Billionaire William "Beau" Wrigley Jr is taking cannabis producer Parallel public, in a merger due to complete this summer with Canadian-listed Ceres Acquisition Corp that values the Atlanta, Georgia-based firm at $1.88 billion.
The COVID-19 pandemic is likely to widen wealth gaps in Europe unless policymakers help end the health crisis globally, support economies until the pandemic is over and invest in making economies greener, the International Monetary Fund said.
Global stock markets fell on Monday as expectations of faster growth and quickening inflation battered bonds, boosted commodities and led to a further rotation out of the big tech names that have driven the equity rally during the pandemic.
Ukraine's President Volodymyr Zelenskiy said on Monday that relations with the International Monetary Fund were normal but there was always a "Plan B" if talks to secure more loans under a $5 billion programme stumbled.
Dallas Federal Reserve President Robert Kaplan on Monday said his forecast for 5% U.S. GDP growth this year could be an underestimate, given the likelihood of further fiscal support and the rollout of vaccines.