Gorillas on the hunt for fresh $500m funding injection March 27, 2022 Rapid grocery delivery firm Gorillas is looking for a fresh $500m funding injection to fuel its growth as investor cash continues to pour into the sector.
Business of Space: Can the relationship with Roscosmos ever be repaired? March 25, 2022 This week: Isotropic Systems on track for first commercial launches Space cooperation between Russia and Europe “destroyed” OneWeb goes on deal-making spree Isotropic Systems Satellite firm Isotropic Systems is on track for its first commercial launches this year, following the final successful round of testing its multi-link satellite tech. The ground terminal provider has developed technology which [...]
What impact is “greenflation” having on commodities? March 24, 2022 Under-investment in the supply of commodities across energy, metals and agriculture, as a result of policies to mitigate climate change, is limiting supply growth and driving prices higher. Commodities outperformed bonds and equities for the first time in almost a decade in 2021. Even before the Russian invasion of Ukraine, these trends looked set to [...]
Hong Kong to soon ‘open up to world’ just as Singapore eases its own restrictions March 24, 2022 Hong Kong is looking likely to “open up to the rest of the world” once its latest Covid-19 wave fades, before the lights of Singapore grow too tempting for corporate expats. Hong Kong leader Carrie Lam said she is “very optimistic” the financial hub will soon pull off pandemic restrictions which have blanketed the city [...]
What’s behind market volatility in China? March 23, 2022 It’s been a rollercoaster week for Chinese stock markets. We explain why and get the views of Schroders’ experts Robin Parbrook, Maggie Zheng and David Rees. In the last week, equity markets in mainland China and Hong Kong Special Administrative Region have experienced a rout, and a subsequent rally in the past two days. At [...]
Oil rally stalls as EU remains split on sanctions March 22, 2022 Oil prices stumbled today as the prospect of an EU embargo on Russian oil faded - while the dollar also strengthened in the US.
London fintech Jeeves gets Tencent backing in $180m funding round March 22, 2022 London corporate card fintech Jeeves has won the backing of Chinese tech giant Tencent in a fresh $180m funding round announced today.
China and Dubai cash in on roomier Russian market amid Western boycott March 22, 2022 As the West bail out of Russia over its invasion of neighbouring Ukraine, China and Dubai are seemingly cashing in on the roomier market. China’s top envoy in Moscow has urged Chinese business leaders to “fill the void” in the Russian market, Bloomberg first reported, after a growing tally of businesses and government’s have boycott [...]
Not a single soul survived plane crash of China Eastern Boeing 737, Chinese state TV reports March 22, 2022 No survivors have been found in the wreckage of a plane that crashed yesterday with 132 people on board, China’s state broadcaster reports this morning. The China Eastern plane which crashed in a forested and mountainous area on Monday was the country’s worst air disaster in a decade. The Boeing 737-800 crashed near the city [...]
Ericsson chair starts ISIS probe but backs backs Borje Ekholm as CEO March 21, 2022 Ericsson chairman Ronnie Leten said this morning that a comprehensive review is underway following the company's conduct relating to Iraq and how it was handled internally.