A final decision on the sale is likely to be known by the end of this week. According to sources familiar with the matter at hand, a consortium of private equity firms, including, TPG Capital Management LP, I Squared Capital Advisors LLC and MBK Partners have placed their separate bids for the fixed-line phone unit…
Even though analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk, as industrial output and consumption picked up and investment remained strong, China’s economy grew faster than expected in the second quarter. The National Bureau of Statistics said on Monday that noting the same rate as the…
The major worry for car companies caught in the fallout is playing out in a Delaware bankruptcy courtroom with respect to the bankruptcy case of Tataka Corp, say legal experts, even though the global recall of Takata Corp’s defective air bags widened last week and the number of confirmed deaths rose. Giving the people injured…
As per Lloyd’s of London report, a hypothetical cyberattack could cause widespread damage ranging from $4.6 billion to $53 billion, with a significant portion of it being unrecoverable due to companies being underinsured. A report filed by Lloyd’s of London states that a major global cyberattack could trigger an average economic loss of $53 billion,…
This merger assumes significance midst the growing global clamour for going cashless. In a significant development, French payments processing company Worldline has agreed to acquire Digital River World Payments (DRWP), its Swedish peer. The move marks a pickup in the merger activity in the payments sector. Although Worldline did not disclose the quantum it had…
With the potential for another election still a distinct possibility, many market participants are kept on the edge by U.K. leader Theresa May and her weakened government despite the fact that the government has weathered a particular nasty political storm in recent months. There is “considerable risk of the (U.K.’s) government collapsing,” says Joan Hoey,…
After announcing new incentives for U.S. businesses to go cashless, Visa is hoping to extend its “war on cash” agenda to businesses in the U.K. To help them convert to a cashless payment model, a “cashless challenge” which would see 50 U.S. businesses receive $10,000 each would be launched, the payment technology company has revealed…
Certain member states of the Trans-Pacific Partnership countries now need convincing to stay on board with the massive trade deal even as the 11 remaining TPP countries continue talks without Washington this week. After President Donald Trump’s decision to withdraw the U.S. earlier this year the TPP no longer remains alive as the world’s largest trade…
If this key technology demonstration test meets expectations it is likely to further wet investor appetite in the company which has so far raised $160 million in funding. Engineers of U.S. Los Angeles-based Hyperloop One will soon begin conducting a crucial test that will determine the maturity of the futuristic technology championed by Elon Musk…
The German government has raised the bar on criteria for overseas acquirers seeking to snap up domestic targets in tech-heavy industries, and analysts believe that Germany has essentially reacted to last year’s foreign deal-making frenzy. In case a deal is perceived to threaten public order or national security, the German government is allowed to block…
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