Category: business
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Bill Ackman Considers Dual Public Offerings for Pershing Square and New Fund
Billionaire investor Bill Ackman is reportedly planning to take both his hedge fund firm, Pershing Square Capital Management, and a new investment vehicle, Pershing Square USA, public early next year, according to the Wall Street Journal, citing sources familiar with the matter. The proposed move would mark a major milestone for Ackman, whose high-profile activist
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Leicester Tigers Maintain Perfect Prem Rugby Cup Start with Double from Joaquin Moro
Leicester Tigers extended their unbeaten run in the Prem Rugby Cup with a commanding 34-22 victory over fierce rivals Northampton Saints at Mattioli Woods Welford Road on November 21, 2025. Argentina international Joaquin Moro starred for the home side, scoring two crucial first-half tries that set the tone for the Tigers’ fourth consecutive win in
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U.S. Consumer Bureau to Maintain Limited Oversight in 2026 Instead of Full Dismantling
The U.S. Consumer Financial Protection Bureau (CFPB) announced on November 21, 2025, that it will continue supervising financial institutions on a limited basis in 2026, signaling a notable shift from the prior direction under acting Director Russell Vought, who had previously pledged to dismantle the agency entirely. Despite significant scaling back under the second Trump
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Swiss Regulator Warns Mortgage Risks Are Rising as Banks Stretch Lending Rules
Switzerland’s financial market regulator, FINMA (Swiss Financial Market Supervisory Authority), has issued a warning about growing risks in the Swiss mortgage market, citing that banks are increasingly stretching their lending criteria as property prices continue to rise. In a recent interview with Swiss news outlet Blick, FINMA CEO Stefan Walter highlighted the potential danger of
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Babcock Sees Profit Surge as Frigate Contract Bids Move ‘in Right Direction’
British engineering and defence giant Babcock International (BAB.L) reported a strong 19% increase in first-half profit, while signaling progress on its bids to build frigates for Sweden, Denmark, and Indonesia. CEO David Lockwood described the bids as moving “in the right direction,” highlighting the company’s strategic positioning in a market benefiting from rising global defence
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Eli Lilly Becomes First Drugmaker to Reach $1 Trillion Valuation Driven by Weight-Loss Drug Demand
Eli Lilly (LLY.N) made history on November 21, 2025, becoming the first pharmaceutical company to achieve a $1 trillion market valuation, a milestone traditionally dominated by tech giants such as Apple and Alphabet. This remarkable achievement underscores Lilly’s rapid ascent in the weight-loss drug market, fueled by the massive success of its obesity and diabetes
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Permian Basin Shows Strain as $60 Oil Hits Shale Industry, Layoffs Rise
MIDLAND, TEXAS – November 21, 2025 – The Permian Basin, the heart of the U.S. shale industry, is beginning to show the economic strain of sustained low oil prices, even as production remains high. Local businesses and oilfield workers are feeling the pinch as West Texas oil prices hover around $60 a barrel, raising concerns
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UK Serious Fraud Office Investigates $28 Million Cryptocurrency Collapse
LONDON – November 20, 2025 – The United Kingdom’s Serious Fraud Office (SFO) has launched an investigation into the collapse of a $28 million cryptocurrency scheme, urging affected investors to come forward following the arrest of two men suspected of fraud and money laundering. This marks the SFO’s first major probe into the cryptocurrency sector,
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German Private Sector Growth Slows in November as Manufacturing Contracts
Berlin – Germany’s private sector growth lost momentum in November, according to a preliminary Purchasing Managers’ Index (PMI) survey released on Friday, with the manufacturing sector contracting and the services sector expanding at a slower pace than expected. The data highlights a mixed picture for Europe’s largest economy as it heads into the fourth quarter.
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French Economy Shows Signs of Stabilisation in November as Services Sector Expands
Paris – France’s business activity nearly stabilized in November, driven by unexpected growth in the services sector, which helped offset a sharper-than-anticipated decline in manufacturing output, according to a survey released on Friday. The data suggests that while the French economy faces ongoing challenges, there are emerging signs of resilience in key sectors. The HCOB
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