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☆ Britain’s Top Court Nixes Plan to Send Migrants to Africa
  + stars: | 2023-11-15 | by ( Max Colchester | David Luhnow | ) www.wsj.com   time to read: 1 min
The U.K. plan is part of a broader effort by Western countries to cope with a rise in migrants arriving at their borders. Photo: henry nicholls/Agence France-Presse/Getty ImagesLONDON—A U.K. plan to send some migrants who arrive illegally to live in Rwanda suffered a major setback after a top court said the central African country wasn’t a safe place to house asylum seekers. The ruling scuttles Prime Minister Rishi Sunak ’s marquee policy to curb migration and offers a warning shot to other European nations considering similar plans.
Persons: henry nicholls, Rishi Sunak Organizations: Agence France, scuttles Locations: U.K, Rwanda
☆ China Scuttles a $5.4 Billion Microchip Deal Led by U.S. Giant Intel
  + stars: | 2023-08-16 | by ( Don Clark | Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com   time to read: +1 min
China has effectively scuttled a $5.4 billion deal by Intel, the Silicon Valley semiconductor giant, in the latest sign of the frayed business ties between China and the United States. Intel, which has long had operations in China, said Wednesday that it had “mutually agreed” to terminate a planned merger with Tower Semiconductor, an Israeli chip manufacturer. The announcement came after China’s antitrust regulators failed to rule on the transaction before a deadline set by the companies. The planned merger, announced in February 2022, passed antitrust reviews in the United States and Europe. But it ran into a lengthy delay in China, where regulators review mergers of companies that earn a certain amount of revenue in the country.
Organizations: Intel, Tower Semiconductor Locations: China, United States, Europe
☆ Analysis: US lawsuit to block JetBlue-Spirit merger casts chill over future airline deals
  + stars: | 2023-03-07 | by ( Rajesh Kumar Singh | ) www.reuters.com   time to read: +3 min
CHICAGO, March 7 (Reuters) - A U.S. federal lawsuit to block JetBlue Airways Corp's (JBLU.O) purchase of Spirit Airlines (SAVE.N) has raised hurdles for future airline deals, making it harder for companies to pursue growth and manage costs. Mergers and acquisitions are a time-honored way for companies to both boost revenue and profit through cost cutting. But the DOJ lawsuit could send a chill through airline boardrooms, said Addison Schonland, partner at consulting firm AirInsight. American Airlines (AAL.O), United Airlines (UAL.O), Delta Air Lines (DAL.N) and Southwest Airlines (LUV.N) control 80% of the domestic market. The lawsuit against the JetBlue-Spirit deal was widely expected because of the Biden administration's crackdown on large deals between publicly listed companies, analysts said.
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