Syria channels assets seized from Assad-lnked businessmen into USD 50 billion fund
While the state-backed vehicle controls businesses and is striking deals with Gulf investors, it faces accountability questions as well...
Category : Featured
Nvidia-backed data centre firm Firmus seeks up to USD 3 billion after scrapping IPO
Firmus withdrew its IPO application on the Australian Securities Exchange on Friday, citing market volatility and prevailing conditions...
UniCredit-Commerzbank merger: EU antitrust decision due by November 16
UniCredit's two-year pursuit of acquiring Commerzbank succeeded in July, as the German lender entered into M&A talks with its Italian counterpart...
Maersk reverses logistics strategy with 26-ship buying spree after years of integration push
The company ordered the container ships in September, each capable of carrying 18,600 TEUs, taking the logistics giant's order book to 131 vessels...
China-EU trade deal: Europe targets China’s USD 7.5 billion hybrid car boom with export curbs
The timing of the deal couldn't have been worse for the Chinese automakers, who have been ramping up hybrid shipments exempt from EU tariffs...
Florida-based Securitize launches blockchain-based stocks with security entitlements
Securitize Stocks are also expected to trade on the new 24/7 digital trading venue being developed by the New York Stock Exchange (NYSE)...
African Union launches own credit rating agency to take on Moody’s, S&P and Fitch
AfCRA opens in Mauritius promising context-driven assessments of sovereign and corporate risk, but it has no ratings and no track record yet...
Goldman CEO David Solomon, top executives set for over USD 500 million in ‘Special Equity Awards’
While Solomon is set to receive over USD 100 million, President John Waldron and three business heads also stand to gain big...
US telecom operators face pressure as SpaceX acquires low-band spectrum
SpaceX, by pairing low-band airwaves with high-frequency space capacity, is looking to position Starlink Mobile to bypass conventional cell towers...
Porsche’s nine-month sales plunge 16% as sports car maker braces for prolonged downturn
Weak China demand, phase-out of the 718 model line and the automaker's focus on brand value over volume continued to weigh on sales...