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Asia & Pacific 2 years ago
Thailand aims swapping Chinese submarine with frigate after troubled deal
Thailand has already paid a 7 billion baht ($193.7 million) instalment to China for the purchase of one of three Yuan Class S26T submarines with German-made diesel engines, but the deal was delayed when Germany forbade the use of its engines for Chinese military exports.
Markets 2 years ago
Global M&A activity plunges in Q2 but dealmakers see green shoots
Global mergers and acquisitions (M&A) activity fell 36 percent year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market's recovery will gradually restore chief executives' dealmaking confidence.
Europe 3 years ago
Ukraine's Black Sea ports to reopen under deal to be signed today
Ukraine and Russia, both among the world's biggest exporters of food, did not immediately confirm Thursday's announcement by the office of the Turkish presidency. But in a late night video address Ukrainian President Volodymyr Zelensky hinted his country's Black Sea ports could soon be unblocked.
Science & Tech 3 years ago
Elon Musk puts on hold $44-billion deal for Twitter
Shares of the social media company fell 17.7 percent to $37.10 in premarket trading, their lowest level since Musk disclosed his stake in the company in early April and subsequently made a "best and final" offer to take it private for $54.20 per share.
