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South Korean Regulator Requests $4 Billion Financing to Support Troubled Credit Cooperative-thumnail

South Korean Regulator Requests $4 Billion Financing to Support Troubled Credit Cooperative

South Korea’s financial services regulator has reportedly asked major commercial banks to prepare approximately $4 billion in financing to provide support to MG Community Credit Cooperatives (MGCCC), which has been

Business

Jul 10, 2023

Thames Water Secures £750 Million Investment but Warns of Future Equity Needs-thumnail

Thames Water Secures £750 Million Investment but Warns of Future Equity Needs

Thames Water, the largest water company in Britain, announced on Monday that its investors had agreed to inject £750 million ($960 million) into the troubled business

Business

Jul 10, 2023

The French luxury group Kering acquired Creed for €3.5 billion-thumnail

The French luxury group Kering acquired Creed for €3.5 billion

As the owner of Gucci begins a strategically significant push into the cutthroat high-end beauty market, French luxury giant Kering spent €3.5 billion to purchase the fragrance company Creed. Four

Business

Jul 10, 2023

What has climate change got to do with businesses? Check this space-thumnail

What has climate change got to do with businesses? Check this space

Climate change is a serious concern these days when it comes to sustaining a future for the next generations. The progress of the society depends highly on industrialization and advancements

Business

Jul 10, 2023

Francisco Partners to sell Forcepoint unit to TPG for $2.45 billion-thumnail

Francisco Partners to sell Forcepoint unit to TPG for $2.45 billion

The Wall Street Journal reported on Sunday that private equity company TPG is acquiring a commercial division of software provider Forcepoint from Francisco Partners for $2.45 billion, citing sources. According to

Business

Jul 10, 2023

Yellen begins Beijing trip by criticizing China’s treatment of US companies-thumnail

Yellen begins Beijing trip by criticizing China’s treatment of US companies

According to a New York Times report, Treasury Department Secretary Janet Yellen began her trip to Beijing by criticising China’s treatment of American businesses and highlighting the challenges they have

Business

Jul 8, 2023

Microsoft India head Anant Maheshwari resigns from the post-thumnail

Microsoft India head Anant Maheshwari resigns from the post

Anant Maheshwari, the esteemed President of Microsoft India has made the decision to resign from his position in order to devote himself to new endeavors. Microsoft. Upon receiving his resignation.

Business

Jul 8, 2023

With Ant’s share repurchase plan, the company is valued at nearly $79 billion-thumnail

With Ant’s share repurchase plan, the company is valued at nearly $79 billion

The fintech behemoth Ant Group unveiled a share repurchase plan on Saturday, valuing the company at $78.54 billion, as management looks to replenish its pool of employee incentives and let

Business

Jul 8, 2023

Flipkart Is Providing Loans To Clients In An Effort To Increase Sales-thumnail

Flipkart Is Providing Loans To Clients In An Effort To Increase Sales

The Walmart-owned Indian e-commerce giant Flipkart has announced that it would now provide personal loans to its clients. Customers may anticipate approval in as little as 30 seconds and amounts up to Rs 5 lakh are available with flexible payback schedules of six to 36 months.

Business

Jul 7, 2023

Taiwan’s Exports Experience Steep Decline, Prolonged Weakness in US and China Demand-thumnail

Taiwan’s Exports Experience Steep Decline, Prolonged Weakness in US and China Demand

Taiwan’s export-driven economy faced a significant setback in June, as Taiwan’s exports recorded the sharpest decline in almost 14 years. Persistent weakness in demand from major markets, including the United

Business

Jul 7, 2023

Tesla Escalates Price Battle in China’s Electric Vehicle (EV) Market with Monetary Incentives and Rebates-thumnail

Tesla Escalates Price Battle in China’s Electric Vehicle (EV) Market with Monetary Incentives and Rebates

To further consolidate its supremacy in China’s electric vehicle (EV) market, Tesla made a notable announcement on Friday. The company revealed its plan to provide cash incentives and rebates to prospective purchasers of its highly sought-after Model Y and Model 3 cars. This strategic move aims to motivate potential buyers while intensifying the ongoing price war in the world’s largest EV market. This article delves into Tesla’s recent approach and its implications for the industry.

Business

Jul 7, 2023

Ant Group Faces $1.1 Billion Fine: A Major Milestone in Regulatory Overhaul-thumnail

Ant Group Faces $1.1 Billion Fine: A Major Milestone in Regulatory Overhaul

Chinese authorities are reportedly preparing to announce a substantial fine of at least 8 billion yuan ($1.1 billion) on Ant Group, signaling the end of the fintech company’s extensive regulatory overhaul.

Business

Jul 7, 2023


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