Entain boss says U.S. JV played role in sinking $22 bln DraftKings deal talks
Entain’s (ENT.L) U.S. online sportsbook venture BetMGM was one of the reasons why DraftKings’ (DKNG.O) $22 billion offer to buy the British sports betting and…
Category: Business
Infineon sees chip shortage extending into 2022 as quarterly revenue beats
German chipmaker Infineon (IFXGn.DE) expects the global semi-conductor shortage to remain well into 2022, it said as it posted a 10% rise in fourth-quarter revenue…
Chinese state firms ask regulators to adjust loan curbs for property deals
Some Chinese state-owned companies have told regulators to consider adjusting lending restrictions to property developers for borrowing related to mergers and acquisitions, Chinese media outlet…
Siemens Energy to pay dividend as cost discipline pays off
Siemens Energy (ENR1n.DE) proposed on Wednesday to pay a dividend on the back of a strong jump in cash flow driven by stricter cost discipline,…
GE energy spinoff aims to capture interest in renewables
General Electric Co’s (GE.N) plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if…
Wizz Air CEO says business class flying bad for environment
The boss of Hungarian budget airline Wizz Air (WIZZ.L) attacked the sustainability credentials of traditional airlines like Air France-KLM (AIRF.PA) and Lufthansa (LHAG.DE), saying business…
$4.3-billion class action against Google blocked by UK Supreme Court
The UK Supreme Court has blocked a planned 3.2 billion pound ($4.3 billion) British class action against Google (GOOGL.O) over allegations the internet giant unlawfully…