- December 29th, 2024
Global buyout giant Blackstone is reportedly close to acquiring the popular U.S.-based sandwich chain Jersey Mike’s Subs in a deal valued at around $8 billion, including debt. According to a source familiar with the matter, the announcement could come as...
In the high-stakes world of global asset management, George Efstathopoulos, a Singapore-based money manager for Fidelity International, is positioning himself as a staunch believer in China’s economic resilience. After capitalizing on China’s dramatic stock market rally in September, Efstathopoulos is...
Chinese scientists are advancing the design and development of next-generation hexapod robots, aiming to revolutionize lunar exploration capabilities. These six-legged robots, currently under development, promise unprecedented stability, motion fluidity, and load-bearing efficiency, paving the way for robust extraterrestrial exploration. The...
Vietnam, a rapidly growing manufacturing hub in Southeast Asia, is set to rely heavily on coal-fired power plants next year to meet its surging electricity demands, according to a statement by the government on Monday (Nov. 18). Amid efforts to...
Foxconn, a leading supplier for Apple, has implemented significant changes to its hiring practices in India. The move comes after a Reuters investigation in June 2023 uncovered discriminatory recruitment criteria at Foxconn's main iPhone assembly plant in Sriperumbudur, near Chennai....
In the heart of Banda Aceh, the capital of Indonesia's most conservative province, a quiet revolution is brewing—cup by cup. At Morning Mama, a cafe run entirely by women, 28-year-old owner Qurrata Ayuni and her team are redefining gender roles...
Business leaders in Nagoya on Monday, Bank of Japan (BOJ) Governor Kazuo Ueda painted a cautiously optimistic picture of Japan's economic trajectory. Highlighting progress towards achieving sustained inflation bolstered by wage growth, Ueda suggested that conditions for raising interest rates...
Chinese e-commerce powerhouse Alibaba Group is embarking on an ambitious plan to raise $5 billion through a multi-tranche bond offering, according to sources privy to the matter. The fundraising initiative includes both U.S. dollar-denominated bonds and offshore Chinese yuan bonds,...
In a stark warning to Australia’s mining sector, BHP Group’s Australia President Geraldine Slattery cautioned that the country must rethink its reliance on traditional export markets and prepare for a more competitive global landscape. Speaking at a conference in Brisbane...
Wall Street’s optimism toward Chinese stocks is fading rapidly as persistent deflationary pressures, geopolitical tensions, and a subdued macroeconomic outlook weigh heavily on investor sentiment. Major financial institutions such as Morgan Stanley and Goldman Sachs have issued cautious outlooks, downgrading...
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