Dubai’s property tycoon buys Italy’s Cavalli in rescue attempt

30-11-2019
On Thursday, Hussain Sajwani, the Chairman of Dubai’s Damac Properties, a flourishing real estate developer listed in Dubai Financial Market, had purchased the Florence-based Italian fashion house, Roberto Cavalli

Panasonic to sell its chip unit to Taiwan’s Nuvoton for $250 million

30-11-2019
On Thursday, Japan's Panasonic Corp. had issued a statement saying that the electronics company’s management board had agreed to a sell-off of its money-draining semiconductor unit

EU lawmakers clear US beef imports as transatlantic tension eases

30-11-2019
On Thursday, the 28th of November 2019, the EU lawmakers had reached a decision to approve an increase of US beef imports in to the European Union

Amazon.com Inc. must check for trade mark violation, says EU court adviser

29-11-2019
On Thursday, fanning the flames of Amazon-linked anti-trust issues in the European Union further, an adviser to Brussel’s top court said that the US-based online retail giant should make sure the products were legal

Axel Springer unit, others saying Google still playing unfair, want EU to act

29-11-2019
On Thursday, Axel Springer SE headquartered in Berlin, alongside forty of its European peers had sued Alphabet Inc.’s search engine behemoth, Google LLC. over charges of alleged adulteration of a level-playing field in its favour

India mulls commission cap for Uber, home-grown Ola; industry unsettled

29-11-2019
Indian Govt. had been contemplating an option to impose cap on commissions what app-based taxi-sharing giants such as Uber alongside home-grown Ola were slashing from the drivers on each ride

Morgan Stanley suspends traders concealing multimillion dollars in losses

29-11-2019
Morgan Staley had suspended accounts or placed on forced leaves at least four of its traders over accusations of alleged misleading of securities’ market

After $13 billion levy ruling, India’s telecom sector pivots on government aid

29-11-2019
On Thursday, the 28th of November 2019, the Indian Government of PM Narendra Modi of ruling Bhartiya Janata Party, had won a hard-earned dispute over telecom fees, seizing a monumental victory

Abu Dhabi Government fund mulls at least $1bn in investment in Aramco IPO

29-11-2019
The Abu Dhabi Investment Authority (ADIA), had been exploring an option to invest as little as $1 billion in the Initial Public Offering of Saudi oil giant Aramco

IKEA to invest €200 million in race to turn ‘climate positive’

29-11-2019
IKEA, the European multinational furniture retailing group, said on Wednesday that it had been sketching out a plan to spend an upsum of around €100 million ($110 million) to fund its direct suppliers

Manchester City values at $4.8 billion after $500 million asset sales

28-11-2019
On Wednesday, Abu Dhabi-based owners of the English Football Club, Manchester City, had scored a price tag worth of $4.8 billion (£3.7 billion) following a €500 million asset sales to a US-based Private equity firm, Silver Lake

VW’s Audi to slash one-tenth of jobs to fund a shift to electric vehicles

28-11-2019
On Tuesday, the 26th of November 2019, Wolfsburg-based German carmaker Volkswagen AG’s luxury car unit Audi had issued a statement saying that the VW unit would be slashing one-tenth of its entire workforce by 2025

Britvic annual profit nosedives 31 per cent as France weakness weighs on

28-11-2019
On Wednesday, the 27th of November 2019, Britvic Plc., the Hertfordshire-based British producer of soft drinks, had reported a slump of 31 per cent in its annual profit after tax

Hyundai Motor to invest $1.55 billion in first Indonesia car plant

28-11-2019
On Tuesday, the 26th of November 2019, the South Korea-based automotive industry mogul, Hyundai Motor told that it had already sealed an initial accord with the Indonesia to build a new factory

Alibaba’s Hang Seng shares surge 6.6% in debut, as volumes overwhelm

28-11-2019
On Tuesday, Chinese e-commerce giant, Alibaba Group’s Hong Kong-listed shares soared as much as 6.6 per cent in their first trading day following a secondary listing worth of $11.3 billion

Dollar Tree Inc. shares shed 17% after forecast miss; China tariff bites

28-11-2019
Dollar Tree Inc., had forecasted a holiday quarter profit late on Tuesday, the 26th of November, that missed Wall Street estimates by a wider margin

Best Buy bolsters holiday shopping demand with upbeat forecast

28-11-2019
On Tuesday, the 26th of November 2019, the Best Buy Co. Inc., had signalled a better-than-anticipated holiday quarter sales profit

Singapore inclines “fake news” law on Facebook posts for first time

27-11-2019
On Monday, a Singapore political figure Brad Bowyer had corrected a Facebook post targeting independence of state investment firms followed by a Government request, which happened to be the first usage of the country’s recently approved “fake news” l

India’s payment processor Paytm raises $1 billion in fresh funding

27-11-2019
On Monday, the 25th of November 2019, Noida, Delhi-based Indian digital payment system and fintech company, Paytm, had issued a statement saying that the SoftBank-backed digital payment processor had raised a hefty upsum in fresh funding

France’s 5G bandwidth to be sold at floor price €2.17 billion,says Minister

27-11-2019
Late on Sunday, the 24th of November 2019, a Junior Economy Minister of France, Agnes Pannier-Runacher, said that France’s 5G bandwidth would be sold at a floor price of €2.17 billion

Xerox Corp. to take HP takeover bid hostile

27-11-2019
Upping the antes over a garrulous takeover bid for HP Inc., Xerox Corp. said on Tuesday that had been working out a plan to send its $33.5 billion cash-and-stock buyout bid for HP Inc. directly to its shareholders

Amazon opens pop-up store in China’s Pinduoduo ahead of holiday sales

27-11-2019
On Monday, the 25th of November 2019, Amazon.com Inc. had issued a statement saying that the online retailing industry giant would soon set out a pop-up store in a Chinese e-commerce platform Pinduoduo which would be lasting until year-end

HP reiterates rejection of Xerox’s $33.5bn bid, says deal undervalues HP

27-11-2019
Late on Sunday, the Palo Alto, CA-based multinational manufacturer of personal computer, printer and related accessories, Hewlett Packard Inc., had reiterated its rejection for a $33.5 billion cash-and-stock takeover bid from Xerox Corp.

SoftBank to launch WeWork stock tender offer this week

27-11-2019
Japanese Investment Conglomerate, SoftBank Corp., is expected to set out a previously slated tender offer for $3 billion worth of WeWork shares this week including a sum of $970 million owned by the WeWork co-founder Adam Neumann

Musk says Tesla has 200,000 orders for CyberTruck; Ford’s Rivian at unease

27-11-2019
Late on Sunday, the 24th of November 2019, Tesla Inc. Chief billionaire entrepreneur Elon Musk said in a tweet that the e-vehicle maker’s recently launched electric pickup CyberTruck orders had surpassed a whopping figure of 200,000