Blackstone

Blackstone’s Strategic Move in Japan’s Pharmaceutical Sector: A Game-Changer for Clinical Trials

In a significant move that underscores the growing interest of global private equity firms in Japan’s life sciences industry, Blackstone Inc. has announced its acquisition of a majority stake in CMIC Co., a Tokyo-based contract research organization (CRO). The deal,...
Euro Strengthens as Eastern European Leaders Rally Behind Ukraine Amid US Uncertainty

Euro Strengthens as Eastern European Leaders Rally Behind Ukraine Amid US Uncertainty

Global Markets React to Political Developments; European Defense and Trade Concerns Shape Market Trends The euro started the week on a strong note, rising 0.4% against the US dollar as Eastern European currencies followed suit. The Polish zloty and Romanian...
China LNG Imports

China’s LNG Imports Drop to Five-Year Low Amid Weak Demand and High European Prices

China’s liquefied natural gas (LNG) imports fell to a five-year low last month as weak domestic demand and higher prices in Europe diverted shipments away from the world’s second-largest economy. According to data from commodities analytics firm Kpler, China imported...
iron ore at a steel factory in Tangshan in China's Hebei Province

Iron Ore Futures Decline for Sixth Straight Session Amid Rising U.S.-China Trade Tensions

Iron ore futures extended their losing streak on Monday, marking the sixth consecutive session of declines, as escalating trade tensions between the United States and China weighed on market sentiment. However, the fall was cushioned by optimistic Chinese manufacturing data,...
China's Trade Slowdown in November Sparks Concerns Amid Imminent U.S. Trade Risks

China Gears Up for Retaliation Against New U.S. Tariffs, Escalating Trade War Concerns

The U.S.-China trade conflict is set to enter a new phase of hostilities as Beijing prepares countermeasures against fresh import tariffs imposed by the United States. According to China's state-controlled Global Times, the Chinese government is formulating responses to the...
Skype

Microsoft to Retire Skype After 14 Years, Paving the Way for Teams

Microsoft Corp. is officially bringing the curtain down on Skype, the internet calling and chat service that was once synonymous with online communication. Acquired by Microsoft nearly 14 years ago in a high-profile $8.5 billion deal, Skype was a revolutionary...
mongolia

Mongolia’s Government Confronts Economic Challenges Amid Global Uncertainty

Following Mongolia’s 2024 parliamentary elections, the newly formed coalition government faces the formidable challenge of sustaining economic growth while navigating global economic uncertainties. With a solid export performance and an expansionary fiscal policy fueling optimism, structural vulnerabilities in agriculture, energy,...
Cambodia- Vietnam Trade

Cambodia’s Trade with Vietnam Grows, but Economic Imbalances Persist

Cambodia’s trade with Vietnam has surged in recent years, with bilateral trade expanding by over 20 per cent in 2024. However, the trade relationship remains deeply imbalanced, with Cambodia continuing to export primarily raw materials while importing higher-value manufactured goods....
SpaceX

Elon Musk Calls for Early Deorbit of ISS, Challenging NASA’s Plans

SpaceX CEO Elon Musk has stirred controversy by calling for the early deorbit of the International Space Station (ISS), urging that it be retired within two years—far ahead of NASA’s current plan to maintain the station until 2030. In a...
Abu Dhabi Expands Economic Horizons with China Through Strategic Trade and Investment Deals

Abu Dhabi Expands Economic Horizons with China Through Strategic Trade and Investment Deals

Strategic Agreements Signed to Bolster Economic, Trade, and Investment Cooperation  A high-profile economic delegation from Abu Dhabi, led by the Abu Dhabi Department of Economic Development (ADDED), has successfully concluded an official visit to China, culminating in a series of...
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