Chennai Metro Rail Limited (CMRL) has secured a $431 million contract with Indian manufacturer BEML to supply 70 new three-car trains, a key development in the ongoing Phase 2 expansion of the city’s metro system. This order is part of CMRL’s efforts to enhance its metro fleet and improve the city’s public transportation network. Key […]
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Nippon Life Insurance Company, one of Japan’s leading insurers, is on the brink of finalizing a significant acquisition of Resolution Life Group Holdings, with the deal valued at an estimated $8.2 billion. This acquisition, if completed, would not only make it the largest transaction ever conducted by a Japanese insurer but also represents a strategic […]
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CBRE Investment Management (CBRE IM) has appointed George Crone as the Sustainability Lead for UK Direct Investments, underscoring its commitment to achieving net-zero emissions and enhancing the sustainability of its real estate portfolio. Crone, who has more than a decade of experience in sustainability, brings a wealth of expertise to the role, having previously worked […]
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After 25 years of negotiations, the European Union and the Mercosur bloc, which includes Brazil, Argentina, Uruguay, and Paraguay, have finalized one of the largest trade and investment agreements in history. However, while the deal marks a significant diplomatic achievement, it is far from assured that it will take effect, as it faces substantial opposition […]
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Pakistan’s private sector, a cornerstone of the nation’s economic growth, is facing significant challenges despite recent improvements in macroeconomic indicators. While some key metrics, such as capital market performance and commercial activity, show signs of recovery, businesses are struggling to regain their footing amid ongoing political volatility and economic pressures. The easing of import restrictions […]
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The promise of the internet—at least in the early days—was that it would lower the barriers to entry for any number of careers. Traditionally, the spheres of novel writing, culture criticism, and journalism were populated by well-off straight white men, with anyone not meeting one of those criteria being an outlier. Add in giant corporations […]
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The European Institute of Innovation & Technology (EIT), a key player in Horizon Europe, has made significant strides in addressing the skills shortage in Europe. By fostering partnerships between business, academia, and research, EIT has developed a comprehensive suite of skilling programmes that have successfully trained over 880,000 learners. These initiatives are designed to equip […]
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The concept of a “duty of care” in business and governance refers to the obligation that leaders, organizations, and governments have to ensure the well-being, safety, and interests of their employees, customers, and the broader society. In both governance and business, this unspoken but vital principle calls for the responsible and ethical treatment of stakeholders. […]
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Equinor, the Norwegian energy giant, has officially concluded its nearly 31-year business presence in Nigeria, finalizing the sale of its oil assets on December 6, 2024. The divestment, valued at up to $1.2 billion, includes a $710 million purchase price, with the remainder contingent on future performance payments. Philippe Mathieu, Equinor’s Executive Vice President for […]
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Ahead of the Welsh Government’s budget announcement today 10/12/2024, retailers in Wales are calling for a pro-business approach to address the financial challenges currently impacting the sector. Industry leaders are urging Ministers to focus on supporting economic growth, avoiding unnecessary burdens on businesses, and fostering an environment conducive to retail success. Trudy Davies, owner of […]
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