Speculation is mounting that Formula One is about to be revamped by a US takeover that could bring new life and a higher profile for a sport that is struggling to attract new fans. Media reports suggest that F1’s largest and controlling shareholder, the hedge fund CVC Capital Partners, is preparing to sell the business…
India’s production of summer-sown pulses is likely to surge to a record high this year, dragging down prices of the protein-rich food grains after last year’s sharp rally that prompted farmers to increase area under cultivation, industry officials said. Higher output by the world’s top consumer and importer of pulses could help Asia’s No.3 economy…
Germany’s Bayer has raised its offer for Monsanto for $127.50 a share, in a bid to create a global seeds and pesticides giant. Bayer said it was in advanced talks with Monsanto, but warned there was no guarantee a deal would result. Its initial offer of $122 a share in May was rejected by the…
Russia is the most unequal major economy in the world, with almost two-thirds of its wealth controlled by millionaires, a wealth research company has said. Sixty-two % of Russia’s wealth is held by U.S. dollar-millionaires and 26 % of its wealth is held by billionaires, New World Wealth said in a report on Wednesday. Russia’s…
Sony has unveiled a 3,300 Euro gold-plated Walkman music player as the Japanese electronics giant focuses on higher end products in its audio division. The latest player to use the iconic Walkman brand, which dates back to 1979, comes in two models – the WM1Z and WM1A. The WM1Z is the 3,300 Euro model while…
