Philip Morris’ $16b bid to acquire Swedish Match gets support from Elliot.
According to the Financial Times on Sunday, activist investor Elliott Management Corp. has chosen to support Philip Morris International’s (PMI) $16 billion bid for Swedish
Standard Chartered syndicates $2.33 billion to finance 1,219 km of Tanzanian railway.
For the Standard Gauge Railway project in Tanzania, Standard Chartered Bank has successfully set up a $2.33 billion syndicated finance arrangement, the bank announced on
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Global warming: UN says climate issues chaotic; COP27 makes climate reparation a key issue.
At the COP27 climate summit hosted by the U.N. in Egypt, delegates decided to have a discussion about whether wealthy nations ought to make up
UK migrants held in the prison-like facility highlights government incompetence.
Children chant “freedom” and wave their arms behind wire fences to attract the attention of those on the other side in southeast England. A young
Twitter is used for spreading falsehood and misinformation globally. – Biden
Widespread layoffs at Twitter started on Friday as its new owner Elon Musk restructures the business, raising serious questions about the disarray that is engulfing
Iran sanctions: Crypto exchange giant Binance laundered $8b for Iranian companies.
Blockchain data reveals that cryptocurrency firm Binance has handled $8 billion worth of Iranian transactions since 2018 despite U.S. sanctions aimed at cutting off Iran
Twitter shuts down offices, as Elon Musk starts mass dismissal of workers.
After informing staff that they would get a notification of their employment status through email later in the day, Twitter Inc. temporarily closed its doors
UK economy in long-lasting recession: B of E hikes interest rates the most in 30 years, to tame 40-year high inflation.
As the UK’s central bank struggles with excessive inflation, it aggressively raised interest rates today by the largest amount since 1989. Although there will be
CBS Networks, Moonves fined $30.5m for concealment of sexual allegations and insider trading.
In an agreement with the New York attorney general’s office, CBS and its former president, Les Moonves, will pay $30.5 million. The office claims that
Global recession: Maersk sees a slowing in container demand.
Even though it exceeded third-quarter earnings projections, shipping company Maersk warned on Wednesday of waning demand for logistics and transport as a worldwide recession looms
China’s Addax along with Oil majors exited Nigerian oil despite the inability to meet the OPEC quota.
In order to vacate its four significant oil mining blocks in the nation, Sinopec’s Addax Petroleum Development (Nigeria) and the Nigerian National Petroleum Company (NNPC)
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