Global private equity firm KKR and Co. has launched a road infrastructure investment fund in India. Highways Infrastructure Trust is KKR’s third infrastructure investment trust in India, following India’s first renewable energy InvIT, Virescent Renewable Energy Trust and tran
Goldman Sachs Group Inc. expects the UK economy to slip into recession later this year, but risks a deep contraction amid rising energy costs. Britain’s gross domestic product is expected to fall by about 1% by mid-2023, Goldman said in a research note on Monday. Annual output next year
Investment management firm Invesco is launching a metaverse fund to support innovative companies in the emerging ecosystem. The move comes as the Atlanta, Georgia-based company is looking to “boost £1 trillion to the global economy” by supporting metaverse projects in the US, Asia and E
Apple is currently receiving rumors about its recent brand filings in search of a name for the company’s much-rumored wearable, AR headset. It’s an AR or VR experience, and there’s no word on it from the Cupertino company. However, the company is currently trying to&nbs
The Bank of Korea (BOK) should keep raising rates until inflation subsides, but the central bank is unlikely to stop tightening before the Fed, Governor Lee Chang-yong said Saturday. Lee also mentioned South Korea’s central bank would intervene to stabilize the won agai
Dutch supermarkets Albert Heijn and Jumbo, along with Coca-Cola and beverage supplier Vrumona, have agreed to stop using reinforced plastic handles for repackaged beverages. The decision is in line with the Dutch Plastics Treaty and is expected to save about 40,000 kg of plastic per year.
CoinSwitch CEO Ashish Singhal took to Twitter on August 27, 2022 to assure the public that his recent engagement with the Enforcement Administration was not related to money laundering. Singhal stated that the company has publicly discussed its business model and compliance measures and is “co
Binance and Mastercard, two of the world’s leading cryptocurrency and card payment service providers, have joined forces to scale blockchain technology. The new deal aims to bring cryptocurrency payments to the retail market. Mastercard and Binance Team Up to Facilitate Cryptocurrency Paymen
3M moved the main battle of the approved fight to court in an attempt to prevent about 230,000 private damages claims by US soldiers from proceeding to jury trials. US Chapter Rules Indiana-based Jeffrey Graham denied on Friday a motion by the conglomerate to supply the Navy with defective earplugs
Meta Platforms Inc. has settled a long-running legal battle alleging Facebook illegally shared user data with research firm Cambridge Analytica. The preliminary settlement, which was filed in court late Friday, follows last month’s revelations that Meta chief executive Mark Zuckerberg will be