Sweden’s central bank cuts interest rate to 3.75% as economy struggles, signals further easing ahead
In a move widely anticipated by financial markets, Sweden’s central bank announced a reduction in its key interest rate from 4.00% to 3.75% on Wednesday. [more…]
PSC Insurance welcomed into Ardonagh Group’s fold, set to bolster Australian presence
In a move set to shake up the insurance landscape, Australia’s PSC Insurance is poised to be acquired by the UK’s Ardonagh Group in a [more…]
PLDT in talks to sell stake in data centre business to Japan’s NTT, valuation at $750 million
In a move set to reshape its data centre landscape, the Philippines’ leading telecommunications giant, PLDT, is in advanced discussions to sell up to 49% [more…]
Freeport-McMoRan set to boost copper exports amidst Indonesia export licence extension
In a move to capitalize on soaring copper prices and alleviate smelter shortages, Freeport-McMoRan is gearing up to export up to 900,000 metric tons of [more…]
Lufthansa and ITA Airways submit new proposals to EU Commission in bid to secure stake purchase approval
In a bid to address the European Commission’s regulatory concerns, the Italian government and Lufthansa have submitted new proposals regarding the German airline’s planned acquisition [more…]
British startup Wayve hits the accelerator with $1.05 billion funding boost
In a move set to redefine the landscape of self-driving cars, British startup Wayve announced a staggering $1.05 billion investment round, spearheaded by SoftBank, Japan’s [more…]
Peloton’s bumpy ride, a tale of debt, losses, and private equity interest
In a twist of fate for the once-celebrated fitness brand, Peloton has found itself at the center of buyout talks with private equity firms. The [more…]
Alipay+ targets global expansion in Europe, Latin America, and Middle East
In a move to expand its global presence, Chinese fintech giant Ant Group is leveraging its digital offering, Alipay+, to connect mobile payment apps worldwide. [more…]
Paris organizers battling cyber threats with vigilance and innovation
As the world eagerly awaits the Paris 2024 Olympics, organizers are gearing up to tackle an unprecedented challenge – cybersecurity. With the Games set to [more…]
Boeing faces new scrutiny over potential quality lapses
In a recent development, federal air-safety regulators have initiated an investigation into Boeing following the disclosure that some inspections on 787 Dreamliners may have been [more…]