Daily News Channel
Cristiano Ronaldo will be unveiled as a Real Madrid player on July 6, having finally agreed terms over his world-record $130 million transfer from Manchester United. Spanish giants Real had been in talks with the 24-year-old World Player of the Year’s representatives for the past two weeks after agreeing the fee with English champions United. The Portugal winger will be tied to the Bernabeu until 2015, with Spanish media reporting that he will be paid €13 million ($18 million) each season
Xiong Weiping, the chief executive officer of China’s largest aluminum company, Chinalco, spent the better part of the last four months doing something no other CEO of a state-owned Chinese company had ever done.
Finnish prosecutors will file genocide charges against a Rwandan man in the killings of 15 people during Rwanda’s ethnic cleansing bloodbath in 1994, authorities said Monday. GM will file a bankruptcy petition at 8 am ET (12 pm GMT), paving the way for a de facto government takeover, according to a source with direct knowledge of the bankruptcy proceedings
The future of thousands of car industry jobs in Europe remained uncertain Monday as General Motors prepared to file for bankruptcy after reaching a deal to sell off its European operations, including German automaker Opel and UK-based Vauxhall. GM will file a bankruptcy petition at 8 am ET (12 pm GMT), paving the way for a de facto government takeover, according to a source with direct knowledge of the bankruptcy proceedings.
Indian telecom services provider Bharti Airtel Limited and South Africa’s MTN Group Limited have renewed merger talks with the aim of creating an emerging market telecom giant, both companies announced Monday. Such a merger would create an operator with combined revenues of over $20 billion and a combined customer base of over 200 million, according to both companies. In addition to savings, “this opportunity also represents a first of its kind in developing an Indian-African initiative that would serve as a shining example of South-South cooperation,” said Bharti chairman and managing director Sunil Bharti Mittal.
President Obama on Thursday sent a civil nuclear agreement with the United Arab Emirates to the Senate for ratification, but its passage remains uncertain, thanks to a recently disclosed video. Senior U.S.
Fiat Group, fresh from an agreement to buy a piece of troubled automaker Chrysler, has plans to purchase GM Europe and spin-off the recombined carmakers into a new company. If successful, the new company would become one of the largest car manufacturers in the world behind Toyota. The combined company would generate about $100 billion annually with sales of between 6 and 7 million cars a year
Everybody has Apple envy — even Larry Ellison. The dashing playboy founded Oracle Corp., whose relational database software makes it the 137th largest company in the world. Ellison, who likes to pilot old fighter jets and lives in a faux Japanese-style mansion, is one of the richest men in the world and another of the great, big personalities of Silicon Valley
Attackers in a Taliban-controlled area of Pakistan shot and tried to behead a Pakistani journalist on Wednesday, according to his employer GEO TV. The slain correspondent, Mosa Khankhel, had been covering the recent peace deal between the Pakistani government and Taliban militants in Swat Valley when he was killed, GEO TV managing director Azhar Abbas said. “He is the first martyr of this peace deal,” Abbas said, adding that he believes it is unlikely the deal will end the campaign of violence that has centered in Swat.
The U.S. Senate looks to be on track to pass a bill that sounds almost exactly like what President Barack Obama asked for last month