Business
French construction materials group Saint-Gobain has agreed to sell its specialist distribution business in Scandinavia to Finnish retailer Kesko in a deal valued at approximately $1.7 billion, marking a significant portfolio restructuring move for the company. The transaction involves the Dahl-branded......
KPMG Australia has been temporarily barred from bidding on new government contracts as authorities investigate allegations linked to the misuse of confidential client information, according to the Australian Department of Finance. The suspension, which will last for several months, prevents the global......
Italian banking group UniCredit has firmly rejected claims made by Germany’s Commerzbank regarding the level of shareholder participation in its takeover offer, escalating tensions between the two financial institutions. The dispute centers on the accuracy of figures related to the acceptance......
Indian electronics retailer Electronics Mart India is accelerating its expansion into new markets as concerns grow that artificial intelligence could affect employment in major technology hubs and influence consumer spending patterns. The company, headquartered in Hyderabad, currently generates a significant......
Global investment bank Lazard is seeking to replace Centerview Partners as financial adviser to Venezuela, according to a Bloomberg News report, intensifying competition over one of the largest sovereign debt restructuring processes in recent years. The move comes as Venezuela continues preparations......
Czech billionaire Daniel Kretinsky has strengthened his position at West Ham United by increasing his ownership stake to approximately 43%, making him the club’s largest shareholder. The move follows significant changes within the club’s leadership structure after the resignation of former......
South Korea’s HD Hyundai Heavy Industries has emerged as a leading contender in negotiations to develop and operate Morocco’s planned naval shipyard in Casablanca, a strategic infrastructure project expected to reshape the country’s maritime industry. According to sources close to......
An Indian environmental authority has raised concerns over wastewater management practices at a Tata Electronics facility involved in producing components for Apple’s iPhone supply chain, according to recent regulatory findings. The plant, located in Hosur in the southern state of Tamil Nadu,......
British energy giant Shell PLC has announced the temporary suspension of its $3 billion share buyback programme, according to a statement released on Friday. The pause, effective from June 12 until July 14, is linked to regulatory and procedural requirements associated with the company’s ongoing......
Nestlé India has firmly rejected allegations concerning the presence of infestation in its popular MAGGI noodles products, reaffirming its commitment to food safety and quality standards. The company stated that its manufacturing processes are designed to comply with strict quality-control measures......
South Korean semiconductor giant SK Hynix is expected to choose Nasdaq for its planned U.S. stock listing, according to sources familiar with the matter. The decision reflects the company’s strategy to position itself within a technology-focused market and benefit from strong investor interest......
SpaceX is preparing to make financial history with what could become the largest initial public offering ever seen on Wall Street. The aerospace company founded by Elon Musk is expected to attract enormous interest from both institutional and retail investors, reflecting the market's confidence in......
The Hospitality Innovation Summit held in Rabat on 10 June 2026 awarded Abdellatif Kabbaj the title of HIS ICON 2026. The distinction recognized his long-standing contribution to Morocco’s hospitality sector and his role in shaping modern hotel standards in the country. The ceremony took place......
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