Global Business Daily: Airbnb IPO, $ 27.7 billion Slack sale, Arcadia spinoff

(AP Photo / Michael Probst)

(AP Photo / Michael Probst)

“We see Slack as a unique business and platform. It is a central nervous system for so many businesses. “

Salesforce Founder and CEO Marc Benioff was in a jubilant mood when he told shareholders his company was by buying the professional chat service Slack for $ 27.7 billion.

The acquisition is by far the most important in the 21-year history of his company and aims to give the two companies a better chance to compete with Microsoft, which dominates the industry.

Microsoft’s thriving suite of online services, Office 365, includes the “Teams” chat service, which includes many of the same features as Slack.

Benioff said the deal is “a perfect match”. Only time will tell.

Beyond multibillion transactions, today’s newsletter examines how the humble Scottish egg might hold the key to saving English pubs. With more details on the Pfizer-BioNTech vaccine manufacturing process and an interview with an expert on the widespread, but underreported crime of water theft.

Good reading,

Daniel Harry

Digital correspondent

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MAJOR TITLES:

US President-elect Joe Biden has said he will not immediately lift tariffs imposed by President Donald Trump on many imports from China or sever Trump’s original trade deal. “I’m not going to take immediate action, and the same goes for the prices”, Biden said in an interview with the New York Times.

Meanwhile, European Union foreign policy chief Josep Borrell urged the EU and the US to resolve their trade disputes after Biden took office in January, creating a “new transatlantic agenda. “

The German Ministry of the Economy has made a contribution of 8.2 million euros ($ 9.9 million) to Siemens Energy’s hydrogen plant project in Chile, as part of its larger program national strategy to support hydrogen technology.

A group of environmental organizations backed by thousands of Dutch citizens on Tuesday launched civil proceedings against energy giant Shell, asking a court to order the multinational to pledge to limit its carbon emissions by 45 % by 2030.

Airbnb, the online vacation rental market, hopes to raise up to $ 2.6 billion when it goes public this month. The San Francisco-based company said it intends to offer 51.9 million common shares priced between $ 44 and $ 50 each, in a deposit with the securities authorities.

Gaming group 888 Holdings said its annual core profits and revenues will exceed previous expectations, the third time the company has raised its forecast this year as it benefits from a shift to online betting amid coronavirus restrictions.

Ryanair to place order for dozens more Boeing 737 MAXs in a commercial boost to the U.S. aircraft maker after regulators lifted a 20-month safety ground, industry sources, as referenced by Reuters, said.

Amazon said five companies, including Uber and JetBlue Airways, have joined its fund which invests in companies developing environmentally friendly technologies.

British Prime Minister Boris Johnson said the conduct of the fashion group’s directors collapsed Arcadia would be examined. “The Secretary of State for Business, Enterprise and Skills [Alok Sharma] wrote to the Insolvency Department to review the conduct of Arcadia’s directors, ”Johnson told Parliament.

LOOK: As COVID-19 restrictions loosen across much of England, drinkers can go pub again as long as they have a “substantial meal” with their pint. The government has confirmed that a ‘Scottish egg’ (a hard-boiled egg, wrapped in sausage meat and breadcrumbs) is a sufficient meal, could this quintessential British snack save the country’s struggling pubs?

01:10

A recent report suggests that at least 50 percent, and possibly up to 70 percent of the world’s drinking water is stolen each year. In October, the University of Adelaide revealed details of a study that found water was mainly stolen by farmers or others with farming interests. One of the report’s lead authors, Adam Loch, spoke to CGTN Europe The Agenda program on this point.

In what ways do people steal water?

You can either take groundwater, for example, by means of a pump that does not belong to you, so that the groundwater has been provided as a right for someone to use on their farm or in his industry or whatever, or even to water their cattle, etc. And you dig an illegal well or even a legal well. And you take water when it’s not your turn or when you are not allowed to. You steal this water.

Who does this affect?

Well, mainly the people who own the water in the first place, and therefore they are not getting their supply as they expected. This will therefore have an impact on their production. This will have an impact on their livestock. This can have an impact on their alcohol consumption. It also has a greater impact on the people who manage water on our behalf.

Britain became the first Western country approves COVID-19 vaccine, orders 40 million doses of Pfizer-BionTech vaccine sufficient for just under a third of the population, as two injections are needed per person.

Source (s): Reuters, AP


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