World news

  • 31.08.2020
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Volkswagen planning new North America factory for electric vehicles

Volkswagen VOWF_p.DE is deciding where to locate a new factory in North America to build electric vehicles for the U.S. market, the German automaker’s new head for the Americas said on Wedne...

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Altria in talks to take minority stake in Juul: sources

Tobacco company Altria Group Inc (MO.N) is in talks to take a minority stake of 20 to 40 percent in e-cigarette maker Juul Labs Inc, people familiar with the matter said on Wednesday.

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  • 31.08.2020
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CorelDraw developer can buy an IT company with Russian roots Parallels

Canadian company Corel buys a developer of virtualization software with Russian roots Parallels, writes with reference to its own sources TechCrunch. According to the publication, some emplo...

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  • 31.08.2020
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Russian investors have lost interest in commercial real estate

They prefer to invest in a residential segment that is growing more rapidly.

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  • 31.08.2020
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Unilever swallows GSK's Indian Horlicks business for $3.8 billion

Unilever (ULVR.L) is to buy GlaxoSmithKline’s (GSK.L) Horlicks nutrition business for $3.8 billion, boosting the Anglo-Dutch group’s position in India by adding the popular malted drink.

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  • 31.08.2020
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Nexstar to buy Tribune Media for $4.1 billion

Nexstar Media Group Inc (NXST.O) said on Monday it agreed to buy Chicago-based peer Tribune Media Company (TRCO.N) for about $4.1 billion in cash, making it the largest regional U.S. TV stat...

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  • 31.08.2020
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Takeda shareholders give nod for $59 billion Shire acquisition

Takeda Pharmaceutical shareholders approved on Wednesday its $59 billion takeover of London-listed Shire, creating a global powerhouse with a stronger drugs pipeline but one that is saddled...

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  • 31.08.2020
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Bloomberg could sell his company if he runs for President: Business Insider

Billionaire Michael Bloomberg said he was likely to sell his financial data and news company Bloomberg LP if he runs for president, Business Insider reported, citing an interview he gave to...

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  • 31.08.2020
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China's Anta Sports-led group buying Finland's Amer Sports for $5.2 billion

A consortium led by China’s Anta Sports made an offer to acquire Finland’s Amer Sports in a deal that values the company at 4.6 billion euros ($5.23 billion), the Chinese firm said on Friday...

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  • 31.08.2020
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Barrick Gold to sell assets, reduce head-office management: WSJ

Barrick Gold Corp. will sell a research and development company it owns and reduce its technology staff, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

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  • 31.08.2020
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IAC to Sell CollegeHumor, Which Will Cut Most of Its Workers

Longtime CH Media executive Sam Reich to acquire the business | IAC will keep minority stake in slimmed down company

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  • 31.08.2020
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CITIC to sell 22% stake in McDonald's China business to PE arm: sources

CITIC Ltd, the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22% stake in McDonald’s Corp’s mainland China and Hong Kong business, which is likely to be bo...

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  • 31.08.2020
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U.S. refinery sales hit the brakes, with 5% of capacity on block

From coast to coast, U.S. refineries are available for the taking, but nobody is buying.

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  • 31.08.2020
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Blackstone Nears Deal to Buy Stake in Allcargo’s Unit

The private equity firm will buy stake for 3.8 billion rupees | Allcargo Logistics’ board approved the investment on Monday

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  • 31.08.2020
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Visa set to buy Plaid, the fintech that powers apps like Betterment and Venmo, for $5.3 billion

Visa announced on Monday it has agreed to buy fintech startup Plaid for $5.3 billion. | Plaid raised $250 million in a Series C in December 2018, which Visa participated in, at a reported va...

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Ford invests $82 million to expand Vietnamese plant

Ford Motor Co said on Tuesday it is investing $82 million to expand its plant in northern Vietnam to boost production capacity.

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  • 31.08.2020
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Kraft Heinz sells its Canadian division to Parmalat

Kraft Heinz has announced the sale of Parmalat’s Canadian cheese division. This was said in a statement.

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Hyundai Bets on EV Era With $250 Million Grab Investment

Hyundai Motor Group agreed to invest an additional $250 million into Grab Holdings Inc. and sell a fleet of electric vehicles to the Singapore-based ride-hailing company as the automaker exp...

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  • 31.08.2020
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Billionaire Novogratz Invests in Cryptocurrency Firm Bitfury

Cryptocurrency venture Bitfury raised $80 million from investors including the merchant bank founded by billionaire ex-Goldman Sachs Group Inc. partner Mike Novogratz.

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  • 31.08.2020
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Ford buying San Francisco-area e-scooter startup Spin

Ford Motor Co said Thursday it will join the mushrooming micro-mobility movement with the acquisition of 2-year-old Spin, an electric scooter rental firm based in San Francisco.

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