Jul 06, 2024 Last Updated 02:03 AM EDT

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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...

CDK Global Begins Restoring Systems After Cyberattack Disrupts Thousands of Car Dealerships

More than a week after cyberattacks forced CDK Global to shut down its...

EU Antitrust Regulators to Scrutinize Microsoft’s $13B OpenAI Investment Over Cloud Exclusivity

The European Union's antitrust regulators are set to scrutinize Micros...

Latest News

German DEG acquires stake in Chase Bank Kenya worth USD10 million
German investment firm DEG bought a stake in Kenyan Chase Bank worth USD10 million. Chase said DEG's investment will be used to finance their expansion, including the creation of new outlets.
Advent International makes USD1.58 billion cash offer for UNIT4
Private equity firm Advent International made a cash offer of USD1.58 billion for Dutch business software maker UNIT4 NV in a deal that was recommended by UNIT4 to its shareholders.
Etihad Airways buys a 33.3% stake in Darwin Airline, launches regional service
Etihad Airways, the national carrier of the United Arab Emirates, said it has bought a 33.3% stake in Swiss carrier Darwin Airline for an undisclosed amount.
Lloyd's Register director says South Korea is a possible investor in Britain's nuclear industry
South Korea was reported to be a possible investor in Britain's nuclear power market after the Asian country hired Lloyd's Register to evaluate its nuclear reactors, according to a director at Lloyd's
Private equity firms turn away from renewable energy investments- report
A report from the Financial News website said private equity companies were now looking for investments in fossil fuels prompted by large discoveries of shale gas in the US.
Daimler to ink strategic cooperation deal with BAIC
Germany-based international car producer Daimler announced a new strategic cooperation agreement with China-based partner automobile seller BAIC Motor that would be signed by both parties on Tuesday.
Newcastle Airport may sell half its stake
Newcastle Airport Authority Ltd was reportedly planning to sell half its stake to infrastructure investors such as IFM Investors Ltd and other superannuation funds next year.
Thomas Cook sells foreign exchange unit
England-based Thomas Cook's chief executive Harriet Green announced the sale of its foreign exchange unit to Moneycorp, a rival backed by the Royal Bank of Scotland.
Prisa close to reaching EUR 3 billion refinancing agreement with creditors
Spain's largest media firm Promotora de Informaciones or Prisa was close to reaching a refinancing agreement with its creditors for its EUR more than 3 billion debt, sources told Bloomberg.
Sources say National Bank of Greece close to selling majority stake of Pangaia to Invel Real Estate
The National Bank of Greece is close to finalizing an agreement to sell its fully-owned real estate business Pangaia to private equity firm Invel Real Estate.

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Carlos Slim Invests $1.2 Billion to Establish Gulf of Mexico Gas Field

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Tesla Spends Millions in Advertising Despite Elon Musk Hating It, But Why?

Tesla’s Strong Deliveries Report Strikes Serious Blow to Short Sellers, Resulting in $3.5 Billion Loss

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Baltimore Business Offers to Sell Watches Using Pieces of Collapsed Bridge

Baltimore Business Offers to Sell Watches Using Pieces of Collapsed Bridge

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HONG KONG-THEME-WEALTH

Dior and Armani Accused of Exploiting Migrant Workers With $2/Hour Wage for High-End Handbags

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JAPAN-ECONOMY-AVIATION-JAL-RESULTS

Japan Airlines Report Surge in Customer Harassment; Tough New Rules To Be Implemented
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