World Business
Billionaire Bernard Arnault Gains Control of Paris Match Magazine
October 1, 2024
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
October 1, 2024
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
September 30, 2024
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
September 30, 2024
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
September 30, 2024
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%
September 23, 2024
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
September 20, 2024
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
September 19, 2024
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
September 18, 2024
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
September 10, 2024
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…