World Business

Billionaire Bernard Arnault Gains Control of Paris Match Magazine

Billionaire Bernard Arnault Gains Control of Paris Match Magazine

The luxury conglomerate LVMH, led by Bernard Arnault, officially acquired the French magazine Paris Match in a deal worth 120…
ADNOC Acquires German Chemicals Firm Covestro in Major Deal

ADNOC Acquires German Chemicals Firm Covestro in Major Deal

Rising energy costs, driven by Russia’s 2022 invasion of Ukraine, have significantly impacted chemical producers, a sector responsible for about…
Tenece Group CEO Emphasizes Innovation in Technology Leadership

Tenece Group CEO Emphasizes Innovation in Technology Leadership

Kingsley Eze, CEO of Tenece Group, highlighted the crucial role of innovation in driving growth and leadership within the technology…
ECB Chief Supports Bank Mergers Amid Discussions of UniCredit and Commerzbank

ECB Chief Supports Bank Mergers Amid Discussions of UniCredit and Commerzbank

European Central Bank (ECB) President Christine Lagarde expressed support for cross-border bank mergers during a recent hearing with the European…
German Antitrust Authority Increases Oversight of Microsoft

German Antitrust Authority Increases Oversight of Microsoft

The Federal Cartel Office in Germany has announced that Microsoft is now under heightened scrutiny, having been identified as “of…
Northvolt to Lay Off 1,600 Employees, Cutting Workforce by 25%

Northvolt to Lay Off 1,600 Employees, Cutting Workforce by 25%

Northvolt, the Swedish battery manufacturer, has announced plans to cut 1,600 jobs, accounting for 25% of its workforce. This decision…
Businessman Extradited from UK to South Africa Over Fraud Charges

Businessman Extradited from UK to South Africa Over Fraud Charges

A British businessman and former contractor for South Africa’s struggling power utility Eskom has been extradited from the UK to…
China Slaps PwC with $62 Million Fine for Evergrande Collapse Role

China Slaps PwC with $62 Million Fine for Evergrande Collapse Role

Chinese regulators have imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s…
Google Celebrates Legal Win as €1.49 Billion Fine is Overturned

Google Celebrates Legal Win as €1.49 Billion Fine is Overturned

Google has successfully challenged a €1.49 billion (£1.26 billion) fine imposed by the EU for allegedly blocking rival online search…
EU Orders Apple to Pay €13 Billion in Back Taxes

EU Orders Apple to Pay €13 Billion in Back Taxes

The European Court of Justice (ECJ) has ordered Apple to pay €13 billion (£11 billion; $14 billion) in back taxes…