Posts by Mark Darwin
SpaceX discusses tender offer at roughly US$350 billion valuation
SPACEX is in discussions to sell insider shares that could boost the value of Elon Musk’s rocket and satellite company to around US$350 billion, according to sources familiar with the matter. That would be a significant premium to a previously mulled valuation of US$255 billion as reported by Bloomberg News and other media outlets just…
Read MoreNike to shut down virtual sneaker label RTFKT under new CEO
NIKE is shutting down its digital sneaker division RTFKT as the world’s largest athletic-wear company realigns priorities under a new chief executive officer. “Today, we are announcing the plan to wind down RTFKT operations,” the brand said on Monday (Dec 2). It will cease services by the end of January 2025. Nike chief executive officer…
Read MoreSanofi announces biggest China investment deal amid China-EU trade tensions
China is seeking to strengthen economic ties with individual members of the European Union Sanofi plans to invest around US$1.05 billion to build a new insulin production base in Beijing, which will mark the French drugmaker’s largest single investment in China, the company said on Monday (Dec 2). The site, which will be in the…
Read MoreEQT and GIC to acquire majority stake in UK’s Calisen from consortium of investors
PRIVATE equity firm EQT and Singapore’s sovereign wealth fund GIC will acquire a majority stake in UK’s Calisen, more than four years after the smart metering company was taken private by a consortium of investors, they said on Monday (Dec 2). The Financial Times first reported the deal earlier in the day, saying that the…
Read MoreDasin Retail Trust seeks court order to restrain proceedings against it for 6 months
This will prevent any resolution for the winding-up of the company to pass, along with the commencement or continuation of any proceedings against the trust THE trustee-manager of Dasin Retail Trust on Monday (Dec 2) said it has filed an application under the Insolvency, Restructuring and Dissolution Act to restrain proceedings against it for six…
Read MoreHong Kong’s HKBN gets rival takeover interest from I Squared Capital
HONG Kong telecommunications company HKBN said on Monday (Dec 2) it has received a rival non-binding indication from US private equity firm I Squared Capital for a possible takeover. The broadband firm said last month that it had received a possible proposal from state-owned China Mobile for an acquisition. HKBN and I Squared Capital are…
Read MoreChanges to Buyer Agent Commission: What to Know
In the world of real estate, understanding buyer agent commission is essential for both buyers and sellers. Recent changes in how these commissions are structured can impact everyone involved in a property transaction. This article breaks down what you need to know about buyer agent commissions, how they are changing, and what it means for…
Read MoreShiseido drops to eight-year low after growth plan underwhelms
SHISEIDO shares fell to their lowest in eight years after investors were underwhelmed by the company’s plan to counteract a slump in China by boosting growth elsewhere. Shares fell as much as 8.4 per cent – its lowest since November 2016 – in early trading on Monday (Dec 2). The stock was trading 7.7 per…
Read MoreAirline Pilot Salaries by Company
This article explores the salaries of airline pilots across different types of airlines, including major carriers, regional airlines, low-cost options, legacy carriers, cargo airlines, international airlines, and private flights. Understanding how much pilots earn and the factors that influence their pay helps shed light on the aviation industry and the work pilots do. Key Takeaways…
Read MoreNine Volkswagen plants on strike as worker rift with management deepens
WORKERS at nine Volkswagen car and component plants across Germany started two-hour strikes on Monday (Dec 2), bringing assembly lines to a halt as labour and management clash over the future of Europe’s biggest carmaker. Workers on their morning shifts went on strike for two hours, while those on evening shift plan to leave work…
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