Rio Tinto Rules Out Glencore Revival

By admin August 4, 2026 No comment

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Rio Tinto is not expected to restart takeover discussions with Glencore despite the expiry of a six-month standstill agreement under UK takeover rules. CEO Simon Trott remains focused on simplifying the company, reducing costs, selling non-core assets, and strengthening its core mining businesses rather than pursuing a major merger. Earlier this year, Rio evaluated a […]

AstraZeneca Holds Preliminary Merger Talks with Bristol Myers Squibb

By admin August 3, 2026 No comment

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AstraZeneca has reportedly held preliminary talks with Bristol Myers Squibb over a potential merger that could create one of the world’s largest pharmaceutical companies, with a combined market value of nearly $400 billion. According to a Reuters source, it remains unclear whether discussions are ongoing. AstraZeneca declined to comment, while Bristol Myers did not

Swiss Lawmakers Seek Balanced Capital Rules for UBS Amid Stability Debate

By admin July 27, 2026 No comment

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Swiss lawmakers are preparing to debate new capital requirements for UBS next month as they look to strengthen the country’s banking system while ensuring the lender remains globally competitive. The proposed rules, introduced after the 2023 collapse of Credit Suisse, originally called for UBS to hold around $20 billion in additional Common Equity Tier 1 […]

Volkswagen Plans Deeper Cuts Amid Rising Chinese Competition

By admin July 24, 2026 No comment

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Volkswagen has announced plans to deepen cost-cutting measures as Chinese automakers continue expanding into the European market. CEO Oliver Blume said the company faces growing competitive pressure from more than 150 Chinese brands, alongside challenges from tariffs and weakening demand in China. The automaker is seeking major restructuring to remain competitive. The

EU Approves Paramount-Warner Bros Merger

By admin July 23, 2026 No comment

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The European Commission has approved the proposed $110 billion merger between Paramount Skydance and Warner Bros Discovery after Paramount agreed to end its European film distribution partnership with Universal Pictures. Regulators said the move addresses concerns that the combined company could gain excessive control over cinema distribution across Europe. Despite

Latvia Seeks Strategic Investor to Stabilise Financially Struggling airBaltic

By admin July 18, 2026 No comment

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The Latvian government is in discussions with a strategic investor to support state-controlled airline airBaltic as it works to strengthen its finances and avoid the risk of default. Prime Minister Andris Kulbergs confirmed that talks with a serious potential partner are underway, adding that the government aims to complete the process this summer. As part […]

Volvo Expects Recovery Despite China Slump

By admin July 17, 2026 No comment

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Volvo Cars expects a stronger second half of 2026 despite reporting weak second-quarter results driven by a sharp slowdown in China and rising production costs. The Swedish automaker posted an operating profit of $82.8 million for the April–June period, but its shares fell around 8% after the results were announced. Sales in China, the world’s […]

Uber Halts Most Europe Food Delivery Expansion Amid Delivery Hero Pursuit

By admin July 6, 2026 No comment

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Uber has paused most of its planned food delivery expansion across Europe, just months after announcing its entry into seven new markets, according to a report by the Financial Times. The company has reportedly shelved launches in five of the seven targeted countries, including Austria, Norway, and Greece, while continuing operations in Finland and Denmark. […]

Mega-Deals Drive Global M&A to Record High in First Half of 2026

By admin July 2, 2026 No comment

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Global mergers and acquisitions (M&A) reached a record $2.8 trillion in announced deals during the first half of 2026, marking a 48% increase compared to the same period last year, according to LSEG data. The surge was largely driven by 47 mega-deals valued at over $10 billion each, which together accounted for more than $1.3 […]

BMW Prepares Staff Talks After Profit Warning Amid China Slowdown and Rising Costs

By admin June 20, 2026 No comment

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German luxury carmaker BMW is preparing discussions with employee representatives after issuing its latest profit warning and announcing plans to accelerate efficiency measures. The company cited continued weakness in the Chinese market and rising costs linked to the conflict involving Iran as key reasons for the weaker outlook. Industry analysts believe BMW could consider