Global markets firmer Chinese economy slowed sharply in Q2 U.S. yields, dollar pull back after Fed officials’ comments As investors decreased their expectations of an aggressive interest rate move by the Federal Reserve this month and as U.S. spending data outperformed estimates, global shares increased on Friday, the currency fell, and oil prices increased. As … Read more
Spirit Airlines shareholders urged the low-cost carrier to abandon its merger with Frontier Group. Discovery Capital Management LLC owns 1.4% of Spirit. The company is the second major Spirit shareholder to publicly back a merger with JetBlue Spirit Airlines Inc (SAVE.N) investor Discovery Capital Management LLC on Tuesday encouraged the minimal expense transporter to leave … Read more
McDonald’s replacement cafés in Russia sell 120,000 burgers on first day of the season. The new firm has aggressive development focuses after it sold a record number of burgers on its first day – 1,000,000 burger-flavoured meals per day. McDonald’s Corp (MCD.N) has completely left Russia, selling every one of the eateries it claimed to … Read more
Twitter Inc (TWTR.N) expects an investor vote on its $44 billion deal to Elon Musk could stop by early August. Musk’s legal counselors cautioned Twitter on Monday that he could leave the obtaining assuming the organization neglects to give the information he looks for on spam and phony records. Twitter has said imparting data to … Read more
Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at Kroger after losing a similar fight with McDonald’s. The billionaire investor in March nominated two directors to the supermarket chain’s board. He also wrote a letter to its boss pointing out Kroger’s inability to create policies concerning animal welfare. Tycoon … Read more
Frontier will pay $250 million if regulators don’t approve the planned combination of the two discount carriers. The fee is aimed at convincing investors to approve the deal next week. Spirit’s board rejected JetBlue’s advances to buy Spirit outright; JetBlue has urged Spirit shareholders to vote against the deal. Soul said an arrangement with JetBlue … Read more
Adidas has teamed up with non-fungible token specialist Bored Ape Yacht Club, cryptocurrency investor Gmoney, and Punks Comic to release its own set of NFTs as the sportswear brand pushes further into the metaverse, Reuters reported. The Adidas Originals NFT collection, which went on sale Friday, provides access to virtual wearables for blockchain-based gaming metaverse The Sandbox. … Read more
PRAGUE: Tensions have been flying high between Taiwan and China just as a Taiwanese delegation is visiting central and eastern Europe to boost business ties in a region also targeted by Chinese investors. The 66-member delegation on a tour of Slovakia, the Czech Republic and Lithuania has signed 18 memorandums of cooperation in the three countries. Taiwan’s charm … Read more
Airlift has recently announced an $85 million Series B financing, which is backed by some of the renowned investors around the globe. This is the largest private funding round in the history of Pakistan, according to the data revealed by Invest2Innovate. $85 million Series B financing of the Airlift in Pakistan marks the largest in … Read more
