EU and Ukraine to launch a new business partnership
A new business partnership between the European Union and Ukraine has been launched in Brussels where the EU-Ukraine Business Summit took place from April 10 to 11.
Walgreens Boots Alliance is going private after Sycamore Partners sealed a $10 billion deal, ending nearly a century on public markets. Struggling with competition and changing consumer habits, Walgreens aims to reinvent itself away from the pressures of being publicly traded.
"Walgreens closes chapter on public markets as Sycamore partners seals $10 billion deal"
Walgreens Boots Alliance (WBA) is set to be taken private by private equity firm Sycamore Partners in a monumental $10 billion deal, marking the end of its nearly century-long presence in the public markets. The pharmacy giant, which was once a proud member of the Dow Jones Industrial Average, has struggled in recent years, seeing its stock value decline amid rising competition and changing consumer habits.
The acquisition follows a series of challenges, including weak retail sales, an overhaul of its U.K.-based Boots business, and cost-cutting measures aimed at reviving the company’s fortunes. Walgreens had previously explored private ownership and held talks with several large private equity firms.
Founded in 1901, Walgreens became a household name, with over 9,000 stores across the U.S. By 2018, the company reached its peak, joining the Dow Jones, but recent years have been marked by struggles, including a significant drop in profits and an ongoing shift in its business strategy.
Now, under the leadership of Sycamore Partners, Walgreens aims to pivot and reinvent itself, stepping away from the pressures of the public markets.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis, the first Latin American pope and a transformative figure in the Roman Catholic Church, has passed away at the age of 88, the Vatican confirmed in a video statement on Monday.
The global economy, already fragile, now faces a new shock—this time from the United States. President Donald Trump’s latest tariff wave has dragged average U.S. duties to levels unseen in over a century. The trade war with China is escalating fast.
Sam Altman has stepped down as chair of nuclear start-up Oklo, citing a potential conflict of interest ahead of talks with OpenAI over a future energy supply deal. The move comes as the pressure mounts to power artificial intelligence with stable, low-carbon energy sources.
Toyota has signed a $2 billion deal to build a wholly-owned electric vehicle plant in Shanghai, as the Japanese automaker strengthens its position in China’s growing EV market during heightened US-China trade tensions.
The IMF has lowered global and U.S. economic growth forecasts, citing Trump-era tariffs and rising uncertainty. Global growth is expected at 2.8% this year, while U.S. growth may slow to 1.8%, with heightened recession and inflation risks.
The 18th meeting of the Joint Commission on Economic Cooperation between Iran and Russia is scheduled to take place in Moscow from April 23 to 25. The event aims to strengthen bilateral collaboration across a wide range of sectors.
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