Browsing: corporate news
Argentina has temporarily halted Telecom’s acquisition of Telefonica’s local unit, citing regulatory concerns. The decision aims to ensure fair competition in the telecom sector amid ongoing scrutiny of large mergers in the industry.
Germany’s auto giant Audi has announced plans to cut 7,500 jobs from its workforce amid ongoing industry challenges. This decision highlights the company’s strategy to adapt to changing market dynamics and a shift towards electric vehicles.
The Commonwealth Bank of Australia has announced a new dividend distribution, signaling confidence in its financial stability. Investors can expect the payout to enhance returns, reflecting the bank’s robust performance amid a fluctuating market environment.
Telegram founder Pavel Durov has temporarily left France, according to an AFP report cited by Bloomberg. The reasons for his departure remain unclear, raising questions about the company’s future operations and Durov’s ongoing commitments in Europe.
Italy’s antitrust authority has granted conditional approval for Italgas’ acquisition of 2i Rete Gas, a significant move aimed at enhancing the country’s gas distribution network. The decision underscores ongoing efforts to promote competition in the energy sector.
Equinor is reportedly planning to sell its onshore assets in Argentina, according to local news sources. This move aligns with the company’s strategy to streamline operations and focus on core projects, reflecting a shift in its investment priorities in the region.