The Smallest US Firms Shed Almost 600,000 Jobs Since End of 2021
US businesses with less than 20 employees have eliminated 594,000 jobs since December 2021, while firms with 20 to 49 workers shed jobs for a second-straight month in February.
Bloomberg Business
Ex-Adidas CEO Rorsted Gets €16 Million Payout for Stepping Down
Adidas AG will pay former Chief Executive Officer Kasper Rorsted about €16 million ($16.9 million) as part of a termination agreement after he was ousted following months of turmoil at the German sneaker brand.
Sony Tells UK to Force Microsoft Call of Duty Sale or Veto $69 Billion Activision Deal
Sony Group Corp. urged the UK’s antitrust watchdog to block Microsoft Corp.’s $69 billion Activision Blizzard Inc. deal or force it to sell the blockbuster Call of Duty, as no other solution exists that’ll prevent harm to consumers in the cloud gaming and console markets.
DigitalBridge Weighs Sale of Vantage Data Centers Stake
DigitalBridge Group Inc. is considering the sale of a minority stake in Vantage Data Centers, a deal that could raise more than $1.5 billion for the infrastructure specialist, people with knowledge of the matter said.
Wagner Group Founder’s Mother Wins Challenge to EU Sanctions
Wagner Group founder Yevgeny Prigozhin’s mother won a European Union court appeal against her inclusion on the bloc’s sanctions list following Russia’s invasion of Ukraine.
Dispute Over Mysterious Saudi Jewelry Worth $3 Million Haunts Bolsonaro
A dispute over $3 million worth of jewelry allegedly from Saudi Arabia is set to present another headache for former Brazilian President Jair Bolsonaro when he returns home from his US vacation.
Bankers to Putin’s Cellist Confidant Hit Back in Swiss Trial
Four bankers including the former boss of Gazprombank’s Swiss unit sought to demolish allegations they neglected their duty to raise the alarm over financial transactions made by a cello-playing confidant of Vladimir Putin.
Intel Wants $5 Billion More From Germany for a Chip Plant
Intel Corp. is seeking an additional €4 billion to €5 billion in subsidies from the German government to move ahead with a chip manufacturing complex in the eastern part of the country, according to people familiar with the matter.
US Trade Deficit Grows to $68.3 Billion, Widest in Three Months
The US trade deficit grew to the widest in three months at the start of the year, reflecting a pickup in imports of merchandise.
Sunak Is Gearing Up to Spend £800 Million on UK Supercomputer
Chancellor of the Exchequer Jeremy Hunt is weighing proposals to plow £800 million ($946 million) into a new supercomputer as the government seeks to make the UK a global leader in science and technology.
