Neumann’s ambitious bid adds intrigue to WeWork’s bankruptcy saga
In a surprising turn of events, Adam Neumann, the ousted co-founder of WeWork, has submitted a bold bid exceeding $500 million to acquire the company [more…]
Category: Business
Shimao Group’s debt woes deepen as offshore restructuring plan faces uphill battle
Shimao Group Holdings, the Shanghai-based property developer, is in the midst of a challenging financial situation, trying to restructure its offshore debt of US$11.7 billion. [more…]
Novo Nordisk dives deeper into cardiovascular realm with Cardior acquisition
In a move set to bolster its presence in the cardiovascular disease arena, Novo Nordisk has announced the acquisition of Cardior Pharmaceuticals for up to [more…]
Discovery Bay Ferry sparks fare controversy despite taxpayer support
Discovery Bay Transportation Services has once again sparked controversy by requesting a substantial 60 per cent increase in ferry fares, setting off alarm bells among [more…]
Boeing CEO Dave Calhoun to step down in management shake-up
In a surprising move, Boeing CEO Dave Calhoun has announced that he will be stepping down from his position at the end of 2024, marking [more…]
Toei Animation announces ‘Dragon Ball’ theme park in Saudi Arabia
In a surprising move that left fans ecstatic, Toei Animation has unveiled plans for the world’s first-ever “Dragon Ball” theme park, set to be constructed [more…]
PetroChina to receive Venezuelan oil shipment
In a noteworthy development, PetroChina Co. is poised to receive a shipment of Venezuelan oil, marking a significant shift in its sourcing strategies. The cargo, [more…]
Asian airlines flock to Airbus, a blow to Boeing
In a turn of events, Airbus has secured orders for 65 jets from two major Asian carriers, dealing a significant blow to its U.S. rival [more…]
Norway’s first offshore wind farm to be developed by Japanese consortium
In a bid that marks a significant step towards Norway’s renewable energy ambitions, a consortium led by two Japanese power companies has secured the rights [more…]
Zomato’s ‘Pure Veg’ fleet decision sparks controversy and backlash, forces company to reverse course
In a recent turn of events, food delivery app Zomato faced backlash over its decision to introduce a dedicated fleet of green vehicles exclusively for [more…]