Country Garden issues default warning amidst steep drop in property sales
Country Garden, one of China’s largest property developers, has issued a second warning in just over two months about the possibility of defaulting on its [more…]
US relaxes export on semiconductor equipment destined for Samsung and SK hynix plants in China
The United States has chosen to streamline the export process for its semiconductor manufacturing equipment to Samsung Electronics and SK hynix facilities in China, eliminating [more…]
Convicted former Goldman Sachs banker joins efforts to recover 1MDB fund assets
A former Goldman Sachs executive who was convicted in the United States for his involvement in the embezzlement of a Malaysian sovereign wealth fund has [more…]
La Lucha Libre, Mexican free wrestling, an unmissable extravaganza in Mexico
In Mexico, a nation celebrated for its rich culture and traditions, travelers are treated to an extraordinary experience that transcends the ordinary. Amidst the myriad [more…]
Japan, South Korea, and Singapore defying downturn trend in real estate
Resilience and standout performance in the global property industry are exemplified by various factors, such as the United States’ record-high house prices despite rising mortgage [more…]
Growing health and safety concerns prompt Tesla workers in Germany to unionize
Employees at Tesla’s Brandenburg plant are increasingly becoming members of the IG Metall union due to mounting concerns related to health, safety, and excessive workloads, [more…]
US targets RISC-V chip standard in technology confrontation against China
Bipartisan US lawmakers call on the Biden administration to address RISC-V chip standard for national security reasons. The US is considering restricting its companies from [more…]
Bristol-Myers announces acquisition of Mirati in a potential $5.8 Billion transaction
Bristol-Myers Squibb has announced its acquisition of Mirati Therapeutics for a potential sum of $5.8 billion, signaling a strategic move to expand its presence in [more…]
Central Bank of Israel offloads $30 Billion in foreign reserves to stabilize markets
The Bank of Israel announced a plan to sell up to $30 billion in foreign reserves to support its domestic currency, the Israeli shekel, which [more…]
Fast-fashion startup Virgio, with a valuation of $161 million, is set to cease operations
Virgio, a fast-fashion startup founded by former Myntra chief, is closing down less than a year after securing funding with a valuation exceeding $160 million. [more…]