Eurasia

Eni S.p.A. (NYSE:E) extended its long-term agreement with Vår Energi ASA. As per the agreement, Vår Energi will supply up to five billion cubic meters (bcm) of gas to Eni between 2024 and 2036. Vår Energi will make deliveries to the gas terminals in Emden and Dornum, Germany, and pricing will...

Deutsche Bank AG (NYSE:DB) shares are trading at a higher premarket today. The bank disclosed that its Supervisory Board has appointed Laura Padovani as Chief Compliance and AFC Officer. Effective July 1, Padovani will oversee Compliance and Anti-Financial Crime (AFC) and join the Management Board...

KKR & Co. Inc. (NYSE:KKR) and Baby Memorial Hospital inked definitive agreements through which KKR-managed funds will acquire a majority stake in the regional multi-specialty hospital chain in India. The financial details of the deal remain undisclosed. Akshay Tanna, Partner and Head of...

The BYD Co., Ltd. (OTC:BYDDY) (OTC:BYDDF) plant in Uzbekistan commenced production earlier this year and recently celebrated the rollout of its first vehicles from the assembly line. The company announced on Weibo that the first vehicles of the BYD Song Plus DM-i Champion Edition rolled off the...

The European Commission regulators are reportedly set to decide by August 1 on whether to approve Hewlett Packard Enterprise Company’s (NYSE:HPE) $14 billion acquisition of Juniper Networks, Inc. (NYSE:JNPR). Announced in January, the deal aims to enhance Hewlett Packard Enterprise’s...

NIO Inc. (NYSE:NIO) has reportedly inaugurated a new showroom in Germany, marking its second opening on a smaller scale this month. NIO has announced the official opening of its Nio Hub in Cologne, Germany, CnEV Post reported, citing a post on Weibo. The report noted that Cologne, located on the...

On Friday, thousands of HSBC Holdings plc (NYSE:HSBC) customers in Britain reportedly faced difficulties accessing online banking services, as the bank reported an outage impacting its website and banking app. Without giving a reason for the outage, the lender said, “We’re really...

Nokia Oyj (NYSE:NOK) shares are trading higher after the company agreed to sell Alcatel Submarine Networks (ASN) to the French State, represented by the Agence des participations de l’Etat (APE) for an enterprise value of EUR350 million. Post deal, Nokia will keep a 20% stake and board...

Amazon.com Inc (NASDAQ:AMZN) is reportedly preparing to launch a new section on its shopping site, targeting overseas consumers with affordable items shipped directly from warehouses in China. This strategic move is aimed to compete with bargain sites like Temu and Shein, reported Reuters. The...

BP p.l.c. (NYSE:BP) reportedly implemented a hiring freeze and halted new offshore wind projects, shifting focus back to oil and gas due to investor dissatisfaction with the company’s energy transition strategy. These moves are part of CEO Murray Auchincloss’ strategy to reduce...

Comcast Corp’s (NASDAQ:CMCSA) Universal division is reportedly exploring the possibility of developing a major new theme park in the U.K., potentially generating substantial economic benefits and job opportunities. The proposed park is expected to create around 20,000 construction roles and 8...

KKR & Co. Inc.’s (NYSE:KKR) Johannes Huth, known for leading key European deals, is retiring after 25 years with the private equity firm. According to a LinkedIn Post, Johannes Huth, based in London, is stepping down from his roles as KKR’s Chairman for Europe, the Middle East, and...

Brookfield Asset Management Ltd. (NYSE:BAM) disclosed signing a share purchase agreement for a majority stake in France’s Neoen. This transaction, known as the “Block Acquisition,” was signed after Neoen completed its works council information and consultation process. As...

Toyota Motor Corporation (NYSE:TM) shares are trading higher today. The company stated that it sold 325.9 billion yen ($2.04 billion) cross-shareholdings of listed companies in the fiscal year ended March 2024. As a result, as of March-end, Toyota Motor Corporation (TMC) strategically holds shares...

UBS Group AG (NYSE:UBS) shares are trading lower today. The bank is reportedly selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management (BSAM). The Swiss bank’s joint venture partner, Founder Securities, said on Monday that it would sell its...