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Highlights: August 31, 2020 - September 4, 2020

Christian Fernsby ▼ | September 7, 2020
Stories that marked last week.
Business people
Nestle to acquire Aimmune Therapeutics for $2.6 billion

NestleNestle and Aimmune Therapeutics, Inc. have entered into a definitive agreement pursuant to which Nestle Health Science (NHSc) would acquire Aimmune. ...

Italy loses 70 per cent of foreign tourists in August

Italy touristsItaly failed to see the surge of tourists it had been hoping for in mid-August, Demoskopika institute chief Raffaele Rio said in an interview with Italian news agency ANSA....

Iran: $10 billion investments made in oil, petrochemical industries over past five months

Iran petrochemicalSome dlrs 10 billion investments have been made in oil and petrochemical industries over the past five months since the beginning of the current Iranian year (started on March 21, 2020), Oil Ministry said on Tuesday....

Moscow court rules in favor of MInBank seeking to recover $2.7 bln from its ex-managers

Moscow Industrial BankThe Moscow Commercial Court granted a claim of the Moscow Industrial Bank (MInBank) represented by Russia's Central Bank, which had sought to recover from 18 persons earlier controlling this credit organization 198.06 billion rubles (about $2.7 billion), according to the court materials, Russian Legal Information Agency (RAPSI) reports....

ADNOC and Apollo consortium enter into $5.5 billion real estate investment partnership

ADNOCThe Abu Dhabi National Oil Company, ADNOC, announced that it has entered into a long-term strategic investment with accounts and entities owned and/or advised by Apollo Global Management Inc. and its subsidiaries for an underlying real estate portfolio valued at US$5.5 billion....

Continental to save more than one billion euros per year, impact 30,000 jobs

ContinentalContinental goal is to achieve gross annual savings now totaling more than 1 billion euros from 2023 onwards....

Amtrak to furlough 2,000 workers

AmtrakAmtrak will furlough more than 2,000 workers as a result of the steep decline in travel demand....

United Airlines to cut 16,370 jobs

United AirlinesUnited Airlines is preparing to furlough 16,370 workers when federal aid expires....

Pennsylvania: Ball Corporation to create approximately 230 new jobs in Luzerne County

Pittston, Pennsylvania, in Luzerne CountyBall Corporation will create approximately 230 new, good paying full-time jobs at its new aluminum beverage packaging plant in Pittston, Pennsylvania, in Luzerne County....

Amazon to create further 10,000 jobs in UK in 2020

AmazonAmazon announced that 10,000 new permanent roles are being created across the UK in 2020, taking the company's total permanent UK workforce to more than 40,000....

Kimberly-Clark to acquire Softex Indonesia for $1.2 billion

Softex IndonesiaKimberly-ClarkKimberly-Clark Corporation has entered into a definitive agreement to acquire Softex Indonesia in an all-cash transaction for approximately $1.2 billion from a group of shareholders including CVC Capital Partners Asia Pacific IV....


 

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