Blackstone Inc. of the U.S. intends to invest roughly $500 billion in Europe over the upcoming decade, according to Chief Executive Officer Steve Schwarzman in an interview with Bloomberg TV. “We perceive significant opportunities for ourselves here,” he stated. “Europe is beginning to adjust its strategy, and we believe the outcome will be enhanced economic growth.” Several other prominent...

Crane Co., a manufacturer of industrial products in the US, has reached an agreement to purchase the sensor technology division of Baker Hughes Co. for $1.15 billion. Crane stated that the acquisition of Precision Sensors & Instrumentation (PSI) will be cash-based, and its worth includes an anticipated tax advantage of approximately $90 million.  The deal is set to finalize in late...

Swiss bank UBS Group AG must set aside extra capital of up to $26bn as per the banking reform proposed by the nation's government. This figure surpasses earlier projections and could worsen the relationship between the bank and the government, according to Bloomberg. Previously, the agency wrote that UBS is contemplating relocating its headquarters from Switzerland if the authorities in the...

The UK fintech firm Wise has revealed plans to transition to a dual listing. Wise stated in its annual report that the main listing will shift to the US from the London Stock Exchange (LSE), where the company will maintain a secondary listing.  “This will enable Wise's shares to be traded on both the US stock market and the LSE, which will draw in new investors and enhance liquidity,” the...

Apple Inc. has lodged an appeal with the European Court of General Jurisdiction challenging the European Commission's directive to enhance the compatibility of its iOS operating system with rival products, according to The Wall Street Journal. At the end of March, the European Commission mandated that Apple guarantees device compatibility for iOS with other companies' products, such as...

The UK government has fully divested its holdings in NatWest Bank (previously Royal Bank of Scotland), according to the Financial Times. Earlier this month, the state's share has already dropped below 1%. In December 2023, it stood at 38%. The Royal Bank of Scotland, among the largest banks in the nation, was taken into public ownership following the financial crisis of 2008. Taxpayer funds...

Dell Technologies reduced net income by 3% in the first quarter of fiscal 2026 while boosting revenue by 5% and provided a positive outlook for the ongoing quarter. In a press release, the company reported that its net income for the quarter ending May 2 was $965 million, down from $992 million in the same period of the prior fiscal year. Earnings per share remained the same at $1.37. Profits,...

Boeing Co. will restart aircraft deliveries to China in the upcoming month, stated the company’s chief executive officer Kelly Ortberg during a Bernstein event on Thursday. Ortberg mentioned in April that shipments were stopped at the urging of Beijing. Reports indicated that Chinese officials instructed local airlines to cease accepting Boeing aircraft because of the trade conflict initiated...

The cosmetics manufacturer company e.l.f. Beauty has acquired the cosmetics brand Rhode, founded by model Hailey Bieber, for $1 billion, writes CNN. The acquisition of Rhode marked the biggest purchase for e.l.f. Beauty, prior to its $355 million acquisition of skincare brand Naturium in 2023. Bieber will stay at Rhode as the chief creative officer and head of innovation. As reported by CNN,...