US investment Firm RedBird to buy UK’s Daily Telegraph newspaper | Business and Economy
Abu Dhabi’s IMI will take a minority stake in the company of no more than 15 percent.A consortium led by US investment firm RedBird Capital…
FTC abandons Biden-era effort to block Microsoft’s purchase of Activision | Business and Economy News
It was the second time in one day that the FTC pulled out of litigation begun during the Biden administration.The Republican-controlled Federal Trade Commission is…
Trump threatens 50% tariffs on EU, 25% on Apple, ratcheting up trade war | Trade War News
US President Donald Trump has threatened a 50-percent tariff on all imports from the European Union and 25-percent on Apple products unless iPhones are made…
Is United States debt becoming unsustainable? | Business and Economy
Moody’s ratings agency has stripped the US of its last perfect credit rating.United States debt has long been considered the safest of all safe havens.But,…
G7 vows to address global economic ‘imbalances’, considers Russia sanctions | Russia-Ukraine war News
The group said it would call for analysis on international supply chain resilience.Finance ministers and central bank governors from the Group of Seven (G7) democracies…
JPMorgan’s Dimon warns of US stagflation risk: Report | Business and Economy
Economists echo Dimon’s concerns as US credit downgrade and tariff-driven uncertainty continue.JPMorgan Chase CEO Jamie Dimon has warned that he can’t rule out the possibility that…
US House passes tax and spending bill by single vote | Tax News
The Republican-controlled US House of Representatives has passed the “Big, Beautiful Bill”, the sweeping tax and spending bill by a single vote. The legislation, which…
Target cuts annual forecast as tariffs, boycotts weigh on sales | Business and Economy
Target has slashed its annual forecasts amid a pullback in discretionary spending due to tariff-driven uncertainty and a backlash against shifts in its diversity, equity…
UnitedHealth paid nursing homes to reduce hospital transfers: Report | Business and Economy
In one case, a person suffered permanent brain damage because of a delayed transfer, The Guardian newspaper reported.UnitedHealth has allegedly secretly paid nursing homes to…
UK retailer M&S puts cyberattack cost at $400m as disruptions continue | Cybercrime News
Disruption from the ‘highly sophisticated and targeted cyber attack’, first reported around Easter weekend, continues.British retailer Marks & Spencer estimates that a cyberattack that stopped it…
Will EU deal make food cheaper, add $12bn to the UK economy? | Agriculture News
UK Prime Minister Keir Starmer has announced a “landmark deal” with the EU that lays the ground for closer collaboration with the bloc. Nearly nine…
Trump says US will put weapons in space as part of ‘Golden Dome’ plan | Military News
Washington, DC – United States President Donald Trump and Secretary of Defense Pete Hegseth have laid out their clearest plan yet for the “Golden Dome”…
Musk commits to staying Tesla CEO for another five years | Business and Economy
Elon Musk has claimed a turnaround in Tesla sales after a slump even as Starlink, the internet service provider that he owns, is growing.Elon Musk…
Public workers in Africa see wages fall by up to 50% in five years: Survey | Poverty and Development News
Public spending cuts across six African countries have resulted in the incomes of health and education workers falling by up to 50 percent in five…
The US has $36 trillion in debt. What does that mean, and who owns it? | Business and Economy News
On Sunday, a key congressional committee in the United States approved President Donald Trump’s new tax cut bill, which could pass in the House of…
Regeneron buys 23andMe for $256m after bankruptcy | Business and Economy
Sale of genetic testing company raises concerns about privacy of 23andMe’s 15 million customers.Regeneron Pharmaceuticals has bought the genetic testing company 23andMe, a company once…
China’s industrial output, retail sales dip amid US trade tensions | International Trade News
Despite slowdown, data points to reliance of Chinese economy in the face of Donald Trump’s tariffs.China’s industrial output and retail sales growth have slowed amid…
Trump’s massive tax cut bill passes key US House committee vote | Donald Trump News
Nonpartisan analysts say bill would add $3-5tn to the nation’s $36.2tn debt over the next decade.United States President Donald Trump’s sweeping tax-cut bill has won…
Trump’s tariffs are failing, but the old model won’t save us either | Business and Economy
On May 12, the United States and China announced that they are putting reciprocal tariffs on pause for 90 days. Some tariffs will be retained while…
Charter Communications to buy rival Cox for $21.9bn | Media News
The proposed merger, which would create the largest cable provider in the US, could face antitrust hurdles.Charter Communications has agreed to buy its rival Cox…