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Monthly Archives: May 2018

Intesa Sanpaolo CEO opens the door to new deals, hopes to thrive in Europe

Marco Bertorello | AFP | Getty Images The Intesa Sanpaolo trademark on the facade of the headquarter of Intesa SanPaolo building in Turin. “If I were to be able to find a global partner and then a second step to find a counter party with whom it would be possible …

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Kenya dam burst causes ‘huge destruction of both life and property’

AFP | Getty Images Local residents wait inside an ambulance after Patel dam burst its bank at Solai, about 40 kilometres north of Nakuru, Kenya, on May 9, 2018. A dam in Kenya has burst its banks after weeks of heavy rainfall, causing “huge destruction” and killing at least 27 …

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Trump welcomes back Americans freed by North Korea

SAUL LOEB | AFP | Getty Images US President Donald Trump (L) applauds as US detainee Kim Dong-chul (2nd R) gestures upon his return with Kim Hak-song (C) and Tony Kim (behind) after they were freed by North Korea, at Joint Base Andrews in Maryland on May 10, 2018. A …

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Bahrain’s oil minister warns of a potential ‘supply crunch’

NEZAR BALOUT | AFP | Getty Images Bahrain’s Oil and Gas Affairs Minister, Mohammed Bin Khalifa al-Khalifa, speaks on a panel during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), on November 7, 2016 in the Emirati capital. Sheikh Mohammed bin Khalifa Al Khalifa, Bahrain’s oil minister, warned that …

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GM to locate new Asia-Pacific headquarters in South Korea, government says

Seong Joon Cho | Bloomberg | Getty Images General Motors’ Chevrolet Bolt stand on display during the press day of the Seoul Motor Show in Goyang, South Korea, on Thursday, March 30, 2017. General Motors has agreed to set up its Asia-Pacific headquarters in South Korea, in a further commitment …

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Australia’s AMP to ‘vigorously defend’ class action lawsuits

Scott Barbour | Getty Images The AMP logo is seen on the AMP building on August 20, 2015 in Melbourne, Australia. Top Australian wealth manager AMP said it will defend two class action lawsuits filed against it following damaging revelations from a government-ordered inquiry into the country’s financial industry. AMP …

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IAC CEO on Facebook: ‘cannot just uproot us’

Getty Images Joey Levin, chief executive officer of IAC (InterActiveCorp), attends the first day of the annual Allen & Company Sun Valley Conference, July 11, 2017 in Sun Valley, Idaho. Following a revenue beat on Wednesday, IAC CEO Joey Levin penned a letter assuring shareholders that the Match Group parent …

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Malaysia’s Mahathir claims election win as count swings against government

Lai Seng Sin | Reuters Mahathir Mohamad, former Malaysian prime minister and opposition candidate for Pakatan Harapan (Alliance of Hope) reacts during a news conference after general election, in Petaling Jaya, Malaysia, May 9, 2018. Malaysia’s Mahathir Mohamad said the opposition alliance he leads had won enough parliament seats in …

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Joe Manchin will vote for Gina Haspel, Trump’s CIA director pick

Mandel Ngan | AFP | Getty Images Gina Haspel arrives to testify before the Senate Intelligence Committee on her nomination to be the next CIA director in the Hart Senate Office Building on Capitol Hill in Washington, DC on May 9, 2018. Democratic Sen. Joe Manchin said Wednesday he will …

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Analyst cut off by Musk plans to hold Tesla accountable

One of the analysts cut off by Tesla chief executive Elon Musk during the company’s latest earnings call has responded, telling clients he plans to “hold Tesla accountable” for its performance. In an open letter and invitation to Musk entitled “Dear Elon,” RBC Capital Markets analyst Joseph Spak on Wednesday …

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