Deal Financial News

Bloomberg. However, no time or venue has been announced by either side for the summit. Some media reports suggested that Putin may soon visit the Vostochny Cosmodrome space center in the Amur region, fueling speculation this could be the summit site.

Fast-food workers in California are poised to get a $20 minimum wage next year under a deal announced Monday between labor unions and the restaurant industry, potentially killing a multimillion-dollar referendum that was slated to go on the state’s November 2024 ballot. Under the deal, state fast-food workers at chains with at least 60 national locations must be paid an hourly wage of $20 as of April 2024. California’s minimum wage is currently set at $15.50, and is poised to rise to $16 an hour in January.

By Lisa Baertlein and Priyamvada C

₹2,000 crore. Interestingly, ‘deal value’ would also include the value of any investment in the target by any acquirer group entity in the last two years. The need to introduce new-age merger thresholds (alongside more traditional turnover-based thresholds) assumed significance after Facebook’s acquisition of WhatsApp escaped antitrust scrutiny despite its deal value being $19 billion.

MONTREAL — Passengers aren’t the only ones feeling cramped these days.

Disney Star has collaborated with digital storytelling platform Pratilipi for a first-of-its-kind multi-series content deal that will allow the former to develop multiple new fiction television shows adapted from stories available on the latter's platform. The content produced as part of the association would be broadcast across languages on Disney Star’s TV and digital platforms. This will be the first time a TV series will be adapted and developed on an online self-publishing and audiobook platform. Stories on Pratilipi have an extensive readership and listener base that extends up to 15 million subscribers.

₹135-142 apiece, which is at a sharp discount to the price at which the company had issued shares to one of its promoters last year. Yatra Online had sold shares worth ₹62.01 crore by way of a rights issue to THCL Travel Holding Cyprus Ltd., a promoter, as a pre-IPO placement on 10 December 2022 at an issue price of ₹236 apiece, the company said in a statement. Nasdaq-listed Yatra Online, Inc., founded by Dhruv Shringi, is the parent company of Yatra Online Ltd.

Infosys has announced a multi-year digital transformation deal with Denmark-based STARK Group, a business-to-business (B2B) distributor of building materials. The transformation will also involve leveraging Infosys' artificial intelligence (AI) suite of services Topaz. The size and tenure of the deal was not publicly disclosed. As part of this collaboration, Infosys and STARK Group will establish a data centre in Denmark, which will serve as the foundation to drive tech advancements in the collaboration and provide services to STARK Group’s offices across Europe.

Packaging companies Smurfit Kappa (OTC:SMFKY) and WestRock (NYSE:WRK) have agreed to merge, creating the world's largest listed paper and packaging company valued at nearly $20 billion.

Media and entertainment company Disney Star has partnered with Pratilipi, an online self-publishing and audiobook portal for a multi-series content deal. This association allows Disney Star to develop multiple new fiction television shows adapted from stories available on Pratilipi, intended to be broadcast across languages on Disney Star’s TV and digital platforms, the two companies said in a statement.

Investing.com -- U.S. stock futures decline after a spike in Tesla's (NASDAQ:TSLA) shares bolsters equities on Monday, as traders look ahead to the release of major economic data later in the week. Elsewhere, British chip designer Arm will reportedly stop taking orders for its much-anticipated initial public offering a day early due to solid investor demand, while Disney and Charter Communications reach a distribution deal to end a TV blackout that threatened to leave millions of households unable to tune in to the first «Monday Night Football» game of the season.

Everton Football Club is close to an agreement to be acquired by 777 Partners following months of talks between the parties, according to a person with knowledge of the matter.

Joe Biden's administration over its decision of prisoner swap with Iran. The US cleared the way for $6 billion in proceeds to be returned to Iran and agreed to release five Iranians as a part of a secretly negotiated deal. The deal will clear the way for five American citizens detained in Iran to return home, according to a report published by Bloomberg. Secretary of State Antony Blinken notified Congress on Monday of a waiver that will let German, Irish, Qatari, South Korean, and Swiss banks transfer the $6 billion from South Korea without fear of running afoul of US sanctions.

Joe Biden’s administration has moved to free five American citizens who were detained in Iran by issuing a waiver for the international banks to transfer $6 billion in frozen Iranian money, from South Korea to Qatar without the fear of American sanctions. Moreover, as part of the Iran-US prisoner exchange deal, the Biden administration has agreed to release five Iranian citizens who were held in the US. According to The Associated Press, the US Secretary of State Antony Blnken signed off on the sanctions waivers late last week after US and Iranian officials said that the agreement was in place in principle.

Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J

Most fast food workers in California would get a raise next year under a new bill in the state Legislature

French President Emmanuel Macron witnessed the signature of a deal to facilitate loans to Bangladesh aimed at infrastructure development, as well as a letter of intent to provide the South Asian country with an earth observation satellite system

NEW DELHI : A global tax convention to tackle aggressive tax avoidance by the top 100 multinational corporations, especially tech giants, is likely to be signed by as many as 138 countries by the end of the year for implementation in 2025, David Bradbury, deputy director of the Organisation for Economic Cooperation and Development’s (OECD) Centre for Tax Policy and Administration said.8 [email protected] A separate but related framework for individual countries to enforce a 15% minimum global corporate tax rate is also being given finishing touches, he said in an interview after discussions on the subject by G20 leaders on Saturday. Bradbury, who was in New Delhi for the summit, said that the two elements of the proposed tax reform--pillar one which gives taxation rights to countries like India where people consume services of MNCs incorporated abroad, and pillar two prescribing a global minimum corporate tax rate--could come as separate measures. Edited excerpts: G20 leaders have said significant progress has been achieved on global tax reform. What is the status now? What we reported to the G20 leaders on Saturday is that a significant milestone has been reached by the inclusive framework on Base Erosion and Profit Shifting (BEPS, or the global initiative to tackle MNC tax avoidance).

By Dawn Chmielewski

Qualcomm reached a three-year deal with Apple to supply the iPhone maker with 5G communications chips, the latest sign that Apple’s effort to make them in-house has yet to bear fruit. Qualcomm said Monday it would supply Apple with the modem chips for smartphone launches in 2024, 2025 and 2026, in a deal with terms similar to a previous arrangement between the companies. Past supply deals have been lucrative for Qualcomm and expensive for Apple.

(Reuters) -Financial advisor Cetera Financial Group will take wealth management solutions provider Avantax private after agreeing to acquire all of its issued and outstanding equity in an all-cash deal, valuing it at about $1.2 billion including net debt, the companies said on Monday.