Amazon calls off bid to buy robot vacuum cleaner iRobot amid scrutiny in the US and Europe
By The Associated Press on January 29th, 2024
LONDON (AP) – Amazon on Monday called off its proposed acquisition of iRobot, which was facing antitrust scrutiny on both sides of the Atlantic, with the ecommerce giant blaming “undue and disproportionate regulatory hurdles.” The companies said in joint statement that they “entered into a mutual agreement to terminate their announced acquisition agreement.” “We’re disappointed ... Read More »
Be the first to comment!Gildan Activewear sets May 28 for shareholder meeting after Browning West request
By The Canadian Press on January 29th, 2024
MONTREAL – Gildan Activewear Inc. has set May 28 for a shareholder meeting following a request by U.S. investor Browning West which is seeking to replace a majority of the company’s board of directors and bring back founder Glenn Chamandy as chief executive. The Montreal-based clothing manufacturer also says it will challenge the validity of ... Read More »
Be the first to comment!Drought in Western Canada impacting hydropower production as reservoirs run low
By Amanda Stephenson, The Canadian Press on January 29th, 2024
Two hydro-rich provinces are being forced to import power from other jurisdictions due to severe drought in Western Canada. Both B.C. and Manitoba, where the vast majority of power is hydroelectric, are experiencing low reservoir levels that have negatively affected electricity production this fall and winter. There’s no risk in either province of the lights ... Read More »
Be the first to comment!China Evergrande has been ordered to liquidate. The real estate giant owes over $300 billion
By Kanis Leung And Zen Soo, The Associated Press on January 29th, 2024
HONG KONG (AP) – A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden. Judge Linda Chan said Monday it was appropriate for the court to ... Read More »
Be the first to comment!Hong Kong court orders property firm China Evergrande to liquidate after plan for $300B debt fails
By Kanis Leung And Zen Soo, The Associated Press on January 28th, 2024
HONG KONG (AP) – A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden. China Evergrande Group is one of the biggest of a series of ... Read More »
Be the first to comment!Court orders China Evergrande property developer to liquidate after it failed to reach debt deal
By Kanis Leung And Zen Soo, The Associated Press on January 28th, 2024
HONG KONG (AP) – A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part ... Read More »
Be the first to comment!Ex-Prime Minister Alexander Stubb wins first round of Finland’s presidential vote to set up a runoff
By Jari Tanner, The Associated Press on January 28th, 2024
HELSINKI (AP) – Former Prime Minister Alexander Stubb won the first round of Finland’s presidential election on Sunday and will face runner-up ex-Foreign Minister Pekka Haavisto in a runoff next month. The vote centered on the Nordic nation’s new role as a NATO front-line country with Russia, and the security situation in Europe. With 99.8% ... Read More »
Be the first to comment!Alexander Stubb wins first round of Finland’s presidential vote to set up a runoff, projection says
By Jari Tanner, The Associated Press on January 28th, 2024
HELSINKI (AP) – Ex-Prime Minister Alexander Stubb was projected to win the first round of Finland’s presidential election on Sunday and face runner-up Pekka Haavisto in a runoff next month. Finnish public broadcaster YLE projected that Stubb won the first round of the presidential election with 27.3% of the votes, while Haavisto, an ex-foreign minister, ... Read More »
Be the first to comment!French farmers aim to put Paris ‘under siege’ in tractor protest. Activists hurl soup at ‘Mona Lisa’
By Sylvie Corbet, The Associated Press on January 28th, 2024
PARIS (AP) – France’s interior ministry on Sunday ordered a large deployment of security forces around Paris as angry farmers threatened to head toward the capital, hours after climate activists hurled soup at the glass protecting the “Mona Lisa” painting at the Louvre Museum. French farmers are putting pressure on the government to respond to ... Read More »
Be the first to comment!Mali, Niger and Burkina Faso withdraw from West Africa regional bloc ECOWAS as tensions deepen
By Chinedu Asadu, The Associated Press on January 28th, 2024
ABUJA, Nigeria (AP) – West African nations Mali, Burkina Faso and Niger have withdrawn from the regional economic bloc known as ECOWAS, their respective juntas announced Sunday, accusing the bloc of “inhumane” sanctions to reverse the coups in their nations. The juntas said in a joint statement read out on state television in all three ... Read More »
Be the first to comment!Mali, Niger and Burkina Faso withdraw from West Africa’s regional bloc as tensions deepen
By Chinedu Asadu, The Associated Press on January 28th, 2024
ABUJA, Nigeria (AP) – Three West African nations of Mali, Burkina Faso and Niger have withdrawn from the regional economic bloc known as ECOWAS, their respective juntas announced Sunday, accusing the bloc of “inhumane” sanctions to reverse the coups in their nations. The juntas said in a joint statement read on state television that they ... Read More »
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