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Toshiba Considering a $20 Billion Private Takeover Deal

Tokyo based diversified products company Toshiba Corp. (TYO: 6502) is considering a $20 billion private takeover deal from private equity firm CVC Capital Partners. This was disclosed by an insider source who sought anonymity. The source claims the company has been facing immense pressure from activist shareholders to pull up its socks on managerial issues. […]

Emergent Bio Receives $23 Million Vaccine Production Order

U.S based drug manufacturing company Emergent BioSolutions Inc. (EBS) has received an extra vaccine production order of $23 million for Johnson & Johnson’s COVID-19 vaccine. The company says this extra order is coming from a major agency based in the United State but failed to reveal the agency. Emergent Bio says it will be using […]

Microsoft Mitigates Microsoft 365 Services Technical Hitch

Leading tech company Microsoft Corp. (MSFT) says it has mitigated a technical hitch issue with Microsoft 365 services, Azure and its workplace messaging app Teams. Following the outage, many users were unable to access services across the three platforms. “We have confirmed that the underlying DNS outage has been mitigated. Currently we’re validating the recovery […]

Google Contributing $25 Million in the War Against Fake News

Alphabet Inc. (GOOGL) the parent company of leading search engine Google will be making a contribution of $25 million to recently established European Media and Information Fund to help fight fake news. Often leading tech companies and social networks are being accused for not doing enough in the war against fake news across the internet. […]

Iran Won’t Stop its 20% Uranium Enrichment Until U.S Lifts All Sanctions

Iran has made it crystal clear that it won’t be stopping its 20% uranium enrichment until when the United States lifts all sanctions against the Asian country. This was announced by Iran state TV. “A senior Iranian official tells Press TV that Tehran will stop its 20% uranium enrichment only if the U.S. lifts ALL […]

Swiss Air Staring at an Imminent Job Cut Says CEO

The Chief Executive Officer of Swiss International Airlines Ltd Dieter Vranckx says they could be conducting an additional job cut in the second quarter of the year as the pandemic continues to bite the airline industry hard all over the world. The chief executive revealed this information during an interview with a Swiss newspaper SonntagsBlick. […]

Cineworld Secures $213 Million Financing Deal After Recording First Ever Annual Loss

World’s second largest cinema chain Cineworld Group Plc. (LON: CINE) has secured commitments of up to $213 million in a new convertible bond deal. The company is seeking to use this cash to lift itself from the plunge inflicted to it by the pandemic. Without a doubt, the theatre industry is among the worst hit […]

Germany Extending Lockdown Until April 18 to Curtail COVID-19 Spread During Easter

Germany will be extending its lockdown measures until April 18 in efforts to curtail spread of the deadly virus during the Easter holidays which normally lasts for around five days. The European country is currently battling a third wave of the deadly virus and it says lifting movement restrictions during this time might turn out […]

ByteDance’s Video Game Unit to Purchase Moonton Technology

The video game unit of ByteDance Nuverse will be purchasing video games studio Moonton Technology. Nuverse says it has already agreed on terms and conditions of this acquisition deal and it will be using the acquisition to expand its influence in the video game industry. “Through cross-team collaboration and drawing on lessons and insights from […]

Insurer Chubb Seeking to Purchase Hartford Group in a $23.24 Billion Deal

Switzerland based property and casualty insurance company Chubb Ltd (CB) is seeking to purchase United States based investment and insurance company Hartford Financial Service Group Inc. (HIG) for $23.24 billion. According to a statement released by the company, the transaction will be a cash and stock deal. On the other end, Hartford acknowledged having received […]