The Austrian bank will acquire a 49% stake in Santander Bank Polska SA for €6.8 billion and fully take over the management of the Spanish lender’s assets in Poland for around €200 million, the two companies said on Monday. The…
This was reported by Bloomberg, citing sources familiar with the discussions. According to the publication, Shell has intensified internal consultations on the feasibility of the deal, but the final decision will depend on the further dynamics of BP’s quotes and…
PRIO will pay Equinor a total amount of up to $3.5 billion, including a maximum interest payment of $150 million. Equinor will continue to operate the Peregrino field until the deal is completed, after which PRIO will take over management.…
Novartis said it plans to build six new manufacturing facilities, some of which will produce pharmaceutical ingredients, as well as a new research and development center in San Diego, California. Novartis’ drugs, including the heart failure drug Entresto and the…
BofA Global Research reported that amid the turmoil caused by the imposition of tariffs, foreign investors have sold $6.5 billion worth of US stocks in five trading sessions. Safe-haven U.S. Treasury bonds saw their biggest weekly inflow of $18.8 billion,…
The new deal would be a reduction for Nuro from the reported $8.6 billion valuation it was valued at in 2021 after raising $600 million in a Series D round led by Tiger Global Management. After that round, the Mountain…
Elon Musk launched the Cybertruck, a cyberpunk-style electric pickup truck, in 2023 with the ambition of changing the rules of the pickup truck market. But demand turned out to be much lower than expected. Its manufacturer, Tesla, sold 40,000 units…
Prada is looking to expand in the face of a slump in luxury goods demand, while Versace is operating at a loss. The merger strengthens Italy’s position in a luxury industry dominated by French conglomerates. The deal followed the March…
Visitors are likely to see attractions based on the studio’s most famous film franchises, including “Minions,” “Jaws,” and “Jurassic Park.” It is planned that during the construction period, about 20 thousand jobs will be created at the facility, and another…
According to the LEGO Group website, the LEGO Manufacturing Vietnam factory is the first LEGO facility in Vietnam and the second in Asia. The company calls the Vietnamese factory the most environmentally friendly of all LEGO factories to date. The…
A week before the start of a key antitrust trial against Meta (April 14), the company found itself at the center of a political scandal: Mark Zuckerberg’s meeting with Donald Trump at the White House has raised suspicions of possible…
Hidden Road will use Ripple’s RLUSD stablecoin as collateral for all of its core brokerage products and will move its post-trade operations to the XRP Ledger blockchain, according to the company’s statement. Ripple also sees potential for a cost and…