December 29, 2021 12:40 pm
Malaysia’s Petronas said on Tuesday that it expected oil demand recovery from the COVID-19 pandemic to remain fragile and uncertain in the upcoming several years. According to Petronas, the industry was optimistic about economic recovery, but remained cautious and had to brace for oil price volatility. “The path towards sustained oil demand recovery remains fragile […]
Read moreDecember 29, 2021 11:56 am
Telefonica said earlier this week it had reached an agreement with labor unions to reduce its workforce in Spain by 15% through voluntary redundancies in a plan estimated to cost the company EUR 1.5 billion ($1.7 billion) in 2021. By cutting 2,700 jobs in an increasingly competitive market in early 2022 will allow Telefonica to […]
Read moreDecember 29, 2021 10:17 am
Vista Outdoor Inc, a global designer, manufacturer and marketer of products in the outdoor sports and recreation markets, said on Tuesday that it had agreed to acquire Stone Glacier, a premium brand focused on ultra-lightweight, performance hunting gear designed for backcountry use. Vista Outdoor used cash on hand and available liquidity under its asset-based revolving […]
Read moreDecember 23, 2021 11:31 am
Tokens.com Corp, a publicly traded company investing in revenue-generating crypto assets related to the Metaverse, Decentralized Finance and Non-Fungible Tokens, said on Wednesday that it had completed an additional strategic investment in Metaverse Group’s $6 million financing. Tokens.com was the lead investor in this strategic round of funding, while the company still has a 67% […]
Read moreDecember 23, 2021 9:22 am
Hong Kong’s air carrier Cathay Pacific Airways Ltd said on Wednesday that it would cancel some passenger flights in January due to operational and travel restrictions amid stricter quarantine requirements in the Asian financial hub. “The new consolidated schedule will result in several flight cancellations,” the air carrier said in a website notice. The airline […]
Read moreDecember 22, 2021 12:06 pm
Global investment firm KKR and global music company BMG said on Tuesday that they had acquired the entire music interests of American Blues Rock legends, ZZ Top. The agreement includes a buyout of the band’s publishing catalogue and their income from recorded royalties and performance royalties, the companies said. ZZ Top have sold more than […]
Read moreDecember 22, 2021 11:06 am
Global professional services firm Huron Consulting Group Inc (HURN) said on Tuesday that it had entered into a definitive agreement to buy Perception Health Inc, a healthcare predictive analytics company. The acquisition, whose financial details remained undisclosed, is expected to be finalized this month. After the deal closes, Perception Health is to become part of […]
Read moreDecember 21, 2021 8:37 am
Underwriter of specialty insurance Argo Group International Holdings Ltd. said on Monday that it had agreed to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd. and its subsidiaries, to Riverstone Holdings Limited, part of the RiverStone International Group. The transaction, whose terms remained undisclosed, is expected to close during the first half of 2022, […]
Read moreDecember 20, 2021 8:42 am
According to Sergei Kogogin, the Chief Executive Officer of Russia’s Kamaz, the company is exploring the option to bring in prisoners to work at its key facilities in an attempt to make up for a workforce shortage. Russia’s largest truck maker has encountered a shortage of 4,000 staff at its production plants in Naberezhnye Chelny, […]
Read moreDecember 19, 2021 12:01 pm
AMC Entertainment Holdings Inc (AMC) said earlier this week almost 1.1 million people had watched “Spider-Man: No Way Home” at its theaters in the United States, which has been a record opening for a movie across AMC theaters in December. “This was the single highest number of people watching one movie on one day at […]
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