On Monday, in a historic development, Israel’s El Al Airlines will fly its first flight to the United Arab Emirates by a commercial carrier, said a spokesman for the airline. Ties between both countries have forged ahead as they surge ahead to normalize ties. The direct flight between Israel’s Ben Gurion Airport and the UAE’s…
On Thursday, according to a report from the Financial Times, in a deal worth $29.57 billion (24 billion pounds), the British units of Liberty Global Plc and Telefónica SA will merge with Telefónica SA. Both companies are expected to announce the merger deal on Thursday following five months of negotiations, said the FT’s report citing…
Blackstone Group Inc and CVC Capital Partners are holding independent talks with Italy’s Serie A soccer league, with both private equity firms keen to investment in the league. CVC is in talks to purchase a 20% stake for $2.17 billion (2 billion euros), which values the league at 10 billion euros, said the Financial Times…
In a statement, French President Emmanuel Macron stated he has had a “great discussion” with U.S. President Donald Trump regarding the introduction of a digital tax planned by France; both countries have agreed to collaborate and avoid further rise in tariffs. According to aa French diplomatic source, Macron and Trump have agreed to hold off…
A British trade body has warned that the country’s annual car production is likely to drop by a third to 1 million by 2024 if Brexit leads to tariffs with the European Union; the output will be lost to other nations. Britons are staring at an elections in just over two weeks with Prime Minister…
206 U.S. companies have applied for the special licence. In an interview with Bloomberg, U.S. Commerce Secretary Wilbur Ross has stated, licenses for U.S. companies to sell components to Huawei Technologies Co will come “very shortly,”. Licenses “will be forthcoming very shortly” and that the U.S. government had received 206 requests. “That’s a lot of…
A little more than 130 U.S. firms have applied to the U.S. Commerce Department for such a license. According to sources familiar with the matter at hand, the United States is set to soon issue licenses to a few U.S. companies to supply non-sensitive items to China’s Huawei Technologies Co Ltd. The Chinese company has…
The $10 billion deal could be announced later today. On Thursday, sources familiar with the matter at hand stated, Broadcom Inc is in advanced talks to acquire Symantec Corp’s enterprise business. Sources have cautioned that it is possible that a deal may be reached by the time Symantec announces its earnings. Negotiations could also last…
Tech-savvy KKR has prior experience in the music industry given its earlier deal with Bertelsmann; however negotiations with Vincent Bollore are expected to be tough, especially if KKR and Tencent push for a controlling stake. According to sources familiar with the matter at hand, China’s Tencent Music Entertainment Group and U.S. buyout fund KKR are…
Apple’s misleading statement is a pointer to a change in gameplan in its chip souring strategy. In a development that essentially pins down Apple CEO Tim Cook’s lie, Qualcomm Inc’s spokesperson made it bluntly clear that Cook’s comment that there was no recent settlement talks between the Apple and Qualcomm were “misleading.” “We have been…
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