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Contentious negotiations

Contentious negotiations

Britain's Morrisons accepts $8.7 billion takeover by Fortress-led group.

  • The United Arab Emirates on Sunday criticized the current #oil output deal among #OPEC+ alliance members as unjust, escalating a row that could derail the energy market's post-pandemic recovery.
  • #Morrisons has agreed to a takeover led by #SoftBank owned Fortress Investment Group that values Britain's fourth-largest supermarket chain at $8.7 billion.
  • In the first quarter this year, various central banks held US$287.46 billion worth of Chinese RMB in official foreign exchange reserves, the highest level since the fourth quarter of 2016.

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