Teresa Ribera, formerly Spain’s deputy prime minister, has been named the European Union’s “competitiveness minister,” putting her in charge of pumping up mergers and acquisitions, while also pushing the region’s green transition and overall economic competitiveness.
Seventy-nine percent of CEOs told KPMG’s 2024 CEO Outlook Survey that remote work will largely be over within two years.
Danish logistics provider DSV will pay $12 billion to acquire DB Schenker, which is the air, road, and sea freight services and logistics supply chain division of Germany’s Deutsche Bahn railroad.
By a range of measures, China’s economy continued to lose momentum in August, leading one analyst to call for a “bazooka” stimulus to the economy if the country is to reach its 5-percent growth goal this year.
Blackstone is buying AirTrunk, the largest operator of data centers in the Asia-Pacific region, for $16.1 billion, the private equity firm’s largest investment ever in the region.
China’s economy will fail to meet Beijing’s 5-percent growth target this year, according to several investment banks that have now cut their forecasts for the world’s second-largest economy.
Buildings constructed for life sciences companies—decked out with labs, clean rooms, sensitive ventilation systems, and other custom details—were prime investments as the COVID War raged.
Volvo has abandoned its goal of making and selling only all-electric passenger vehicles (EVs) by 2030, the company announced last week.
The bank sector’s profits rose 11 percent in this year’s second quarter, compared to the first, the Federal Deposit Insurance Corp. (FDIC) reported. Profits totaled $71.5 billion across the survey’s 4.539 institutions.
The world’s central banks more than doubled their July purchases of gold to 37 tonnes as gold prices set new records during the month.