Category: Finance

ZIM Expands Partnership with 40Seas to Offer Flexible Digital Financing Solutions to its Customer Base

Published: Jun. 21, 2023 at 7:00 AM CDT|Updated: 2 hours ago

HAIFA, Israel, June 21, 2023 /PRNewswire/ — ZIM Integrated Shipping Services Ltd (NYSE: ZIM) announced today the expansion of its partnership with a cross-border trade financing platform 40Seasintegrating the 40Seas’ flexible digital financing solution via ZIM’s website as well as Ship4wd‘sZIM’s award-winning digital freight forwarding subsidiary.

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The expanded collaboration demonstrates ZIM’s commitment to transforming traditional shipping practices into the digital era and enhancing customers’ choices by providing them with a seamless digital experience to allow them faster and cheaper access to

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A new super-regulator takes aim at rampant corruption in Chinese finance

Hardly a day passes without someone in Chinese finance “falling off his horse”, or coming under a corruption investigation. State media warned on June 5th that the banking industry is infested with “moths”—mid-level managers who slowly ingest lenders’ resources from the inside out. “Internal ghosts”, executives who use insider connections to pilfer billions from banks, often pose a greater danger. There are “nest cases”, where clusters of fraud spanning several banks are discovered at once, and “skewer cases”, in which the arrest of one banker leads to another, then another. After a recent spate of scandals an official newspaper

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Canada finance minister: Stellantis investment ‘is coming’

OTTAWA, June 14 (Reuters) – Canada, which has been renegotiating its support for a Stellantis-LGES (STLAM.MI), (373220.KS) electric vehicle battery plant, is confident that the investment is good for the country and “is coming,” Finance Minister Chrystia Freeland said on Wednesday, hinting that a new deal may have been reached.

“We’re very confident in the value of the Stellantis investment which is coming,” Freeland told reporters in Ottawa, without elaborating.

Stellantis last month stopped construction at a C$5 billion ($3.8 billion) electric-vehicle battery plant in Ontario, which is being built in partnership with South Korea’s LG Energy Solution (LGES), saying

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French Government Aims to Save $11 Billion to Cut Budget Gap

(Bloomberg) — The French government said it has identified at least €10 billion ($10.9 billion) of savings as part of efforts to restore public finances after years of increased spending during the Covid pandemic and energy crisis.

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It is targeting a budget deficit of 4.9% of gross domestic product this year, dropping to 4.4% next year and falling below 3%, the limit set under European Union rules, by the end of Emmanuel Macron’s second term as president in 2027.

The first step would be to withdraw energy support for businesses and households. The shield for gas

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Canadian home sales continue to pick up steam in May

OTTAWA, ON, June 15, 2023 /CNW/ – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023.

Monthly home sales (CNW Group/Canadian Real Estate Association)

Monthly home sales (CNW Group/Canadian Real Estate Association)

Highlights:

  • National home sales rose 5.1% month-over-month in May.

  • Actual (not seasonally adjusted) monthly activity came in 1.4% above May 2022.

  • The number of newly listed properties rose 6.8% month-over-month but is still historically low.

  • The MLS® Home Price Index (HPI) rose 2.1% month-over-month but was still down 8.6% year-over-year.

  • The actual (not seasonally adjusted) national average sale

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Coho Collective Kitchens Inc. Announces Offering of Units for Gross Proceeds of up to $6,000,000

Vancouver, British Columbia–(Newsfile Corp. – June 15, 2023) – Coho Collective Kitchens Inc. (TSXV: COHO) (“Coho“or the”Company“), a commercial real estate and food technology company that provides private and shared kitchen and food production space to a variety of businesses, is excited to announce a brokered private placement of up to 27,272,727 units of the Company (the “Units“) at a price of $0.22 per Unit (the “Issue Price“), for aggregate gross proceeds of up to $6,000,000 (the “Offers“).

Each Unit will be composed of one (1) common share in the

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Saudi Arabia Embedded Finance Business and Investment Opportunities Databook 2023: A Detailed Data Centric Analysis of Market Opportunities Across 50+ Segments

DUBLIN, June 16, 2023 /PRNewswire/ — The “Saudi Arabia Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2023 Update” report has been added to ResearchAndMarkets.com’s offers.

Embedded Finance industry in the Saudi Arabia is expected to grow by 38.7% on an annual basis to reach US$4,053.1 million in 2023.

The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 27.2% during 2023-2029. The embedded finance revenues in the country will increase from US$4,053.1 million in 2023 to achieve US$12,372.5 million

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Return to office policy risks the future of the federal public service

PIPSC’s survey says a significant number of public service professionals are considering leaving their roles

OTTAWA, ON, June 15, 2023 /CNW/ – More than one-third of public service professionals are so unhappy with the government’s one-size-fits-all return to office order that they are considering leaving their roles. For workers under 30 – the most demographic concerned with the cost of living, child care and the environment – ​​that number jumps to almost 50%.

“When nearly one in five members of the federal public service is over the age of 55, approaching retirement age, we cannot afford to lose half

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