UBS Agrees To Buy Credit Suisse For More Than $2 Billion
Credit Suisse has accepted a takeover offer of over $2 billion by UBS, in a historic government-brokered rescue deal.
Elon Musk Officially Buys Twitter in a $44 Billion Deal
Elon Musk has officially bought Twitter, sharing a message on the social media platform captioned, "Dear Twitter Advertisers." In the tweet he pointed out the purpose of his acquirement. "The reason I acquired Twitter is because it is important to the...
Mayor of London Urges Deal With Greece on the Parthenon Marbles
The mayor of London called on the British Museum, UK government, and Greek government to “make progress” on a deal for the sharing of the Parthenon Marbles. “I’d really encourage the British Museum, the British government and the government of...
London and Brussels Finally Reach Agreement on Brexit; Crucial Vote on Saturday
The United Kingdom and the European Union finally reached a deal on Thursday regarding the terms on which the UK will leave the EU on October 31. The two sides were able to reach a compromise on the crucial issue...
UK to Pay €1.1 Million to Greek Cypriots Over Human Rights Abuses
The U.K. government announced on Wednesday that it reached a settlement over claims made by 33 EOKA veterans who were tortured while in detention during the 1955-1959 Cypriot struggle for liberation. The ''full and final'' out-of-court settlement was reached between...
Greek Competition Authority Approves Sklavenitis-Marinopoulos Deal
Greece's competition authority on Thursday approved the acquisition of Marinopoulos’ supermarket stores by Sklavenitis, under conditions known to the public for the last two weeks. As a precondition for approving the deal, the authority required Sklavenitis Group to implement...
Athens Court Gives Green Light to Marinopoulos' Merger Plan
An Athens Court of First Instance has issued a decision approving a merger plan for Marinopoulos SA. The decision gives a green light to the takeover of Marinopoulos by Sklavenitis Group. February 14 is the final date for completing the...
Greek PM Tsipras Sends Leter Accepting Creditors Terms with Five Revisions
Greek Prime Minister Alexis Tsipras sent a letter late on Tuesday night ready to accept the conditions of a bailout proposed by Greece's creditors, according to the Financial Times. The letter indicated that Greece will accept all its bailout creditors’ terms,...
Varoufakis: Concessions to Reach Deal, Lenders Push Us to the Limits
Greece will make concessions in order to reach an intermediate deal that would increase liquidity now, and then come up with a comprehensive list of reforms for a final deal in June, Finance Minister Yanis Varoufakis said. "We are putting...