Grab Focuses on US IPO
The Singaporean multinational ride-hailing company looks for a listing in the U.S. stock exchange this year. It is said that initial public offering (IPO) might gain $2 billion at a minimum level, potentially the biggest stock offering by a company in the southeast Asia. The plans by IPO, which depend on today’s market conditions, have […]Read More
AT&T To Lay Off Workforce in Slovakia
AT&T (the American telecommunications company) looks to reduce its employees in the European country of Slovakia due to a fall in demand. Active for over a decade, AT&T Global Network Services Slovakia offers customer service as well as network engineering. In a country with a population of 5.5 million, the firm has employed nearly 2,800 […]Read More
Canada Supports Businesses After Couche-Tard’s Failed Deal
François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, in a tweet to Alain Bouchard, Chairman of the Board of Directors of Alimentation Couche-Tard, guaranteed to support the company when the plan to purchase European retailer Carrefour SA failed. After France’s cold-shouldering to keep the deal, the two companies canceled transaction on January 15. The […]Read More
Deliveroo Raises to Develop Food Delivery Business
Deliveroo, the online food delivery company in the UK, reported of another $180 million raise by the investors. Planning to have its first sale of stocks in the forthcoming months, the food company will go through the largest issue of shares after 3 years. Will Shu, the company’s founder, said with this financial support we […]Read More
Malaysia Files Against EU on Palm Oil Biofuels
The Malaysia’s government reported of a legal measure against the European Union (EU) over palm oil-based biofuel restrictions. Labeling the European Renewable Energy Directive as a “discriminatory action”, Malaysia looks for settlement through WTO, according to the Ministry of Plantation Industries and Commodities (MPIC). Mohd Khairuddin Aman Razali, the minister of MPIC, believes that the […]Read More
Namibia Holds Off Poultry Import from Europe
Namibia’s Ministry of Agriculture, Water and Forestry has halted imports of live poultry and birds from 10 countries in Europe after the outbreak of HPAI (avian influenza). The banned countries include Germany, Ireland, the UK, the Netherlands, Belgium, Ukraine, Denmark, France and Sweden. Albertina Shilongo, Chief veterinary officer at the ministry, said as the illness […]Read More
SEC Investigates Exxon Mobil on Value of Key Asset
Stocks of ExxonMobil Gas Company dropped over 5% January 15 when a report from the Wall Street Journal stated that the U.S. Securities and Exchange Commission (SEC)’s investigation on the valuation of key asset in Oil Producing Area of The Permian Basin. Allegedly, the oil and gas corporation has forced its employees to offer incorrect information; […]Read More
AfCFTA Opens Up Its Markets
Under the African Continental free trade treaty, countries opened up their markets at the beginning of 2021; and although there’s a threat by the pandemic, duty-free commerce is ongoing across the borders. The new market in the African Continental Free Trade Area (AfCFTA) is able to enhance the quality of 30 million extremely poor Africans, […]Read More
Delta To Return on Recovery Path in 2021
2021 is expected “the year of recovery” for flight businesses after their strong hit by the pandemic. In this regard, Ed Bastian, Chief Executive Officer of Delta Air Lines, said we don’t expect the summer travel to get back to its previous position; yet, we will see a significant restoration which will bring us profits […]Read More
Siemens Make Offshore Wind Turbine for Hydrogen
In line with expanding renewable hydrogen, the two companies of Siemens Gamesa Renewable and Siemens Energy AG have planned to make offshore wind turbine to generate the gas through electrolysis. Siemens Energy, shares 67% of Siemens Gamesa, which is the largest supplier of offshore wind turbines in the world. Allocating $146 million for the project, […]Read More