Hot M&A catch-up this week: FTX, Peabody, IBEX
In a rapid reversal, Binance said Wednesday that it would not buy FTX after having announced a rescue offer for the second-largest cryptocurrency exchange a day earlier. Binance said its hope had been supporting customers of the collapsing exchange in order to provide liquidity, but said the issues were...
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M&A-hungry Rhenus – ‘now we’re really global’ – aims to triple in size
Rhenus Logistics has just three years to almost triple in size – that is, admittedly, a target set for itself, but it means next year the market is likely to see some M&A activity. This year, the privately owned forwarder expects some 360,000 teu to pass through its hands, which...
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Xi Biden meeting: US leader promises ‘no new Cold War’ with China
US President Joe Biden has promised there will be no “new Cold War” with China, following a conciliatory meeting with Chinese President Xi Jinping. He also said he did not believe China would invade Taiwan. It was the first in-person meeting between the two superpower leaders since Mr Biden took office. The...
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Trump mounts anti-McConnell campaign as conservatives seek delay in leadership elections
Former President Donald Trump is calling up his allies in the Senate, GOP sources tell CNN, and making a suggestion as he seeks to divert blame for – Republicans’ lackluster midterm performance: Take aim at Mitch McConnell. Trump, who is facing a round of sharp criticism from inside his own party...
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G20 leaders to agree draft communiqué rejecting ‘era of war’
World leaders will state that today’s era “must not be of war” and will condemn threats to use nuclear weapons at the G20 summit in Bali, reflecting rising global anxiety around Russia’s war against Ukraine. A draft communiqué agreed by diplomats, seen by the Financial Times and confirmed by two...
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Fragrance Innovation Summit: book your seat for December 1st
A new fragrance revolution is in the air! While many consumers worry about the future of the planet, the perfume industry cannot stand still. Several initiatives already give a glimpse of what the new age of perfumery could be like: Coty’s choice to use an alcohol made from “recycled”...
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Pioneering green graphene applications for a more sustainable future
The Graphene Flagship’s Jari Kinaret and Patrik Johansson discuss how emerging graphene applications can contribute to a more sustainable world. With the European Green Deal, the European Union has declared its commitment to addressing climate change and environmental degradation; however, the transition to a sustainable and resource-efficient economy will require...
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Home Cities Hyderabad Post-harvest tech lab becomes innovation hub
A conference of vice-chancellors of various horticultural and agricultural universities across the country was held in Hyderabad recently. The event focused on exploring ways to generate revenue from the institutions. The V-Cs were given examples of the College of Horticulture, Mojerla, and Sri Konda Laxman Telangana State Horticultural University;...
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World population to hit 8 billion people today
The world’s population is projected to reach 8 billion people on Tuesday, according to the UN estimates, which consider this a milestone in human development. The latest projections by the United Nations suggest that the global population could grow to around 8.5 billion in 2030, 9.7 billion in 2050 and...
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LIC far ahead of private peers, but has issues of its own
Mumbai: Life Insurance Corp of India (LIC)’s high cost structure, potential service gaps and declining market share in individual business are barriers the listed public sector behemoth needs to hurdle, although it enjoys public trust and scale private-sector rivals will struggle to match. Despite a 6% rise on Monday, the...
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