Reuters - Squid Business

Subway comes up with $5 billion debt plan to clinch $10 billion-plus sale -sources

By Abigail Summerville and Anirban Sen NEW YORK (Reuters) -The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging environment for leveraged buyouts and fetch the company’s asking price of more than $10 billion, people …

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Factbox-Countries rush to evacuate foreign citizens from Sudan

KHARTOUM (Reuters) – Countries have conducted one of the biggest international evacuations in years as their nationals flee the sudden outbreak of fighting in Sudan. Some foreigners have been airlifted out while others have travelled about 800 km (500 miles) by road from the war-torn capital Khartoum to Port Sudan on the Red Sea to …

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Factbox-JPMorgan’s deal for collapsed First Republic explained

(Reuters) – JPMorgan Chase & Co will buy most of First Republic Bank’s assets in a last-ditch rescue led by U.S. regulators, marking the third major U.S. institution to fail in two months. The deal, announced early on Monday as regulators seized First Republic, will see the largest U.S. bank acquire $173 billion of loans, …

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Russia’s war on Ukraine latest: Huge blaze injures 34 in latest wave of Russian strikes

(Reuters) – Russia unleashed a fresh volley of missiles on Ukraine overnight, causing huge blazes in an eastern city, damaging dozens of homes and wounding at least 34 people. Other cities appeared relatively unscathed, with Ukraine saying it destroyed 15 out of 18 missiles. FIGHTING * A Ukrainian general said Russian troops had been pushed …

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Italy sets terms for Whirlpool’s sale of European unit to Arcelik

ROME (Reuters) – Italy’s government on Monday conditionally approved Whirlpool’s sale of a majority stake of its European domestic appliances business to Turkish rival Arcelik, a ministerial source said. The Europe-wide deal, announced in January, concerns four Whirlpool factories in Italy employing around 4,600 people. Prime Minister Giorgia Meloni’s right-wing government had the right to …

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Armenian, Azerbaijani foreign ministers hold talks in US over Karabakh dispute

(Reuters) – U.S. Secretary of State Antony Blinken met the foreign ministers of Armenia and Azerbaijan in Washington on Monday as part of efforts to cool tensions between the South Caucasus rivals, the foreign ministries of Baku and Yerevan said in statements. Tensions have flared anew Azerbaijan installed a road checkpoint at the start of …

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Syria agrees to curb drug trade at Arab ministers meeting

By Suleiman Al-Khalidi AMMAN (Reuters) -Syria has agreed to help end drug trafficking across its borders with Jordan and Iraq, according to a statement issued after a landmark meeting on Monday of Arab diplomats developing a roadmap to end Syria’s 12-year conflict. The foreign ministers of Syria, Egypt, Iraq, Saudi Arabia and Jordan met in …

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Meta plans $7 billion bond issue – Bloomberg News

(Reuters) – Meta Platforms Inc is planning to raise $7 billion in a second bond offering, Bloomberg News reported on Monday, citing a person familiar with the matter. The five-part bond issue’s longest 40-year security could yield 215 basis points over Treasuries, according to the report. The Facebook parent plans to use the funds to …

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‘It was like doomsday,’ says Gaza woman after quitting Sudan

By Nidal al-Mughrabi KHAN YOUNIS, Gaza (Reuters) – When bridges closed in her area of Sudan’s capital Khartoum, Palestinian medical student Nour Kullab thought it was just another protest. Before she could grasp what was happening, electricity and water were cut off amid the din of gunfire and rockets, Kullab told Reuters at her family …

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More than 800,000 may flee Sudan violence – UN

GENEVA (Reuters) -More than 800,000 people may flee Sudan as a result of fighting between military factions, including many who had already come there as refugees, a U.N. official said on Monday. “Without a quick resolution of this crisis we will continue to see more people forced to flee in search of safety and basic …

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