Business

Saudi billionaire Alwaleed bin Talal rejects Elon Musk’s offer to buy Twitter for $41.39 billion

Saudi billionaire Alwaleed bin Talal rejects Elon Musk’s offer to buy Twitter for $41.39 billion

"I don't believe that the proposed offer by Elon Musk ($54.20) comes close to the intrinsic value of Twitter given its growth prospects," he said in a tweet on his personal account Saudi billionaire Prince Alwaleed bin Talal rejected Elon Musk's offer to buy Twitter for $41.39 billion. "I don't believe that the proposed offer…
PayPal eyes Japan acquisitions push to crack Asia market

PayPal eyes Japan acquisitions push to crack Asia market

Investment and 'open mind' key to successful expansion, CEO says After struggling for years to extend its reach in the Japanese domestic market and the rest of Asia, PayPal is charting a new growth strategy there focused on greater investments, tie-ups and acquisitions to tap surging demand for cashless payment services. The U.S.-based platform acquired Japanese "buy now,…
NPC deputy calls for green strategy in China's car manufacturing

NPC deputy calls for green strategy in China’s car manufacturing

A carbon accounting system for the auto manufacturing process, with clearly defined carbon reduction obligations for manufacturers of both spare parts and cars, needs to be established A carbon reduction strategy is yet to be worked out for the automobile industry in China as the country aims to have CO2 emissions peak by 2030 and…
FTP industrial and CNH industrial team up with “weworld onlus” in mozambique to boost resilience against climate change and support the community

FTP industrial and CNH industrial team up with “weworld onlus” in Mozambique to boost resilience against climate change and support the community

The partnership will build resilient communities and schools, as well as improve risk management in this vulnerable area frequently exposed to the hydro-meteorological effects of climate change FPT Industrial – the global powertrain brand of Iveco Group – and CNH Industrial (NYSE: CNHI / MI: CNHI) have joined the WeWorld charity organization in their effort…
Northvolt is building a battery factory in Borlänge

Northvolt is building a battery factory in Borlänge

Northvolt has signed a letter of intent with Stora Enso to acquire the previously closed facility Kvarnsveden It was in April 2021 that Stora Enso announced that Kvarnsveden’s paper mill would be closed. Now, almost a year later, it is clear that Northvolt is establishing one of its factories on the site. Northvolt, which manufactures lithium-ion batteries…
Lidl entra en Ecoembes para aportar su experiencia en economía circular

Lidl entra en Ecoembes para aportar su experiencia en economía circular

La cadena se incorpora al accionariado de la entidad gestora de envases domésticos como referente europeo en sostenibilidad Lidl entra en Ecoembes, entidad especializada en el reciclaje de envases domésticos. La cadena de supermercados se incorpora a la organización para aportar, al sector del gran consumo español, su experiencia internacional en la economía circular y…
IBPC launches ‘India-UAE bilateral trade and investment report’ at Dubai chamber of commerce

IBPC launches ‘India-UAE bilateral trade and investment report’ at Dubai chamber of commerce

UAE-India foreign direct investment flows between the two countries is valued at over $57 billion over the 2003-2021 period Dubai, UAE: The Indian Business and Professional Council, in cooperation with Dubai Chamber of Commerce, has launched the India-UAE Bilateral Trade and Investment Report, which examines the state of India-UAE trade and investment relations, as well…
Here’s what’s driving Latin America’s rank as the world’s fastest-growing region for venture funding

Here’s what’s driving Latin America’s rank as the world’s fastest-growing region for venture funding

In just the first two weeks of this year, Latin American startups pulled in over $450 million. For Latin American startups, 2021 was an extraordinary year on the funding front. Venture and technology growth investors poured an estimated $19.5 billion into the region, per Crunchbase data. That’s more than triple prior-year levels, which were themselves…
UK SMEs Resort to Crowdfunding to Grow Their Way Out of the Pandemic

UK SMEs Resort to Crowdfunding to Grow Their Way Out of the Pandemic

New research shows that crowdfunding is increasingly attractive to them to remain agile and growly quickly On behalf of Moore Barlow, specialist research agency Censuswide surveyed 250 UK adults. All of them hold a C-suite-level position, earn £200k or more a year, and have capital assets worth at least £2m. The survey asked respondents to answer…
E-Invoicing in China Gets Push with Advanced Version Piloted in Shanghai, Guangdong, and Inner Mongolia

E-Invoicing in China Gets Push with Advanced Version Piloted in Shanghai, Guangdong, and Inner Mongolia

This has been the latest move by the Chinese government to upgrade the digital infrastructure and bureaucratic process of tax collection and administration On November 31, 2021, tax authorities from Shanghai, Guangdong, and Inner Mongolia released respective announcements to implement pilot programs of fully digitalized invoicing (also known as e-fapiao in China) among selected taxpayers in Shanghai,…