EU Aid Package for Egypt
The European Union (EU) has announced an aid package of €7.4 billion ($8.06 billion) for Egypt to strengthen the country’s economy and enhance cooperation to address migration challenges.
Uber Settlement with Australian Taxi Drivers
Uber has reached a landmark settlement agreement to pay A$271.8 million (US$178 million) to resolve a class-action lawsuit brought by Australian taxi operators and drivers.
Flipkart’s Valuation Decline
India’s E-commerce giant Flipkart has seen a significant decline in its valuation over the past two years, according to equity transactions disclosed by its parent company, Walmart.
India’s Economic Growth Outlook
India is experiencing an economic surge reminiscent of the golden era between 2003 and 2007, according to a report by Morgan Stanley economists.
Reddit’s IPO Oversubscribed
Reddit’s highly anticipated initial public offering (IPO) is generating significant investor interest, with sources revealing that it is currently between four and five times oversubscribed.
Indian Real Estate Sector Forecast
A report released by the Confederation of Real Estate Developers’ Association of India (CREDAI) unveiled promising forecasts for the Indian real estate sector, projecting remarkable growth reaching $1.3 trillion by 2034.
Australia’s Interest Rate Outlook
Australia’s Reserve Bank is anticipated to maintain its interest rates at 4.35 per cent for the third consecutive meeting amidst economic slowdown, rising unemployment, and sluggish growth.
TSMC’s Chip Packaging Expansion
Taiwan’s semiconductor giant, TSMC, is reportedly considering establishing advanced chip packaging capacity in Japan, potentially energizing Japan’s semiconductor industry.
Venture Global LNG Expansion
Venture Global LNG announced its acquisition of nine liquefied natural gas (LNG) transport vessels, signaling a significant expansion of its capabilities in selling and shipping its own cargoes.
UBS’s US Expansion Plans
Swiss banking powerhouse UBS is eyeing potential merger and acquisition opportunities in the United States in the coming years, aiming to expand its wealth management operations.
China’s Industrial Output Growth
Industrial output in China surged by 7.0 per cent year-on-year during the January-February period, offering relief to policymakers and indicating positive economic momentum.
