McDonald’s leaves Russia for good, cites risky operating environment
After more than 30 years of operation in the country McDonald’s, the first US fast-food restaurant to open in the...
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Trending in World
Africa
Lloyd’s opens new Morocco office in Casablanca Financial City
Lloyd’s of London, the world’s oldest insurance market, is expanding its African footprint with a new office in Casablanca, Morocco....
Fairfax acquires Zurich’s South Africa and Botswana insurance operations
Fairfax Financial Holdings recently announced that it has entered into an agreement with Zurich Insurance Company to acquire 100% of...
Silicosis class action lawsuit – Claimants win first round
In the first round of a class action lawsuit, which has garnered a lot of international publicity, silicosis claimants had...
Asia & Pacific
Toshiba initiates talks with 10 potential buyout investors
Toshiba, Japanese industrial conglomerate, is holding discussions with potential investors after receiving interests from 10 strategic partners and sponsors. In...
Bowtie raises $30m after securing Hong Kong’s first online-only insurer license
Hong Kong-based digital insurance start-up Bowtie has raised $30 million in its Series A funding round, led by Canadian insurance...
Greed-driven misconduct exposes Australia’s banking sector
Australia’s banking sector shocked the world with blatant misconduct which highlighted selfish means for short-term financial gain. The intervention by...
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Europe
McDonald’s leaves Russia for good, cites risky operating environment
After more than 30 years of operation in the country McDonald’s, the first US fast-food restaurant to open in the...
Deutsche Bank HQ searched over suspicious money laundering investigation
Officers from the financial regulator BaFin, the federal police, and the Frankfurt public prosecutor’s office launched a raid on the...
French reinsurer SCOR sues Covea over ditched takeover bid
Paris-based reinsurer SCOR is taking legal actions against French peer Covea, after the latter issued a press release stating it...
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Middle East
Dubai-based Yallacompare raises $8m for MENA expansion
Dubai-based financial comparison platform Yallacompare has raised $8 million in its latest round of funding, led by venture capital firm...
Iran considering Insurance-Linked Securities market for reinsurance
Iran is considering the development of new financial products, including insurance-linked securities and Islamic bonds, to alleviate the US sanctions...
Turkey’s debt rating hit on concerns over hard landing risks
Turkey’s recent debt rating cuts are stoking fears of the potential for a hard landing due to a depreciating lira,...
Latin America
Five risks from Brazil’s newly-elected president Jair Bolsonaro
Brazil’s newly elected President Jair Bolsonaro is proposing radical policies that could destabilize his nation and South America. Observers fear...
Venezuela defying the odds with new cryptocurrency, El Petro
Nicolas Maduro has advised government workers to invest in the newly created cryptocurrency, El Petro. The Venezuela president made the...
Rising US Dollar puts Latin American economies at risk
The rising US dollar is increasing the risk of a serious global economic crisis. The dollar’s rise has triggered economic...
Spirit Airlines board rejects JetBlue takeover bid on antitrust risks
Spirit Airlines rejected a $3.6 billion takeover bid from rival JetBlue Airways and said it would merge with budget carrier...
Businesses face tougher new biometric privacy laws
Biometric privacy and tougher biometric privacy laws are a serious risk to American businesses. Unfortunately, biometric privacy risks are obscure...
American health insurers scared of single-payer health insurance
American insurers are afraid Democrats will impose government run single-payer health insurance. In fact, single-payer is the basis of a...
