European banking executives express worries that the rise in artificial intelligence will make banks more reliant on large US tech companies, posing new risks to
Category: WORLD NEWS
Emerging Markets got $5.5b forex inflows in May making it the 7th straight month.
May saw foreign portfolio inflows into emerging markets for the seventh consecutive month as a result of investors flooding the market with bonds; but, the
Disney set to invest $17b in Florida resort after resolving legal disputes with DeSantis appointees.
A deal that may see Disney invest $17 billion on its Florida resort and pave the way for the opening of a fifth sizable theme
Volvo launches the world’s first EV battery passport 3 years before the EU 2027 dateline.
Volvo Cars is introducing the first-ever EV battery passport in the world, which will track the source of components, recycled materials, raw materials, and carbon
Toyota apologizes for massive cheating on certification tests and halts production of 3 models.
On Monday, Toyota Chairman Akio Toyoda issued an apology for widespread cheating on certification tests for seven different car models, while the company also halted
Saudi Aramco the world’s 6th most valuable company offers $11.9b shares for sale after the 2019 IPO.
Saudi Arabia said on Friday that it will sell a second tranche of billion-dollar shares in its state oil company, Aramco. This is the country’s
Google will invest $2b in Malaysia making it the 12th Country to host a data center and Cloud hub.
In the next major move by a major American IT company into South-east Asia, Google is to invest $2 billion in Malaysia, building its first
Goldman Sachs Alternatives to lend $20b to private equity-backed global businesses.
The alternative investments platform of Goldman Sachs Asset Management said on Wednesday that more than $20 billion had been raised for senior direct lending through
T-Mobile to acquire US Cellular wireless operations and 30% spectrum in a $4.4b cash and debt deal.
In a $4.4 billion agreement, T-Mobile is acquiring the wireless operations and some spectrum holdings of U.S. Cellular, further dominating the market. In addition to
Toyota, a Japanese automaker opts out of IOC’s largest sponsorship deal after the Paris games.
After this year’s Olympics in Paris, carmaker Toyota is expected to sever its enormous sponsorship agreement with the International Olympic Committee, according to Japanese sources.
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