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Xerox Expands IT Services With $400 Million Acquisition Of ITsavvy
In a major step geared towards growing its IT services portfolio, Xerox Holdings Corp has signed a $400, 000, 000 deal to acquire ITsavvy; an IT services provider based in Oak Brook. This proposed acquisition expected to be completed by the year end demonstrates another key feature of Xerox progression to achieving the business’s strategic […]
Trump Defends Tariff Plans In Chicago Economic Club Interview
President Trump yelled for quite an Instagram captions about his rather robust vision of the economy where he proposed massive tariff on imports in a heated interview on Tuesday at the Economic Club of Chicago. Co-organized by Bloomberg News, the event put Trump on the hot seat, asking him about possible outcomes of his economic […]
Spanish Insurer MAPFRE Completes Mexican Acquisition
This is a major operation that consolidates MAPFRE’s strategy in terms of a leadership position in the Latin American insurance sector as the Spanish insurance company has recently successfully closed the acquisition of Insignia Life, an important Mexican life insurance provider. The acquisition that was closed on 17th of October 2024 represents a great achievement […]
Madrid Restaurant Week Extends Due To High Demand
Fortunately, the lovers of food in Madrid excitedly want the continuation of their biggest event, Madrid’s Restaurant Week, which has been continued up to October 25, 2024. The decision is timed within the framework of increasing interest in the event, never before observed among residents of South Korea and tourists. Following the decision made today […]
German Companies Adapt with Strategic Moves Amid Economic Challenges
Just when Germany came to terms with a second consecutive year of economic decline, the positioning game began among German companies. IT companies, automakers, banks, textiles, and RETs – each organization has to tailor its strategic approach to deal with a toughening economic climate and prepare for better days ahead. In a major development, German […]
German Economy Faces Second Year Of Contraction
Germany has recently downgraded its economic expectations for next year to reflect a shrinkage of 0.2% as opposed to the earlier estimates of a 0.3% increase. This is the second straight year of economic contraction for the euro zone’s biggest economy after it contracted by 0.3 percent in 2023. According to the announcement made by […]
Spain Advocates Open Dialogue With China Amid EU Tariff Debate
As shown in the recent move and shift in the international relations in the trade relations, Spain’s economy minister Carlos Cuerpo has advocated for continued engagement with China but at same time the EU is planning on imposing hefty tariffs on electric vehicles. Cuerpo speaking on October 10, 2024 said that it is crucial for […]
Spain Increases UNDP Funding For Sustainable Development
ES Spain has boosted its cooperation with the United Nations Development Programme (UNDP) in line with global sustainable development as Spain has pledged EUR 5 million (USD 5.5 million) in core funding for 2024. Increased funding of 82 % from 68 million EUR supported by Spain in 2023 signifies the country’s commitment and continued support […]
Indonesian Textile Industry Faces Challenges As Layoffs Surge
Indonesia’s once vibrant textile industry which has been a mainstay of the nation’s manufacturing base for many years, has lately been struggling as latest statistics show high levels of redundancy. The Department of Manpower states that the total number of workers laid off during the course of January to August 2024 as 46,240, showing an […]
Indonesia Breaks Ground On First Foreign Investment In New Capital Nusantara
In a historic moment for Indonesia’s Nusantara development plan, the president, Jokowi, tendered the first foreign direct investment in the new capital. The construction was officially launched on Wednesday in a ceremony involving a landmark project that is being funded by a Chinese property company. This event is a landmark in the way that Indonesia […]