Quetta Acquisition Corporation Unit
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Uber Offers to Buy Delivery Hero at €10 Billion Valuation
Uber has moved deeper into global food delivery consolidation with an offer to acquire Delivery Hero SE at an estimated €10 billion valuation. The approach values the Berlin-based company at €33 per share, equal to about $38.29 per share, based on recent currency levels. Delivery Hero confirmed the offer on May 23, 2026, while saying…
Nissan Unit Drops UK EV Powertrain Production Plan, Nikkei Reports
Nissan is facing another EV strategy setback after its subsidiary JATCO reportedly canceled a UK powertrain production plan. Nikkei reported on May 24, 2026, that JATCO scrapped its Sunderland project because demand for Nissan EVs in Europe remains weak. The plan was not small. JATCO had announced a £48.7 million investment in January 2025 to…
South Korea Set to Launch Leveraged ETFs Tracking Samsung and SK Hynix Stocks
SK Hynix is moving into a new spotlight as South Korea prepares to launch its first single-stock leveraged ETFs this week. The products will track Samsung Electronics and SK Hynix, aiming to deliver twice the daily performance of each stock. Bloomberg reported the launch on May 24, 2026, with the products arriving as AI chip…
HawkEye 360 May 24: $125M Credit Facility Fuels Growth
HawkEye 360 secures $125M credit facility with Bank of America to expand its space-based signals intelligence constellation.
AEM Stock May 23: Agnico Eagle Doubles Wallbridge Stake to 20%
Agnico Eagle increases Wallbridge Mining stake to 19.9% with $22.4M investment, strengthening position in Abitibi gold exploration.
Thyssenkrupp Stock May 23: Government Stake Fuels Rally
Thyssenkrupp stock rallies as German defense ministry considers stake in TKMS marine division. Steel IPO replaces Jindal sale talks.
Obayashi Corp May 24: Heat Wave Shifts Work Hours to 7AM-1PM
Obayashi Corp shifts work to 7AM-1PM during summer heat to protect workers and maintain efficiency amid Japan’s extreme temperatures.
Morrisons Store Closures May 23: 100 Locations Shutting Down
Morrisons to close 100 loss-making convenience stores from May 2026 due to rising government policy costs and National Insurance contributions.
Citigroup May 23: Asia Wealth Expansion Signals Growth Strategy
Citigroup expands Asia wealth management hiring under Andy Sieg’s strategy to capture faster growth and higher productivity in private banking.