Jefferies Expands Into Saudi Private Credit
Jefferies Financial Group Inc. is making its first foray into Saudi Arabia’s private credit space, leading a $125 million financing deal for finance s
FedEx Layoffs in Texas: Key Facts from Recent Reports
FedEx to cut 856 jobs in Coppell, Texas, due to a client relocation, with layoffs starting January 2026 and site closure by April 2026.
ADNOC Eyes Lukoil's International Assets as U.S. Sanctions Loom
ADNOC eyes Lukoil and Gazprom assets as US sanctions force Russian divestments, aiming to expand globally via XRG amid regulatory hurdles.
DHL to pour €130 million ($150 million) into massive new logistics hub in Riyadh
Deutsche Post DHL Group has announced it will invest €130 million (around $150 million) to build a state-of-the-art logistics
Saudi Egyptian Investment Company Earns $236 Million from Alexandria Container Handling Deal
Saudi Egyptian Investment Company made $236M profit selling its stake in Alexandria Container Handling to Abu Dhabi Ports for $363M.
Cloudflare Outage Costs Global Economy Up to $60 Billion as X, ChatGPT, and Fortune 500 Companies Go Dark
A Cloudflare outage on Nov 18, 2025, disrupted major sites, costing up to $60B globally; a bug, not a cyberattack, caused the issue.
Starbucks Sells Controlling Stake in China Operations to Boyu Capital in $4 Billion Deal
Starbucks sells a 60% stake in its China operations to Boyu Capital for $4B, retaining 40% and brand rights in a joint venture.
Berkshire Hathaway Reports Profit Growth Amid Record Cash Reserves
Berkshire Hathaway's Q3 profit rose 34% to $13.49B, with record cash reserves and a planned $9.7B OxyChem buy, but shares fell 12%.
Samsung Electronics Negotiates with Nvidia for Next-Gen HBM4 Chip Supply
Samsung is in talks with Nvidia to supply HBM4 chips, aiming to boost its AI chip market share and compete with SK Hynix.
Shell Reports Strong Profit Increase and Distributes More Funds to Investors
The profit increase is attributed to higher sales volume and trading margins.
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