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French entrepreneur Stéphane Courbit will take his television production company Banijay and online sports gambling group Betclic public via a Spac backed by prominent investors, including Bernard Arnault and Vincent Bolloré. The deal gives the new company, FL Entertainment, an enterprise value of €7.2bn, or €4.1bn in equity value. The shares will begin trading on…
EY’s global boss said a break-up of the Big Four firm would win its consulting division up to $10bn in extra fees by liberating it from conflicts of interest that block partnerships with the world’s largest tech groups. Pressure is building on the accounting firm to decide whether to pursue a historic split as its…
SHANGHAI (Reuters) -Tesla Inc has delayed a plan to restore production at its Shanghai plant to levels before the city’s COVID-19 lockdown by at least a week, according to an internal memo seen . The U.S. electric car maker originally aimed to increase output at its Shanghai plant to 2,600 cars a day from May…
Tesla shortens delivery waiting time for Model Y in China to 4-8 weeks -website Source
© Reuters. FILE PHOTO: The company’s logo is seen at the new cell and gene therapy factory of Swiss drugmaker Novartis in Stein, Switzerland, November 28, 2019. REUTERS/Arnd Wiegmann/ ZURICH (Reuters) – Novartis said on Monday it was integrating its pharmaceuticals and oncology units into an innovative medicines (IM) business to simplify its structure, targeting…
© Financial Eye. Memo Shows Tesla (TSLA) to Ramp up Production in Shanghai By Michael Elkins An internal memo obtained suggests that Tesla (NASDAQ:) plans to restore production at its Shanghai Giga plant to pre-lockdown levels by Tuesday, a day later than its latest recovery plan. Just over two weeks ago, it was reported that…
Australia’s Treasury Wine posts higher profit on U.S. sales, price hikes Source
After-Hours Movers: Bed Bath Falls as Cohen Files to Sell Shares, Cisco Gains on EPS Source
The US and Taiwan agreed on Wednesday to begin formal trade and investment talks as relations between Washington and Beijing have grown increasingly strained. The discussions stem from a joint initiative announced in June and are expected to begin in the early autumn. They are aimed at deepening economic engagement in agriculture, digital trade, climate…
August 17 (Financial Eye) – Brazilian utility Cia Energetica de Minas Gerais SA (BVMF:CMIG4), better known as Cemig, announced recently a new tender to contract or buy wind and solar capacity. Companies have until October 3, 2022, to register in order to participate in the tender. Winners will be announced on October 25, 2022. Cemig…