Fortress Investment Group LLC is pitching an investment opportunity within an increasingly popular yet controversial corner of finance — funding other companies’ legal battles. The private equity firm is raising its second fund to invest in legal assets, having already deployed $6 billion into the strategy, according to a person...
KitKat chocolate bars, manufactured by Nestle SA, arranged in London, U.K., on Monday, July 26, 2021. Nestle report their half-year results on July 29. Photographer: Hollie Adams/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesNestle posted lower-than-expected nine-month sales growth on Thursday as higher product prices made shoppers balk,...
Super-apps, which are apps designed to provide a range of services to users, have been rising in popularity in regions across the world including in China and South-East Asia. In Western markets, critics have often met them with criticism. For fintech companies, which could use super-apps to pave the way...
A man walks past TSMC's logo at the company's headquarters in Hsinchu, Taiwan.Sam Yeh | AFP | Getty ImagesTaiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for consumer electronics persists. Even though it was the largest profit...
Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings.The Finnish telecommunications giant said that it will reduce its cost...