[ Berlin: Deutsche Bahn on Tuesday said it had launched the sale process for its logistics subsidiary Schenker as the German rail operator looks to “focus on its core business”. No financial details were disclosed, but German media have said the sale could be worth up to 20 billion euros ($22 billion). The company said … Read more
[ KUALA LUMPUR: MATRADE will continue to boost Malaysia’s aerospace players into the global supply chain in line with the New Industrial Masterplan’s (NIMP) goal of increasing economic complexity while increasing aerospace revenues as envisioned in the Malaysian Aerospace Industry Blueprint (MAIB). It said MATRADE intended to increase aerospace product and services exports to Europe … Read more
[ KUALA LUMPUR: Globetronics Technology Bhd has assured investors that APB Resources Bhd‘s proposed acquisition of a 10.4% stake in the company and subsequent change in major shareholder is not expected to substantially impact its daily activities. “We are focused on strengthening our existing business platform while strategically diversifying our customer base to exciting new … Read more
[ Taking matters into their own hands, Chinese entrepreneurs are tapping overseas markets more than they ever did in the past. They are keen to draw in new consumers, especially the resilient Americans who shop like billionaires. They are also running away from a crowded home base, where a race-to-the bottom mentality still dominates. These … Read more
[ NEW YORK, Dec. 19, 2023 /PRNewswire/ — On November 12, 2023, the 29th Annual Summit of The Chinese Finance Association (TCFA) took place in New York. This annual gathering served as a platform for industry leaders, financial academic experts, financial regulators, and TCFA members to share their insights on the latest developments in the … Read more
[ Curry mix spicing up inflation! Spices like jeera, turmeric, chillies, and others are driving up inflation due to reduced crop acreage and pest issues, affecting production. Economists note that spices inflation has consistently been over 22% since July. This surge could contribute about 0.6 percentage points to retail inflation between December and March as … Read more
[ Doha, Qatar: Qatar is swiftly moving towards environment-friendly solutions by diversifying its energy sources, said an official. In the meantime, the country adapts to electrifying its public transport system, shifts to greener buildings, and decarbonizes the industrial processes. Speaking to The Peninsula in an interview, the President of the Motion Service Division at ABB Group … Read more
[ Other approved storage and generation projects include Neoen Australia’s Culcairn solar farm, a hybrid battery energy storage in Merriwa; another battery energy storage owned by Ark Energy in Myrtle Creek; and the Silver City compressed-air energy storage system in Broken Hill. AGL said it would fund the Liddell battery from cash flows, existing debt, … Read more
[ A general view of the fiancial district in Lusail, Qatar. Doha, Qatar: Qatar’s office market is expected to see a boost in 2024 and beyond, with GSAS ratings contributing a pivotal part, cites reports. According to the analysts at Cushman & Wakefield, this could be due to the shortage of high-specification energy-efficient buildings that drive … Read more
[ The real estate sector lifted 0.9 per cent after minutes of the December policy meeting, released at 11.30am, showed the Reserve Bank had considered lifting the cash rate before deciding that holding it at 4.35 per cent was a stronger case, noting encouraging signs of progress about inflation. Lithium explorer Azure Minerals entered a … Read more
