Japan: Carlyle Group to invest over 9.4 billion Dollars
eTOKYO – U.S. private-equity firm Carlyle Group plans to pour more than $9.4 billion into Japanese businesses over the next three to five years, anticipating new opportunities arising from the coronavirus pandemic. “Momentum toward reform at Japanese companies is picking … Continue reading Japan: Carlyle Group to invest over 9.4 billion Dollars
Germany promotes Battery Production with Subsidies
Berlin – The German government is investing more than EUR 1.5 billion in battery cell research and production – a key element in the country’s planned transition to clean energy and mobility. Major players in the industry are lining up … Continue reading Germany promotes Battery Production with Subsidies
Retailers prepare for post-coronavirus recovery
New York – As the coronavirus pandemic disrupts the lives and livelihood of millions, retailers are working to understand what changes will be needed once the outbreak subsides and stores can reopen. A new survey of 98 US-based retail executives in … Continue reading Retailers prepare for post-coronavirus recovery
Coronavirus: IMF predicts deep recession
Washington D.C. – The International Monetary Fund (IMF) predicted that the “Great Lockdown” recession would be the steepest in almost a century as the number of confirmed coronavirus cases neared the 2 million mark on Tuesday. A tally from the US-based … Continue reading Coronavirus: IMF predicts deep recession
China: March loans surge to 2.85 trillion Yuan
BEIJING – New bank lending in China rose sharply to 2.85 trillion yuan ($405 billion) in March, with total social financing hitting a record, as the central bank pumped in more liquidity and cut funding costs to support the coronavirus-ravaged … Continue reading China: March loans surge to 2.85 trillion Yuan