ABB to Acquire Rotork in $5.6 Billion Industrial Deal
Swiss engineering group ABB has agreed to acquire UK-based industrial equipment manufacturer Rotork in an all-cash deal valued at $5.6 billion (£4.1 billion), strengthening its…
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UK Government Nationalizes British Steel to Protect Jobs
The UK government has officially taken British Steel into public ownership in an effort to safeguard domestic steel production and protect around 4,000 jobs at…
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Fed Reaffirms Inflation Fight as Markets Eye July Rate Decision
Federal Reserve Chair Kevin Warsh said the U.S. central bank remains committed to returning inflation to its 2% target, stressing that policy decisions will continue…
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Rising Fuel Costs Put European Airlines at Risk of Restructuring
Higher fuel prices and renewed tensions in the Middle East are increasing financial pressure on weaker European airlines, raising the likelihood of restructurings, mergers, and…