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…]
Indonesia’s growth momentum tested by tight monetary policy and export weakness
Indonesia’s economy displayed steady growth in the first quarter, driven by robust domestic consumption, but challenges such as tight monetary policy and export weakness may [more…]
Hong Kong and Shenzhen pioneer cross-border credit data verification
In a fresh move, Hong Kong and Shenzhen have embarked on a pioneering effort to test cross-border information verification, laying the foundation for seamless data [more…]
Robinhood faces SEC enforcement threat over crypto business, stock suffers pre-market dip
In a regulatory filing that raised eyebrows on Monday, popular trading platform Robinhood revealed that the Securities and Exchange Commission (SEC) had issued a Wells [more…]