Billion dollar transaction Financial investor takes over snack bar Subway 08/24/2023, 7:45 p.m Since it was founded in 1965 in family ownership, the sandwich giant Subway has changed hands for the first time. After fast food restaurants like Dunkin’ and Buffalo Wings, he will be part of the investment company Roar Capital. The takeover is…
Expected proceeds of billions Chip designer Arm applies for IPO 8/22/2023 1:24 am The mega IPO had been expected for a long time: now the chip designer Arm has officially submitted its prospectus. However, there is still no information on the volume and price of the share placement. The chip designer Arm, whose technology is…
Subject to strict guidelines The world’s largest sovereign wealth fund rakes in many billions 08/16/2023, 09:16 am The Norwegian sovereign wealth fund has benefited from the weakness of the domestic currency since the beginning of the year. The return can be seen accordingly. The state fund thus compensates for the record loss from the previous…
Zoff about patents in court Curevac demands a share in Biontech billions 08/15/2023 5:29 p.m It’s about a lot of money: The vaccine developer Curevac accuses its successful competitor Biontech of having violated Curevac patents during vaccine production. Biontech denies that. Now the dispute ends up before the district court of Düsseldorf. In the race…
Foxconn, also known by its official name Hon Hai Precision Industry, is the world’s largest contract electronics manufacturer (AFP/Sam Yeh) Taiwanese tech giant Foxconn, a key supplier to Apple, said on Monday it saw an opportunity to invest “several billion dollars” in India, where the company is seeking to diversify its business. Foxconn – also…
The money is there Biden again wants billions from Congress for Kiev 08/10/2023, 11:35 p.m The United States is one of Ukraine’s most important allies in defending itself against the Russian invasion. Since the beginning of the war, 43 billion US dollars have already been made available or promised to Kiev. Now there should be…
“Only worth it if…” Economists raise concerns about TSMC billions 08/09/2023 03:55 am The chip manufacturer TSMC is building a plant in Dresden – the five billion euros in subsidies promised by the federal government are also decisive for the location decision. Not all economists agree that the money is well spent. The planned subsidy…
Billions for factory in Dresden Are the lavish TSMC subsidies worth it? 8/8/2023 4:29 p.m The chip manufacturer TSMC from Taiwan settles in Dresden. The deal is also made possible by high subsidies. In an interview, semiconductor expert Fintl explains whether the industry giant would have come to Germany without the financial support and how…
Billions in funding from the federal government Chip giant TSMC decides on factory in Dresden 08/07/2023 3:48 p.m A factory for the world’s largest chip contract manufacturer TSMC could soon be built in Dresden. This would bring the Taiwanese company closer to its European customers. The federal government wants to support the project with billions…
Manhunt by Interpol Iraq pursues billions in fraud by ex-finance minister 08/07/2023 01:07 am Over the past two years, billions of dollars have disappeared from an account held by the Iraqi Tax Commission. Dozens of people are said to be behind this “robbery of the century,” including the former finance minister. Curiously, the money is…
Ex-DFL boss: “Everything is so repugnant” Rettig has bitter fears about Saudi billions 08/05/2023 1:18 p.m Saudi Arabia is investing huge sums in stars this summer and Andreas Rettig sees football as a whole in jeopardy. “Dark times” will come to the fans, predicts the former DFL managing director, who does not take good care…
Rising interest rates and inflation Real estate giant Vonovia writes billions in losses 8/4/2023 8:53 am Germany’s housing giant Vonovia is already burdened with billions in debt. And then there is the market crisis. In the first half of the year, the minus in the valuation of real estate added up to around 6.4 billion…
