CaixaBank's acquisition of Bankia to create Spain's largest bank
Sep 19, 2020 09:32 am UTC| Economy
CaixaBank will acquire state-owned Bankia in an all-share deal that would create Spains largest bank with total assets exceeding $786.6 billion. The deal will help the companies tackle dwindling profitability due to the...
Dubai’s DP World to work with Israel’s DoverTower in bid for Haifa Port
Sep 18, 2020 07:32 am UTC| Economy
Dubai state-owned DP World is teaming up with Israels DoverTower in a joint venture that will bid in the privatization and to conduct a study on opening a direct shipping line between the two Middle East states. Haifa...
60% of pandemic-induced business closures in US become permanent
Sep 17, 2020 03:36 am UTC| Economy
Yelp data revealed that 97,966 of the 163,735 business closures across the US due to the pandemic as of Aug, 31 wont be reopening. Permanent business closures rose 34 percent since Yelps last report in mid-July. Yelp...
S. Korea, Germany to boost energy ties towards economic recovery, climate goals
Sep 16, 2020 10:04 am UTC| Economy
South Korea and Germany vowed via a virtual meeting to bolster cooperation in the energy sector towards the recovery of their virus-hit economies and helping each other achieve their climate goals. According to the...
S. Korea's corporate sales suffer record 10.1% drop in Q2
Sep 15, 2020 09:08 am UTC| Economy
South Korean companies suffered a 10.1 percent dip in sales in the second quarter, its sharpest on record, and plunging from a 1.9 percent on-year drop in the first quarter. It was also the sixth consecutive quarterly...
S. Korea eyes online trade platform deal with Uzbekistan
Sep 14, 2020 23:52 pm UTC| Economy
South Korea is seeking bilateral trade deals with Uzbekistan that would establish a platform to help local SMEs sell products through contactless channels, says Deputy Prime Minister and Finance Minister Hong...
Temporary flights to bring residents of China stuck in S. Korea back home
Sep 14, 2020 23:06 pm UTC| Economy
Korean Air Lines and Xiamen Airlines will operate seven flights from Incheon to Qingdao, Zhengzhou, and Xiamen until Oct. 15 to allow South Koreans residing in China to travel back to China. The COVID-19 crisis brought...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects