Ant Group’s global unit pulls in US$3 billion in revenue ahead of spin-off.
Jack Ma-backed Ant Group’s international division generated nearly US$3 billion in revenue for 2024, according to people familiar with the matter, setting the […]
EU Set To Spend an Extra €10 Billion on Gas Refill.
The European Union is facing additional costs of 10 billion euro, or $11.2 billion to refill its natural gas storage caverns this […]
British stocks rise on trade optimism.
British equities closed higher on Friday, as the recent de-escalation of the global tariff war supported risk appetite, while investors anticipate more […]
Strathcona Makes Takeover Offer for MEG Energy.
Strathcona has made an offer to acquire sector player MEG Energy for the equivalent of some $4.25 billion in cash and stock, per Reuters calculations. […]
Japan’s GDP Shrinks Annualized 0.7％ in Jan.-March; U.S. Tariff Impact Feared to Extend Drop in April-June.
Japan’s inflation-adjusted real gross domestic product shrank 0.2% in January-March 2025 from the previous quarter after seasonal adjustment, the Cabinet Office said […]
U.S. and UAE Announce $440 Billion in Energy Investments.
The United States and the United Arab Emirates (UAE) expect to invest a total of $440 billion in the energy sector through […]
EU Approves New Sanctions Targeting Russia’s Shadow Tanker Fleet.
Representatives of the EU’s 27 member states approved on Wednesday a new sanctions package against Russia, targeting another nearly 200 tankers of the shadow […]
H&F’s Hub lands US$29 billion valuation in $1.6 billion round
Hellman & Friedman-backed Hub International Ltd. has raised US$1.6 billion in fresh equity in a funding round that values the insurance brokerage […]
Carrier to invest $1 billion to boost US production.
Carrier Global on Tuesday announced plans to invest $1 billion over five years in the United States, in response to President Donald […]
US, China Reach Agreement To Slash Tariffs By 115% For 90 Days
The United States and China have announced that they have reached a deal to reduce reciprocal tariffs temporarily, as the world’s two […]
Gold could soar 80% to $6,000 if there’s even a minuscule shift away from US assets, analysts say
Analysts at JPMorgan estimated that the price of gold could reach $6,000 per ounce by 2029, up from about $3,300 now, if just […]
GCC family offices emerge as new venture capital powerhouses
Family offices in the GCC are undergoing a significant transformation. Once focused primarily on managing and preserving wealth, these entities are now […]