Global

Elliott has acquired 5% of Stada
Global

Elliott has acquired 5% of Stada

Elliott Management, an activist hedge fund is reported to have a major stake in Stada. According to sources familiar with the matter who spoke to Reuters, the move is part of a new twist to a takeover battle for the German generic drugs maker. The Elliott purchase comes at a […]

aviation

Ethiopian Airlines set to start flight to Kaduna

Ethiopia national carrier Ethiopian Airlines has finalized preparations to start scheduled thrice weekly services to Kaduna, Nigeria, from August 1st, 2017. Kaduna, located in north-western Nigeria, is a trade center and a major transportation hub for the surrounding agricultural areas with its rail and road junction. Group CEO Ethiopian Airlines, […]

Berkshire Hathaway Energy buys Oncor for USD9 billion
Global

Berkshire Hathaway Energy buys Oncor for USD9 billion

Warren Buffet’s Berkshire Hathaway Energy said it will acquire Oncor Electric Delivery Company LLC in a deal that puts Oncor’s equity value at about $11.25 billion. The company said it agreed to buy reorganized Energy Future Holdings Corp (EFH), Dallas-based Oncor’s bankrupt parent, for $9 billion in cash. The deal […]

Guess how much the global economy lost to flood in June?
Global

Guess how much the global economy lost to flood in June?

Latest data from Aon Benfield’s catastrophe model development team estimated that the global economy lost about USD5 billion to flood and other natural disasters. The report reveals that worldwide economic and insured losses during the month were once again largely driven by several major severe weather outbreaks in the United […]