Industry News

Industry News

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IBM buys Israeli data observability co Databand.ai for $150m

CorporatesIsrael

PMI: House building shrinks for first time since beginning of pandemic

UK

Netherlands is making work from home a legal right

Europe

Shell to build Europe’s largest hydrogen plant

Europe

Pound still at lowest level since start of pandemic amid government chaos

UK

Russia’s war helps Qatar boost its influence over global energy flows

Russia/CISMENA/GCC

Euro hits weakest level in 20 years as fears intensify over economic outlook

Europe

Vauld, crypto lender backed by Peter Thiel and Coinbase, freezes withdrawals

Investment BankingAsiaSingapore

AGIC Capital completes Eulitha investment

Investment BankingPrivate EquityEurope

Private equity firms eye banking hires to serve wealthy investors: ‘There’s a run on the bank for talent’

Investment BankingAsset ManagementUKLondon

UBS sublets London office ‘grey space’ as more staff work from home

UKLondon

TikTok abandons ecommerce expansion in Europe and US

EuropeUS

UAE launches fuel subsidy scheme for fishermen in latest government aid

MENA/GCC

Warren Buffett-backed Chinese group BYD overtakes Tesla in global electric vehicle sales

EquitiesAsia

Foreign investors dump record $33bn of Indian stocks since October

EquitiesIndia

Europe power prices hit new high in wake of Russian gas supply cuts

Europe

Mideast Stocks: Major Gulf bourses ease in early trade on fuel demand concerns

EquitiesMENA/GCC

US Stocks-Recession fears pull futures lower

EquitiesUS

China plans $75 billion infrastructure fund to revive economy

Asia

UAE residents tackle rising petrol prices as oil prices continue meteoric rise

MENA/GCC

Credit Suisse names new head of Swiss private banking

Private BankingManaging Director

EU eyes $47 billion in private capital to fund deep-tech start-ups

Europe

CureVac sues BioNTech over mRNA patents

Shell joins Qatar's LNG expansion mega-project

MENA/GCC