Business

House Approves $500 Million Military Aid for Taiwan in New Bill

The US House of Representatives has approved a new appropriations bill for the upcoming fiscal year, which notably includes US$500 million in Foreign Military Financing for Taiwan. This bill,...

Energy Prices Drop, Bringing US Inflation Down to 3.5% in June

Inflation in the United States decelerated to 3.5% in June, primarily due to a temporary downturn in energy...

Apollo’s £5.7 Billion Offer Initiates Takeover Battle for easyJet

Apollo, a US-based private equity firm, has made a significant move to acquire easyJet with a £5.7 billion...

US Confronts Germany in Ongoing Battle Over Drug Pricing Dispute

The United States government has initiated an investigation into the pricing system for pharmaceuticals in Germany, alleging that...

Castlelake Publicizes £4.7bn Bid After easyJet Declines Third Offer

US investment firm Castlelake has made public its £4.7 billion takeover bid for easyJet following the airline's rejection...

AI Stock Sell-Off Triggers Valuation Fears, Plunges Global Markets

On Tuesday, global financial markets experienced significant turbulence, driven by a sharp sell-off in artificial intelligence and technology stocks. This shift diverted investor focus...

US-Iran Accord Restores Strait of Hormuz Shipping, Oil Prices Drop

Global oil prices have decreased as tanker traffic resumes through the Strait of Hormuz, following a temporary peace deal between the United States and...

Markets Surge Amid Anticipation of Strait of Hormuz Reopening, Oil Prices Drop

In a significant development, global oil prices have dropped sharply, while stock markets worldwide have surged following reports of a peace agreement between the...

US-Iran Talks Uncertainty Lowers Demand, Gold Prices Decline

Gold prices fell this week as the markets were influenced by the ongoing uncertainty surrounding negotiations between the United States and Iran, which are...

EasyJet Dismisses £3 Billion Castlelake Takeover Bid Amid Share Rise

EasyJet has characterized a potential acquisition bid from Castlelake, a U.S.-based investment firm, as "highly opportunistic," arguing that the airline's current stock valuation does...