UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
Treasury bill yields in Sri Lanka have fallen sharply across all maturities for the fifth consecutive week, with three-month bills dipping below the central bank’s Overnight Policy Rate (OPR) of 7.75%, reflecting
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Paramount Skydance’s audacious $108 billion bid to acquire Warner Bros Discovery (WBD) has cleared a major antitrust hurdle in the United States, marking a pivotal moment in the escalating clash with Netflix.
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OpenAI is preparing for an ambitious expansion, targeting roughly $600 billion in total compute spending through 2030, according to a source familiar with the matter. The move comes as the ChatGPT creator
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In a glittering ballroom at Mar-a-Lago, recently pardoned Binance founder Changpeng Zhao made a highly anticipated return to the United States, marking his first visit since his release from a California federal
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Prime Minister Sanae Takaichi has set her sights on eliminating the 8% consumption tax on food for two years, a key pledge in the lead-up to the February 8 Lower House election.
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The chief financial officer of Nippon Steel Corporation, Takahiko Iwai, told Bloomberg that the long-running steel glut driven by record Chinese exports may be approaching its end, offering hope for a recovery
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India’s AI ambitions took center stage on Thursday as two of its richest industrialists announced unprecedented investments in data centers and artificial intelligence services. Mukesh Ambani, chairman of Reliance Industries, declared at
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Volkswagen has received offers from leading private equity firms, including Blackstone, EQT, and CVC, for its Everllence division, the unit responsible for shipping engines and heat pumps. The initial offer deadline expired
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The International Monetary Fund has warned Japan against cutting its consumption tax, cautioning that the move could weaken fiscal stability at a time when borrowing costs on the country’s vast public debt
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The recent trade agreement between India and the United States sparked optimism in financial markets, yet analysts caution that the Indian rupee is likely to continue weakening over the coming year as
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