IHC, hungry for deals, plans IPOs in healthcare and IT

Pure Health IPO raises over $1 billion, CEO says Targets tech unit IPO in Q3, with $1 billion in assets Mull Eyes International Energy Holding IPO Next Year Planning purchases this year and next year, seeking a large loan ABU DHABI, Nov 24 (Reuters) – International Holding Company (IHC.AD) plans to sell 20% of its … Read more

The Business Case for Practicing Law in Paradise

(Reuters) – Virtually every major law firm can boast offices in cities like New York, San Francisco and Washington, D.C. But what about places off the beaten path, especially glamorous places like the Hamptons, Aspen or St. Thomas? As lawyers hesitantly return to the office after the COVID-19 pandemic, a perennial question about law firm … Read more

Exclusive: Toyota scrambles to restart EVs with eye on Tesla

Oct 24 (Reuters) – Toyota (7203.T) plans to restart its electric car strategy to better compete in a booming market it has been slow to break into and has halted some work on existing electric vehicle projects , four people with knowledge of the plans still in development said. The proposals under consideration, if passed, … Read more

Zuckerberg says WhatsApp’s business chat will drive sales sooner than the metaverse

Nov 17 (Reuters) – Meta Platforms Inc (META.O) chief executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger will drive the company’s next wave of sales growth as he seeks to allay concerns about Meta’s finances after its first mass layoffs. . Zuckerberg, answering pointed questions at a company-wide meeting a week after … Read more

HBR Consulting splits its legal advisory business with an investment in a private equity firm

Summary Companies Law firms Renovus Capital has acquired the consulting business of HBR Consulting HBR separates consulting from IT and managed services companies (Reuters) – HBR Consulting, which works with law firms and corporate legal departments, is splitting its core businesses into two entities as private equity firm Renovus Capital acquires part of the business, … Read more

Biden and Xi to meet ahead of G20, Musk addresses business forum by candlelight

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping will arrive on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of the tension-laden Group of 20 (G20) summit about Russia’s invasion of Ukraine. The two leaders are expected to discuss the nuclear ambitions of … Read more

GSK’s oncology business suffers another blow with Zejula setback

News follows setback for GSK’s blood cancer drug Blenrep Shares fall nearly 5% in afternoon trading Nov 11 (Reuters) – Britain’s GSK said on Friday it would limit the use of its ovarian cancer drug Zejula in the United States as a second treatment option to ward off cancer in patients whose tumors carry certain … Read more

Climate action is ‘good business’, says new UN climate chief

An overhaul of financial institutions is needed to generate climate cash COP27 signals a shift in direction to call out laggards Calls to tax fossil fuel profits to pay for climate action SHARM EL-SHEIKH, Egypt, November 9 (Thomson Reuters Foundation) – Rich countries – like poorer ones – stand to reap huge economic, social and … Read more

Analysis: Airlines are restarting as COVID sparks a revolution in one-day business travel

The most popular airline routes have changed since 2019 – OAG Higher airfare prices offset lower travel Environmental concerns a factor for some companies SYDNEY/CHICAGO, Nov 7 (Reuters) – Airlines around the world are wrecking schedules and introducing new flights to tackle a COVID-triggered trend in business travel for executives like Jerome Harris – cutting … Read more

China’s COVID lowers the exact broader business cost of Yum and electric vehicle maker Nio

SHANGHAI, Nov 2 (Reuters) – Chinese electric vehicle maker NIO has suspended production at its factories in the eastern city of Hefei as rising COVID-19 cases and China’s heavy-handed response to outbreaks weigh on increasingly burdensome on manufacturing and the economy. The impact was also felt in the central city of Zhengzhou, where the industrial … Read more