American investment giant JPMorgan Chase & Co announced on Thursday its intention to contribute up to $2.5 trillion over the next decade to companies and projects investing in climate change and social justice initiatives. During an official statement, the company declared that $1 trillion of this investment package would go...
Indian property development company Prestige Estates Projects Ltd. will be taking over a Mumbai housing project from the bankrupt Ariisto Developers Pvt. following a court decision on Tuesday. The Bangalore-based firm already plans to launch the first phase of the housing project by May this year, while the second...
The U.S. Department of Labor released its latest weekly report on jobless claims on Thursday, which revealed that over 770,000 Americans filed unemployment claims in the past week. This figure comes as a shock to analysts, particularly given the improving environmental conditions such as warmer weather and new social...
With inflation concerns and a cooling Asian market rocking economic conditions, the value of oil continues to decline, resulting in the longest losing streak in over a year. This comes as U.S. benchmark West Texas Intermediate endures its fifth straight day of losses.
The price of crude oil had decreased...
An array of European stock markets opened higher on Tuesday morning, despite the ongoing challenges faced by European Union member states in terms of their vaccine rollout campaigns. Following reports of blood clotting, several European nations including France, Germany, Italy, and Spain have suspended their rollout of the AstraZeneca...
In order to prevent the nation's economy from further harm caused by the ongoing COVID-19 pandemic, Greece's government intends to inject another 2.5 billion euros ($3 billion) into its already struggling economy. Currently, the Mediterranean nation finds itself coming to grips with an overwhelmed healthcare system while at the...
After 33 years of operational difficulties, American vaccine development company Novavax has finally received approval for its COVID-19 vaccine shot. According to testing results, the Novavax vaccine has efficacy rates that are of a similar level to the vaccines developed by Pfizer and BioNTech as well as Moderna.
As the...
Chinese electric vehicle manufacturer Li Auto (LI) reported an unexpected profit for Q4 of 2020 on Thursday, sending the auto manufacturing company's stock up by 1% to 28.98 in premarket trading. This movement is in stark contrast to the stock slump that Li was expected to incur.
While analysts expected...
Private equity firm CVC Capital Partners is currently exploring a bid for UK chemical manufacturer Synthomer Plc, according to reports. The Luxembourg-based CVC currently manages approximately $111 billion in secured commitments of private equity, credit, and growth funds across Asia and Europe.
According to insiders who asked to remain anonymous,...
In an effort to overcome the island's bankruptcy over the last four years, Puerto Rico reached a tentative deal with multiple bondholder groups to reduce the debts owed by the central government.
The new agreement would take into consideration the substantial damage that the island's economy incurred since the start...