Walgreens Boots Alliance will be taken private by Sycamore Partners in a $10 billion deal, the companies announced Thursday, marking the end of nearly a century of public trading for the US pharmacy giant. The move comes after years of financial turbulence that saw Walgreens’ market value plummet from a…
Electric vehicle (EV) adoption in Europe is increasing. One would expect that Tesla would be one of the biggest winners of such news. But the company’s sales are falling across most of its key markets.The latest figures from Norway, Germany, France, Sweden, and Denmark paint a clear picture: consumers are…
Brazil’s economy grew by 3.4% in 2024, according to the latest data issued by the official statistics agency IBGE. These results surprised the market, which had expected a slightly modest increase.According to a Reuters report, the economy’s rapid recovery is being fueled by strong investment returns and consumer spending, as…
Gap Inc (NYSE: GAP) was struggling with sales declines, profitability concerns, and loss of cultural relevance amidst an ever-increasing competition in the retail market up until the first half of 2023.Then it named Richard Dickson its chief executive, hoping the market veteran could revitalise its brands just as he did…
Saudi Arabia, the world’s leading oil exporter, has decreased its crude oil prices for Asian buyers for the month of April. This marks the first price reduction in three months and aligns with market expectations and the recent OPEC+ decision to gradually increase oil supply starting in April, Reuters reported on…
President Donald Trump is set to welcome cryptocurrency industry leaders to the White House on Friday for an unprecedented “crypto summit.” The meeting, a significant nod to the digital asset sector that played a crucial role in his re-election campaign, comes just a day after Trump signed an executive order…
US President Donald Trump said Friday that he is “strongly considering” imposing large-scale banking sanctions and tariffs on Russia until a ceasefire and peace agreement is reached with Ukraine.“Based on the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now, I am strongly considering large-scale banking sanctions,…
Mexico intends to considerably increase the number of complying companies selling to the United States under a regional trade agreement in the coming weeks, Economy Minister Marcelo Ebrard said Friday, after Washington suspended tariffs on Mexican goods entering the country under the agreement.At a presser, Ebrard admitted that a segment…
Italian stocks are doing well this year, with the blue-chip FTSE MIB index surging to a record high. It has risen in the last six days and is trading at €39,000. It is up by 14% this year, beating its American counterparts like the Nasdaq 100 and S&P 500 indices…
Asian markets faced a broad decline on Friday as Japan’s government bond yields surged to levels last seen during the 2008 financial crisis. The sell-off mirrored Wall Street’s losses overnight, where investor sentiment weakened despite US President Donald Trump’s tariff concessions. Concerns over rising input costs and economic uncertainty weighed…