On Wednesday, Amazon won its fight against an EU order to pay Luxembourg back almost 250 million euros ($ 303 million) in taxes, as Europe’s second-largest court slammed the bloc’s reprimand against unfair tax deals for multinationals. In a separate case, French utility Engie lost its appeal against an EU ...
Read More »Sonova a hearing aid manufacturer acquired Sennheiser
Sonova, a Swiss company knows as a medical audio and hearing aid products manufacturer, acquired Sennheiser. A few months ago, Sennheiser made surprising news that it wanted to let its consumer division go in search of a buyer. Now Sennheiser has announced that Switzerland-based Sonova Holding AG has acquired its ...
Read More »After Australia, other countries may withdraw from Chinese project BRI
Chinese President Xi Jinping’s announcement of Australia’s separation from the ambitious Belt and Road Initiative (BRI) project has been overwhelming. Many other countries, along with Australia, may also be different from this project. In fact, due to increasing military presence in the name of projects and imposing many arbitrary conditions, ...
Read More »Intel Looks $ 10 Billion in Subsidies for European Chip Plant
Germany could get the largest chip factory in Europe. However, Intel makes the location decision dependent on government funding. Intel wants to build a large chip factory in Europe, possibly in Germany. However, Pat Gelsinger, head of the hardware company, imposes expensive conditions. The European Union wants to set up ...
Read More »AstraZeneca Reports Sales of $ 275 Million COVID-19 Vaccine
This is the first time the Anglo-Swedish drugmaker has given financial details of the distribution and sale of its vaccine, which is developed with the University of Oxford. AstraZeneca said its COVID-19 vaccine contributed $ 275 million in sales in the first quarter and three cents per share from its ...
Read More »Urban Company raises $ 190 million, valued at $2 billion now
Urban Co., India’s and UAE’s largest tech-enabled home services marketplace has raised $ 190 million from investors led by Prosus (formerly Naspers). The funding has raised the valuation of the Gurugram-based company to over $ 2 billion. In 2019, the firm was valued at $ 933 million following a funding ...
Read More »Toshiba’s leading shareholder asks for strategic review after CVC bid
Toshiba Corp’s second-largest shareholder called on the Japanese group to undergo a strategic review and explicitly solicitors, disgusted by the company’s comments on the desire to list potential acquaintances. Comments from 3D Investment Partners, which owns a 7.2% stake in Toshiba, came in the form of a $ 20 billion ...
Read More »Kansas City Southern says it will talk with rival bidder CN; CP welcomes regulatory ruling
The Canadian Pacific Railway on Saturday welcomed a favorable regulatory decision related to its proposed merger with Kansas City Southern, the same day that Kansas City said its board determined that a “better proposal” from a competing proposal from the Canadian National Railway “Can be expected”. Kansas City Southern said ...
Read More »Canadian National Makes $30 Billion Topping Bid for Kansas City Southern
Canadian National Railway Co. made a roughly $30 billion bid for Kansas City Southern, kicking off a bidding war for a railroad operator that has already agreed to a sale to another Canadian rival. Canadian National offered $325 for each Kansas City Southern share, including $200 in cash and 1.059 ...
Read More »Fitch and RBI said Covid-19 wave will delay in improving the economic situation
Recent coronavirus infection cases are increasingly at risk of weakening the landscape of 2021–22. Global credit rating agency Fitch Ratings and the Reserve Bank of India both said in their separate reports on Thursday that the transition between the second wave of coronavirus could quickly delay recovery in the gross ...
Read More »