Volkswagen Reveals $5 Billion Investment, Partnership with EV Maker Rivian

German automaker Volkswagen announced that it would invest $5 billion in US-based electric vehicle maker Rivian as part of a joint venture to share EV architecture and software.

Taylor Swift-Approved Bag Brand Aupen Receives Investment Interest From Major Fashion Conglomerates

Celebrated Singapore-based bag brand Aupen, endorsed by celebrities like Taylor Swift, attracts investor interest from major European fashion conglomerates, H&M Group and Prada Group...

Hong Kong Investors Win $2.5 Million Case Against Company That Promised to Repurchase Luxury Watches

WatchFund, led by Dominic Khoo, has been ordered by a Hong Kong court to repurchase luxury watches worth $2.5 million following breaches of contract with five investors...

Alphabet’s Isomorphic Labs Partners With Eli Lilly, Novartis to Accelerate AI-Driven Drug Discovery

Isomorphic Labs, a subsidiary of Alphabet Inc., is set to accelerate AI-driven drug discovery after it entered into strategic research collaboration agreements with Novartis AG and Eli Lilly & Co...

Latest News

Carlyle buys a minority stake of 28pct in India's Global Health for INR960 crore
Private equity firm Carlyle Group has acquired a minority stake of 28% in Indian super-specialty hospital chain Global Health for INR960 crore. Carlyle as of September this year had invested $1.1 bill
Daimler to get 5pct stake in Aston Martin for supplying engines and electronic components
German carmaker Daimler will take a 5% stake in British luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the latter. The partnership will develop a ne
Billionaire Cheng's firm to acquire stake in Beijing airport
NWS Holdings Ltd, owned by Hong Kong tycoon Cheng Yu-tung, entered an agreement to purchase a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte.
Hungary to buy minority stake in Budapest gas supplier
Hungary-based state-owned utility MVM Zrt announced on Tuesday its plan to purchase a minority stake in natural gas supplier Fogaz Zrt in a deal valued at HUF41 billion ($187.4 million).
Google partners to develop $82M San Jose airport
Google Inc. is looking to develop an $82 million corporate aviation facility in San Jose to service its private jets. Google is partnering with private aviation firm Signature Flight Support and priva
3M reveals plans for up to $22B in five years, set to raise dividends
A Reuters report said 3M Co revealed its plans to purchase its shares back worth up to $22 billion, making it the biggest so far in terms of percentage among US companies who have announced similar pl
Russia extends $15B bailout package to Ukraine
The state of Russia under President Vladimir Putin agreed to acquire $15 billion worth of Ukrainian Eurobonds to help the beleaguered country of Ukraine out of a potential currency crisis, according t
Tesco to invest $110 million in Indian joint venture with Tata Group
British retailer Tesco said it had applied with India's Foreign Investment Promotion Board to acquire a 50% stake in a joint venture with Tata Group. Tesco intends to invest $110 million in the partne
Statoil invests in Azerbaijan gas field, sells project stake
Norway-based oil company Statoil ASA (STO) said on Tuesday it has decided to invest in the Shah Deniz gas field development in Azerbaijan, together with its consortium partners.
ITOCHU invests in Hong Kong's ASF Limited
Tokyo, Japan-based firms ITOCHU Corp and ITOCHU Textile Prominent Ltd have finalized a deal with Fenix Group Holdings Ltd to invest in ASF Limited, an intermediate holding firm under the sponsorship o
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