Trade tribunal rejects TC Energy’s $15B Keystone XL claim
In a move that has left TC Energy Corp. reeling, a trade tribunal has dismissed the company’s ambitious claim for US$15 billion in damages over [more…]
Category: Business
PayPal’s Polish penalty
Poland’s antitrust watchdog has decided to teach PayPal Europe a costly lesson about clarity and fairness. Slapping the digital payment titan with a hefty $27.3 [more…]
Major Aussie banks forced to repay $28 million to low-income clients
In a tale of corporate oversight, four of Australia’s biggest banks are set to refund a whopping A$28 million (around $18.95 million) to their low-income [more…]
Volkswagen weighs closure of Audi Brussels plant as luxury EV sales plummet
In the heart of Brussels, Volkswagen’s iconic Audi factory stands at a crossroads. Amidst the gleaming production lines and cutting-edge technology, a shadow looms. Europe’s [more…]
China’s BYD expands global EV footprint with key investments in Thailand and Turkey
In a strategic move, BYD Co., a Chinese electric vehicle giant, announced plans to acquire a 20% stake in its Thai distributor, Rever Automotive Co. [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…]
Skydance and National Amusements, a blockbuster deal in the making
In a twist worthy of a Hollywood script, Skydance is on the brink of merging with National Amusements, reviving a deal that seemed dead just [more…]
Maritime giants merge in $1.11 billion deal
Imagine a bustling boardroom in Norway where the high-stakes world of supply shipping and marine services converges. On a seemingly ordinary Tuesday, the Norwegian supply [more…]
Boeing reacquires Spirit AeroSystems to boost safety and quality control
In a surprising move, Boeing has decided to reacquire Spirit AeroSystems, the fuselage maker it spun off nearly two decades ago. This bold all-stock transaction, [more…]
Mizuho Financial Group gears up for M&A boom with strategic banker hires
In a move to seize the rising tide of mergers and acquisitions (M&A), Mizuho Financial Group is ramping up its team of bankers following its [more…]