Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global, Bloomberg News reported Wednesday. Ellison, son of Oracle founder Larry Ellison, has held discussions with Paramount about merging it with Skydance Media, after he takes…
FRANKFURT, Germany — European Central Bank President Christine Lagarde will likely push back Thursday against expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices. She will likely underline that the bank needs to see more proof…
For about two months, a barrage of missile and drone attacks in the Red Sea by Houthi militants has posed a difficult choice to shippers using the Suez Canal: risk an airborne strike and pay sharply higher insurance rates, or forgo the canal and take the longer route around Africa, snarling schedules and entailing higher…
KYIV, Ukraine — The U.N. High Commissioner for Refugees said Wednesday that he’s worried that the war in Ukraine has been forgotten as the country prepares to mark two years since the start of Russia’s full-scale invasion. UNHCR chief Filippo Grandi also told The Associated Press in an interview that it was important to remind…
TOKYO — Asian shares were mostly higher on Thursday, with Chinese stocks extending gains after Beijing announced a raft of policies to support sagging markets. Hong Kong rose 1.8% and Shanghai surged 3%. Benchmarks inched higher in Tokyo and Seoul. U.S. futures and oil prices advanced. Late Wednesday, the Chinese central bank announced a set…
Billionaire whose family trust owns the Tottenham Hotspur soccer club pleads guilty to insider trading in New York
JERUSALEM — A liquor store has opened in Saudi Arabia for the first time in over 70 years, a diplomat reported Wednesday, a further socially liberalizing step in the once-ultraconservative kingdom that is home to the holiest sites in Islam. While restricted to non-Muslim diplomats, the store in Riyadh comes as Saudi Arabia’s assertive Crown…
BANGKOK — China has rolled out new rules meant to expand access to commercial bank loans for property developers as Beijing doubles down on its effort to end a prolonged crisis in the real estate industry. The policies will allow real estate companies to use bank loans pledged against commercial properties such as offices and…
NEW YORK — Recent mass layoffs from technology and media companies, including eBay, Riot Games and the Los Angeles Times, might have you thinking about your job security. If you’re worried you could be laid off — or if you’ve lost your job — personal finance professionals and career advisers have recommendations for how to…
Japan’s NHK broadcaster says the man convicted in the arson attack on a Kyoto anime studio has been sentenced to death
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