Chinese private equity firm Cherami is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter, potentially joining peers such as Tian Tu Capital Co. in going public in the city.
A Canadian general criticized the Chinese air force over an incident off the coast of the Asian nation that apparently saw a fighter jet cut off a patrol plane and drop flares in its path.
Sweden’s Volta Trucks AB is planning to file for bankruptcy following a breakdown in its supply chain, the company said.
St. James’s Place Plc said it’s revamping its fee structure after coming under pressure to review the way it’s been charging clients over the years. It added that the move will reduce its underlying cash.
Ericsson AB shares fell to the lowest in six years after it said market weakness will persist into the fourth quarter and beyond, as the company struggles to counter reduced investment in fifth-generation mobile infrastructure from US and European operators.
The lender showdown over Aggregate’s Fuerst project in Berlin highlights the perils of over-leveraged property developments.
London’s Heathrow Airport and three major airlines lost the bulk of their appeal against an order by the nation’s aviation regulator to cut airline charges by about 20% per passenger next year.
The number of job vacancies in the UK dropped further below a million, to its lowest level in more than two years, amid broader signs that companies are reluctant to hire full-time staff while the economic outlook remains uncertain.
Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have joined a $300 million financing for Baichuan, one of scores of Chinese AI startups hoping to capitalize on a surge of interest in developing ChatGPT-like services.
UK wage growth slipped in the three months to August, indicating a cooling of labor-market pressures that will make it easier for the Bank of England to keep interest rates on hold next month.
