Italy’s Treasury raises €1.4 billion by selling 2.8% stake in energy giant Eni
Italy’s Treasury has successfully sold a 2.8% stake in the energy group Eni, raising approximately 1.4 billion euros ($1.52 billion) as part of its efforts [more…]
Starwood REIT faces liquidity crunch amid investor exodus
Starwood Real Estate Investment Trust, under the stewardship of private real estate heavyweight Starwood Capital Group, is currently facing a liquidity squeeze. Recent reports indicate [more…]
New logistics hub in Afghanistan signals shift in global trade routes
News surfaced last week about plans for a new logistics center in Herat province, Afghanistan, involving Kazakhstan, and Turkmenistan. The project, part of the broader [more…]
Japan tightens rules on international students amid push for 400,000 by 2033
Last April, Prime Minister Kishida Fumio’s administration tweaked a Justice Ministry ordinance, aiming to tighten the rules around accepting international students. Under the new regulations, [more…]
Meta faces EU investigation over child safety on Facebook and Instagram
Meta, the parent company of Facebook and Instagram, is under the microscope of the European Union. The EU is probing into possible breaches of its [more…]
Malaysia drives past Thailand to secure second spot in Southeast Asia’s auto market race
In a notable shift, Malaysia has overtaken Thailand to become Southeast Asia’s second-largest auto market, following Indonesia. This development marks a significant change in a [more…]
Bank of Singapore expands family office business in Hong Kong, eyes growth in mainland China
In a move that underlines its bullish outlook on the city’s financial landscape, Bank of Singapore is ramping up its family office business in Hong [more…]
Allianz’s Q1 profits surge 21.8% on strong growth
Allianz, Europe’s insurance behemoth, kicks off the year with a performance that could rival a Beethoven symphony in its grandeur and precision. The German giant, [more…]
Instagram overtakes Naver in South Korea, surpassing 20.9 billion minutes of usage
Instagram has dethroned Naver as the third most popular mobile app in South Korea, according to industry data released on Tuesday. The photo-sharing app racked [more…]
Michael Schumacher’s iconic timepieces auctioned for millions, captivating collectors worldwide
In a spectacular event at Christie’s in Geneva, the cherished timepieces of Formula 1 legend Michael Schumacher fetched an astonishing 4 million Swiss francs ($4.41 [more…]
