As OYO is very much threatened to become the next unicorn to pass into oblivion, after Uber and WeWork, SoftBank Vision Fund is starting to look like a bad streak, with all three of these companies and other startups like CloudMinds, Bird, or Lyft turning out to be pyres for its cash and contributed to dragging down SoftBank Group's profitability by a whopping 99 per cent in the last quarter. … [Read more...] about Indian hotel network OYO on red alert
Long term finance
Differences were "still too great to reach an agreement," German Chancellor Angela Merkel told reporters at the end of the two days of talks in Brussels. No date had yet been set for another summit to try again, but Merkel added that "we are going to have to return to the subject". The trillion-euro-plus budget, the multiannual financial framework, is meant to be operational from next year and run to the end of 2027. But the summit revealed stubborn differences between a handful of wealthy "frugal" states and a larger group wanting more money to meet both big European ambitions and to fill the 75-billion-euro shortfall left by Britain's exit from the EU last month. "Unfortunately we have observed it was not possible to reach an agreement, we observed we need more time," said European Council President Charles Michel, who had called the extraordinary summit and stewarded the talks. He said, however, he was right to make the effort: "As my grandmother said, to succeed you first have … [Read more...] about EU budget summit ends with no deal
Officials say China could start clinical trials for a coronavirus vaccine as early as late April. (Photo: AFP) Public and private researchers around the world have been working to develop treatments and vaccines to combat the COVID-19 virus that first emerged in central China in December. … [Read more...] about China says COVID-19 vaccine trials to start around late April
According to the first-instance trial’s verdict, the case related to the VSS’s illegal lending to the Agribank Financial Leasing Company No. 2 (ALC II). In late 2018, the ALC II went bankrupt and was unable to repay the debts. The VSS has yet to recover over 1.7 trillion VND (73.1 million USD) of the loans and their interest from the ALC II. … [Read more...] about Court reduces penalty for former Deputy Minister of Labour, Invalids and Social Affairs
In 2009, when the VN Index soared from 324 points to the year's peak of 630 points, the richest stock billionaire had total assets worth over VND9 trillion. But now, one needs to have much more to be listed among the top billionaires. KBC price hovers around VND14,950 per share. With 75 million KBC in hands, Tam now ranks 53rd on the list of top billionaires. … [Read more...] about How much is needed to be listed among the top stock billionaires in Vietnam?