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…]
Category: Business
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…]
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…]
Indeed to slash more jobs in Dublin as part of worldwide staff reduction
In a twist straight out of a corporate drama, Indeed, the well-known online recruiter, has announced yet another round of job cuts. Brace yourselves, Dublin, [more…]
South Korea’s KEPCO explores UK nuclear project, following Hitachi’s retreat
In a potential bid to bolster its global energy footprint, Korea Electric Power Corp (KEPCO) is reportedly in talks with the British government to construct [more…]
Hyundai Mobis powers up EV expansion with new $65.8 million plant in the city of Ulsan
In a move to solidify its position in the electric vehicle (EV) market, Hyundai Mobis Co., South Korea’s premier auto parts maker, announced plans to [more…]
Nestle pours billions into Brazil for Nescafe’s youthful coffee revolution
Nestle, the Swiss giant known for its Nescafe brand, is set to pour 1 billion reais ($196.5 million) into Brazil’s coffee market by 2026. Their [more…]
China state media rallies behind TikTok in legal battle against US, calls law ‘Suppression’
In a twist of legal maneuvers and geopolitical posturing, Chinese state media outlets have come out in strong support of TikTok and its parent company [more…]
Freeport-McMoRan set to boost copper exports amidst Indonesia export licence extension
In a move to capitalize on soaring copper prices and alleviate smelter shortages, Freeport-McMoRan is gearing up to export up to 900,000 metric tons of [more…]
Lufthansa and ITA Airways submit new proposals to EU Commission in bid to secure stake purchase approval
In a bid to address the European Commission’s regulatory concerns, the Italian government and Lufthansa have submitted new proposals regarding the German airline’s planned acquisition [more…]