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Evergrande Pays Back Money to Equity Investors
China Evergrande Group has begun to repay some of its outstanding debt from buyers of investment products. Earlier, they protested for weeks against missed payments by the debt-plagued project developer.
A debt of 260 billion euros…
Electric Sister Brand Volvo Cars to New York Stock Exchange
Polestar, the electric sister brand of Swedish automaker Volvo Cars, will be listed on the New York Stock Exchange. In addition, a price tag on Polestar of 20 billion dollars.
Nasdaq's IPO on the technology exchange is via a merger…
Consumer Prices in Japan Up for the First Time in 13 Months
Japanese consumer prices rose for the first time in 13 months in August. This puts an end to the longest period of price declines in the country since 2011.
The price increase was mainly due to rising prices for hotels, certain…
Tesla Wants Higher Fines for Exceeding Maximum Consumption of Cars
Tesla wants US automakers to quickly pay higher fines if their vehicles use too much fuel. The maker of electric cars puts pressure on the US government to make rules relaxed by former President Donald Trump stricter again.
It…
China Will Not Build Coal Plants Abroad, Important Step in Fight Against Global Warming
China will not build coal plants abroad. President Xi announced in his speech to the United Nations General Assembly.
An important decision to reduce global CO2 emissions, although coal remains the primary source of energy in China…
UK Energy Companies Need Government Support
UK energy companies need government support. Smaller energy companies, in particular, are currently experiencing difficulties due to declining gas stocks and rising prices, which are weighing heavily on their financial results.
The…
Fertilizer Company Closes British Factories Due to High Gas Price
Fertilizer producer CF Industries is temporarily closing two factories in Great Britain due to the high gas price in Europe. After numerous warnings from companies, one of the first signals is that the high gas price could hinder economic…
Sky: Great Interest in Unilever Tea Branch
Unilever's tea division is attracting a lot of investor attention, reports the British news channel Sky. For example, Advent would like to bid 4 billion pounds together with the Singapore government fund GIC.
Investors Carlyle,…
Foreign Brands Under Fire in China, Also Criticism of Unilever
Foreign brands in China mislead and lie to customers. So say Chinese state media and several ruling party members after clothing company Canada Goose was fined for a false advertisement.
Unilever's Magnum ice creams are also part…
European Commission to Start Issuing Green Bonds in October
The European Commission will start issuing green bonds for the first time next month to finance EU Member States' corona recovery plans.
In total, the executive board of the European Union wants to raise €250 billion in the coming…