Palantir Technologies Inc., the data analysis company co-founded by Peter Thiel, said it was profitable for the first time in the fourth quarter, and expects 2023 to be its first-ever profitable year.
Apollo Global Management Inc. is among a group that snapped up €500 million ($538 million) of steeply discounted loans that backed the acquisition of British grocery chain Wm Morrison Supermarkets Plc.
Singapore intends to raise its effective tax rate for multinational firms to 15% starting 2025, in line with a global agreement to increase the floor rate.
An Indian general insurer backed by British United Provident Association Ltd. is considering selling a minority stake that could value the firm at around $2 billion, according to people familiar with the matter.
UK productivity barely budged last year, underlining the struggle to boost the potential of the British economy more than a decade after the financial crisis.
Engine Capital has taken a 1% stake in Brenntag SE and is calling on the German chemicals distributor to prioritize a separation of its specialties unit, a move the activist believes could double Brenntag’s share price.
Singapore will double paternity leave to four weeks that will be paid for by the government in an attempt to make it attractive to start families.
Turkey’s sovereign wealth fund will support equities with a new, internal mechanism established to contain the market fallout from Feb. 6 earthquakes, according to officials with direct knowledge of the matter.
The Philippines has protested China’s move to aim a military-grade laser at a Philippine ship in the South China Sea which the US said was “provocative and unsafe” and threatens peace and stability in the region.
Cash-strapped Lebanon is trying to convince donors that their money will be spent “in the right way” as its usual backers remain weary of extending aid without a reform agenda.
