International Companies
Inditex quarterly profits rise despite temporary closures
Retailer Zara's parent company Inditex reported improved quarterly profits on Wednesday despite taking a €216. 0m hit as a result of the temporary shuttering of its business in both Ukraine and Russia.
Kohl's in exclusive talks with Franchise Group over $8bn deal
Kohl’s confirmed on Tuesday that it is in exclusive negotiations with retail holding company Franchise Group (FRG) about a possible takeover that would value the US department store chain at around $8bn.
Elon Musk says Twitter in breach of $44bn takeover deal
Elon Musk accused Twitter of breaching his right to information and the merger agreement between the two, sending shares of the latter down further.
China to conclude Didi probe, lift ban on new users - report
Chinese regulators are reportedly concluding year-long probes into Chinese ride-hailing company Didi and two other US-listed tech firms, preparing as early as this week to lift a ban on their adding new users.