Swedish property giants SBB and Heimstaden face billions in losses
In a turn of events reflecting the volatile nature of the European property market, two of Sweden’s leading property companies found themselves grappling with substantial [more…]
Category: Business
Fast Retailing targets global expansion for GU Brand in the U.S. and Europe
Fast Retailing, the company behind the Uniqlo brand, is setting its sights on expanding the presence of its GU brand in the United States and [more…]
Amazon Web Services to invest $5 billion in Mexico’s cloud computing infrastructure
In a move to meet the rising demand for cloud services in Mexico, Amazon Web Services (AWS) has announced a significant investment exceeding $5 billion. [more…]
KB Kookmin Bank expands reach with launch of KB Prasac Bank in Cambodia
KB Kookmin Bank has unveiled its latest venture in Cambodia with the launch of KB Prasac Bank. The new unit aims to deeply penetrate the [more…]
Broadcom nears $3.8 billion deal to sell EUC business to KKR in portfolio streamlining effort
In a strategic move, chipmaker Broadcom is reportedly on the cusp of finalizing a deal to offload its end-user computing (EUC) business for a staggering [more…]
AT&T to credit consumers affected by wireless outage
AT&T’s recent wireless outage left many customers frustrated and disconnected, prompting the company to announce billing credits for impacted consumers. The outage, which lasted over [more…]
Café Barbera brews up excitement with Saudi Arabia expansion
In a bid to bring a taste of Italy to the heart of Saudi Arabia, Café Barbera has announced a bold new partnership with Big [more…]
Exxon Mobil considers bids for Argentine shale assets valued at $1 billion
Exxon Mobil, the U.S. energy giant, is currently weighing bids for its Argentine shale assets, valued at approximately $1 billion. The company has attracted several [more…]
BASF announces additional 1 billion Euro cost-cutting plan
BASF, the German chemicals giant, is tightening its belt once again, announcing plans to slash an additional 1 billion euros in annual costs at its [more…]
FalconX eyes Hong Kong market, set to offer OTC brokerage and crypto derivatives services
Digital asset brokerage firm FalconX has set its sights on Hong Kong as it expands its services to meet the rising institutional demand for crypto [more…]