Russian telecom giant Vimpelcom and Egypt’s Weather Investments have agreed to merge their assets, it has been announced.

The deal, worth $6.6 billion (£4.2 billion), will create the world’s fifth-largest mobile phone company, with combined subscriptions of more than 174 million. It will also give Vimpelcom, which has operations in many former Soviet republics, access to new markets in Africa and the Middle East.

The new company will operate in 20 countries in Europe, Asia and Africa.

The Conference Board of Canada has released a less than conclusive report on BHP Billiton’s hostile $38.6-billion takeover bid for Saskatchewan’s PotashCorp.

The report indicates that there will be little short-term benefit to Canada in terms of jobs if the international mining conglomerate succeeds in its hostile bid for PotashCorp, and that the provincial government’s tax revenue could be hit by as much as C$2 billion over the next ten years.

Strong international trading in the second quarter of this year has helped to boost half-year profits at UK supermarket giant Tesco.

Sales in Asia jumped by 12 per cent, European sales grew by nine per cent and US sales rose sharply by 45 per cent during the second quarter.

UK sales in the first quarter were almost flat, growing by just 1.1 per cent. However in the second quarter sales picked up, growing by four per cent.

Dr. Abdullah Telmesani offers a simple but profound test for making ethical decisions in business—a useful guide for board members and executive committees to clarify the ethical basis for executive choices.

Thomas R. Cutler outlines the advantages of simultaneous picking strategies in light-directed order fulfillment: pick-to-light, pick-to-display, and now build-to-light.

Bob Vormittag, CEO, VAI, discusses the essential components for any business to compete in the new economy—improve practices, enhance customer service and perfect product lines.

Kenneth H. Marks offers a framework for planning successful deals.

Merger and acquisition (M&A) transactions can be a viable alternative for accomplishing a number of strategic objectives for emerging growth and middle-market companies (those from startup to several hundred million dollars in revenue). Let’s take a high-level view of the buy-side and sell-side processes, and a framework for thinking about and planning each.

Privatization is often seen as a money-raising exercise by governments selling off national assets, but the experience in Mexico with airports run by Grupo Aeroportuario del Sureste (ASUR) shows that performance can be enhanced, as Alan Swaby learns.

Well-established cargo carrier Evergreen International Airlines isn’t resting on its laurels—it’s using corporate introspection to improve efficiencies for the future, David Hendricks learns.

RBH Group is poised to begin work on Teachers Village, a residential development in the historical center of Newark. Company president Ron Beit talks to Gay Sutton about his vision for kick-starting wider urban regeneration.