TJX Cos said on Tuesday it had acquired a 25 per cent stake in Russian low-cost clothing retailer Familia for $225m, the first major M&A purchase in Russia by a western company since the US and EU sanctioned Moscow in 2014.
Boris Johnson’s government plans to wave through the acquisition of Cobham, the UK aerospace and defence supplier, by US buyout group Advent International on condition that the new owner strengthens security around sensitive sites and informs the Ministry of Defence of any plans to sell the business.
The Trump administration has granted an extension for US companies to do business with blacklisted Chinese telecoms group Huawei as regulators continue to hammer out rules on companies that pose national security risks and negotiators strive for progress in trade talks.
It has been called South Africa’s worst job next to President Cyril Ramaphosa’s, but Eskom, the country’s blackout-prone and near-bankrupt state power monopoly, has finally secured a new chief executive.
The leaders of the UK’s major political parties, Boris Johnson and Jeremy Corbyn, will face off in their first televised debate. It’s also another big week in the retail sector, as some of the industry’s biggest players in the US report earnings.
Tough new safety standards for tailings dams, including the appointment of a qualified and experienced engineer to check their safety, have been proposed by a group representing the world’s biggest miners as they seek to avoid any further disasters.
Signs of American shoppers curbing their spending emerged in the latest retail sales report, raising questions about the ability of one of the US economy’s brightest spots to keep sustaining the nation’s long-running expansion.