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Saudi Arabia’s Dar Al Arkan Signs Deal With Trump Brand for $4 Billion Project in Oman

Saudi Arabian real estate developer Dar Al Arkan announced that it had reached an agreement with former U.S. President Donald Trump's company to use the Trump Brand for a project that it plans to launch in Oman. The $4 billion project is a joint...

Norway’s Wealth Fund Sets Zero-Emission Goals For Holdings

Norway's wealth fund announced on Tuesday its decision to push its zero emissions goals. The world's largest wealth fund stated that it will be pushing companies in its investment portfolio to cut their greenhouse gas emissions to zero by 2050, thereby aligning with the...

ByteDance Offers To Buy Back $3 Billion In Shares Following IPO Stall

Tech giant ByteDance is offering to buy back $3 billion in its own stocks from investors following news that the Chinese company's initial public offering has stalled. The plan, which gives investors an exit opportunity, was announced via email on Friday. In accordance with its...

Bolt Scraps $1.5 Billion Purchase of Crypto Company Wyre

Bolt Financial Inc announced on Friday its decision to call off the $1.5 billion acquisition of cryptocurrency infrastructure provider Wyre Payments Inc. The online checkout company cited the plunging valuations of crypto and finance businesses as the driver for the abandonment of this decision. Following...

Walmart Moves to Purchase Remaining Stake in Massmart

South African retail group Massmart confirmed that Walmart has made an offer of 6.4 billion ($373 million) to purchase the 47% stake in the company that it does not yet own. Furthermore, the U.S. retail giant intends to delist Massmart from the Johannesburg Stock...

RedBird Capital and Yankees Owners Team Up to Purchase Italian Soccer Team AC Milan

U.S. investment firm RedBird Capital announced in a statement on Wednesday that it has partnered with Yankee Global Enterprises to purchase Italian soccer team AC Milan. Together with the owners of the New York Yankees baseball team, RedBird Capital was able to come up...