Business
Dangote Cement Plc is in early discussions regarding a possible secondary listing on the London Stock Exchange, a move that could significantly expand its access to international investors and global capital markets. The Nigerian cement producer stated that the initiative remains at a preliminary stage......
U.S. Securities and Exchange Commission and billionaire Elon Musk are set to appear before a federal judge in Washington, D.C., to seek approval of a settlement linked to Musk’s delayed disclosure of his investment in Twitter. The agreement concerns allegations that Musk waited too long in 2022......
Panasonic Holdings announced a three year investment program worth 500 billion yen aimed at accelerating its expansion into artificial intelligence infrastructure, even as the Japanese conglomerate reported a sharp decline in annual earnings driven by restructuring costs and weaker electric vehicle demand.......
Intertek Group is moving closer to accepting a takeover proposal from Swedish private equity firm EQT in a deal valued at approximately 12.7 billion dollars. The British product testing and certification company announced that it is currently giving EQT access to additional financial and operational......
A delegation of Italian companies specializing in glass processing technologies visited Casablanca from May 4 to May 7 as part of an economic mission aimed at strengthening industrial cooperation between Morocco and Italy. The initiative was organized by ITA – ICE Agenzia in partnership with GIMAV......
A Dior pop-up installation in Nanjing has turned a luxury retail space into a large-scale edible-inspired set design to launch the brand’s Cigale handbag. Located in front of Deji Plaza, the temporary structure features a monumental cake-like sculpture already partially “eaten”, designed......
Several major investors and food industry groups are reportedly competing to acquire the Asian restaurant business operated by Jardine Matheson, which manages KFC and Pizza Hut franchises across multiple Asian markets. Among the companies interested in the potential deal are The Carlyle Group and Yum......
Fast-fashion giant Shein has accused rival e-commerce platform Temu of large-scale copyright infringement during a legal battle now unfolding before the High Court in London. The dispute marks the latest chapter in the growing global rivalry between the two rapidly expanding online retail platforms,......
The collapse of Spirit Airlines has temporarily pushed airfares higher in certain U.S. markets, giving competing budget airlines more room to increase prices. However, industry analysts say the long-term challenges facing the low-cost airline model remain unresolved. The Florida-based carrier ceased......
Swiss engineering group ABB Ltd has announced a major investment of around $200 million to expand its production capacity for medium-voltage electrical equipment in Europe. The move aims to respond to rapidly increasing demand for electricity infrastructure driven by data centers, electric mobility,......
German naval shipbuilder TKMS AG & Co KgaA has reacted cautiously to a competing acquisition interest from defense group Rheinmetall AG in the German Naval Yards (GNYK), a key shipyard involved in naval construction projects. The CEO of TKMS, Oliver Burkhard, emphasized that financial strength alone......
Global banking group HSBC Holdings has raised its year-end target for the S&P 500 index, reflecting stronger-than-expected corporate earnings and continued optimism in U.S. equity markets. In its latest outlook, HSBC increased its forecast for the index to 7,650 points from 7,500, citing resilient......
Gold producer Barrick Mining reported stronger-than-expected first-quarter earnings, driven mainly by a sharp rise in gold prices, even as production volumes declined compared to the previous year. The company benefited from a significant increase in global gold prices, which reached record levels during......
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