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.
Tag: Economy
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SPOTLIGHT: CHINA’S ECONOMIC CRISIS
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.
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SPOTLIGHT: BIGS GETTING BIGGER
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.
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
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.
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TOP TREND 2023: OFFICE BUILDING BUST
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.
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TOP TREND 2024, EV GO FU: VOLVO DELAYS TRANSITION TO ALL-EV LINEUP
Volvo has abandoned its goal of making and selling only all-electric passenger vehicles (EVs) by 2030, the company announced last week.
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TOP TREND 2024, BANKS GO BUST: BANKS’ PROFITS RISE BUT SO DO POORLY PERFORMING LOANS
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.
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: CENTRAL BANKS STILL STOCKPILING GOLD, EVEN AT RECORD PRICES
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.
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SPOTLIGHT: BIGS GETTING BIGGER
The U.S. justice department has announced it will not oppose Alaska Airlines’ $1.9-billion takeover of Hawaiian Airlines on antitrust grounds.
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SPOTLIGHT: CHINA’S ECONOMIC CRISIS
Alibaba Group Holding, Kuaishou Technology, and other major Chinese consumer companies have failed to meet revenue targets, “upsetting expectations for a market recovery to take hold,” the Financial Times reported.