The Strategist

The Strategist
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Companies & CEOs

Auto parts retailer Autodoc postpones Frankfurt IPO

Autodoc GmbH
Germany's Autodoc, the biggest online auto parts retailer in Europe, has delayed its IPO. The firm did not provide a reason for its choice, but stated in a release that “the company and shareholders are still contemplating an IPO at a future...

Chinese chip designer aims for $1 billion Hong Kong listing

stocksnap.io
Montage Technology, a Chinese semiconductor designer, aims to raise approximately $1 billion through a Hong Kong stock exchange listing and has enlisted banks to assist with the preparation, according to Bloomberg, citing sources familiar with the...

WSJ: Bank of New York Mellon ponders merger with Northern Trust

Chris Rycroft via flickr
The Wall Street Journal reports, citing sources, that Bank of New York Mellon (BNY Mellon) is interested in merging with its competitor Northern Trust. The bank executives have engaged in discussions, yet no concrete proposals have been...

Nippon Steel closes deal to acquire US Steel

Nippon Steel closes deal to acquire US Steel
Japanese Nippon Steel finalized an agreement to purchase United States Steel, the steel firms announced in a combined statement. According to the agreement, Nippon Steel acquired the American steelmaker for $55 per share. The overall transaction...
Markets & Industries

Israel stocks hit record, post EMEA's best gain in June

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Israel's stock exchange reached an all-time peak amid the nation's war with Iran, as investors speculate that Israel will come out of the conflict more secure, Bloomberg states. The blue-chip TA-35 index has increased by 6.8% since Israel launched...

FT: $9 billion transferred in Russian sanctions evasion transactions via ruble-pegged stablecoin in Kyrgyzstan

Mark Hodson via flickr
The Financial Times reports, based on its analysis of crypto wallets, that transactions totaling approximately $9.3 billion occurred with a ruble-linked cryptocurrency named A7A5 over a span of four months. A7A5 is a stablecoin linked to the ruble...

US consumer confidence index worse than expected in June

Lance Chueng/USDA via flickr
The Conference Board reported that the consumer confidence index in the US declined to 93 points in June, as calculated by the research organization. The updated figures show that the indicator value was 98.4 points in May, rather than the...

IEA: Global LNG supply chain emissions hit 350 million tons of CO2 per year

United Nations Information Centres via flickr
Global liquefied natural gas supply chains produce approximately 350 million tons of carbon dioxide equivalent annually, comparable to the yearly emissions of Italy; however, these emissions could be reduced by 60% for $100 billion, according to...
In-depth coverage

Mittelstand, Germany’s Hedge Against Crisis

It’s a stormy weather for Europe's biggest economy right now: Germany is facing a recession as high energy costs are becoming a huge burden, for the country's industrial companies especially. All this would be spelling trouble for the entire region if not for the Mittelstand, a bunch of stable German businesses that keep working hard and inspire others.When it comes to discussions about a Germa...
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World & Politics

Reuters: French Le Pen's party's refused to accept US support

Claude TRUONG-NGOC
In late May, a delegation from the US State Department engaged with high-ranking members of the French right-wing National Rally (RN) party. During the meeting, the party officials turned down a proposal from the U.S. diplomats for the Donald Trump...

Navigation problems in Persian Gulf create a jam of almost 1,000 ships

Alireza Shakernia
The rise in tensions in the Middle East resulted in significant issues for shipping in the Persian Gulf, where a backlog of nearly 1,000 vessels has developed since last week, according to S&P Global, referencing market sources. Due to the unstable...

NYT: Iran removed 408 kg of enriched uranium from nuclear facilities

IAEA Imagebank via flickr
Iran extracted all the enriched uranium from its nuclear sites prior to the US attacking them, reports The New York Times referencing Israeli sources. The International Atomic Energy Agency (IAEA) reported that Iran possessed 408.6 kg of uranium...

The EU considers US demands excessive in trade talks

Downing Street via flickr
The EU views the US as imposing one-sided demands in trade negotiations, attempting to compel the union to offer unilateral concessions, Bloomberg reported on Saturday, referencing sources. According to sources, Washington's requests encompass...
Management & Strategy

Shareholders criticize Nissan managers for poor results

Ryan Housknecht via flickr
During the yearly meeting of the Japanese car manufacturer Nissan Motor, shareholders strongly criticized the management for unsatisfactory results. For three hours, those attending the meeting voiced their unhappiness over extensive layoffs and...

Chief Financial Officer Chris Turner to head Yum! Brands in October

Joseph Michael Rozier
Chris Turner, who is presently the chief financial officer of the company, will take on the role of the new CEO for Yum! Brands Inc. on October 1. Turner, 50, became part of Yum! in 2019 after working in senior roles at PepsiCo and over ten years at...

CrowdStrike CEO donates over $1bn worth of company shares

heute.ag
George Kurtz, the CEO of US cybersecurity company CrowdStrike, has donated over $1bn in shares of his firm, as indicated by filings available on the US Securities and Exchange Commission (SEC) website. Kurtz's submissions do not reveal the...

Buffett to step down as CEO of Berkshire Hathaway at the end of the year

Fortune The Most Powerful Women via flickr
Berkshire Hathaway Inc, the investment firm of American billionaire Warren Buffett, reduced its operating profit in the first quarter of 2025 by 14 percent, while its net income decreased by 2.8 times. Buffett, 94, who has steered Berkshire for...