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S&P: Global sovereign borrowings will reach $12.3 trillion in 2025 03/05/2025

Vietnam's Strategic Pivot: Dodging U.S. Tariffs Through Reform And Innovation 02/28/2025

Beyond Subsidies: Charting China's Shift From Short-Term Stimulus To Structural Consumer Renewal 02/28/2025

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Business & Finance

ByteDance buys game developer Mooton Technology

Chinese company ByteDance, which owns video service TikTok, is buying game developer Mooton Technology, Reuters reported, citing a statement from the company. Terms of the deal have not been disclosed, but according to Reuters, ByteDance has made a significant investment in the developer, which is...

$29B-worth rail operators merger takes place in North America

Canadian Pacific Railway is buying US rival Kansas City Southern, the companies announced. The deal is valued at $29 billion, including Kansas City Southern's debts, the largest merger in the market since the beginning of the year. Kansas City Southern shareholders will receive 0.489 Canadian...

UK Antitrust Regulator To Probe Facebook

After launching antitrust investigation into Google and Apple earlier this year, a similar probe is being prepared against the largest social media company Facebook by Britain’s competition regulator within the next few months. That would be the latest event in the efforts of the regulator to rope...

British Airways Mulls Sale Of Its Headquarters Due To Homeworking Trend

British Airways feels that it may not need as much of office space as it currently possess because of the rising trend of working from home that got pace during the Covid-19 pandemic and hence the airline was considering selling off the building that houses it headquarters. This news of...

Nestle Uses Cocoa Pulp To Replace Sugar In Its Chocolates

The global food giant Nestle is set to launch a chocolate sweetened with cocoa fruit pulp and has been named “Incoa” bar even as confectionery companies are trying to find ways to reduce added sugar in their products. Through this venture the company has made use of the cocoa fruit pulp...

Experts: Cybercriminals step up attacks on wealthy investors

Cybercriminals have begun to target family offices that manage the wealth of wealthy investors more frequently. They have weaker defences than banks, making them easier targets for criminals. Digitalisation and the pandemic have increased the activity of cyber-fraudsters trying to defraud family...

Chinese online retailer Pinduoduo overtakes Alibaba in users number

Chinese online retailer Pinduoduo has published its financial statements for 2020 - the information that attracted the most attention from investors and the media was that the number of active users of the service reached 788.4 million people for the year. Thus, Pinduoduo overtook Internet giant...

Chinese Firms Facing Trump Investment Ban Considering Suing US Government After Xiaomi Win Against Ban

Following the decision of a Federal judge in the United States suspending a blacklisting of the Beijing based smartphone maker Xiaomi by the administration of the former US president Donald Trump, a host of Chinese firms that have also been included in the sweeping investment ban and blacklisting...

Foxconn Will Make Electric Vehicles At Its Wisconsin, US, Plant Or In Mexico

Electric vehicles may be manufactured by Foxconn, the major Apple Inc supplier, at its factory in Foxconn which is a high profile one but is currently in some trouble, said chairman of the Taiwanese company. However the company also choose to Mexico for this project. At a White House...

Purdue Pharma unveils new plan to emerge from bankruptcy

US pharmaceutical company Purdue Pharma, considered one of the main culprits of the US opioid epidemic, has submitted a plan to emerge from bankruptcy. The plan has been submitted to the bankruptcy court in White Plains, New York. As the submitted plan suggests, Purdue Pharma will be dissolved and...