3G Capital, a low-key private equity firm best known for helping Warren Buffet merge food giants Kraft and Heinz, is taking shoe company Skechers private for $9.4 billion in cash.
SPOTLIGHT: DEATH OF THE DOLLAR
Asset managers are converting more of their dollar-based assets into investments in Europe, the Financial Times reported.
CHINA TECH GIANT IS BUILDING END-TO-END SUPPLY CHAIN FOR ADVANCED CHIPS
Huawei, China’s leading maker of computer chips, and two of its affiliated companies are nearing completion of three factories in Huawei’s home city of Shenzhen that will further break the country’s dependence on foreign technologies, the Financial Times was first to report.
TRUMP’S REELECTION WIN KICKED OFF AN UNPRECEDENTED LEVEL OF ‘MONEY-GRUBBING’
U.S. President Donald Trump’s election win in November kicked off an unprecedented level of “money grubbing” by the Trump family that makes his first term in the White House—where he cashed in on “branded” properties—look like an exercise of modesty, WSWS reported.
GAZA DEATH TOLL
The death toll in Gaza reached 52,862 and 119,648 people have been wounded. There are at least 11,000 people missing.
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