RHI Magnesita to acquire Resco Group, expanding U.S. market reach
In a expanding move to strengthen its position in the alumina-based refractories market, Vienna-based RHI Magnesita has unveiled plans to acquire Resco Group, a U.S.-based [more…]
Category: U.S.
AT&T investigates data breach impacting millions of customers
In a stark reminder of the digital age’s vulnerabilities, AT&T announced Saturday that it is investigating a recent incident that led to millions of customers’ [more…]
PAG led consortium’s $8.3 billion investment energizes Dalian Wanda’s mall unit
In a move set to shake up the Chinese property market, a consortium of investors spearheaded by private equity powerhouse PAG has just injected a [more…]
AliExpress scores big with Euro 2024 sponsorship, aims to dominate European e-commerce market
AliExpress, the international e-commerce arm of Alibaba Group Holding, is making moves in the European market with its sponsorship of Euro 2024, the upcoming European [more…]
Xiaomi unveils its electric car SU7, priced below 500,000 Yuan
Xiaomi’s foray into the electric vehicle (EV) market with its new Speed Ultra 7 (SU7) sedan is poised to shake up the industry. With a [more…]
Home Depot boosts pro business with $18.25 billion SRS Distribution acquisition
In a move signaling its commitment to expanding its professional customer base, Home Depot announced on Thursday its acquisition of SRS Distribution in an $18.25 [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…]
Genesis debuts Neolun and GV60 Magma concepts, pioneering the future of luxury mobility
Genesis, a luxury brand under the Hyundai Motor Group, recently unveiled two striking concept vehicles, showcasing the brand’s innovative approach to design and performance. The [more…]
Visa and Mastercard agree to historic settlement, lowering credit card fees for U.S. merchants
In a surprising move, Visa and Mastercard have settled a two-decade-long legal battle by agreeing to lower credit card fees paid by merchants. The decision, [more…]
McDonald’s to serve up Krispy Kreme delights nationwide by 2026
In a sweet twist, McDonald’s is set to offer Krispy Kreme doughnuts at its restaurants across the United States by the end of 2026. The [more…]