Iran: British embassy reopens in Tehran
After a four-year closure, the “British embassy”:https://www.gov.uk/foreign-travel-advice/iran has reopened in Tehran. Philip Hammond became just the second UK Foreign Secretary to visit Iran… source
Walmart may launch IPO for Flipkart in as early as four years
MUMBAI (Reuters) – Walmart Inc (WMT.N) said on Saturday in a filing with a U.S. regulator that it may take India’s Flipkart public in as early as four years, detailing…
Britain’s EU future in the balance as crunch summit continues
No one thought it was going to be easy. But a deal on new membership terms to help keep Britain in the EU is proving more difficult and time-consuming than…
Health charity Wellcome pledges funds, calls for rapid response to Ebola in Congo
(Reuters) – Britain’s Wellcome Trust global health charity called for a rapid response to an outbreak of Ebola in the Democratic Republic of Congo (DRC) and has pledged 2 million…
Silver Lake to buy Zoopla and PrimeLocation for $3 billion
(Reuters) – Silver Lake Management Company has agreed to acquire ZPG plc (ZPG.L), the owner of British property websites Zoopla and PrimeLocation, for 2.2 billion pounds ($3 billion). Football –…
Goldman Sachs, Apple to launch joint credit card: WSJ
(Reuters) – Goldman Sachs (GS.N) and Apple Inc (AAPL.O) are preparing to launch a joint credit card, the Wall Street Journal reported here on Thursday. The Goldman Sachs company logo…
Toys’R’Us faces more closures
American retail giant, Toys’R’Us has announced store closures in the US over the coming months on top of those in the UK over the next six weeks. Other global locations…
Walmart to buy controlling stake in India’s Flipkart for $16 bln
MUMBAI/NEW YORK (Reuters) – Walmart Inc (WMT.N) will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer’s largest-ever deal, in an attempt…
Vodafone challenges Deutsche Telekom with $21.8 billion Liberty deal
LONDON (Reuters) – Vodafone (VOD.L) has agreed to pay $21.8 billion to buy Liberty Global’s (LBTYA.O) assets in Germany and eastern Europe to take the fight to rivals with a…
Exclusive: Hudson’s Bay seeks to revive Lord & Taylor’s fortunes
(Reuters) – Hudson’s Bay Co (HBC.TO) is working with investment bankers and consultants to identify deals and new measures to turn around its Lord & Taylor department store chain, once…