Norwegian bank DNB announced on Monday that it has reached an agreement to purchase Carnegie Holding AB from Altor and its minority shareholders for an estimated 12 billion Swedish crowns, equivalent to around $1.14 billion. This acquisition marks a significant step for DNB as it aims to expand its investment…...

In a recent ruling by Federal Court Judge Michael Lee, Australia’s Qantas Airways was ordered to pay a total of A$170,000 (approximately $114,000) to three baggage handlers whom the airline unlawfully dismissed in 2020. These payouts were designated to illustrate the damages owed to a larger group of around 1,700…...

Gold prices reached a record high on Monday, driven by heightened safe-haven demand amid escalating geopolitical tensions in the Middle East and the preliminary skirmishes of the upcoming US election race. In trading, gold surged as much as 0.3% to an all-time peak of $2,729.30 per ounce, surpassing last week’s…...

A recent study commissioned by the environmental group Transport & Environment (T&E) has revealed that the five largest members of the European Union subsidize fossil-fuel company cars to the tune of 42 billion euros ($45.6 billion) each year. This significant sum of taxpayer money primarily supports vehicles that contribute to…...

The Boeing Company, founded in the early 20th century by William Boeing, has become a hallmark of American ingenuity and strength in the aerospace market. Initially inspired by aviation advancements, Boeing capitalized on military contracts during World War I. However, the company faced significant challenges with declining demand post-war and…...

In Lambert Streher’s reflective piece on the evolution of writing tools, he embarks on a personal journey from the analog to the digital realm, shedding light on the nuances of producing written content throughout his life. He expresses appreciation for traditional writing methods, contrasting them with contemporary digital practices that…...

In a recent announcement from Paris, France’s Finance Minister Antoine Armand confirmed that the Public Investment Bank (BPI) will acquire a 1% stake in Opella, a subsidiary of Sanofi, for approximately 150 million euros ($162.98 million). This development follows a report from Le Figaro detailing a major transaction where U.S.…...

Elon Musk, the billionaire entrepreneur behind Tesla and SpaceX, has recently shown strong support for Donald Trump’s presidential campaign, committing at least $70 million to assist the former president’s bid for the White House. His latest controversial move involves offering a $1 million giveaway to individuals who sign a petition…...

Convenience stores in the United States, traditionally associated with less appetizing food options like petrified hot dogs and stale snacks, are undergoing a transformation to offer a more diverse and appealing menu in an effort to attract customers. Chains such as 7-Eleven and QuikTrip are looking internationally for inspiration, adopting…...

Germany is contemplating the introduction of legislation aimed at safeguarding its domestic banks from potential cross-border takeovers. This consideration comes in light of recent moves by Italy’s UniCredit to acquire a substantial stake in the state-backed German bank Commerzbank, sparking concerns within Berlin. According to reports from La Repubblica, the…...

In his insightful work, “The Burning Earth: A History,” author Sunil Amrith delves into the intricate relationship between humanity and the natural world, underscoring the profound impacts societal choices have had on the environment throughout history. He posits that our current climate challenges—evident in rising storms, wildfires, and resource depletion—are…...