Category: Business

American International Group (AIG) and Canadian investment firm Onex Corporation have agreed to acquire specialty insurer Convex Group in a transaction valued at $7 billion, marking one of the largest insurance deals of 2025. Deal Structure Onex announced it will take a 63% controlling stake in Convex, while AIG will acquire 35%, with the remaining […]

Strengthening Bilateral Ties Minister of State for European Affairs and Defence, Thomas Byrne TD, unveiled the report “Beyond Barriers – Deepening Canada-Ireland Trade and Investment” at Iveagh House in Dublin on 30 October 2025. The study underscores the thriving economic relationship between the two nations, which has grown significantly in recent years and was further […]

Italian app developer Bending Spoons has agreed to acquire AOL from Yahoo, in a deal reported to be worth around $1.4 billion, marking one of the most significant takeovers of an early internet pioneer in recent years. Milan-based Bending Spoons, one of Europe’s fastest-growing technology companies, confirmed on 29 October 2025 that it had entered […]

Japanese technology giant NEC Corporation has announced a definitive agreement to acquire CSG Systems International, a U.S.-based software-as-a-service (SaaS) provider, in a transaction valued at approximately US$2.9 billion (JPY 438.5 billion), including debt. The deal, unveiled on 29 October 2025, underscores NEC’s ambition to expand its global digital services portfolio and strengthen its position in […]

Nigeria has received a significant trade advantage under the United Kingdom’s Developing Countries Trading Scheme (DCTS), which grants tariff reductions on nearly 3,000 Nigerian products. The initiative, confirmed in October 2025, is designed to expand access to the UK’s consumer market while supporting global trade opportunities for developing economies. The scheme, launched in 2023 as […]

The role helps galvanise greater understanding of the transformative potential of space technology in addressing global challenges, including climate change, disaster management and sustainable development. Professor Cox told UN News that “we have to operate in certain areas as a single planet; space is one of the best examples of that,” adding that it does […]

General Motors (GM) has laid off more than 200 engineers, delivering the news via Microsoft Teams, even as the company reported stronger-than-expected profits and raised its financial outlook for 2025. The move, confirmed on October 24, 2025, has sparked criticism over the timing and method of the layoffs, highlighting the tension between corporate restructuring and […]

📉 Summary German luxury automaker Porsche AG has posted a €967 million ($1.1 billion) operating loss for the third quarter of 2025, marking its first quarterly deficit since listing publicly. The result, announced Friday, exceeded analyst expectations and underscores the company’s deepening crisis amid a slower-than-expected transition to electric vehicles (EVs) and shrinking demand in […]

Today, EFF joined a coalition of civil society organizations in urging UN Member States not to sign the UN Convention Against Cybercrime. For those that move forward despite these warnings, we urge them to take immediate and concrete steps to limit the human rights harms this Convention will unleash. These harms are likely to be […]

🧾 Summary Nigerian fintech Lidya, founded in 2016 to provide collateral-free loans to small businesses, has ceased operations following the resignation of its CEO and CTO, and mounting complaints from customers unable to access their funds. The company’s closure marks a dramatic fall from grace for one of Africa’s early digital lending pioneers. 📉 Leadership […]