The Strategist
Companies & CEOs

Geely and Volvo set to merge businesses - 02/11/2020

Swedish Volvo Cars AB and its parent organization, the Chinese Geely Automobile Holdings, have begun to explore the possibility of combining businesses and creating a global group that will accelerate the financial and technological interaction of the two structures, according to Volvo’s press release. The combined company will have access to the global capital market through Hong Kong. Listing...

China warns France against excluding Huawei from 5G networks - 02/10/2020

China warned France against excluding Huawei Technologies Co. from 5G networks amid the US campaign against the Chinese technology giant, Bloomberg reports. On Sunday, the Chinese Embassy in Paris called on France to establish "transparent criteria and treat all companies equally." They warned that a difference in treatment depending on the country of origin of the company would be seen as...

Uber's ex-head invests in hotels for millennials - 02/10/2020

Uber founder and former CEO Travis Kalanick invested in a Habitas startup that raised $ 20 million to build hotels using 3D printing technology. The company creates hotels for millennials. Travis Kalanick (No. 298 in the ranking of the richest people in the world, with a fortune of $ 5.8 billion) became one of the investors of the Habitas startup. This company plans to expand its network of...

French Engie's board of directors to replace Executive Director - 02/07/2020

The board of directors of the French company Engie (formerly GdF Suez) decided not to renew the powers of the executive director Isabelle Kocher, expiring in May 2020. According to the company's press service, Engie needs a new leadership to become a leader in the energy and climate sectors. Jean-Pierre Clamadieu, Chairman of the Board of Directors, thanked Ms. Kocher "for her work at Engie over...

Disney expects losses due to coronavirus in China - 02/05/2020

The Walt Disney Company expects a loss of $ 175 million if its theme parks in Hong Kong and Shanghai stay closed for another two months, CNBC reported. The parks stopped work due to the outbreak of coronavirus in China. “The current closure of (parks) is taking place during the quarter, when we usually see high traffic and they are busy due to the Chinese New Year,” said Disney CFO Christine...

Citigroup suspends one of the most famous European traders for stealing food - 02/04/2020

Investment Bank Citigroup has suspended one of its most successful traders from work. A high-ranking official who allegedly received a seven-digit golden parachute was accused of stealing food from a corporate cafeteria, the Financial Times reported. Citigroup suspended one of the top traders from work, accusing him of stealing food from the dining room, sources told the Financial Times....

French Worldline to create Europe's largest payments provider - 02/04/2020

The French company Worldline will buy its competitor Ingenico to create the largest payment operator in Europe (the fourth largest in the world). As part of the transaction, Ingenico was valued at € 7.8 billion. Worldline, a French payment system operator, has agreed to purchase its rival, Ingenico, Reuters reports. The companies noted that the deal will create a payment operator, which will...

Nissan to focus on UK instead of EU - 02/03/2020

According to FT, the Japanese automaker has prepared a plan to concentrate on the British market, in case Brussels and London do not agree on duties. The plan involves abandonment of production activities in Spain and in France. Thus, the company will make a u-turn relative to previous plans, because in October last year Nissan warned that if an agreement was not reached between London and...

Marlboro manufacturer lowers Juul evaluation by more than three times - 01/31/2020

Cigarette maker Marlboro has written off more than $ 4 billion of its investment in Juul e-cigarette company. The value of Juul, which was one of the most expensive startups in Silicon Valley just a year ago, fell by more than three times. Tobacco giant Altria, which also produces cigarettes under the Marlboro brand, said that it wrote off $ 4.1 billion of its investments in electronic cigarette...

Royal Dutch Shell net profit falls by 32% in 2019 - 01/30/2020

The net profit of the Anglo-Dutch Royal Dutch Shell attributable to the shareholders of the company in 2019 decreased by 32.1% in annual terms and amounted to $15.843 billion, follows from the company's statements. In terms of one ordinary share, the company's diluted earnings for the reporting period amounted to $ 1.95 versus $ 2.8 for 2018. Royal Dutch Shell's total revenue fell 11.2% to $...
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