The European Coca-Cola bottler appears to be facing a liquidity crisis!
Coca- Cola’s European distributor has been experiencing a liquidity crisis. Coca-Cola Europacific Partners’ second-quarter sales increased 54 % year over year to 3.6 billion euros, exceeding analysts’ expectations of 3.3 billion euros, according to sources. Lockdowns are already being eased, and out-of-home consumption is increasing, resulting in a $26 billion boost for the company. The […]
The biennial Internationale-Automobil-Ausstellung-The International Motor Show-begins this week!
The biennial Internationale-Automobil-Ausstellung, or International Motor Show, in Germany, begins this week. It is a well-attended event in which the entire country honors the country’s enduring automotive industry and invites the world’s most prestigious brands to participate. According to reports, this year’s event will be held in Munich, Bavaria, and will be a once-in-a-lifetime opportunity […]
To combat food shortages, Sri Lanka targets hoarders and bad traders!
Covid 19 has put the entire world in a difficult situation. People are fighting to survive not only the infection but also in a variety of ways. As a result of the lockdown, people are facing joblessness, food scarcity, and a lack of essential products. Services for export and import have also been halted for […]
Along with Covid-19, Vietnam’s largest city proposes a re-start of the economy!
Ho Chi Minh City, Vietnam’s coronavirus epicenter, plans to loosen the strict lockdown and resume financial activities on September 15, shifting away from its “Zero-COVID-19” approach to living with the virus after two years of fighting against the odds and hoping to be free of the virus. According to a draught seen by Reuters and […]
Explainer: What is China’s ‘common prosperity’ drive and why does it matter?
President Xi Jinping has called for China to achieve “common prosperity”, seeking to narrow a yawning wealth gap that threatens the country’s economic ascent and the legitimacy of Communist Party rule.
Deutsche Bank regains Hong Kong IPO sponsor licence
Deutsche Bank (DBKGn.DE) has regained its Hong Kong Initial Public Offerings (IPOs) sponsors licence after it was suspended in June following the departure of key staff, according to a notice on the website of the city’s markets watchdog.
BNP Paribas in wealth management JV talks with China’s AgBank -sources
BNP Paribas’ (BNPP.PA) asset management arm is in talks to form a wealth management venture with a unit of Agricultural Bank of China (AgBank), sources said, as the French firm pursues a bigger slice of China’s $19 trillion market.
Australia, Malaysia, Singapore and South Africa launch cenbank digital currency scheme
Central banks in Australia, Singapore, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC) to assess if this allows transactions to be settled more cheaply and easily, the banks said on Thursday.
Japan lays out growth strategy priorities ahead of elections
Japan announced on Thursday a list of initiatives it will focus on to promote green technology and digitalisation, as part of efforts to boost the economy’s long-term growth.
Asia stocks in cautious mood, dollar near 1-mth lows
Asian share markets were in a cautious mood on Thursday as concerns grew over the Chinese economy after a run of soft data, while the risk of a sub par U.S. payrolls report kept the dollar on the defensive.
