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Sysco acquires Restaurant Depot in a $29 billion deal to enter the high-margin restaurant business.
Ethiopia strikes a $13b boom at an investment forum, with China’s Mingyang investing $10b.
Global awareness for renewable energy came to the fore with the energy impact of the Iran War.
SoftBank obtains a $40 billion loan to increase its investments in OpenAI.
Equitable and Corebridge are negotiating a merger to establish a $22 billion insurer.
BlackRock CEO Fink raises alarm of a “global recession” if oil hits the $150 benchmark.
International Energy Agency head claims that the Iran War poses a “major, major threat” to the world economy.
U.S. jury found Musk liable to Twitter shareholders in a fraud action involving the $44 billion buyout.
China’s Alibaba targets $100 billion in AI and cloud over demand boom.
African nations to borrow $155 billion in long-term commercial debt this year, S&P says.
In a deal valued at over $29 billion, Sysco, the biggest food distributor in the country, will purchase supplier Restaurant Depot. Through the acquisition, Sysco
Following a conference to draw capital into various economic sectors, Ethiopia has obtained $13 billion worth of investment deals, according to the official investment commission.
Calls for accelerating the transition to renewable energy are becoming more urgent as the war in Iran highlights the world’s dependence on precarious fossil fuel
SoftBank Group said on Friday that it has obtained a $40 billion bridge loan to support investments in OpenAI, the company that makes ChatGPT, as
Equitable and Corebridge are in talks to merge in an all-stock merger that would create a $22 billion retirement, asset management, and wealth management juggernaut.
BlackRock CEO Larry Fink said oil prices might hit $150 per barrel and trigger a “global recession” if Iran “remains a threat” even after the
The head of the International Energy Agency stated on Monday that the war in Iran poses a “major, major threat” to the world economy. Fatih
Elon Musk was held responsible by a U.S. federal jury on Friday for allegedly defrauding Twitter shareholders by attempting to lower the company’s stock price
Alibaba Group, the largest technology company in China, announced on Thursday that it will use the surge in AI demand to drive its aim of
A survey by S&P Global Ratings shows African countries are anticipated to borrow $155 billion in long-term commercial debt this year, a 10% increase over
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