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...The EU had now found against Mondelez and would issue a fine and an order for the company to end any anti-competitive practices, the people said....
...The company’s major backers include billionaire Jeff Yass’s Susquehanna International Group, Sequoia Capital and its Chinese split-off HongShan as well as Yuri Milner’s DST Global and SoftBank....
...Late on Friday, a New Jersey bankruptcy court ruled that the big pharma company could not pursue a bankruptcy deal with tens of thousands of consumers who claim its talc powder caused serious illness....
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
...Sales of electric vehicles will “grow strongly” this year and could see battery and hybrid models account for one in five cars sold worldwide, according to a bullish forecast from the International Energy...
...Airlines operating in the EU are subject to the world’s strictest environmental rules, as Brussels charges companies which pollute through its emissions trading scheme, and also plans to bring in a mandate...
...His quant trading firm Susquehanna International Group owns roughly 15 per cent of the company, and the stake represents a significant chunk of his net worth....
...But the company was ultimately unable to get permission to operate locally....
...When Oprah Winfrey announced in February that she would step down from the WW International board, shares in the company behind WeightWatchers dropped nearly 20 per cent, to their lowest point since it returned...
...This is a lucrative but often overlooked side business that should help to insulate the company against some of the aforementioned cyclical problems....
...In another Bank of England speech this week, Rebecca Jackson — the Bank’s executive director for Authorisations, Regulatory Technology & International Supervision — outlined how banks aren’t really set up...
...LTL, the unit created by J&J to house the talc claims, would again file for bankruptcy in order to facilitate the settlement, the company said....
...This represented a second attempt to resolve thousands of claims for the alleged carcinogenic properties of talc powder. The first case was dismissed earlier this year....
...The disposal of the retail unit, which has lower margins compared with its international car distribution arm, will help improve the group’s profitability....
...Since the US Supreme Court in 2018 struck down a federal law banning sports wagering, the US market has been seen as a new source of rapid growth, particularly for international betting companies that faced...
...“There is a shift in power among the top five companies, which will probably continue,” said Nabila Popal, research director at IDC....
...The company is eager to resolve the uncertainty regarding the talc claims before it spins off its consumer health division in coming months....
...London-based “turnaround investor” Aurelius stepped up, striking a deal to buy The Body Shop in a transaction valuing the company at £207mn....
...Production companies’ returns diminish as competition pushes returns back to the cost of capital. But some knowledge companies demonstrate increasing returns....
...If found guilty, companies face fines of up to 10 per cent of global turnover....
...Strong deals in Europe have added to the mood, with listings for the likes of German defence contractor Renk and Athens International Airport rising after their market debuts....
...The company has said its talc is asbestos free and had not caused cancers but argues that settling current and future claims in the bankruptcy system would be preferable to fighting talc claims in the courts...
...Then, GLP-1 anti-obesity drugs hit the market, long-time spokesperson and board member Oprah Winfrey announced her departure, and the company’s credit rating was downgraded....
...The International Energy Agency is out with its monthly oil report today with divergent views on demand from Opec....
...Two days later, the company got Chinese influencer Luo Yonghao to sell it via livestream....
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