KKR, Global Infrastructure Partners to take CyrusOne private for $11.5 bln
KKR & Co Inc (KKR.N) and Global Infrastructure Partners (GIP) will take U.S. data center operator CyrusOne Inc (CONE.O) private for $11.49 billion in cash, the latest deal in a sector that has boomed during the COVID-19 pandemic.
‘Big Short’ Burry exits bearish bets on Tesla, Google
Fund manager Michael Burry of “The Big Short” fame exited bearish bets on Tesla Inc (TSLA.O), Alphabet Inc’s (GOOGL.O) Google, and fund manager Cathie Wood’s ARK Innovation fund (ARKK.P) last quarter, according to SEC filings released on Monday.
Explainer: China’s embattled developer Kaisa Group and the chairman behind it
After cash-strapped developer China Evergrande Group (3333.HK) once again averted a destabilising default this week, investor focus is shifting to other Chinese developers with offshore payments coming due, especially Kaisa Group (1638.HK).
EXCLUSIVE In strategy shift, Louis Vuitton considers first duty free store in China’s Hainan
Louis Vuitton is considering opening its first duty free store in China on the emerging luxury island hub of Hainan, according to two sources, in a move that would mark a new approach for the world’s largest luxury label.
Momentum grows for green hydrogen projects in Tasmania
Woodside Petroleum (WPL.AX) said on Friday it has acquired land for a proposed hydrogen plant in Tasmania, one of three proposed hydrogen projects the island state is promoting to take advantage of its abundant hydropower and wind power.
Toshiba set to announce split into three firms, shareholder reaction in focus
Japanese industrial conglomerate Toshiba Corp (6502.T) is set to outline plans on Friday to break up into three listed companies that will focus on infrastructure, devices and memory chips, sources with knowledge of the matter said.
Wizz Air CEO says business class flying bad for environment
The boss of Hungarian budget airline Wizz Air (WIZZ.L) attacked the sustainability credentials of traditional airlines like Air France-KLM (AIRF.PA) and Lufthansa (LHAG.DE), saying business class flying was bad for the environment.
EXCLUSIVE No takers for Malaysia’s 5G plan as major telcos balk over pricing, transparency
None of Malaysia’s major mobile carriers have agreed to use the government’s 5G network yet due to transparency and pricing issues, ahead of a rollout planned for next month, a state agency and industry executives said.
U.S. airlines and Amazon join push to reduce aircraft emissions
Major U.S. airlines and Amazon.com’s (AMZN.O) aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.
Analysis: Valuing Argentina’s peso: It could cost the Peronists an election
Argentina’s embattled currency could cost the ruling Peronist party an election – and its key majority in the Senate.
