Week in Review: EU and Parliament Impose Stricter Crypto Regulations, Indian Cabinet Approves Semiconductor Cooperation with EU, Synopsys Acquires Ansys for $35 Billion
Week of 22 January
👋 Happy New Year and 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
📰 News flash around the world
The EU and its Parliament impose stricter crypto regulations to combat money laundering (TP)
The Indian Cabinet approves an initial Memorandum of Understanding between India and the European Union to boost cooperation for semiconductor research, innovation and advancement of technologies (ET)
The EU tackles a new $22 Billion plan to boost Ukraine military aid (WSJ)
Chinese foreign minister’s Brazil stop yields mutual visa deal (SCMP)
Korea plans to slash tax credits for electric vehicles with Chinese batteries (KJD)
Hong Kong urged to match Singapore in green and sustainable financing subsidies to help revive debt offerings (SCMP)
🌎 Business Expansion Updates
Vietnam textile industry navigates trade agreement for Canadian market expansion (Source)
Foreign traders, Chinese fuel Japan’s market rally in the new year (Nikkei)
Amazon Web Services plans to invest $15.5 Billion to extend its cloud empire in Japan (Source)
The sole Thai distributor of BYD, the world’s biggest electric vehicle maker, will triple its dealerships in Thailand in two years, helping to cement its dominant position in its top overseas market (BT)
⚖️ Legal & Regulatory Updates
Germany’s parliament approves the easing of citizenship laws, allowing people to become eligible for citizenship after 5 years and opening up the possibility of dual nationalities (Al Jazeera)
🤝 Deal Highlights - Notable M&A / finance transactions
Synopsys, a chip design software maker, buys Ansys for $35 Billion (FT)
Airbus Helicopters to expand unmanned aerial system portfolio with acquisition of Aerovel (Airbus)
Shell has sold its Nigerian onshore oil and gas subsidiary to Renaissance for ~$2.4 Billion (RT)
Learn new terms this week (in Chinese)
Full ratchet: 完全棘轮 (wán quán jí lún)
Pro-rata Rights: 比例等同权 (bǐ lì děng tóng quán)
Protective Provisions: 保护性条款 (bǎo hù xìng tiáo kuǎn)
Let us know what topics and language interest you here!
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