Author Archives

• SoftBank sells 45 million Uber shares

  By admin1 on July 29, 2021 • ( 0 )

  

  According to a source familiar with the matter at hand, SoftBank is selling around 45 million shares of its holdings in Uber Technologies Inc. With the news reaching the market, Uber’s shares tread downwards by 4.6% to $44 in extended… Read More ›

• Adecco Group acquires AKKA Technologies for $2.4 billion

  By admin1 on July 28, 2021 • ( 0 )

  

  On Wednesday, in a statement Adecco Group said, it has agreed to acquire AKKA Technologies for $2.4 billion (2 billion euros) and merge it with its own Modis tech brand. The acquisition’s synergy stems from the fact that AKKA’s its… Read More ›

• VISA reports 27% rise in total revenues to $6.13 billion in third quarter

  By admin1 on July 28, 2021 • ( 0 )

  

  Riding on the back with a boost in domestic spending, which has bounced back to close to pre-pandemic levels, and with international travel on the road to recovery with increased vaccinations across the globe, Visa Inc announced its quarterly profits which… Read More ›

• US could end up in a war in case of a major cyberattack: U.S. President Joe Biden

  By admin1 on July 28, 2021 • ( 0 )

  

  In a significant development U.S. President Joe Biden warned that Washington could end in a “real shooting war” with a “major power” in the event of a significant cyberattack on the United States. The warning comes in the wake of… Read More ›

• Private equity firms scramble to exit from China’s education sector

  By admin1 on July 27, 2021 • ( 0 )

  

  With China enacting a new law that bans private tutoring firms from making a profit from teaching core school subjects and raising capital, private equity investors are scrambling to exit the sector after pouring billions of dollars into it. With… Read More ›

• European Commission approves AerCap’s $30 billion bid for General Electric’s aircraft leasing business

  By admin1 on July 27, 2021 • ( 0 )

  

  On Tuesday, a filing on the European Commission website shows, the European Commission has approved AerCap’s $30 billion bid for General Electric’s aircraft leasing business without any conditions. The deal between the Irish aircraft leasing company and General Electric’s aircraft… Read More ›

• Allianz sees insurance claims of at least $589M from storm Bernd

  By admin1 on July 27, 2021 • ( 0 )

  

  On Tuesday, German insurer Allianz said it expects insurance claims of more than $589 million (500 million euros) from storm Bernd, which caused massive flooding in parts of western Germany this month. Allianz’s estimate is the first estimate from a German… Read More ›

• Giorgio Armani reports sales surge during first half of 2021

  By admin1 on July 26, 2021 • ( 0 )

  

  In a statement Giorgio Armani said, sales in the first half of 2021 has bounced back robustly after its business in the United States and China saw sales at the Italian fashion group return close to pre-pandemic levels. “The goal… Read More ›

• Credit Suisse settles allegations of spying with former banker Iqbal Khan

  By admin1 on July 26, 2021 • ( 0 )

  

  In a statement, a spokesperson for Swiss banking giant Credit Suisse said, the bank has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of its CEO Tidjane Thiam. “Everybody involved… Read More ›

• Najib Mikati set to become Lebanon’s Prime Minister

  By admin1 on July 26, 2021 • ( 0 )

  

  On Monday, Lebanon’s former premier Najib Mikati, a wealthy businessman, is poised to be the country’s designated Prime Minister after winning the support of most major parties to form a new government. The development comes at a time when Beirut… Read More ›