European Firms Cut China Investments Amid Economic Slowdown
European firms reduce investments in China amid economic slowdown, overcapacity, and trade tensions, as profits decline and competition intensifies.
European firms reduce investments in China amid economic slowdown, overcapacity, and trade tensions, as profits decline and competition intensifies.
Capgemini acquires WNS for $3.3 billion to enhance AI capabilities and expand US market access, boosting revenue and earnings by 2027.
US chocolate prices soar as cocoa costs surge, driven by climate issues and high demand. Despite recent dips, prices remain elevated, impacting manufacturers and consumers nationwide.
Monte dei Paschi di Siena (MPS) secures ECB approval for its €14.2B takeover bid of Mediobanca, despite opposition. Deal conditions set, but no minimum investor threshold required. Italian banking consolidation intensifies.
French bank BPCE acquires 75% of Portugal's Novo Banco from Lone Star in a €6.4B deal, marking one of Europe's largest banking transactions. Expected to close in 2026.