Alibaba Group Holding Ltd. has scrapped plans for the initial public offering (IPO) of its Cainiao logistics arm in Hong Kong, putting a halt to a deal worth over $1 billion in a surprising move that reflects its new strategy ...
The Port of Baltimore currently closed due to the collapse of the Francis Scott Key Bridge, is a crucial hub for energy trade, albeit not in the clean energy sector that the Biden administration promotes. Instead, it’s a significant gateway ...
Originally established in Detroit as a charter air company during the 1960s, Spirit Airlines (SAVE) has since evolved into a major player in the market, specializing in low-cost flights to popular vacation spots. In 1999, the airline relocated its headquarters ...
The Mega Millions jackpot finally found a winner in Tuesday night’s drawing, which boasted an estimated prize of $1.13 billion after 30 consecutive drawings without a winner. The winning numbers for Tuesday night’s draw were: 7, 11, 22, 29, 38, ...
Republican donors largely distanced themselves from Ron DeSantis as his presidential campaign faced challenges last summer, prompting his team to seek support from donors with ties to Florida. CDR Enterprises, a contractor involved in the state’s COVID-19 response, donated $1 ...
U.S. business leaders convened with Chinese President Xi Jinping on Wednesday, marking Beijing’s continued efforts to attract foreign investment amid strained relations with the U.S. Among the attendees were prominent figures such as Stephen Schwarzman of Blackstone, Cristiano Amon of ...
The Tennessee Senate Judiciary Committee narrowly voted against a contentious proposal on Tuesday that sought to permit concealed carry permit holders to carry guns into businesses without the property owners’ consent. Senate Bill 2180, championed by Sen. Joey Hensley, R-Hohenwald, ...
Unilever, a renowned entity in Dutch business annals, serves as both a symbol of past glories and a barometer for the future trajectory of what was once the most liberal economy in continental Europe. Having relocated its Dutch headquarters to ...
In 1832, Prussian general and military theorist Carl von Clausewitz introduced the concept of the “fog of war,” illustrating the uncertainty and confusion inherent in military conflicts. Today, this expression serves as a fitting metaphor for the tumultuous landscape within ...
Siemens AG has entered into an agreement to acquire ebm-papst’s industrial drive technology (IDT) business, which boasts approximately 650 employees. This business encompasses intelligent, integrated mechatronic systems within the protective extra-low voltage range and innovative motion control systems, notably utilized ...