Weekly world economy highlights (25-30/07)

Weekly world economy highlights (25-30/07)

EconomyVN - After months of negotiations, US Media Verizon Group officially acquired Yahoo.

Verizon acquired Yahoo for $4.8 billion

After months of negotiations, US Media Verizon Group officially acquired Yahoo, which is a famous multinational technology company including chat services, email, and portal Yahoo search, via a takeover deal costs $4.8 billion. This merger marks the end of a 21-year history of the existence of Yahoo. This process is expected to be completed early next year.

The global M&A value can reduce $1,600 billion if Brexit negotiation delays.

According to the latest report of the law firm Baker & McKenzie, the value of the business mergers and acquisitions (M&A) on a global scale can be reduced to $1.600 billion in the next 5 years, if UK does not soon negotiate the conditions to leave the EU (Brexit). But experts said that the consequences of Brexit will focus on the UK and Europe, will not entail a new financial crisis.

US: Second quarter economic growth lower than forecast

The US Commerce Department said its second quarter GDP was only 1.2%, lower than the experts' forecast of 2.6%. The main reason was that the US enterprise stopped new investments in production. Expenditure on the construction or purchase of equipment of enterprises continued to decline. Many predict that, if the US economy is still sluggish, the Fed will be difficult to raise interest rates this year

Number of flight booking to France fell by more than 15% after the Nice terrorist

The number of travelers booking flights to France in two months fell by 16% after the horrific terrorist attack in Nice on 14th of July. This is the latest survey result issued by ForwardKeys travel company. Particularly, in Nice - the top tourist city, the number of tourists are expected to drop to 20% over the same period last year.

Thong Le

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