Swiss government steps up oversight of UBS and other big banks
In a move to prevent a repeat of the Credit Suisse collapse, Switzerland has announced stricter capital requirements for UBS and other systemically relevant banks. [more…]
Category: Business
J&J dives deeper into heart health with Shockwave Medical acquisition
In a move set to expand its range of medical devices dedicated to heart disease treatment, Johnson & Johnson has announced its agreement to acquire [more…]
Kering expands Milan presence with $1.4 billion purchase of Via Montenapoleone building
Kering, the French luxury group behind iconic brands like Gucci and Saint Laurent, is expanding its footprint in the heart of Milan’s exclusive shopping district [more…]
Chery makes history as first Chinese EV maker to establish a plant in Vietnam
In a move that signals the burgeoning electric vehicle (EV) market in Vietnam, automaker Chery has inked a landmark joint venture agreement with local company [more…]
Adidas bans number 44 on Germany football shirts over Nazi symbolism concerns
Adidas, in conjunction with the German football federation, has made the decision to ban the use of the number 44 on football shirts due to [more…]
TotalEnergies powers up Belgium’s energy future with second battery storage project
In a bid to bolster Belgium’s energy infrastructure, TotalEnergies is set to expand its footprint in the country with a second battery storage project. The [more…]
South Korean companies secure $7.2 billion deal to expand Saudi gas plant, largest order in Middle East
In a significant win for South Korean companies, Samsung E&A Co. and GS Engineering & Construction Corp. (GS E&C) have secured a combined US$7.2 billion [more…]
CCB sees more support from Beijing as profit pressures persist
China Construction Bank (CCB) is eyeing additional policy support from Beijing to strengthen the economy, even as major state-owned lenders grapple with the need to [more…]
Schlumberger expands portfolio with ChampionX acquisition
In a move reflecting the dynamic landscape of the North American energy sector, the top oilfield services company announced on Tuesday its plans to acquire [more…]
RHI Magnesita to acquire Resco Group, expanding U.S. market reach
In a expanding move to strengthen its position in the alumina-based refractories market, Vienna-based RHI Magnesita has unveiled plans to acquire Resco Group, a U.S.-based [more…]