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TPG executives to pocket potential $1.4 bln tax windfall after IPO
January 16, 2022January 10, 2022 afrangounorg

TPG executives to pocket potential $1.4 bln tax windfall after IPO

Business

TPG’s top dealmakers will force the buyout firm to pay them the cash value of tax savings it expects to receive, currently estimated to be

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Chinese developer Shimao defaults on trust loan
January 15, 2022January 10, 2022 afrangounorg

Chinese developer Shimao defaults on trust loan

Business

Chinese developer Shimao Group (0813.HK) has defaulted on a loan after missing a 645 million yuan ($101 million) payment, the lender said in a letter

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Google hit with 150 mln euro French fine for cookie breaches
January 14, 2022January 10, 2022 afrangounorg

Google hit with 150 mln euro French fine for cookie breaches

Business

France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google (GOOGL.O) a record 150 million euros ($169 million) for making it difficult

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Cryptocurrency crime in 2021 hits all-time high in value -Chainalysis
January 13, 2022January 10, 2022 afrangounorg

Cryptocurrency crime in 2021 hits all-time high in value -Chainalysis

Business

Cryptocurrency-linked crime surged to a record high last year in terms of value, with illegal addresses receiving $14 billion in digital currencies, up 79% from

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German industrial orders bounce back on strong foreign demand
January 12, 2022January 10, 2022 afrangounorg

German industrial orders bounce back on strong foreign demand

Business

Higher demand from abroad drove a bigger-than-expected rebound in German industrial orders in November, in rare good news for manufacturers suffering from supply bottlenecks and

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Size not the main aim, shippers say, as MSC overtakes Maersk
January 11, 2022January 10, 2022 afrangounorg

Size not the main aim, shippers say, as MSC overtakes Maersk

Business

Swiss-based container group MSC has overtaken Denmark’s Maersk (MAERSKb.CO) as the world’s biggest shipper, the company said, confirming data from intelligence provider Alphaliner. After taking

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Caterer Sodexo expects remote working to hit business
January 10, 2022 afrangounorg

Caterer Sodexo expects remote working to hit business

Business

French catering and food services group Sodexo (EXHO.PA) warned on Thursday the return to remote working this winter could affect its volumes, but said it

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