Recent coronavirus infection cases are increasingly at risk of weakening the landscape of 2021–22. Global credit rating agency Fitch Ratings and the Reserve Bank of India both said in their separate reports on Thursday that the transition between the second wave of coronavirus could quickly delay recovery in the gross ...
Read More »The pitfalls of legal cannabis in Canada
The authorized herb generates about 1,800 million euros in the country after increasing by 120% during 2020. In October 2018, the Justin Trudeau government legalized recreational marijuana in Canada, the second country, after Uruguay, to adopt this measure (the medicinal use has been authorized since 2001). After two and a ...
Read More »Germany will negotiate the purchase of the Russian Sputnik V vaccine bilaterally
Germany is willing to negotiate a bilateral contract with the manufacturer of the Russian vaccine Sputnik V, Health Minister Jens Spahn told the WDR broadcaster on Thursday. Germany has been trying for weeks to get the European Commission to centrally negotiate an agreement with Moscow so that the Russian preparation ...
Read More »Key moment for Atlantia, CDP consortium’s talks – minister
ROME, (Reuters) – Talks between Atlantia and a team of investors led by Italian state lender CDP have entered a key moment, the country’s transport minister said on Thursday, when the group holds a board meeting to review the new offer for its motorway unit. Last week CDP and its ...
Read More »SocGen prepares to sell Luxor to Amundi for $ 979 million
Societe Generale negotiated exclusively to sell its mostly asset manager Luxor to Amundi for 825 million euros ($ 979 million) and complete the corporate restructuring of the French bank. SocGen said on Wednesday that the capital gain from the Lyxor sale would be around 430 million euros, adding that the ...
Read More »Online lender SoFi to give IPO access to retail investors
(Reuters) – Online lending startup Social Finance Inc (SoFi) will allow retail investors to buy into initial public offerings (IPOs) of companies, an investment opportunity traditionally reserved for large Wall Street investors. SoFi’s Friday announcement comes a day after a Reuters report revealed that online brokerage Robinhood Markets was building ...
Read More »Germany: AstraZeneca vaccinations resumes in country after clot scare
AstraZeneca resumed the vaccination with coronavirus vaccine in Germany on Friday, following a recommendation by European regulators that the benefits of the shot outweigh the risks. On Thursday, the European Medicine Agency shared information that the vaccine is safe, but it cannot rule out a link to a small number ...
Read More »Barclays CEO eyes China for investment bank expansion
British bank Barclays pulled back heavily on Asia, eyeing China for investment bank’s expansion, said the bank’s CEO Jes Staley at the Morgan Stanley European Financials Conference on Tuesday, Bloomberg reported. Barclays is looking to build on its small presence in China, while continuing to invest in capital markets, an area that ...
Read More »UK set to new counter-terrorism center, says biological, nuclear or chemical attack likely
Britain said on Tuesday that it would build a new homeland security headquarters to improve its response to a “major threat” from terrorism, a breakthrough chemical, biological, or nuclear likely to occur by the end of the decade. In its integrated review, which meets the priorities of the country’s post-Brexit ...
Read More »Fintech Stripe reached at $95 billion valuation
The fastest-growing internet company and a startup as a payment processor company, Stripe benefited from the epidemic-driven by the surge in online shopping. The increasing fund for Stripe has made it the world’s most valuable startup in the financial-tech company. Stripe shared a piece of information that it gained USD ...
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