Author Archives
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VW strikes landmark wage deal with Germany’s most powerful union
In a significant development, Volkswagen has agreed to a wage deal with Germany’s most powerful union for 120,000 staff, representing 18% of its workforce. The deal with IG Metall sees salaries rise by 2.3% from January 2022. It also includes… Read More ›
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China crackdowns on Jack Ma’s Ant group with vengeance
In a development that marks the risks of doing business in China, where Chinese rulers through courts hold absolute power, Chinese regulators have imposed a sweeping restructuring on Jack Ma’s Ant Group, in a move aimed at curbing its valuation… Read More ›
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Chinese regulators impose exemplary fine on Jack Ma’s Alibaba Group Holdings
Alibaba Group Holdings Ltd have been fined an exemplary $2.75 billion (18 billion yuan) by Chinese regulators for violating anti-monopoly rules and abusing its dominant market position; it is the highest antitrust fine ever to be imposed by Chinese regulators… Read More ›
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This is war: polish doctor on COVID-19 infections
Midst media reports that Polish medical staff are taking oxygen and intravenous drips to boost their energy, the country’s health minister Adam Niedzielski said, many Polish doctors and nurses are just taking naps between shifts as they continue to fight… Read More ›
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CVC Capital Partners’ take private offer unsolicitated: Chairman Toshiba Corp
On Friday, the chairman of Toshiba Corp issued a statement stating CVC Capital Partners’ recent offer to take the company private, was unsolicited and would require various antitrust approvals and financing. “This initial proposal by CVC was completely unsolicited and… Read More ›
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Walt Disney Co in final stage of negotiating ABC News president
On Friday, according to a media reports, Kimberly Godwin, the executive vice-president of CBS News, is in the final stages of negotiations with Walt Disney Co to become president of ABC News. Godwin, a 14-year veteran of CBS, could potentially… Read More ›
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Impossible Foods Inc preparing for stock market listing
According to sources familiar with the matter at hand, Impossible Foods Inc is preparing for an IPO which could see its valuation touch around $10 billion or more; this is significantly more than the $4 billion it was worth during… Read More ›
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McDonald’s Corp to hire 25k people in Texas
In a statement McDonald’s Corp said it aims to hire 25,000 people in its restaurants across Texas, United States in April. McDonald’s will be hiring personnel for crew and management positions in a three-day event from April 13 to 15…. Read More ›
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Regulatory framework on climate risk disclosures will act as catalyst for massive green investments: John Kerry
In a statement U.S. climate envoy John Kerry said, a regulatory requirement on companies and financial institutions requiring them to disclose climate change related risks will spark huge investment flow in green capital investments across the world; he went on… Read More ›
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Prosus NV sells 2% stake in Tencent Holdings Ltd for $14.7 billion
In a significant development, Tencent Holdings Ltd said, technology investor Prosus NV has sold 2% of its stake for $14.7 billion in what is said to be the world’s largest-ever block trade. In a regulatory filing with the Hong Kong… Read More ›
