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Companies & CEOs

Blackstone and TPG to acquire women's health solutions developer Hologic

Blackstone and TPG to acquire women's health solutions developer Hologic
Hologic announced that American investment firms Blackstone and TPG are purchasing women's health technology developer Hologic at an enterprise value of as much as $18.3 billion. The purchasers will obtain all remaining Hologic shares at $76 each....

Warner Bros. Discovery considers selling its business

Chris Yarzab
Warner Bros. Discovery (WBD) revealed it is exploring the option of selling its complete business or parts of it. During the summer, WBD revealed intentions to detach its worldwide TV network division (Discovery Global) from its streaming and movie...

UK watchdog sees competition risks in Getty Images and Shutterstock deal

UK watchdog sees competition risks in Getty Images and Shutterstock deal
The UK Competition and Markets Authority (CMA) recognized competition concerns regarding the merger between photo banks Getty Images Holdings and Shutterstock. The regulator has allowed the companies until October 27 to present proposals that tackle...

Salesforce expects 10% revenue growth in the next five years

Medullaoblongata Projekt
Salesforce Inc., a provider of cloud-driven enterprise customer engagement solutions located in the U.S., anticipates its revenue will reach $60 billion by the fiscal year 2030. This expects a compound annual growth rate in organic revenue of 10%...
Markets & Industries

Brazil sells 5 of 7 deepwater exploration blocks

Erik Christensen
Brazil has auctioned five of seven available blocks to major firms, such as Petrobras and Equinor ASA, indicating a revived interest in deepwater exploration along the nation's southern coast, despite low oil prices, according to Bloomberg's report....

Rare earth metals stocks surge amid US-China rivalry

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Stocks of firms engaged in rare earth metals are surging significantly due to the US-China export control conflict, reports the Financial Times, referencing trade statistics. The newspaper highlights that investors are hastening to invest in this...

Eurozone inflation accelerates to 2.2% in September

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In September, consumer prices in the Eurozone rose by 2.2% compared to the previous year, as per final figures from Eurostat, the statistical office of the European Union. This indicates a rise in inflation relative to August, when it stood at 2%....

Strikes at two major European ports caused significant delays in deliveries

Sergey Ashmarin
Labor actions at two of Europe’s major ports – Rotterdam and Antwerp-Bruges – have led to considerable shipment delays days after storms, according to Bloomberg. Employees tasked with unloading and securing containers on vessels and docks initiated...
In-depth coverage

European Tech Sovereignty: Europe Enters the Era of Exascale with the Inauguration of the Jupiter Supercomputer

Europe has taken a giant leap in technological development and supercomputing sovereignty with the launch of its first exascale computer in Germany. JUPITER, built using American chips but set to develop further with the integration of European microprocessors in 2026, is capable of performing over one quintillion (10¹⁸) operations per second, immediately cementing its place as Europe’s mos...
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World & Politics

The Louvre reopens to visitors three days after the robbery

pexels
The Louvre in Paris has welcomed back visitors three days following the robbery at the museum, as reported by the LCI television channel. As per the channel, the museum resumed operations on October 22 at 9:00 a.m. local time, following its usual...

Reuters: Russia sent a document to the United States on the terms of peace with Ukraine

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Russia has presented its requirements for a peace deal with Ukraine in an informal document forwarded to the United States. According to Reuters, this information comes from two US officials and a source knowledgeable about the document. According...

Trump: Middle Eastern countries are ready to deploy troops to Gaza if necessary

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US allies in the Middle East have indicated their willingness to send troops to the Gaza Strip should Hamas breach the ceasefire deal with Israel, US President Donald Trump stated on Tuesday. "Several of our outstanding partners in and near the...

EU Member states will be required to submit gas and oil supply diversification plans

Ivan Radic
The proposed phase-out of Russian gas, which the EU Council approved on Monday, mandates all EU member states to present "national diversification plans detailing the actions and possible obstacles." "The communiqué released stated that the Council...
Management & Strategy

Former McLaren Automotive CEO Michael Leiters may become new CEO of Porsche

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Porsche announced that former McLaren Automotive CEO Michael Leiters could become the new CEO of the German luxury car brand. The supervisory board of the company will start talks with Chairman of the Board of Management Oliver Blume about his...

The Bank of England relaxes its rules for bonus payments to top executives at UK banks

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The Bank of England has sanctioned new regulations regarding bonus payouts for senior executives at UK banks, enhancing flexibility, the regulator declared. The duration that executives have to wait for their complete compensation, known as the...

Verizon names Dan Schulman from PayPal its CEO

Mike Mozart via flickr
The Verizon Communications Board of Directors has named Dan Schulman, the former CEO of PayPal Holdings Inc., as its new Chief Executive Officer. He will take over for Hans Vestberg. The change is effective immediately, as stated in a press release....

Shein to open first offline stores in France in November

DMCGN
Asian online fashion retailer Shein is set to launch its initial physical stores in France in November through a partnership with department store operator Societe des Grands Magasins (SGM), according to Reuters. Shein intends to start selling at...