JD.com abandons bid for Currys, following Elliott Advisors’ retreat
In a twist of events reminiscent of a high-stakes poker game, Chinese online retailer JD.com has decided to fold its hand and walk away from [more…]
Category: Business
Nidec, KPS Capital Partners compete for Siemens AG’s Innomotics business
Two heavyweights, Japan’s Nidec and New York-based KPS Capital Partners, are locked in a high-stakes competition to acquire Siemens AG’s Innomotics large motors business. The [more…]
Greece’s Eurobank ventures into Indian market, eyeing business expansion
In a bid to broaden its global presence, Eurobank, one of Greece’s leading financial institutions, is making significant strides into the Indian market. The bank [more…]
Daiso’s quirky Japanese charm takes the U.S. by storm, plans to open 65 stores in 2024
Nestled amidst Daiso’s eclectic array of vibrant stationery lies a retail strategy that has captured the hearts of many. The Japanese low-cost retailer, renowned for [more…]
China’s Xpeng unveils ambitious global expansion plans with right-hand drive model launch
Chinese electric vehicle (EV) manufacturer Xpeng is gearing up for its global expansion with the announcement of its first right-hand drive model, set to launch [more…]
Germany nears acquisition of TenneT’s German power grid from The Netherlands
In a move that could reshape Germany’s energy landscape, The Netherlands is on the brink of finalizing a deal to sell TenneT Holding’s power grid [more…]
Lufthansa Cabin Crew Union Takes to the Skies for Better Pay
In a move that could disrupt travel plans for thousands, Lufthansa’s cabin crew union has announced a strike at Lufthansa and short-haul carrier CityLine. The [more…]
Saudi Arabia and the United Arab Emirates are targeting lithium to diversify their economies
In a strategic move to diversify their economies and capitalize on the global shift towards electric vehicles (EVs), national oil giants Saudi Aramco and Abu [more…]
New reserve at Kaiping South oilfield bolsters CNOOC’s offshore portfolio
China National Offshore Oil Corporation (CNOOC) announced a significant discovery in the South China Sea, revealing a new reserve with over 100 million tons of [more…]
Banco Santander expands presence in Qatar with office in Doha’s financial centre
Banco Santander, the global banking giant, has recently expanded its reach to the vibrant financial hub of Doha, Qatar, by opening a representative office in [more…]