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Grab Holdings has agreed to acquire foodpanda’s delivery business in Taiwan for $600 million in cash, marking the Singapore-based company’s first expansion outside Southeast Asia. The deal will extend Grab’s footprint to a ninth market, adding operations in 21 Taiwanese cities and access to a business that generated about......
European stock markets opened sharply lower on Monday, weighed down by surging oil prices and ongoing conflict in the Middle East, with no signs of de-escalation as the fourth week of tensions begins. At around 9:05 a.m. Paris time, major indices were down: Paris’s CAC 40 fell 1.44%, London’s FTSE 100 dropped 1.46%, Milan’s......
Oliver Blume, chief executive of Volkswagen, has suggested that German car manufacturers could benefit from adopting elements of China’s structured industrial planning as they navigate an increasingly competitive global market. In a recent interview, Blume highlighted China’s coordinated approach to industrial development, noting......
German chemical giant BASF is reinforcing its long-term commitment to China through its largest-ever investment project, aiming to expand its footprint in the world’s biggest chemicals market. The company is currently developing a major chemical complex in Zhanjiang, a project estimated to cost around €9 billion and expected to......
German authorities have dismantled a large-scale fraud network operating on the darknet, in a case that highlights the growing complexity of cybercrime and international cooperation. According to officials in Bavaria, the network used illegal and highly sensitive content as bait to deceive users into making payments for material that was......
Germany has announced a temporary easing of its arms export regulations to accelerate the delivery of defense equipment to several Gulf countries and Ukraine, reflecting growing security concerns in the region. Speaking in Berlin, Economy Minister Katherina Reiche stated that the move aims to respond to urgent defense needs, particularly......
Major European central banks kept interest rates unchanged on Thursday as rising energy prices linked to the conflict with Iran raised concerns about renewed inflation across the region. The European Central Bank held its deposit rate at 2 percent for the sixth consecutive meeting, while the Bank of England, the Swiss National Bank, and Sweden’s......
Saidia Mediterrania took part in the 2026 edition of ITB Berlin, held from March 3 to 5, with the aim of boosting its international visibility and attracting tourism professionals. Represented within the Moroccan pavilion, the destination showcased its diverse tourism offer, highlighting its seaside attractions, golf facilities, cultural......
Saidia Mediterrania used the ITB Berlin travel trade fair in early March to push for a stronger position in international tourism and to raise the profile of Morocco’s Oriental region among European industry professionals. The resort took part in the March 3 to 5 edition of ITB Berlin, one of the sector’s largest global gatherings,......
German automaker BMW is aiming to strengthen its position in China by launching its next-generation electric vehicle platform, known as “Neue Klasse,” as competition intensifies in the world’s largest car market. After a period marked by aggressive price reductions across the electric vehicle (EV) sector, market conditions......
European electricity markets are proving more resilient than expected to the Middle East energy crisis, as rapid expansion in wind and solar generation limits the impact of surging gas prices, according to a Bloomberg analysis. Gas prices in Europe have risen by more than 50 percent since late February, when the United States and Israel launched......
The European Commission has expressed concern over the imminent expiration of a voluntary system for detecting and reporting child sexual abuse images on online platforms and messaging services. Negotiations to extend the system temporarily have failed, raising fears of a legal gap that could hamper protection efforts. Currently, platforms......
Barclays and Morgan Stanley have upgraded their outlook on Finnish renewable fuels producer Neste, citing improved margins driven by rising fuel prices linked to geopolitical tensions involving Iran. Barclays raised its rating on the company to overweight and set a price target of €32, while Morgan Stanley increased its target to €28.50......
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