US court prohibits Penguin and Simon & Schuster combination
A judge in the United States has banned the $2.2 billion (£1.9 billion) merger between the world’s largest book publisher, Penguin Random House, and its ... Read more
PM Shehbaz Sharif wants more commerce and investment with China.
Before his first official visit to the neighboring nation, Prime Minister Shehbaz Sharif stated that Pakistan wishes to develop its commercial and investment ties with ... Read more
After Russia leaves Black Sea export arrangement, food shortages and inflation grow.
After expectations that Russia’s attempt to restrict exports from Ukraine will exacerbate shortages and exacerbate the inflation situation, food prices increase once more. As a ... Read more
Musk Twitter takeover: Billionaire denies intentions to terminate employees to dodge compensation.
Elon Musk has rejected a New York Times story that he intends to lay off Twitter employees before the beginning of the following month to ... Read more
Amazon falls 20%: Tech sector suffers as online retailer’s stock falls on
Amazon joined the despair and gloom of the tech sector yesterday night when their shares plunged by about a fifth. The online retail giant’s stock ... Read more
Westminster has more electric car charging spots than Birmingham.
The United Kingdom is slipping farther behind its plans for its electric car charging infrastructure, and a widening difference in the availability of public charging ... Read more
Allwyn discussions to buy Camelot UK for £100m.
Allwyn Entertainment is in advanced negotiations to acquire the business it will replace as operator of the UK’s National Lottery in February 2024. The next ... Read more
The CEO of NatWest defends the amount of tax banks pay.
Alison Rose stated that financial and political stability is required after the economic turbulence brought about by Liz Truss’s mini-budget. State-controlled NatWest’s CEO has defended ... Read more
Despite inflation, the US economy is holding its own.
The US economy has performed better than anticipated, as consumers continue to spend despite rising prices and borrowing costs. After two consecutive quarters of contraction, ... Read more
Shares of Facebook’s parent company fall 20% as investors lose confidence.
Following a disappointing set of financial reports from the digital behemoth, shares of Meta, which owns Facebook and Instagram, have dropped by over 20%. It ... Read more
Shell’s Q3 2022 profits were $9.5bn, down from the first half’s record.
In the first half of the year, the London-listed oil and gas corporation posted record earnings due to rising oil and gas prices. Shell announced ... Read more
Mercedes-Benz leaves Russia.
Mercedes is the most recent Western corporation to withdraw from Russia, following Ukraine’s incursion in February. Early in March, the German company ceased manufacturing and ... Read more