Europe

Lufthansa Receives EU Approval to Acquire ITA Airways for $350 Million

Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million.


Russia's Central Bank Encourages Businesses to Use Crypto to Evade Sanctions

Russia's central bank has advised businesses to explore alternative solutions, including cryptocurrencies and other digital assets, to facilitate payments with foreign partners...

UK: Nurses Express Heartbreak as Hospital Patients Die Alone Amid Staff Shortages

Nurses in the UK express profound distress and heartbreak over hospital patients being left to die alone amidst shocking staff shortages, highlighting compromised care standards where survival is now ..

Toblerone Continues to Sweeten Russia's Shelves Despite US Maker Mondelez Halting Imports: Report

Toblerone chocolates have continued to be available on the shelves in Russia despite Mondelez International's efforts to halt imports...


Latest News

Julius Baer Group acquires WMPartners Wealth Management as first step for merger with Infidar Investment Advisory unit
Julius Baer Group said it will be acquiring WMPartners Wealth Management. The latter will then be merged with Julius Baer's Infidar Investment Advisory Ltd unit to form one of the largest independent
DSM spins off pharmaceutical unit for USD2.6 billion
Netherland's DSM said it would spin off its pharmaceuticals division to private equity firm JLL Partners for USD2.6 billion. The post-spin off company would be developing and manufacturing drugs under
Nokia exits handset business, Microsoft to takeover
Nokia shareholders were expected to approve the sale of its beleaguered handset business to Microsoft Corp. for EUR5.44 billion. The takeover would boost Nokia's cash position to EUR8 billion.
PayPal forges partnership with Uber Technologies Inc
Internet payment platform PayPal forged a partnership deal with car service firm Uber Technologies in a bid to reach modern marketplaces that cater to mobile-savvy customers.
Three exchange companies weigh bids for Euronext
Euronext attracted individual bids from three exchange firms just a week after the company was acquired by IntercontinentalExchange Group Inc, according to sources familiar with the matter.
CEPSA takes over Coastal Energy Co. For CAD2.3 billion
Spanish multinational oil firm CEPSA bought Canadian Coastal Energy Co. for CAD2.3 billion (USD2.21 million) including debt. CEPSA will pay CAD19 per Coastal Energy share in cash.
Bitcoin gains momentum in market, reaches USD700 as US Senate discusses regulation
As the value of the Bitcoin reached a landmark USD700 valuation, The US Senate committee held a hearing with experts, lobbyists and federal regulators to discuss about the potential threats, risks and
Aberdeen to take on US asset managers after SWIP acquisition
UK-based Aberdeen Asset Management revealed its plan to take away businesses from US investment managers such as BlackRock and Vanguard after completing the acquisition of Scottish Widows Investment P
French startup LeCab scoops up USD6.8 million in Series B funding
France-based black car service provider LeCab raised USD6.8 million (EUR5 million) in a Series B funding round from undisclosed investors, to be used for the expansion of the company's service and man
GDF Suez, Total and Hellman & Friedman looking to sell GTT in IPO
French companies GDF Suez and Total and American private equity firm Hellman & Friedman were planning a public offering for jointly-owned Gaztransport & Technigaz (GTT). The IPO could value GTT at up
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