The Abu Dhabi National Oil Company (Adnoc) has agreed to purchase German petrochemical firm Covestro for $13 billion. This deal marks one of Europe’s largest acquisitions in 2024. Adnoc will launch a public offer for Covestro shares, paying €62 per share. The offer represents a 21% premium over Covestro’s closing price on June 23, before […]
Related Posts
Tensions rise as Niger’s citizens resist possible regional intervention
Weeks after rebel soldiers’ unexpected overthrow of Niger’s democratically elected president, the nation braces for potential military intervention from neighboring states. This comes as the West African regional bloc, ECOWAS, intensifies its stance against the junta for not restoring the displaced President Mohamed Bazoum to power. Residents of Niamey, the nation’s capital, are echoing a […]
Escalating crisis in Sudan: 42% of population suffers severe hunger amid ongoing conflict
Over 20 million individuals in Sudan are grappling with a dire food shortage, as conflicts in the nation persist. This distressing update was provided by the United Nations World Food Programme (WFP) and the Food and Agriculture Organization (FAO). The humanitarian situation in Sudan has worsened in the four months since the onset of military […]
Big Tech’s A.I. Dominance: Amazon-Anthropic Deal Approved, Others Under Review
The UK’s Competition and Markets Authority (CMA) has approved Amazon’s $4 billion investment in Anthropic. This marks a significant development in the scrutiny of big tech’s involvement in artificial intelligence. This decision comes as regulators worldwide grapple with Silicon Valley’s growing influence on the nascent AI industry. Amazon’s partnership with Anthropic, including substantial investments and […]