Low-cost Norwegian airline Norwegian Air has taken the decision to appoint Chief Financial Officer Geir Karlsen as the company's new Chief Executive Officer, the company announced on Monday. The board of directors voted Karlsen into his new position on June 20th.
The vote took place after existing CEO Jacob Schram...
In a deal worth approximately 1.1 billion euros ($1.3 billion), French retail corporation Carrefour SA has agreed to purchase Walmart Inc.’s entire Brazil division. Following two failed takeover bids, this acquisition is expected to propel Carrefour to the top as France's largest supermarket operator.
“Our group is on the offensive,”...
ExxonMobil, one of the largest publicly traded oil and gas companies in the world, is looking to expand its energy empire. According to a recent report by Bloomberg, ExxonMobil is exploring the possibility of acquiring Plano, Texas-based oil producer Denbury.
Reportedly, ExxonMobil has already entered the talks with Denbury, but...
As a result of a heavily failing economy, the Venezuelan government has decided to move to a fully digitized economy. With U.S. sanctions and collapsing oil revenues plaguing the country, hyperinflation has practically made the bolivar banknotes worthless. What’s more, the U.S. dollar is being used on an increasing...
With the European Union desperate to speed up vaccinations across the continent in an effort to combat the coronavirus pandemic, Germany is considering backing local vaccine producer IDT Biologika by expediting approval for its vaccine production. The manufacturer, based Dessau-Rosslau in eastern Germany, is looking to produce the Russian...
On Wednesday, the Federal Reserve shared minutes from the July meeting of its Federal Open Market Committee. The minutes show that most officials expressed willingness to make a rate cut in September if the inflation data continues to be favorable.
According to the summary, “the vast majority observed that, if...
Online food delivery company Deliveroo reported that its orders surged by 88% during the June quarter, thereby exceeding all previous forecasts for its annual profit margins. Since making its London Stock Exchange debut in March, Deliveroo is expecting to reach an annual gross transaction value (value paid by customers...