EU backs Microsoft buying Call of Duty maker Activision | Business and Economy News
The US software giant still faces a battle to clinch its $69bn deal as Britain has blocked it and the US seeks to block. Microsoft…
Debt ceiling worries deepen as early June US default reinforced | Business and Economy News
The Washington standoff over raising the United States government’s $31.4 trillion borrowing limit is adding to global economic worries, as a new non-partisan congressional report…
Elon Musk reveals who is Twitter’s new CEO | Social Media News
Musk has hired Former NBCUniversal advertising chief Linda Yaccarino who modernised the ad business at the media firm. Former NBCUniversal advertising chief Linda Yaccarino will…
Pakistan’s reeling economy takes new hit from protests | Business and Economy News
Karachi, Pakistan – On a hot day in Karachi, Mohammad Junaid, an employee of Pakistan Railways, stops his motorcycle by the roadside to ask passersby…
Adidas to sell some Yeezy merchandise, donate proceeds | Business and Economy News
Millions of Yeezy brand shoes worth $1.3bn are in storage as their sale was halted when Adidas cut ties with Kanye West. Adidas will sell…
US wholesale price April data points to easing inflation pressure | Business and Economy News
While wholesale prices rose at modest levels, weekly unemployment claims hit a 1.5-year high, more than expected. Wholesale prices in the United States rose modestly…
US prosecutor query, Q1 loss hit Icahn’s already reeling stock | Business and Economy News
Since May 2, when short seller Hindenburg raised concerns about billionaire Icahn’s business, it has lost nearly 40 percent of its value. Billionaire Carl Icahn’s…
US prices stay high in April as inflation persists | Business and Economy News
Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation are…
What happens if the US defaults on its debt? | Business and Economy News
As a game of chicken plays out in Washington, DC, over whether to raise the limit on US government borrowing to avoid a default on…
HSBC quashes Ping An-backed protest vote at annual meeting | Business and Economy News
HSBC soundly defeated a bid to break up the bank and spin out its lucrative Asian business at its annual investor meeting in Birmingham, England…
DeSantis signs bill allowing Florida board to cancel Disney deals | Business and Economy News
It ups a battle that started last year when Disney criticised a new state law that banned discussions of sexual orientation and gender identity in…
US regional banks plunge as investors worry crisis not over | Business and Economy News
Uncertainty continued to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon that the worst of the recent crisis…
Republican debt cap plan to cut US jobs, slow growth: Economist | Business and Economy News
Moody’s chief economist told a US Senate panel that the Republican plan will ‘meaningfully increase’ recession chances. A Republican plan to cut federal spending in…
World Bank elects US nominee Ajay Banga president | World Bank News
He replaces David Malpass, who was criticised for his stance on climate change and will step down nearly a year early. The World Bank’s 25-member…
Icahn’s investment firm plunges, down 39% since Hindenburg report | Business and Economy News
Hindenburg has accused the company of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends. Shares of activist investor Carl Icahn’s investment…
US Fed hikes interest rates by 25 basis points, signals a pause | Business and Economy News
In the face of recent bank failures and debt cap negotiations, US Fed says it will study economy, inflation in coming weeks. The US Federal…
India’s Go First airline files for bankruptcy | Business and Economy News
Cash-strapped Indian airline Go First filed for bankruptcy proceedings on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet.…
US short-seller says iconic investor Icahn has ‘ponzi-like’ biz | Business and Economy News
Hindenburg Research said Carl Icahn takes money from new investors ‘to pay out dividends to old investors’. Iconic activist investor Carl Icahn was on Tuesday…
First Republic collapse sparks regional bank shares sell-off | Business and Economy News
With the third major casualty since March, depositors flee regional lenders, driving fears about other smaller banks. Shares of several regional lenders have fallen on…
DeSantis board approves suing Disney in response to lawsuit | Business and Economy News
The Disney lawsuit asks a judge to void the governor’s takeover of the theme park district previously controlled by it for 55 years. Days after…