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The leading insurance group in Austria and Central and Eastern Europe, Vienna Insurance Group, has signed an agreement on the acquisition of 100% of the Polish insurance company Gothaer TU, which operates in the non-life insurance segment, has 6 branches and an extensive network of agents. The purchase, which should be approved by the local authorities, will allow the Vienna Insurance Group to expand its market presence in Poland, as well as increase its market share in the non-life segment from 6.2% to 7.8%. As Franz Fuchs, a board member of the Vienna Insurance Group, noted, this is “a significant step towards achieving a market share of at least 10% in Poland in the medium term”.
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
On Tuesday, Spirit AeroSystems Holdings Inc. (SPR.N) shares fell by 13% after its key supplier Boeing Co. (BA.N) revealed that the planemaker significantly reduced its orders for shipment this year. “Boeing indicates in the June 19 letter ...
The Warner Music Group Corp. (WMG.O) got off to a positive start on its Nasdaq debut on Wednesday. The world’s third-largest recording label sold shares worth $1.9-billion, marking the largest initial public offering in the United States ...
Mexican mining output has a high chance of dropping by about 17% in 2020 due to the disruptions brought by the novel coronavirus crisis. However, it is likely to recover in the first quarter of 2021, the head of the country’s mining ...
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