Major Moves: Transformations and Transitions Across Global Markets

Key stories include ComfortDelGro acquiring Addison Lee, UK ministers reconsidering asylum housing contracts, Arm's legal battle with Qualcomm, and Intesa Sanpaolo's workforce reduction. These developments highlight significant industry shifts and regulatory scrutiny amidst a competitive and evolving business landscape.

ComfortDelGro, a transport conglomerate listed in Singapore, is set to acquire London's famed private-hire firm, Addison Lee, for £269 million, marking a strategic expansion into the European market.

In government news, UK ministers are reviewing and potentially ending contracts for asylum housing amidst controversies over substantial corporate profits.

Technology giant SoftBank's Arm is escalating its legal conflict with Qualcomm by revoking a chip design license, raising tensions as the case heads to trial.

Meanwhile, Italy's Intesa Sanpaolo plans to cut 9,000 jobs as part of efforts to streamline operations and enhance digital capabilities.

(With inputs from agencies.)