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Tesla’s Top Markets – US, And China, Among Markets Where It Will Cut Jobs

Large Banks, Headed By Citi, Keep Reducing Workers In Order To Save Money

Adam Neumann Offers To Outbid Competitors As WeWork Scrambles To Obtain Capital.

Growing Hostilities In The Middle East Are A New Shock To Global Markets

TSMC Exceeds Revenue And Profit Projections For The First Quarter Due To Robust Demand For AI Chips

Slowing EV Growth Forces GM And Ford Rely On Gasoline-Powered Trucks

Netflix Will No Longer Release Subscriber Numbers As The Streaming Conflicts Fade

Nissan Lowers Its Projected Yearly Operating Profit By 14.5% Due To Slow Sales

Governments Need To Mediate Local Support For Miners, According To An Industry Organisation

UBS Predicts The Big Six Internet Giants' Profit Momentum Will "Collapse" By 2024

Tesla Lowers Pricing After US Cutbacks In China, Germany, And Other Countries

This Week's Tech Earnings Explosion Highlights The Mounting Issues At Google And Tesla

M&A
Eli Lilly CFO Says Company To Make Quarterly Deals Of $1 Bn-$5 Bn In 2020

Eli Lilly CFO Says Company To Make Quarterly Deals Of $1 Bn-$5 Bn In 2020

With an effort to augment its pipeline of future products, the United States based drug maker Eli Lilly and Co has announced plans to disclose deals and acquisitions worth about one deal worth between $1 billion to $5 billion every quarter in 2020. This was said by the chief financial officer of...
Mergers & Acquisitions In Global Auto Industry In 2019

Mergers & Acquisitions In Global Auto Industry In 2019

The pressure that was felt by the global auto industry because of slowing demand, increased need for extensive investments for new generation vehicles and stricter auto emission norms saw a wave of consolidation in the industry in the past year. There were many big-ticket merger and acquisitions...
DuPont’s Nutrition & Biosciences Unit To Merge With IFF

DuPont’s Nutrition & Biosciences Unit To Merge With IFF

The IFF and DuPont’s Nutrition & Biosciences business will be merged in a Reverse Morris Trust transaction, the two companies have announced. On an enterprise value basis, the value of the merged entity is anticipated to be at $45.4 billion which effectively values the N&B business for...
Refinitiv’s Acquisition Offer Of LSE Approved By The Former’s Shareholders

Refinitiv’s Acquisition Offer Of LSE Approved By The Former’s Shareholders

The proposal to be acquired by Refinitiv in a deal that is worth $27 billion was presented to be voted by the shareholders of the London Stock Exchange Group plc. The results of the General Meeting held earlier on Tuesday showed that the vast majority of LSEG shareholders voted in favour of the...
Novartis To Acquire Heart Drug Prospect Inclisiran The Medicines Co For $9.7 Billion

Novartis To Acquire Heart Drug Prospect Inclisiran The Medicines Co For $9.7 Billion

With the aim of rivaling cardiovascular medicines from Amgen Inc, Sanofi and Regeneron Pharmaceuticals, Swiss drugmaker Novartis has decided to acquire The Medicines Co , the owner of the heart drug prospect inclisiran, in a deal worth $9.7 billion hoping to take advantage of this medicine.  ...
Tiffany To Be Acquired By LVMH For A $16.2 Billion Deal

Tiffany To Be Acquired By LVMH For A $16.2 Billion Deal

The iconic United States based jeweler Tiffany is set to be acquired by the French luxury goods maker Louis Vuitton owner LVMH for $16.2 billion. This is the biggest takeover in the history of the French firm and it is hoping that it would be able to bring the US firm to its former glory.  ...
Renault Shares Drop After Withdrawal Of Merger Offer By Fiat Chrysler

Renault Shares Drop After Withdrawal Of Merger Offer By Fiat Chrysler

The stocks of Renault dropped by 8 per cent after Fiat Chrysler withdrew its earlier proposal of a merger with the French car maker. No decision about the merger was taken on Wednesday by the representative of the French on the board of Renault.   In order to convince its Japanese alliance...
Infineon To Acquire Cypress Semiconductor In A $10 Billion Deal

Infineon To Acquire Cypress Semiconductor In A $10 Billion Deal

The chip maker Cypress Semiconductor has been agreed to be bought by Infineon Technologies in a deal in which the chip maker would be valued at $10 billion.   In addition to continuing its dividend through closing, Infineon has decided to pay $23.85 per share in cash ($10 billion enterprise...
$35 Billion Merger Proposal From FCA Being Considered With Interest By Renault

$35 Billion Merger Proposal From FCA Being Considered With Interest By Renault

The third biggest automaker was proposed to be created by the merger of Fiat Chrysler and Renault on Modnay based on fairly equal terms that balanced the role and power of each party which would help both the companies to better address the challenges of development costs of new technologies and...
Kellogg Agrees To Sell Its Snacks To Ferrero For $1.3 Billion

Kellogg Agrees To Sell Its Snacks To Ferrero For $1.3 Billion

With the aim of shifting focus to its business units and products that are fast growing, Kellogg Co. has decided to divest its cookies and fruit snack brands – which would include Keebler and Famous Amos brands – to a Ferrero SpA in a deal worth for $1.3 billion.   The companies said Monday...
Smaller US Rival Wellcare To Be Acquired By Health Insurer Centene For $15.27B

Smaller US Rival Wellcare To Be Acquired By Health Insurer Centene For $15.27B

With the aim of boosting its government-backed healthcare business, the United States based health insurer Centene Corp has decided to acquire its smaller rival WellCare Health Plans in a cash-and-stock deal. The acquisition valued the smaller US company WellCare at $15.27 billion.   There...
US Fintech FIS Will Acquire Worldpay In A $35Bn Deal

US Fintech FIS Will Acquire Worldpay In A $35Bn Deal

The significant growth in the payments industry was reflected in the announcement of the largest deal; in the segment were in payment processor Worldpay would now be bought over by US fintech group Fidelity National Information Services Inc (FIS) for about $35 billion.   There has been a...
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World

Global Warming Causes The First 12-Month Period Above 1.5C

Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...

2023 Was The Second-Warmest Year Ever For The UK

2023 Was The Second-Warmest Year Ever For The UK
The national weather service of the United Kingdom, Met Office, announced that 2023 was the second-warmest year on record for Britain. This finding highlights the increasing influence of human-caused...

Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels

Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels
On the last day of the global conference, the proposed language for a COP28 climate agreement that does not call for the phase-out of fossil fuels has come under heavy fire from influential figures,...

Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds

Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds
Brazil has joined a potential agreement supported by the United Arab Emirates, the United States, and the European Union to treble the amount of renewable energy produced globally by 2030 and move...

The Rise of India and the Decarbonisation of its Economy

The Rise of India and the Decarbonisation of its Economy
Ranked 14th in the world for gas consumption in 2022, with a growing dependence on imports, India plans to further increase its use of LNG. This appetite stems from both the economic development of...

People

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...

Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues

Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues
Employees in Asia are under "significant mental health strain," with 82% at moderate to high risk of being depressed.   According to a recent study by insurance broker Aon and TELUS Health,...

The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail

The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail
On Thursday, FTX founder Sam Bankman-Fried agreed to a bail deal that would see him released on a $250 million bond secured against his parents' property, with movement restrictions.  ...

Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool

Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool
Less than two months after taking over as CEO of the social media platform, Elon Musk faced backlash from Twitter users who voted in a poll for him to resign.   According to the poll the...