Business

  • 31.08.2020
  • 3009
  • everything-for-business.com
Shipping group Maersk to buy U.S. warehousing and distribution firm

Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customized logistics...

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  • 31.08.2020
  • 2342
  • everything-for-business.com
Thyssenkrupp sells elevator unit for $18.7 billion to Advent, Cinven consortium

Thyssenkrupp AG.said on Thursday it agreed to sell its elevators division to a consortium of Advent, Cinven and Germany’s RAG foundation for 17.2 billion euros ($18.7 billion) in what could...

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  • 31.08.2020
  • 3741
  • everything-for-business.com
Costco buys logistics firm Innovel for $1 billion

Costco Wholesale Corp. said on Tuesday it had acquired Innovel Solutions for $1 billion, as the membership-only retailer beefs up its final-mile delivery of bulky products across the United...

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  • 31.08.2020
  • 3348
  • everything-for-business.com
Retailer Casino to sell Leader Price assets in France to Aldi

Debt-laden French retailer Casino has agreed to sell 567 Leader Price stores in France, plus three warehouses, to German discount rival Aldi in a deal with an enterprise value of 735 million...

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  • 28.09.2020
  • 147
  • everything-for-business.com
Qatar Airways announces $1.9 billion in losses due to pandemic and boycott

Qatar Airways, reports a $1.9 billion loss of revenue over the past year, accusing the Coronavirus Pandemic of major losses, the elimination of Air Italy shares and the continuing boycott of...

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  • 15.10.2020
  • 138
  • everything-for-business.com
World Bank approves $ 12 billion in funding for viral vaccines and health

The $ 12 billion "package" is part of a broader World Bank package of up to $ 160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement.

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  • 22.12.2020
  • 120
  • everything-for-business.com
Tesla will enter the S&P 500 index, regardless of criticism

Tesla will join the US benchmark S&P 500 on Monday, giving millions of investors a stake in the electric vehicle maker.

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  • 02.08.2022
  • 206
  • wsj.com
Blackstone is betting on a global travel boom with an Australian resort offering

As Covid-19 cases have declined and international air travel has increased, some resorts are benefiting.

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  • 15.08.2022
  • 147
  • bloomberg.com
Russia shuts down enemies, rewards friends in the latest market reset

Nearly six months after Russia was evicted from much of the world's finances by invading Ukraine, it is going itself, developing a two-tier system divorced from adversaries.

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  • 03.01.2021
  • 118
  • Reuters.com
OPEC ready to regulate oil production growth - Barkindo

LONDON / MOSCOW (Reuters) - OPEC and its allies, led by Russia, are ready to adjust their plans to gradually increase oil production by 2 million barrels per day in the coming months, depend...

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  • 08.01.2021
  • 110
  • Reuters.com
Commerzbank's new CEO raises its reserves for risks from the coronavirus pandemic to at least € 1.7 billion

FRANKFURT (Reuters) - Just a week after starting operations, Commerzbank's new chief executive on Friday wrote off € 1.5 billion ($ 1.84 billion) of goodwill from a German bank and raised pr...

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  • 08.01.2021
  • 82
  • Bloomberg.com
Canadian banks face a conundrum: how to use a $ 55.5 billion spare

As of October 31, Canada's six largest banks had C $ 70.4 billion ($ 55.5 billion) more Tier 1 equity capital than regulators required. Capital CET1 is a pantry of securities designed to ser...

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  • 21.01.2021
  • 89
  • Reuters.com
Nuveen Asset Manager Withdraws From Sanction-Affected Chinese Companies

Nuveen, TIAA's $ 1.1 Trillion Asset Management Division, Has Done Its Assets In Chinese Companies That Will Be Closed To US Investors Due To Recent Sanctions

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  • 21.08.2022
  • 149
  • bloomberg.com
McLaren's new $3.6 million hypercar is based on a video game

With seats for one, the Solus GT is like a wave on wheels.

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  • 21.01.2021
  • 81
  • Reuters.com
Volkswagen faces EU penalties for failing to meet 2020 emission targets

Volkswagen faces more than € 100 million ($ 121 million) fines for failing to meet the EU's 2020 carbon dioxide (CO2) emissions targets for its passenger car fleet, the world's largest car m...

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  • 02.02.2021
  • 123
  • www.cnbc.com
Private jet company Wheels Up to go public with $ 2 billion SPAC deal that could help it open up new markets

Merger with Aspirational Wheels Up acquires a luxury marketing and expansion partner overseas. The deal is worth more than $ 2 billion, more than double its 2019 estimate.

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  • 23.06.2022
  • 79
  • bloomberg.com
Europe's leading economies have slowed significantly as production declines

Growth in Europe's two largest economies slowed sharply as producers suffered from a lack of demand, increasingly tight supply chains and rising prices. With the initial momentum from the...

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  • 25.06.2022
  • 85
  • bloomberg.com
The ability of the chief justice of the United States to influence the majority in the Supreme Court has weakened

In the U.S. Supreme Court, dominated by an ambitious conservative wing, Chief Justice John Roberts has become an "island man." The 67-year-old chief justice, appointed in 2005 by Republica...

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  • 30.06.2022
  • 97
  • bloomberg.com
French aviation authorities cut Paris-CDG flights by 17%

France's Civil Aviation Authority ordered a 17% cut in flights from Paris-Charles de Gaulle on Thursday. London's Heathrow and Paris-Charles de Gaulle airports cut more flights as Europe's...

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  • 05.08.2022
  • 124
  • wsj.com
WeWork Inc. launches its application after entering the stock exchange

WeWork Inc. hopes to boost its falling share price by joining a growing number of tech companies selling apps, data tools and other software to landlords and office tenants trying to adapt...

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