Prominent investment bank JP Morgan has reportedly been rated low by a sustainability rating agency after the US bank was found to be investing in the failed breakaway attempt for European Super League (ESL).
It has been reported that six of England’s richest clubs, including Liverpool, Manchester United and Arsenal, were part of the 12 European teams that were supposed to gain a permanent membership of the new tournament. However, the project fell into a disarray after facing retaliation from the fans and the heads of government across t
Taiwanese multinational electronics company Foxconn has reportedly decided to scale down its planned investment of US$10 billion for a factory in Wisconsin. This project was highly supported by the former US president Donald Trump.
As a part of a deal with the state of Wisconsin, announced on Tuesday (April 20), the company will reportedly reduce its investment from US$10 billion to US$672 million and the number of new jobs from 13,000 to 1,454.
The company stated that the new deal provides it flexibility to seek business opportunities du
Amid the growing interest of the gaming and music industries in converging their businesses, Warner Music (WM) Asia has reportedly signed a deal with the renowned esports platform Esports Player League (ESPL). Under this exclusive deal, WM Asia will become the sole music partner of ESPL. On the other hand, ESPL will be able to embed WM songs into its platform.
This move apparently comes after the recent collaborations between the music and gaming businesses. For instance, Sony Group Corporation has reportedly announced to invest another $200 million into Fortnite developer E
NASA has reportedly announced the successful launch of a small helicopter called Ingenuity on Mars. It has been reported that Ingenuity was airborne for less than a minute. However, the American Space Agency is celebrating this first powered and controlled flight taken up by an aircraft to another world.
The successful launch was reportedly confirmed through a satellite at Mars that transferred the helicopter’s data back to Earth. For the record, the rotorcraft was carried to the Red Plant inside NASA’s Perseverance Rover that landed in Jezero Crater in February.
Singapore’s sovereign wealth fund GIC and Hong Kong-listed logistics real estate group ESR Cayman have reportedly signed an agreement deal to purchase a property portfolio in Australia for A$3.8 billion. According to the credible reports, the funds for the deal are being managed by Blackstone.
Sources have confirmed that after the clearance of merger approval in China and South Korea, the 20% ESR Cayman and 80% GIC owned entity, named Bidco will enter into unit sale agreements with Blackstone funds for acquiring the property portfolio.
France-based multinational insurance firm AXA S.A. has reportedly partnered with American tech giant Microsoft Corporation to develop an international digital healthcare platform.
According to reliable sources, the new platform will include a self-assessment tool as well as home care services such as medicine delivery, teleconsultations, and a medical concierge. This digital healthcare solution will also comprise a document vault to maintain records and a list of medical professionals.
It is worth noting that AXA S.A. specializes in offer
Grab, the leading company in the Southeast Asian ride-hailing sphere, has acquired a 4% stake, reportedly valued at over IDR 4 trillion (approximately S$366 million), in the Indonesia-based tech and media company, Elang Mahkota Teknologi (Emtek), in a private placement sale of shares. This move may be indicative of the potential merger of the two firms’ digital payment arms, DANA and OVO.
On the 5th of April, Emtek had announced an IDR 9.3 trillion private placement. South Korean company, Naver Corporation, and H Holdings Inc, an investment company, bought E
Multinational retail company Walmart has reportedly unveiled plans to convert majority of its hourly job roles in the U.S. to full-time positions by the end of financial year 2021. This move reportedly comes as part of the company’s efforts towards promoting job stability and retention of employees.
Outlining the plan, Drew Holler, senior vice president, People Operations at Walmart stated that two-thirds of the company’s hourly jobs will eventually become full-time with consistent weekly schedules.
The top executive fu
Large trial in the UK aimed at finding the possibility of mixing Covid vaccines with various types of jabs that are used for the first and second doses is reportedly being expanded. It is being speculated that combining vaccines can provide broad and long-lasting immunity against the virus and its new variants. It is also expected to offer higher flexibility for vaccine rollout.
Adults aged above 50 who had their first dosage of AstraZeneca or Pfizer vaccine can participate in the Com-Cov study voluntarily. Their second dosage could either be the same again or a shot of Nova
