Corporate digest
Rickmers Group
GERMAN shipping group Rickmers, sponsor of failed container shipping trust Rickmers Maritime, filed for bankruptcy on Thursday after HSH Nordbank rejected an offer to swap its debt for equity. Rickmers Maritime itself is being wound up.
OKH Global
PROPERTY developer OKH Global said on Thursday that its subsidiaries have entered into a settlement agreement with Weston Global Realty Pte Ltd and KTNC Real Estate Consultants. In April, Weston and KTNC tried to claim from OKH Buroh…
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Companies & Markets
Japan’s Uniqlo opens Rome store as part of European expansion
Microsoft-OpenAI deal set to dodge formal EU merger probe: sources
China slams US move to investigate its shipbuilding industry
TikTok divest-or-ban bill heads to fast track in US congress
Google lays off employees, shifts some roles abroad amid cost cuts
Cordlife files police report against former employees for ‘potential wrongdoings’