International Companies
CMA clears Microsoft acquisition of Inflection AI assets
The Competition and Markets Authority (CMA) has approved Microsoft's acquisition of key personnel and intellectual property from Inflection AI, it announced on Wednesday, determining that the deal does not significantly impact competition in the artificial intelligence (AI) market.
Nordstrom gets $23 a share buyout proposal from family founders, Liverpool
Nordstrom confirmed on Wednesday that it has received a buyout proposal from members of the Nordstrom family and Mexican retailer El Puerto de Liverpool (Liverpool) at $23 per share.
Cathay Pacific inspects all A350 jets after engine issue
Hong Kong's flag carrier was planning to axe an additional 10 return flights on Wednesday, following the discovery on Monday of a technical issue with a component of the Rolls-Royce manufactured engine of one of its A350 jets.
Volkswagen no longer ruling out plant closures, scraps job security agreement
German automotive giant Volkswagen warned on Monday that it would no longer be able to rule out plant closures across the country amid major cost-cutting efforts to "future-proof" the firm.
HPE to pursue up to $4bn from Mike Lynch estate - reports
Hewlett Packard Enterprise (HPE) will continue its pursuit of up to $4bn in damages from the estate of the late Autonomy founder Mike Lynch, it emerged on Monday, despite his recent death.