Megamergers are back in vogue, climbing by 22 percent and booking $1.5 trillion in new deals in this year’s first six months, the London Stock Exchange Group reported, as the number of takeovers in the U.S. surged.
Author: admin (Kendrick Williams)
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
China’s manufacturing sector weakened further in June, with the National Bureau of Statistics’ purchasing managers index (PMI) remaining flat from May at 49.5, equaling analysts’ forecasts in a Reuters poll.
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TOP TREND 2024: EV GO FU: TOYOTA GOES FULL RETRO, RE-ENGINEERS PISTON ENGINE
Alone among major auto companies, Toyota still refuses to fully commit its future to all-electric mobility. Instead, it has introduced a redesigned piston engine for gas-electric hybrid vehicles.
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TOP TREND 2023: OFFICE BUILDING BUST: EUROPE’S TOP-RATED COMMERCIAL MORTGAGE BONDS FACE LOSSES
Investors who bought securities made up of bundles of commercial mortgage loans bought them in part because the securities earned top credit ratings.
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TOP TREND 2024: BANKS GO BUST
Wall Street banks are continuing to try to sell their troubled commercial real estate loans as office occupancy rates remain halved from pre-COVID levels and the value of office buildings slides, The New York Times reported.
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BUSINESS AND PERSONAL BANKRUPTCIES RISE IN CANADA
Bankruptcies in Canada rose 3.1 percent in May from April and a stunning 19.2 percent year on year, according to the Office of the Superintendent of Bankruptcy.
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U.K. ECONOMY PERKS UP IN FIRST QUARTER
From January through March, the U.K. economy managed to grow by 0.7 percent compared to the previous quarter, the Office for National Statistics reported on 28 June.
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PLANT-BASED ULTRA-PROCESSED FOODS LINKED WITH HIGHER RISK OF CARDIOVASCULAR DISEASE
Plant-based ultra-processed foods, including veggie burgers and meatless nuggets, increase the risk of cardiovascular disease
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SUPREME COURT FAILS TO PROTECT CRUCIAL FREE SPEECH RIGHTS OF AMERICANS AS ELECTION 2024 LOOMS
Many First Amendment supporters are calling it a devastating loss. They’re right.
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THIS WEEK IN SURVEILLANCE
One of the largest U.S. shopping malls is rolling out AI powered facial recognition.