In a report, Agence France-Presse said, French prosecutors have started a preliminary investigation into suspected money laundering operations by the governor of Lebanon’s central bank. Riad Salameh has come under investigation for conspiracy and organised money-laundering, said the report citing… Read More ›
Entrepreneurship
National Australia Bank under investigation for suspected breach of anti-money laundering and counter terrorism laws
On Monday, the National Australia Bank disclosed it is under investigation for suspected non-compliance to anti-money laundering and counter-terrorism laws, sparking concerns of higher compliance costs and potential fines. According to Australia’s financial crime regulator, there were “areas of serious concern”… Read More ›
Business air travel will return close to pre-pandemic levels: Airbus CEO
In an interview to Swiss newspaper NZZ am Sonntag, the CEO of Airbus Guillaume Faury said, he expects “business air travel to return to close to pre-pandemic levels” and that “airlines are devoting the same space to business class seats as… Read More ›
French economy to return to pre-COVID levels by Q1 2022: French Finance Minister Bruno Le Maire
The French economy will return to pre-COVID 19 levels by the first quarter of 2022, said Finance Minister Bruno Le Maire in an interview to JDD, a weekly. A return in investments and spending is laying the groundwork for the… Read More ›
Buyout firms Hellman & Friedman, Blackstone, and Carlyle buy majority stake in Medline Industries: Sources
According to sources familiar with the matter at hand, a consortium of three private equity firms, including Carlyle Group and Blackstone Group Inc, have signed a definitive agreement to acquire a majority stake in Medline Industries Inc. The deal values… Read More ›
Lockheed Martin Corp in discussions with US over production targets and deliveries over F-35 fighter jets
In a statement Lockheed Martin Corp said, it is in discussions with the US government over F-35 fighter jets production rate and deliveries for 2022. The defense giant aims to produce 169 F-35 fighter aircraft in 2022. “While initial discussions… Read More ›
French digital music firm Believe set to list in Paris stock exchange
On Friday, according to a book runner for French digital music firm Believe said, books for the IPO of the firm are fully covered. The company is planning to list in Paris with a target valuation of 1.9 billion to… Read More ›
William Ackman’s blank-check firm PSTH negotiating 10% stake in Universal Music Group
On Frtiday, William Ackman’s blank-check firm Pershing Square Tontine Holdings (PSTH) confirmed that it was negotiating a purchase of a 10% stake in Universal Music Group, which is being spun-off by France’s Vivendi for around $4 billion. Vivendi is planning to cash… Read More ›
Unrestricted travel between Britain and Europe possible from July onwards: Ryanair’s CEO
Despite Britain’s move to curtail travel, Ryanair’s CEO said, he was optimistic about the possibility of an unrestricted travel between Britain and Europe from July onwards. “When people are travelling in July and August there will be no restrictions on… Read More ›
Hungary blocks joint EU statement critical of China’s Hong Kong policy
On Friday, German Foreign Office State Secretary Miguel Berger tweeted that the European Union must finds ways to address ways of managing dissent, including qualified majority voting on foreign policy, following Hungary blocking a joint EU statement that was critical… Read More ›