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The European Commission approves acquisition of MGM by Amazon

The European Commission has approved unconditionally, under the EU Merger Regulation, the proposed acquisition of MGM Holdings Inc. (‘MGM') by Amazon.com Inc (‘Amazon'). The Commission concluded that the transaction would raise no competition concerns in the European Economic Area (‘EEA').

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McDonald’s To Close Restaurants In Russia, Says Conflict ‘Has Caused Unspeakable Suffering’

The global fast-food chain McDonald’s has announced it is temporarily closing all 850 locations inside Russia, as the number rises of Western businesses that abandon Russia after its unprovoked invasion of neighboring Ukraine. “The conflict in Ukraine and the humanitarian crisis in Europe has caused unspeakable suffering to innocent people,” McDonald’s CEO Chris Kempczinski said

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