The growing popularity of flavorings will drive more deals!
Investors are following their instincts. Azelis, a company owned by EQT that manufactures personal care fragrances and food flavorings, rose 13% on its market debut in Brussels on Friday. First, at the moment of the ranking, the company, which also manufactures chemicals for home appliances and also glues and sealants, was valued at more than […]
Bitcoin tries to recover as the Evergrande-led selloff subsides!
On Tuesday, cryptocurrency prices recovered from one-and-a-half-month lows as a massive selloff overnight triggered by fears of a potential loan default by property developer China Evergrande (3333. HK) eased slightly, but investors braced for more volatility. A cryptocurrency, crypto-currency, or crypto is binary data intended to act as a medium of exchange, with individual coin […]
Diageo sees an increase in margins as new bars and restaurants open!
Diageo Plc (DGE.L), a leading global beverage alcohol manufacturer, announced on Thursday that it has had a “strong start” to its financial year and that it expects sustainable operating profits to rise as restaurant and bar sales in North America and Europe recover. Nonetheless, it expects short-term uncertainty to persist, citing African, Asian, and Latin […]
ABB launches world’s fastest electric car charger
ZURICH, Sept 30 (Reuters) – ABB (ABBN.S) has launched the world’s fastest electric car charger, the Swiss engineering company said on Thursday, as it presses ahead with plans to float the business which could be valued at around $3 billion. read more The company’s new Terra 360 modular charger can charge up to four vehicles at once, and […]
China’s electric carmakers make their move on Europe
MUNICH/BEIJING, Sept 30 (Reuters) – China’s electric carmakers are darting into Europe, hoping to catch traditional auto giants cold and seize a slice of a market supercharged by the continent’s drive towards zero emissions. Nio Inc (NIO.N), among a small group of challengers, launches its ES8 electric SUV in Oslo on Thursday – the first foray […]
Analysis: How the delta variant affects the global economy!
When the entire world was attempting to resume its journey toward a more economically sound environment following the Covid-19 outbreak, the rise of the delta variant dashed all hopes, and the economy appeared to be shattered once more as a result of the Covid restrictions and lockdown. However, most countries are now working to relax […]
The platform ‘Invest in Dubai’ has won the award for ‘Best Global Digital Transformation Initiative for Investors 2021’!
According to the World Bank’s Ease of Doing Business Report, Dubai has been the largest business city in the UAE for over 15 years, with a population of 3.4 million people, 16.73 million visitors, an area of 4,114 km2, and an unemployment rate of 0.5 %. With the goal of making Dubai the happiest city, […]
German consumer morale brightens heading into October – GfK
BERLIN, Sept 28 (Reuters) – The mood among German consumers brightened unexpectedly heading into October to reach its highest level in a year and a half, a survey showed on Tuesday, in a sign that households continue to support the recovery in Europe’s largest economy. The GfK institute said its consumer sentiment index, based on […]
Yen sinks, Aussie climbs as Evergrande contagion fears recede
TOKYO, Sept 27 (Reuters) – The safe-haven yen sank to its lowest in nearly three months on Monday, while the risk-sensitive Australian dollar continued to recover from an almost one-month low, as fears of widespread contagion from China Evergrande Group (3333. HK) receded. The yen also fell as higher U.S. yields attracted Japanese investor money while rising […]
Erdogan says Turkey plans to buy more Russian defense systems
WASHINGTON, Sept 26 (Reuters) – President Tayyip Erdogan said Turkey still intended to buy a second batch of S-400 missile defense systems from Russia, a move that could deepen a rift with NATO ally Washington and trigger new U.S. sanctions. Washington says the S-400s pose a threat to its F-35 fighter jets and to NATO’s […]
