The Murdoch Succession Fight Is Over. So What Does Lachlan Control?
From Fox News to Tubi to HarperCollins, here’s what is in the media empire that Rupert Murdoch built. Source link
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IPO watch: LG Electronics may launch India arm IPO in October; Rs 15,000-crore issue in works
South Korea’s LG Electronics is gearing up to launch the initial public offering (IPO) of its Indian subsidiary in October, banking sources aware of the matter told ET. The consumer electronics major is planning to raise around Rs 15,000 crore through the share sale, making it the largest IPO of 2025 so far.According to one…
PNC expansion: Bank to acquire FirstBank for $4.1 billion, deal to boost presence in Colorado and Arizona
PNC Financial Services has announced plans to acquire Colorado-based FirstBank in a $4.1 billion transaction, marking a significant expansion of its footprint in the US retail banking market.Headquartered in Lakewood, Colorado, FirstBank—also known as 1stBank—operates 120 branches and holds $26.7 billion in assets. The lender is privately held, though shareholders owning 45.7% of the company…
Raid on Georgia E.V. Battery Plant Raises New Risks for a Shaken Industry
Foreign manufacturers were already dealing with tariffs and the end of E.V. tax credits. Now, they face greater scrutiny of their workers’ immigration status. Source link
‘US has long benefitted from free trade’: Chinese envoy slams 50% tariffs on India; calls them ‘unfair, unreasonable’
China took aim at the United States on Monday, sharply criticizing its 50% tariffs on Indian imports, calling the move “unfair, unreasonable” and making it clear that Beijing firmly opposes the move.China’s ambassador to India, Xu Feihong said that Washington has long taken advantage of free trade, but is now using it as a weapon.Speaking…
China’s Exports to Africa Are Soaring as Trade to U.S. Plunges
Already this year, China’s trade surplus with Africa is nearly as big as all of 2024, a sign of how President Trump’s tariffs are reshaping the flow of goods. Source link
Switching to E20 blended fuel: Why are vehicle owners worried? Explained
The government’s rollout of E20, a new ethanol-blended petrol, has sparked panic and confusion across India, the world’s third-largest auto market.Since its nationwide rollout in April, the move has sparked public concern and confusion, with many worried about how it might affect their vehicles and calling for more options in ethanol fuel blends like the…
DJI’s Chinese Drones Face U.S. Ban
Farmers, builders and police officers use drones made by DJI, a Chinese company. Trump and his allies want to stop all imports. Source link
Infosys buyback plan: Board to consider equity repurchase; company to hold key meeting on September 11
Infosys, India’s second-largest IT services company, on Monday said its board will consider a proposal for the buyback of equity shares on September 11, PTI reported.In a BSE filing, the company said, “…the Board of Directors of Infosys Limited will consider a proposal for buyback of fully paid-up equity shares of the company at its…
US markets today: Wall Street ticks higher near record levels; Robinhood and EchoStar surge on key announcements
US stocks edged higher on Monday as investors prepared for a week packed with critical economic data that could influence whether, and by how much, the Federal Reserve adjusts interest rates at its next policy meeting in a week.The S&P 500 rose 0.3%, hovering just below the record level it reached last week. The Dow…