Week in Review: Dragon Year Greetings, Saudi Arabia and UAE Join BRICS Alliance, South Korea-Indonesia Bilateral Agreement Boosts Connectivity
Week of 5 Feb
đ Welcome to this week's edition of Business Beyond Borders, brought to you by Bluente, where we highlight the most important cross-border news every week
𧧠Happy Chinese New Year (in advance) đ§§
As we head into the year of the dragon in a couple of daysâ time, we have prepared a few greetings incorporating âéžâ which represents đ˛ the dragon. You can use these to wish your business partners well (See the full list here):
éžč žččˇ (lĂłng tĂŠng hÇ yuè) Â
Translation: Dragons soar and tigers leap.
Context: Wishing someone success and vitality.
éžĺ¤ĺ缼 (lĂłng fèng chĂŠng xiĂĄng)
Translation: Dragons and phoenixes bring auspiciousness.
Context: Wishing someone a joyful an prosperous life, symbolizing a harmonious and blissful atmosphere.
đ° News flash around the world
Saudi Arabia, UAE, Ethiopia, Iran, Egypt confirmed they are joining BRICS (MEMO)
South Korea, Indonesia bilateral agreement to boost connectivity (Source)
The UAE and China have executed their first cross-border central bank digital currency (CBDC) transaction valued at $13.6 Million using digital dirham and digital yuan (CryptoNews)
đ Business Expansion Updates
McDonaldâs Korea to expand locally sourced ingredients to introduce more hit products (KT)
Bank of America targets Middle Market to expand investment banking in Europe (Bloomberg)
FOMO pay, a prominent digital payment and digital banking solutions provider in Asia, announces its strategic partnership with Klasha to enhance cross-border payment capabilities for merchants and businesses across Africa and Asia (Yahoo)
âď¸ Legal & Regulatory Updates
China tightens rules on polluters before carbon market expansion (BT)
đ¤ Deal Highlights - Notable M&A / finance transactions
Portable building firm, Willscot Mobile, to buy McGrath Rentcorp in $3.8 Billion deal (RT)
Northrop Grumman Corporation, a leading global aerospace and defense technology company, entered into an accelerated share repurchase agreement with Morgan Stanley & Co. (Source)
Amphenol Corporation, a leading global provider of high-technology interconnect, antenna & sensor solutions, announced its acquisition of Carlisle Interconnect Technologies business for $2 Billion in cash (Source)
Learn new terms this week (in Chinese)
Maintenance Margin: çť´ćäżčŻé (wĂŠi chĂ bÇo zhèng jÄŤn)
Day Order: ĺ˝ćĽĺ§ćć䝤 (dÄng rĂŹ wÄi tuĹ zhÇ lĂŹng)
Leverage: ć ć (gĂ ng gÇn)
Let us know what topics and language interest you here!
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