Jul 06, 2024 Last Updated 02:24 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

Aberdeen Asset Management nears acquisition of SWIP from Lloyds Banking Group- report
A report from The Sunday Times said Aberdeen Asset Management was close to reaching a deal to acquire Scottish Widows Investment Partnership from Lloyds Banking Group.
A strategic alliance was born in currency trading fraud - federal investigators
Federal regulators had a suspicion that currency traders have bonded together to increase costs of foreign currencies in order to gain on their investments.
WSJ report challenges role of private equity in average consumer
Becky Pritchard conducted an investigative report for the Wall Street Journal about how private equity had embedded itself deeply in an average consumer's life.
Irish Davy Group acquires Prescient for EUR2 billion
Ireland's largest stockbroker Davy Group bought rival Prescient Asset Management Holdings Ltd. for EUR2 billion. This is Davy's second raid against competitors after it acquired a stake in Bloxham Sto
Infinis Energy, Just Retirement and TCS Group make poor debuts on London bourse
Debuts of Infinis Energy, Just Retirement and TCS Group on the London Stock Exchange were less than outstanding, according to a report by The Independent.
Silicon Valley venture capital firm Luminari nabs USD8 million funding from British Sky
New Silicon Valley venture capital firm Luminari Capital obtained a USD8 million funding from pay-TV giant British Sky Broadcasting Group. Sky said that it wants to increase is exposure to US tech sta
UK's CDC Group intends to ramp up investments in India despite difficulties
The CDC Group, the development finance institution of the UK government, will be pouring more investments in India despite the sluggish economy, delayed reforms and a competitive private equity market
Hedge fund manager holds short position on Japanese government bonds- report
William Littlewood, the hedge fund manager of Artemis Strategic Assets Fund, has taken a short position on Japanese government bonds, according to a column written by Mark Dampier on The Independent.
UK regulator invites foreign exchange traders on currency- rigging probe- sources
Two people with knowledge about the matter told Bloomberg that the UK Financial Conduct Authority has invited foreign exchange traders as part of its ongoing probe on currency rigging.
Wilton Re looking into possible sale or IPO next year
Bermuda-based life insurer Wilton Re Holdings is scouting for investment banks to advise it on its possible sale or initial public offering next year. Wilton Re has received a total fund of USD1.5 bil

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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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