Week in Review: US-China Collaborate on Methane Emissions, China Strengthens Financial Ties in Asia, Major Global Corporate Acquisitions
Week of 20 November
👋 Hello 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
US and China will team up to cut methane emissions (Nikkei)
US and China agree on certain issues but not on computer chips (Washington Post)
China and Saudi Arabia central banks sign local currency swap agreement (RT)
China and Japan agree to resolve Fukushima water dispute through dialogue (Time)
Indonesia and Singapore have collectively launched cross-border QR payments (MAS)
France, Germany and Italy have reached an agreement on how Artificial Intelligence should be regulated, whereby support is shown for ‘mandatory self-regulation through codes of conduct’ (RT)
🌎 Business Expansion Updates
Ant Group rolls out global expansion strategy from the Singapore office (SCMP)
Telstra has committed $24 million towards expanding its digital infrastructure in the Pilbara region (Tech Decisions)
Sun Life to increase focus on Asia as part of its major expansion plans (IBMag)
DHL remains bullish on Asian expansion despite supply chain cracks (Nikkei Asia)
⚖️ Legal & Regulatory Updates
New York releases new rules for crypto exchange listings (Axios)
The Commission welcomes deal on first-ever EU law to curb methane emissions in the EU and globally (EU)
🤝 Deal Highlights - Notable M&A / finance transactions
Volvo to acquire battery business from Proterra Inc. and Proterra Operating Company (PR News)
A Glencore-led consortium agreed to buy Canadian miner, Teck Resources' steelmaking coal unit for $9B (RT)
Pet food and confectionery giant Mars will acquire UK chocolate business, Hotel Chocolat in a $663M deal (FT)
China Huarong Asset Management, one of China’s largest distressed debt managers, agreed to buy a 5% stake in Chinese state-owned investment company Citic for $1.7B (BBG)
Learn new terms this week
Request for Proposal: 邀请提交建议书 (yāo qǐng tí jiāo jiàn yì shū)
Follow up: 跟进 (gēn jìn)
After Sales Support : 售后支持 (shòu hòu zhī chí)
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