Regulatory roadblocks stall UniCredit deal
UniCredit, Italy’s second-largest bank, is likely to withdraw its high-profile offer to acquire Banco BPM, marking a dramatic turn in one of the country’s most [more…]
Category: Russia
Unilever exits Russia, sells subsidiary to local buyer in €600 million deal
In a move that surprises absolutely no one, Unilever has finally bid farewell to its Russian operations, joining the ever-growing list of companies saying goodbye [more…]
Russia’s Rostec and India team up for tank ammo production
In a move that underscores the deepening ties between Moscow and New Delhi, Russia’s state-owned Rostec corporation announced on Thursday that its weapons export unit [more…]
Hungary diversifies energy supply with stake in Shah Deniz gas field
In a move to diversify its energy sources and reduce dependence on Russian gas, Hungarian state-owned energy conglomerate MVM has announced its purchase of a [more…]
China’s C929 widebody aircraft moves to critical development stage, a major leap in aviation ambitions
China’s ambitious foray into the aviation industry has reached a pivotal stage with the development of its home-grown C929 widebody passenger jet, as announced by [more…]
Zara prepares to return to Ukraine amidst lingering conflict with Russia
After an extended hiatus due to the conflict in Ukraine, retail giant Zara is gearing up to reopen many of its stores in the country. [more…]