November, 2020

• 15 November

  German retailer Mytheresa plans for IPO in US

  

  Bloomberg Mytheresa.com, the luxury online retailer specialising in women’s clothing, is planning a US listing in early 2021, people with knowledge of the matter said. The fast-growing German e-commerce company is working with advisers on preparations for a potential initial public offering, according to the people, who asked not to be identified because the information is private. It plans to ...

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• 15 November

  Singapore Air to raise $630m via ‘bond sale’

  Bloomberg Singapore Airlines Ltd plans to raise as much as S$850 million ($630 million) via the sale of convertible bonds as it seeks to increase liquidity amid a pandemic that’s wiped out travel demand. The funds will be used for operating cash flow, to service debt and for capital expenditure, Singapore’s flagship carrier said in an exchange filing. The pricing ...

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• 15 November

  Ford adds electric van to keep grip on market

  

  Bloomberg Ford Motor Co, playing catch-up to Tesla Inc in electric cars, is rolling out a battery-powered cargo van to lay claim to a new segment of the commercial fleet market that its gas-powered vehicles dominate. Chief Executive Officer Jim Farley unveiled an electric version of its Transit model, the ubiquitous airport shuttle, delivery and service van that is the ...

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• 15 November

  General Motors’ Cruise, Walmart team up for driverless delivery

  

  Bloomberg Walmart Inc is about to team up with Cruise LLC, the self- driving car unit majority-owned by General Motors Co, to experiment with delivering customer orders using driverless vehicles. Cruise’s robot-piloted cars will ferry orders to customers’ homes from a Walmart store in Scottsdale, Arizona, starting early next year, Tom Ward, the retailer’s senior vice president of customer product, ...

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• 15 November

  Spotify agrees to buy Megaphone for $235m

  

  Bloomberg Spotify Technology SA agreed to acquire Megaphone, which creates tools for podcast advertisers, in a deal that values the acquisition at $235 million. Founded by online news company Slate, Megaphone connects podcast publishers such as Vox and ESPN with networks of advertisers. Spotify will use Megaphone’s network and tools to offer advertising technology to thousands of podcasts. After building ...

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• 15 November

  US grants TikTok 15-day extension on forced-sale deadline

  

  Bloomberg The Trump administration has given the owner of TikTok another 15 days to resolve national security concerns before it’s required to sell the viral video-sharing app. The app’s Chinese owner, ByteDance Ltd, said in a court filing that the Committee on Foreign Investment in the US had granted it until November 27 to reach an agreement, extending a deadline. ...

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• 12 November

  UAE, US discuss cybersecurity cooperation in energy sector

  

  Abu Dhabi / WAM Mohamed Ibrahim Al Hammadi, Chief Executive Officer of the Emirates Nuclear Energy Corporation (Enec) held virtual talks with Mark W. Menezes, US Deputy Secretary of Energy, to discuss the latest developments in the energy sector and identify areas of cooperation. John Rakolta, the US Ambassador to the UAE was also present during the discussion focused on ...

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• 11 November

  Adnoc unit inks long-term LNG supply deals with Vitol, Total

  

  Abu Dhabi / WAM Adnoc LNG signed up to a six-year supply agreement with Vitol for the sale of 1.8 million tonnes per annum (mtpa) of post-2022 LNG volumes and a two-year supply agreement with Total for 0.75 mtpa of 2021 and 2022 LNG volumes. These new agreements represent a continuation of the trusted relationship Adnoc has built with Vitol ...

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• 11 November

  ADQ to acquire 45% stake in Louis Dreyfus Company

  

  Abu Dhabi / WAM ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced on Wednesday that it has signed an agreement to acquire an indirect 45 percent equity stake in Louis Dreyfus Company (LDC) a leading global merchant and processor of agricultural goods. As part ...

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• 11 November

  Adnoc, Total deliver first volumes of unconventional gas from UAE

  

  Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), and Total on Wednesday announced the delivery of the first unconventional gas from the UAE. The unconventional gas was delivered from the Ruwais Diyab Unconventional Gas Concession located 200 kilometres west of Abu Dhabi city. This achievement marks a significant milestone towards future full field development and is an ...

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