ABUJA (Reuters) – Jumia, the African e-commerce company of German start-up investor Rocket Internet (RKET.DE), has filed for a New York initial public offering, which could value the firm at $1.6 billion or more. Jumia, founded in 2012 offers online shopping, logistics and payment services, but is losing money. The company says its business is […]

LONDON — What happens when “historic” defeats become commonplace? Yet again, Prime Minister Theresa May has dragged her Brexit plan in front of the House of Commons. Yet again, she has been “historically” defeated: 242 votes for it, 391 against. When it comes to Brexit, the only issue that has occupied her since she took […]

BANGKOK — In the fall of 2015, I witnessed a late-night kidnapping. The perpetrators weren’t seeking cash, gold or any kind of ransom. They didn’t bother to wear masks. They belonged to a Baptist vigilante crew sworn to bring wrath upon drug users. Sure of their righteousness, the men let me tag along and observe […]

FRANKFURT (Reuters) – BioNTech, Europe’s largest unlisted biotech firm by staff numbers, has hired banks to prepare for an initial public offering (IPO) worth as much as $800 million as early as this year, people familiar with the plan told Reuters. Bank of America and JP Morgan have been retained as global coordinators for the […]

MEXICO CITY — Andrés Manuel López Obrador’s first 100 days in office have been filled with announcements and proclamations. He has made grandiose gestures that have been applauded by public. He stripped former presidents’ pensions, opted to fly commercial in coach instead of on the presidential Boeing (though the government must still pay the yearly […]

FRANKFURT (Reuters) – Merck KGaA on Tuesday reiterated its recommendation to shareholders of its takeover target Versum to reject the electronic materials maker’s planned merger with peer Entegris. In a filing to the U.S. Securities And Exchange Commission, the German diversified group said Versum shareholders should vote against the merger, sending “a clear message to […]

SINGAPORE (Reuters) – Singapore state investor Temasek Holdings agreed to buy about 30 percent of Denmark’s Haldor Topsoe A/S, the companies said, in a transaction that a source said values the engineering firm at around $1.5 billion. As part of the deal, Temasek [TEM.UL] will subscribe to secondary shares issued by the Topsoe family, which […]

Even if you’re an avid follower of the news, it’s hard to keep track of Donald Trump’s scandals. The president’s singular governing innovation has been to engage in grift so baroque, so galactically expansive, that trying to comprehend it all at once tests the limit of the human mind. Revelations that would have been shocking […]

Today’s column is about plastic straws, hamburgers and dishwashing detergent. Also Captain Marvel. No, I haven’t lost my mind, or at least I don’t think so. But quite a few other people have — and their rage-filled pettiness is a more important force in modern America than we like to think. My starting point is […]

(Reuters) – Spain’s Enagas will pay, as part of a consortium deal, $590 million for a 10.93 percent indirect ownership interest in U.S. energy infrastructure company Tallgrass Energy (TGE), the company said in a statement on Monday. Enagas will partner with affiliates of U.S. investment firm Blackstone and Singapore’s sovereign wealth fund GIC on the […]