Monday , 9 February 2026

Recent Posts

Toys ‘R’ Us mascot, orphaned by bankruptcy, finds home

Bloomberg Geoffrey the Giraffe has gone from the morgue to the hospital. Toys ‘R’ Us, the toy retailer that’s liquidating in bankruptcy, found a New Jersey children’s hospital that was willing to take the 16-foot tall statue of the African mammal that stood in the lobby of its headquarters. The chain has held going-out-of business sales at its stores and …

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Mubadala to launch European tech fund

LONDON / WAM Mubadala Investment Company (Mubadala) of Abu Dhabi, on Wednesday announced its intent to create a $400 million fund to invest in leading European technology companies. The fund will be managed by Mubadala Ventures, the venture capital arm of Mubadala. SoftBank Group will participate as a strategic investor via its SIMI US Holdings I, Inc investment subsidiary. The …

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Russia seeks rollback of most of OPEC cuts

Bloomberg Russia plans to propose that OPEC and its allies be allowed to return production to October 2016 levels, rolling back most but not all of their output cuts within three months, according to a person familiar with Moscow’s thinking. All the nations would proportionally share out a 1.8 million barrel-a-day increase to their output limit starting as soon as …

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