Category: Business

Dec. 18, 2023 - Adobe and Figma mutually agreed to terminate the cash-and-stock transaction due to the lack of a clear path for regulatory approval. (Photo: Lisa Werner | Gettty)
Estimated read time 2 min read
Business European Union U.K. U.S.

Adobe cancels $20 billion Figma acquisition amid regulatory concerns

  • Post Date 12/18/2023

In a surprising turn of events, Adobe (ADBE) has called off its planned $20 billion acquisition of the collaboration-software company Figma. This decision comes after [more…]

Dec. 18, 2023 - Japan's Nippon Steel announced its acquisition of U.S. Steel for $14.9 billion, boosting its capacity in a market poised for a price increase. (Photo: Shutterstock)
Estimated read time 3 min read
Business Japan U.S.

Nippon Steel to acquire U.S. Steel in $14.9 billion deal

  • Post Date 12/18/2023

In a significant move that could reshape the global steel industry, Japan’s Nippon Steel has announced its plan to acquire U.S. Steel in a deal [more…]

Acen Corp. and Indonesia's Barito Renewables have joined forces to acquire wind projects in the Southeast Asian region that are currently under development. (Photo: Acen Renewables)
Estimated read time 3 min read
Business Indonesia Philippines

Acen Renewables expands footprint in a partnership with Barito Renewables for wind projects in Indonesia

  • Post Date 12/15/2023

ACEN Corp.’s renewables division, ACEN Renewables International, has embarked on a significant venture with Indonesia-based Barito Renewables to acquire late-stage wind development assets in Indonesia. [more…]

OneDegree, an online insurance provider from Hong Kong, has extended its digital asset insurance services to the United Arab Emirates. (Photo: OneDegree)
Estimated read time 3 min read
Business Hong Kong U.A.E

OneDegree expands digital asset insurance to UAE in partnership with Dubai Insurance Co.

  • Post Date 12/14/2023

Hong Kong-based online insurance provider, OneDegree, has taken a significant leap in its global expansion strategy by extending its digital asset insurance services to the [more…]

Cruise autonomous vehicle unit of GM has terminated nine "key leaders" in response to continuous safety investigations prompted by an incident in San Francisco in October. (Photo: GM)
Estimated read time 3 min read
Business U.S.

GM’s Cruise autonomous vehicle unit shakes up leadership due safety investigations

  • Post Date 12/14/2023

In a significant development for General Motors’ Cruise autonomous vehicle unit, nine key leaders have been dismissed in the wake of ongoing safety investigations triggered [more…]

Dec. 12, 2023 - Puma will stop sponsoring Israel's national football team next year, a decision made before the Oct. 7 attack, as stated by a spokesperson on Tuesday. (Photo: Social Media)
Estimated read time 2 min read
Business Germany Israel Sports

Puma ends sponsorship with Israel’s national football team due to growing controversy

  • Post Date 12/12/2023

In a surprising move, Puma, the German sportswear giant, has announced the termination of its sponsorship deal with Israel’s national football team, effective next year. [more…]

Dec. 11, 2023 - Arkhouse Management and Brigade Capital Management are looking to acquire Macy's Inc. for $5.8 billion, valuing the retailer at $21 per share, a premium over its recent close at slightly over $17 per share. (Laura Miller | NYC Tourism)
Estimated read time 2 min read
Business U.S.

Arkhouse and Brigade Capital offer $5.8 billion bid to acquire Macy’s

  • Post Date 12/10/2023

In a potential game-changing move for the retail landscape, Arkhouse Management and Brigade Capital Management have jointly proposed a $5.8 billion acquisition of Macy’s, as [more…]