The development is politically sensitive given that the Swedish government has a 37% stake in Telia. According to two sources familiar with the matter at hand, Nordic telecoms operator Telia’s nearly $1 billion bid for Bonnier Broadcasting is facing a… Read More ›
Day: May 9, 2019
Amazon.com’s Polish workers demand doubling of their salaries
Amazon.com is facing a labor issue which could ultimately lead to a strike. Trade unions have given Amazon 7 days to come up with workable solution. On Thursday, in a development that marks the latest labor dispute at the world’s… Read More ›
U.S. sanctions on metals exports against international commitments: Iran
U.S. President Donald Trump is clamping down on Iran’s export revenue streams so as to force it to change its political stance on Israel. On Thursday, a spokesman for Iran’s foreign ministry stated, U.S. sanctions on its metals are against… Read More ›
Kraft Heinz launches sale of its baby food brand Plasmon
Plasmon is best known for its baby biscuits made with powdered milk, minerals and vitamins. Kraft Heinz is selling the Italy-focussed brand in order to cater to other brands in its basket which have more of a global each. On… Read More ›
BlackRock pulls out from rescue bid for Italian bank Carige
Although neither BlackRock nor Carige gave a reason for the pullout, sources say BlackRock’s reasons include excessive risks. On Thursday, U.S. asset manager BlackRock stated, it has pulled out of a proposed rescue of Italian bank Carige, which raises the… Read More ›