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DHL to suspend global shipments of over $800 to US consumers

BEIJING (Reuters) -DHL Express, a division of Germany’s Deutsche Post, said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as U.S. customs regulatory changes have lengthened clearance. The notice on the company website was not dated, but its metadata showed it was compiled on Saturday. …

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Russia’s VEB to invest $13.4 billion in copper mine in country’s far east

(Reuters) – Russian state development bank VEB will invest more than 1.1 trillion roubles ($13.40 billion) to develop a copper mine in Chukotka in the far east of the country, the government said on Saturday. The development of the Baimskaya copper deposit, first discovered in 1972, is expected to create some 6,000 jobs and generate …

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Bankers get creative to sign M&A deals in Trump’s trade war

By Milana Vinn, Amy-Jo Crowley and Abigail Summerville (Reuters) – After U.S. President Donald Trump’s tariffs sent global markets sideways, Silicon Valley private equity firm Silver Lake Partners and chipmaker Intel added some new terms to a deal they had spent months negotiating. The talks continued for an extra week, during which the new clause …

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Switzerland’s Cicor wins approval to buy parts of France’s Eolane

ZURICH (Reuters) – Swiss electronics company Cicor said on Friday its offer to buy parts of France’s Eolane Group has been accepted by the Paris Commercial Court, boosting its presence in France. In a statement, Cicor said the deal would strengthen its market position in the aerospace and defence sector and be completed on April 22. …

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Hertz CEO says he is humbled by Bill Ackman’s endorsement

(Reuters) – The CEO of Hertz said he feels humbled following comments by billionaire investor Bill Ackman, whose investment management company Pershing Square recently accumulated a 19.8% stake in the car rental firm. “I am humbled, and we should all feel encouraged by Bill Ackman’s comments and energized by the strong support shown by him,” Hertz CEO …

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Sanofi-Regeneron’s Dupixent gets FDA’s nod for skin condition

(Reuters) -The U.S. Food and Drug Administration approved the use of Sanofi and Regeneron’s blockbuster drug Dupixent for patients with a type of skin condition, the two companies said on Friday. The agency’s green light is a victory for the companies, as the FDA had declined to approve the drug for the skin condition in …

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Carmaker Tofas gets Turkish antitrust authority nod for takeover of Stellantis Otomotiv

ISTANBUL (Reuters) – Turkey’s competition board said on Friday that it approved carmaker Tofas’ takeover of Stellantis NV’s local distribution business on condition of an investment plan and additional commitments submitted by the parties. In a statement, the antitrust authority said it accepted the second commitment package presented by the parties, including an investment plan, …

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