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Cerberus Divests Its 40% Stake in Two German Banks
Cerberus Capital Management leaves German banking in a hard situation earlier this year as it was expecting this to happen later.
Bolt Raises $355 Million In Series E Funding Round
Checkout Technology platform, Bolt, announced $355 Million of Funding from their recent Series-E round with a valuation of $11 billion.
London Stock Exchange Proposes Special Listing To Attract Tech Firms
London Stock Exchange Group (LSEG) has proposed a special listing that may blur the line between private and public companies. According to...
Supply Chain Shortages Rise Amid Green Vehicles Demand
The price of batteries for electric vehicles is expected to surge in 2022, undermining technological and efficiency gains.
A...
Citigroup Sells Its Four Consumer Divisions To Singapore’s UOB
Citigroup Inc. will sell its consumer banking businesses in Indonesia, Malaysia, Thailand, and Vietnam to Singapore's United Overseas Bank (UOB). Alongside this,...
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Falling, Reviving, and Surviving of Restaurants Amid COVID-19
The restaurant industry has been vulnerable to the vicious economic impact of the pandemic rampaging across the U.S. Nonetheless, the highly susceptible...
Hertz to Receive an Additional $1.65 Billion in Funding
Hertz Global Holdings Inc. has secured a commitment to receive an additional $1.65 billion in debtor-in-possession financing throughout its bankruptcy proceedings. Hertz...
US DoJ Files Lawsuit To Block Merger Of Penguin Random House, Simon and Schuster
The US Department of Justice (DoJ) has sued Penguin Random House and Simon & Schuster to block their proposed merger.
Marks&Spencer road to digital transformation by True
Marks&Spencer, the famous British retailer, has invested £20 million in the technology industry. The investment comes after a 20-year break from its last...
KKR Buys Japan’s Largest Storage Tank Operator
New York-based investment firm Kohlberg Kravis Roberts (NYSE: KKR) has signed an agreement to buy Japan's Central Tank Terminal (CTT). KKR will buy the Japanese chemical...
