Mercedes-Benz Reports 4% Fall In 2024 Sales Amid Slowdown In China, Europe
Microsoft Announces $3B Investment To Expand Capacity In India’s Cloud And AI Infrastructure
Over 130K Watches Were Sold In November, Generating $1.7B: EveryWatch
Boeing Resumes Wide-Body Aircraft Production Following Strike Resolution
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Luxury Fashion Label Burberry Loses Spot In FTSE 100, Relinquishing Top-Tier Status
December 18, 2024
British luxury fashion label Burberry has lost its spot in London’s FTSE 100 and will enter the FTSE 250 index, with the changes to take effect from the start of trading on September 23, according to a statement released Wednesday by the London Stock Exchange. Worst performer The 168-year-old retailer has been facing challenges such …
Elon Musk Is $14 Billion Richer As Tesla Shares Hit 52-Week High
The latest rally for Tesla’s stock sent shares to a new 52-week high while adding more than $14 billion to Elon Musk’s net worth, as some analysts remain optimistic for the company owned by the world’s wealthiest person, especially under a Trump administration, which might provide regulatory relief for Tesla. Key facts Key background Shares of …
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MENA Mergers And Acquisitions Activity Rises 4% To $86B In 2023, Led By GCC Deals: EY
The Middle East and North Africa (MENA) region witnessed resilient mergers and acquisitions (M&A) activity in 2023, with the total deal value rising by 4% year-on-year to $86 billion, according to Ernst & Young (EY). M&A landscape The region recorded 565 M&A deals with a total value of $83.2 billion during 2023, according to the latest EY MENA M&A …
Saudi Aramco’s Stake Acquisition Of Rabigh Refining Tops MEA’s Q3 Mergers And Acquisitions: S&P
Mergers and acquisitions (M&A) activity in the Middle East and Africa (MEA) region saw a significant rebound in the third quarter, reaching its highest levels in nearly three years, with the oil giant Saudi Aramco recording the largest transaction. Third-quarter deals During the third quarter, the Gulf Cooperation Council (GCC) countries emerged as key players …
Billionaire Gautam Adani Decries ‘Baseless’ U.S. Indictment Accusing Him Of $250 Million Bribery Scheme
Indian billionaire Gautam Adani broke his silence on Saturday after U.S. officials accused him and executives of his Adani Group of running a large-scale bribery scheme, calling the charges “baseless” while vowing to seek “all possible legal recourse.” Key background Crucial quote “What I can tell you is that every attack makes us stronger and every obstacle …
