The Ecuadorean government will reject the planned sale of Spanish oil juggernaut Repsol’s assets in Ecuador to Calgary-based News Stratus Energy, following months of disagreements with the administration of President Lenin Moreno.
Malaysia’s AirAsia X Bhd is planning to revise its $15.3 billion debt restructuring plan in order to address concerns raised by a creditor as the company’s cash is running out fast.
The Italian antitrust authority announced on Thursday morning it had opened an investigation against Google for alleged abuse of its dominant position in the Italian online display advertising market.
US jeweler Tiffany agreed with LVMH on Wednesday night to slightly lower the price of its takeover by the French luxury goods group, in a move that is set to end the legal dispute between the two this send year.
Swedish giant Ericsson announced on Wednesday morning that it had been officially selected by the United Kingdom’s BT to provide 5G radio equipment in London, Cardiff, Belfast, Edinburgh and other major British cities, building on the contract that the company signed earlier this year for core technology.
Argentinean Vice President Cristina Kirchner called on Tuesday night for a grand political agreement between the government and the opposition in order to solve the country’s mounting currency crisis.
US oil juggernaut Chevron announced on Tuesday afternoon will lay off about 25 percent of Noble Energy’s employees who joined the company after its $1.1 billion purchase of the smaller rival a couple of weeks ago.
TikTok announced on Wednesday morning it is planning to hire about 3,000 engineers over the next three years, mostly in Europe, Singapore and Canada. The company also said it could hire even more if COVID-19 cases stabilize in these parts of the world.
Semiconductor designer Advanced Micro Devices announced on Tuesday morning it would buy Xilinx in a $35 billion all-stock agreement, intensifying its battle with Intel in the data center chip market.
Prosecutors in the German city of Stuttgart have officially dropped a market manipulation probe into the former chief executive of Volkswagen Martin Winterkorn, deferring to a criminal case against him in the German city of Braunschweig.