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US Justice Department Approves Paramount Skydance $111bn Warner Bros Deal

The US Department of Justice has approved Paramount Skydance's $111bn acquisition of Warner Bros Discovery, a deal facing state reviews and legal challenges.

2 min read

Elon Musk Becomes World's First Trillionaire as SpaceX Debuts on Nasdaq

Elon Musk became the world's first trillionaire as SpaceX's stock soared in its historic Nasdaq debut, raising $75bn. Despite losses and uncertainty, investor enthusiasm remains high for Musk's ambitious space and AI ventures.

6 min read

SpaceX Debuts on US Stock Market After Record $75bn IPO

SpaceX launches on the US stock market after raising $75bn in the largest IPO ever, valuing the company near $1.8 trillion amid strong investor demand and mixed analyst views.

3 min read

UK Economy Contracts 0.1% in April Amid Services Sector Decline

The UK economy shrank by 0.1% in April, driven by a decline in services output, partially offset by construction gains, according to the ONS.

1 min read

India's Agave Industry Emerges, Transforming Desert Plant into 'Blue Gold'

India's agave industry is emerging as farmers harvest wild agave plants to meet rising demand for agave spirits. Pioneers and entrepreneurs are developing the sector despite challenges in cultivation, harvesting, and standardization, with potential to rival Mexico's tequila market.

6 min read

SpaceX Valued at Nearly $1.8 Trillion Ahead of Historic IPO

SpaceX plans to sell shares at $135 each in its IPO this Friday, valuing the company at nearly $1.8 trillion and potentially making Elon Musk the first trillionaire.

2 min read

ECB Raises Eurozone Interest Rates Amid Middle East Crisis Impact on Economy

The ECB raised eurozone interest rates by 25 basis points due to inflation pressures from the Middle East conflict, revising growth and inflation forecasts amid economic uncertainty.

8 min read

ECB Hikes Eurozone Interest Rates Amid Inflation Rise Linked to Iran Conflict

The ECB raised its main deposit rate to 2.25% due to inflation pressures linked to the Iran war, with two more hikes expected by next spring as oil prices stay high.

2 min read

CMA Investigates Ryanair Over Charges for Parents Sitting with Children

The CMA is investigating Ryanair over fees charged to parents for sitting with their children, examining if these charges violate consumer law. Ryanair denies wrongdoing, calling the probe "bogus." The inquiry also reviews pricing transparency during booking.

4 min read

South Korea Fines Coupang $400M for Massive Data Breach Affecting Millions

South Korea fined Coupang over $400m for a data breach exposing 30 million customers' personal data, marking the largest penalty by the PIPC for such an incident.

3 min read

Mike Ashley's Frasers Proposes £1.73bn Takeover of Hugo Boss

Mike Ashley's Frasers offers €1.98bn (£1.73bn) to acquire remaining shares of Hugo Boss, aiming to complete the takeover by year-end. Hugo Boss will review the unsolicited bid. Frasers also holds a significant stake in Boohoo and has a complex relationship with the company.

3 min read

Candy Stores Thrive in New York Amid Economic Challenges

Despite low US consumer confidence, New York's candy stores thrive as affordable treats attract customers amid economic uncertainty. Economy Candy, BonBon, and others adapt strategies to sustain growth despite rising costs.

4 min read