On 3rd December, it was reported that the US Federal Trade Comission (FTC) is suing to block the acquisition of British chip technology provider, Arm, by the U. When the deal was announced in September 2020, it was obvious that the deal would have to go through serious global regulatory challenges. The proposed vertical deal would give one of the largest chip companies control over the computing technology and designs that rival firms rely on to develop their own competing chips. Before Nvidia offered USD 40 million for the acquisition of Arm, Soft Bank – the parent company of Arm, had plans of filing an intitial public offering (IPO) for Arm. 46 billion in 6-months ended in September; however, it is not clear if Arm would raise anything close to USD 40 billion offered by Nvidia for the acquisition of the company.

A pre-eminent investor Bill Ackman has stated that the new omicron variant of COVID-19 virus may end-up providing a boost to the U. Being the founder and CEO to the Pershing Square Capital Management, he further stated that it could be a bullish run for the equity market and bearish run for the bond market. It was first detected in South Africa, the new variant has now spread across a dozen more countries, causing restrictions for people to travel from southern Africa. The COVID-19 symptoms for the omicron variant could be described as “extremely mild” by one of the South African doctor who raised the alarm for the strain. Still, the WHO stated that the newer studies may take weeks for actually comprehending how the variant works and affects diagnostics, and vaccines.

On 22nd November, it was announced by Refining NZ that its Marsden Point oil refinery will become an import only terminal starting April 2022, after company secured a long-term supply agreements with its key customers. The company announced that its board signed off on its transition to a business that will instead help distribute pre-refined fuels imported from overseas. The transition of the company to an import only terminal will result in lose of 240 jobs out of company’s 310 jobs at the site. The closure of the refinery became increasingly apparent, when since Refinging NZ announced a review of its refinery operations in April 2020, that the refinery was destined for closure. The company statement also read that the fees for fuel storage would generate an annual revenue of around USD 95 million.

According to Stahl, LCA is a methodology that measures the impact of any product on the environment over the course of its life. The certification of LCA data generation systems is a foundational step to ensuring the accuracy and reliability of future LCA analyses. This EPD system certification is an important achievement, and a key step in realizing this goal. Looking ahead, we’ll continue to work with our partners to enable our certified LCA data availability and shape a better industry. ”Federico Brugnoli, CEO of Spin 360, said, “We are very proud to have supported this complex process that will ensure the complete reliability of Stahl’s LCA data.

On 4th December, Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF) and the National Champion of Military Industries Localization, announced that it has signed an agreement with Airbus to form a joint venture on military aviation services and maintenance, repair, and overhaul (MRO) capabilities. Walid Abukhaled, CEO of SAMI, and Bruno Even, Member of the Airbus Group Executive Committee signed the agreement for the formation of the joint venture. Walid Abukhaled commented on the agreement and said, “We are pleased to partner with Airbus for the launch of this joint venture. ”The joint venture will be headquartered in Riyad with some presence at the Prince Sultan Air Base in Al-Kharj and is expected to be operational by the first quarter of 2022. We look forward to working together to enhance local capabilities and develop a robust and sustainable aviation MRO ecosystem.

A pre-eminent investor Bill Ackman has stated that the new omicron variant of COVID-19 virus may end-up providing a boost to the U. If it turns out to be true, then it may provide a bullish run and not a bearish rally for the markets across the world. Being the founder and CEO to the Pershing Square Capital Management, he further stated that it could be a bullish run for the equity market and bearish run for the bond market. The COVID-19 symptoms for the omicron variant could be described as “extremely mild” by one of the South African doctor who raised the alarm for the strain. Still, the WHO stated that the newer studies may take weeks for actually comprehending how the variant works and affects diagnostics, and vaccines.

Some of the most anticipated tech IPOs for 2021 comprising Rivian, Roblox and Affirm plummeted across the market on Monday, which was followed by a decline of about 1% in the tech-heavy Nasdaq. In contrast to this, the S&P 500 registered a slight decline sliding into the negative zone. The Dow Jones Industrial Average portrayed stronger trades and registered a positive sign, an indication that investors have started to rotate out of the technology industry. Roblox, benefitted from the growing interest in the Metaverse closing below its mark for the day by 11%. Its stock registered a drop of about 8% as the investors have been making profits.

Raghuram Rajan, Former Central Bank of India Governor showcased the tightrope that the policymakers may have to continue with monetary stimulus, issuing a warning that one falsified move may end up providing a global wealth shock, scaring consumers. With the standard of living soaring ever further across various regions in the world, central banks are expected to usually roll back their bond purchases and increase the rates to decrease inflation. The Federal Reserve have initiated steps to normalize their policy after the economic crisis risen due to coronavirus pandemic. Additionally adding that central banks are required to act cautiously, however, warned against policymakers that had poured no effort at all. The longer the central banks wait for normalizing their policies, the more is provided to feed on itself and one belief is indicating that central banks aren’t expected to move, causing the rates to stay low for good.

The stock market investors across the United States have now absorbed some facts about the market over the past week, that it’s tedious to time your next move in the Dow Jones Industrial Average amid a substantial selloff. Buyers have started taking steps now after witnessing a huge tank in the market of about 900-points past Nov. Even after a week where Fed Chair Powell surprised the market by his timing for tapering may accelerate and inflation may no longer be stated as transitory. According to some market experts like Keith Lerner, the stocks across the U. It implies that the near future is getting more vulnerable to move down than move up.

On 30th November, Colombia's financial regulator announced that the Colombian, Chilean and Peruvian stock exchanges have approved a merger into a regional holding company. The Chilean stock exchange will control 40% of the holding company in exchange for the 100% shares of the Santiago Stock Exchange (BCS), Colombian stock exchange will take ownership of another 40% for 100% shares of the Colombian Stock Exchange (BVL) and the rest 20% will be held by Peruvian stock exchange for 100% shares of the Lima Stock Exchange (Grupo BVL). Juan Pablo Cordoba, head of Colombia's stock exchange, said in a video, “The boards of the three countries have today approved this integration, so we are giving our all for this great achievement. ”The joint statement also announced that the integration of the stock exchanges will be based on the average valuation of each stock exchange. The Chilean stock exchange is valued at USD 259 million, Colombian stock exchange at USD 248 million, and Peruvian stock exchange at USD 138 million.

The developer had announced suspension of trading after missing a payment for the wealth management product this month. The developer also stated that the company has been undergoing negotiations for repayment of the remaining USD 57.  Among various other Chinese developers, Kaisa happens to be the second-largest issuer for the U. Evergrande, that has become the world’s largest real estate developer being indebted, garners the first rank.  Consistent stringent governmental policies, numerous loan events and diminishing interest of consumers have resulted in shutting-down pathways of refinancing the venues for the companies in the real estate sector temporarily.

The COP26 president stated past Sunday that India and China owe an explanation on why did the two countries insisted on a crucial passage of the U. It resulted in a change in language for fossil fuels; the pact now is in regard of “phasing down” of coal, instead of “phasing out” of coal, which was originally proposed. Over the past few weeks there were certain countries not wanting to have coal in this compact. However, it is the first time that the country has received a language about coal across a COP decision, which is absolutely historic. After taking over the COP presidency with the team, Sharma stated very clearly that he wanted to try and consign coal power for history.

The stay-at-home stocks that received the most benefits from COVID-19 and the unintended lockdowns, such as Etsy, Zoom, DocuSign and DoorDash registered their worst performances this week. It’s seems to be on the opposite track that expected as the new COVID-19 variant omicron has resurfaced, which happens to be in the “very high global risk” category as stated by the WHO. The tech sector absorbed a plentitude of pain trading in the market this week. to end the week along with rising concerns over omicron variant have led to this downturn. all registered gains for the week, as investors have started seeking cover for the volatility in the market by switching from riskier stocks to cash-generating companies.

The Federal Reserve Chair Jerome Powell stated on Tuesday that the central bank may end up stepping to remove its efforts in boosting the economy as it starts battling rising inflationary pressures. In his appearance before a committee, the Fed chair stated that reducing the momentum of purchasing monthly bonds may move much more rapidly than the USD 15 billion-a-month schedule which was announced this month. Powell stated that he is expecting the issues to be surfaced in the meeting to be held in December. The initial tapering schedule had June in its plans tapering the bond purchases; if the committee ends up choosing acceleration, then that turn the tapering schedule much closer to that in the spring, providing the Fed much more freedom for raising the interest rates anytime thereafter. The statements led to some nervousness in the market and stocks plummeted, while government bond yields registering a rise.

Biotech Acquisition Company, a publically traded special purpose acquisition company affiliated with SPRIM Global Investments, and Blade Therapeutics announced that they have entered a definitive merger agreement. , chairman and CEO of Biotech Acquisition Company, co-founder and managing partner of SPRIM Global Investments, and a board nominee of the combined company, said, “Biotech Acquisition Company and SPRIM have leveraged deep biopharmaceutical expertise to bring an important biotechnology opportunity to investors. , president and CEO of Blade and a board nominee of the combined company, said, "We view Blade's science as world-class, with a clinical-stage pipeline targeting diseases that remain undertreated. The combined company will be led by Wendye Robbins, M. Mark Timney, Blade's current chairman of the board, will be nominated as chairman of the combined company's board of directors.

On 12th November, it was reported that Dow Chemicals has partnered with Meijer to enable a new plastic recycling technology for creating a more durable parking lot for the retailer’s Holland, Michigan, supercenter, by using recycled plastic bags. The project is expected to use approximately 12,500 pounds of post-consumer recycled plastic (PCR), which is the equivalent weight of 944,000 plastic grocery bags. ”All the recycled plastic used in the project was deposited by Meijer customers through the retailer's in-store plastic film recycling program.  This year, Meijer said the company expects to recycle 6 million pounds of plastics through this program. All these projects have estimated to use approximately 14,000 pounds or more than 1 million recycled plastic bags.