On April 30, the European Year of Skills comes to an end. Looking back, what stood out most to me is the collective ambition this year inspired across Europe. From policymakers to enterprises, from educational institutions to individuals, there was a united push toward enhancing skills for a future-ready workforce. Looking ahead, the challenge and … Read more
The TGI Fridays logo is seen on one of its restaurants in London, U.K., on May 27, 2020. John Lamparski | Lightrocket | Getty Images TGI Fridays and Hostmore, the chain’s U.K. franchisee, announced plans to merge on Tuesday. The all-share deal is valued at 177 million pounds, or $220 million. If it closes, TGI … Read more
Lightspeed Commerce is cutting about 280 jobs, less than two months after its founder returned to the helm of the Montreal-based technology company. After integrating the company’s many acquisitions, “Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front of us,” said founder and chief executive Dax Dasilva. … Read more
Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company’s newly-appointed CEO Margherita Della Valle. Paul Hanna | Bloomberg | Getty Images The U.K.’s Competition and Markets Authority on Friday said Vodafone’s proposed merger with rival CK Hutchison will face an in-depth probe, unless the two mobile operators provide … Read more
Soaring freight rates and low taxes on shipping mean that CMA CGM is swimming in cash. Between 2020 and 2023, the group raked in €45 billion in profit, convincing the family-owned company to diversify into media. Saadé snapped up business newspaper La Tribune last year and Marseille paper La Provence in 2022. He also holds … Read more
“I believe in applications and those that can commercialise immediately,” said Zhu, who indicated that he did not invest in any LLM-focused company on the mainland last year. Sample code for an artificial intelligence large language model. Photo: Shutterstock Li pointed out that there were too many LLMs being introduced in mainland China, “but too … Read more
This article originally appeared on Business Insider. Corporate dealmaking is staging an epic comeback this year. This week alone, Capital One agreed to acquire Discover for $35 billion, Truist Financial announced a $15.5 billion sale of its insurance arm, and Walmart shook hands to buy TV maker Vizio for $2.3 billion. The trio of transactions, … Read more
The Etsy Sellers Market in Times Square celebrating Etsy’s celebration of its initial public offering at Nasdaq in New York City on April 16, 2015. Paul Zimmerman | Getty Images Activist investor Elliott Management has a “sizable” investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the company’s … Read more
Finnish telecoms equipment giant Nokia has found new buyers for its majority stake in a Beijing-based joint venture with Huawei Technologies, after a proposed deal fell through last year following strong protest by the Chinese partner. Under the latest agreement, wireless technology firm TD Tech will be jointly controlled by Huawei and a group of … Read more
The United Kingdom is grappling with a notable downturn in mergers and acquisitions (M&A) activity, recording a 33 per cent decline and reaching its lowest point since the aftermath of the 2008 financial crisis. The decline can be attributed to escalating interest rates and apprehensions regarding the economic outlook in Britain, which have dampened the … Read more
