L’Occitane’s billionaire owner to take firm private in $1.8 billion deal
As part of the deal, Austrian billionaire Geiger’s investment holding company will pay HK$34 for each share not already owned, representing a 30.8% premium.
IMF chief concerned about the prospect of central banks diverging on rate cuts
Kristalina Georgieva, managing director of the International Monetary Fund, discusses the outlook for economic growth in Europe and reflects on the prospect of major central banks diverging on monetary policy.
Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
“For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale,” Saudi Economy Minister Faisal Al Ibrahim told CNBC.
Embattled grocery startup Getir exits the U.S. and Europe, will refocus on Turkey
Grocery delivery firm Getir says it is withdrawing from its U.S. and European markets and will now refocus its resources on Turkey.
Scottish First Minister Humza Yousaf resigns after ending power-sharing agreement
Scottish First Minister Humza Yousaf resigned Monday after the collapse of his power-sharing agreement with the country’s Green Party.
Glass Lewis endorses 6 of activist Ancora’s nominees for Norfolk Southern board
Norfolk Southern shareholders should vote for activist Ancora’s nominees, proxy advisory firm Glass Lewis recommended, a strong sign of support ahead of a May 9 meeting.
France moves to rescue Atos as former IT crown jewel struggles to stay afloat
French IT firm Atos confirmed on Monday that it had received a non-binding letter of intent from the French government to buy some of its business divisions.
Monday’s analyst calls: Apple gets a big upgrade, headwinds seen for Lululemon, Ulta and Tesla
Monday’s analyst calls included an upgrade to Apple and a move in the opposite direction for athleisure giant Lulu Lemon and electric car marker Tesla.
Pedro Sanchez stays on as Spain’s prime minister after weighing exit
Spain’s Prime Minister Pedro Sanchez said on Monday he had decided to continue in office, days after abruptly announcing he was considering his future.
Tesla jumps 15% after passing key hurdle to roll out advanced driver-assistance tech in China
Shares of Tesla rose sharply after the company passed a significant milestone to roll out its advanced driver-assistance technology in China.
