bailout Package From The UK Government As Last-Ditch Effort

Travel firm Thomas Cook has sought the help of the United Kingdom government for a bailout package as the company is desperately trying to avoid a collapse after threats from its lenders about not supporting a proposed deal for merger with a Chinese firm, according to a report published in the...
New Portal Video Chat And TV Streaming Devices Launched By Facebook

New Portal Video Chat And TV Streaming Devices Launched By Facebook

Facebook Inc made its first navigation into TV streaming hardware as it unveiled its new models of Portal video chatting devices on Wednesday. The social media giant however offered a small selection of subscription services.   According to analysts, the latest move by the company is being...
Despite US Ban And Google Unavailability, Huawie Unveils Its Mate 30 Series Phones

Despite US Ban And Google Unavailability, Huawie Unveils Its Mate 30 Series Phones

Chinese tech giant Huawei has revealed its latest flagship phones of its Mate 30 series  - the Mate 30 Pro and the Mate 30, in a grand event in Munich, Germany on Thursday.   However the phones would not have the support of Google and its apps because of the ban on the Huawei by the...
Weak Investor Response Force WeWork To Delays IPO

Weak Investor Response Force WeWork To Delays IPO

A not so encouraging response from investors to the plans of the launching of initial public offering (IPO) of WeWork owner The We Company has forced it to postpone the plans which were slated to be initiated this month itself, according to reports.   The United States based office-sharing...
Settlement In Emission Scandal Worth Millions Reached By Volkswagen In Australia

Settlement In Emission Scandal Worth Millions Reached By Volkswagen In Australia

Two very important Australian class actions filed related in relation to the global diesel emissions scandal have been settled by the Volkswagen Group (VW) and Audi.   According to reports, the payout according to the deal will be between $87 million and $127.1 million, or about $1,400 per...
US Opioid Case: Purdue Pharma Files For Bankruptcy In Its Attempt For A Settlement

US Opioid Case: Purdue Pharma Files For Bankruptcy In Its Attempt For A Settlement

Purdue Pharma, one of the companies allegedly behind the opiod crisis in the United States and one that has allegedly minted billions through sale of prescription painkiller OxyContin, has ultimately filed for bankruptcy at White Plains, New York, after thousands of cases related to the opioid...
Huawei Founder Offers Sharing Of Its 5G Tech With Western Companies For A Fee

Huawei Founder Offers Sharing Of Its 5G Tech With Western Companies For A Fee

Huawei has proposed selling off its current 5G know-how to a company in the West so that the security concerns surrounding the company among some of the Western countries and those that have been voiced by the United States president Donald Trump could be addressed. This proposal was made by the...
Hong Kong Stock exchange's $39 billion acquisition offer bluntly rejected by London Stock Exchange

Hong Kong Stock exchange's $39 billion acquisition offer bluntly rejected by London Stock Exchange

The unilateral offer by the Hong Kong Stock Exchange for purchasing the London Stock Exchange (LSE) for $39 billion was rejected by the LSE on Friday and has decided to continue with its planned acquisition of data and analytics group Refinitiv.   Following the rejection, the path open to...
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World

EU Pushes Reparations Strategy to Make Russia Pay for Ukraine’s War Costs

EU Pushes Reparations Strategy to Make Russia Pay for Ukraine’s War Costs
European leaders are moving closer to an unprecedented financial move: channeling proceeds from frozen Russian assets into a reparations loan for Ukraine. The initiative, spearheaded by the European...

Epstein “Birthday Book” Release Puts Focus on Trump: Legal, Political and Electoral Fallout

Epstein “Birthday Book” Release Puts Focus on Trump: Legal, Political and Electoral Fallout
Congressional disclosure of materials from Jeffrey Epstein’s estate has put a disputed 2003 “birthday book” squarely into the political spotlight. The book, turned over to the House Oversight...

China’s Xi’s blueprint for a multipolar era: markets, institutions and a China-led remit

China’s Xi’s blueprint for a multipolar era: markets, institutions and a China-led remit
Chinese President Xi Jinping used a high-profile summit of the Shanghai Cooperation Organisation to set out an expansive vision for a reshaped global order — one that leans on regional institutions,...

Economic Necessity and Geopolitical Hedging: Why India and China Are Reopening Skies and Trade

Economic Necessity and Geopolitical Hedging: Why India and China Are Reopening Skies and Trade
India and China’s agreement to resume direct flights and expand trade and investment marks a pragmatic thaw between two wary neighbours — a move shaped as much by regional border diplomacy as by a...

Putin–Witkoff Kremlin Talks Raise Global Stakes as U.S. Deadline Nears

Putin–Witkoff Kremlin Talks Raise Global Stakes as U.S. Deadline Nears
U.S. special envoy Steve Witkoff met Russian President Vladimir Putin at the Kremlin on Wednesday, just two days before the expiration of a key deadline set by President Donald Trump. The deadline...

People

Federal Judge Likely to Stand Guard Over Fed’s Independence in Cook Dispute

Federal Judge Likely to Stand Guard Over Fed’s Independence in Cook Dispute
The legal and political battle over President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook is moving into a Washington courtroom, where a federal judge is preparing to hear...

When Allies Turned Adversaries: The Dramatic Implosion of the Trump–Musk Alliance

When Allies Turned Adversaries: The Dramatic Implosion of the Trump–Musk Alliance
The alliance between former President Donald Trump and tech magnate Elon Musk—once hailed as an unlikely marriage of populist politics and Silicon Valley ambition—crumbled in a matter of days this...

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...