Mergers & Acquisitions
Estee Lauder acquires Tom Ford for $2.8 billion
Cosmetics giant Estée Lauder is acquiring the Tom Ford brand for $2.8 billion, the beauty company announced on Tuesday.
Under the stewardship of the Estee...
Cryptocurrency
Binance abandons FTX rescue mission
Just 24 hours after announcing a tentative agreement, the cryptocurrency exchange Binance has withdrawn from a plan to buy rival digital currency business FTX,...
Twitter
7 Changes as Elon Musk Lords Over Twitter
It’s been only a week since tech billionaire Elon Musk took over Twitter but the world’s richest man set in motion some major changes...
Global News
Adidas Drops Partnership with Kanye West
Footwear giant Adidas has dropped rapper Kanye West, after coming under pressure to do so in the aftermath of the rapper's antisemitic remarks.
The severed...
Meta Platforms
Meta Forced to Sell Giphy After Losing UK Antitrust Battle
Facebook parent company Meta has agreed to sell animated-graphics provider Giphy after the U.K.’s Competition and Markets Authority upheld its earlier ruling that the...
Banking
World Bank: Global Anti-poverty Targets Face Disappointing Setbacks
The world is unlikely to achieve its objective of eradicating extreme poverty by 2030 absent history-defying rates of economic growth over the remainder of...