The conversion deal will see Noku Maldives, Vignette Collection, a 50&key private villa resort on the idyllic island of Kudafunafaru, join IHG’s Luxury & Lifestyle portfolio in December 2024 after refurbishment under the Vignette Collection brand.
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Commerzbank shares surge after UniCredit's latest stake acquisition
The Italian banking group announces it has successfully acquired a 9% stake in Germany's second-largest bank, Commerzbank. The deal marks the first step of the German government towards reducing its holdings in the bank. Shares of Commerzbank, Germany's second-largest bank, surged 17% following news that the Italian lender UniCredit had acquired a 9% stake in the bank on Wednesday. The … [Read More...]
Zelenskyy calls for maximum support for Ukraine at Crimea summit
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Pope asks for dignified pay and better conditions of migrant workers in Singapore
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China extends visa-free entry to Norway along with 12 other European countries
The first Scandinavian country to benefit from China's visa-free scheme, which aims to boost tourism, has been added to the list. Norway is the latest country to gain visa-free access to China.In June, Poland, Australia and New Zealand were also granted unrestricted entry to the country until the end of 2025.Since the start of 2024, the scheme has been announced in stages, with 11 other … [Read More...]
Spotlight shifts to ECB as US CPI weakens case for Fed jumbo rate cut
European markets may be bracing for a hawkish rate cut from the European Central Bank, following higher-than-expected US inflation data, which dampened hopes for a significant rate reduction by the Federal Reserve. European stock markets displayed mixed movements following the release of US inflation data on Wednesday, as investors reassessed the Federal Reserve's (Fed) next interest rate … [Read More...]