Category: finance
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BP Appoints Meg O’Neill as CEO After Murray Auchincloss Steps Down
BP, one of the world’s largest energy companies, has announced the appointment of Meg O’Neill as its new chief executive, making her the first woman to lead a major global oil firm. The move comes as the London-based oil and gas giant seeks to refocus its strategy under fresh leadership after a turbulent period of
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Warner Bros Backs Netflix $72bn Deal Over Paramount’s $108bn Offer in Hollywood Shake-Up
Warner Bros Discovery has urged its shareholders to reject Paramount Skydance’s $108.4 billion (£80.75bn) takeover bid, choosing instead to move forward with a $72 billion deal with Netflix for its film and streaming businesses. This decision marks a dramatic twist in the high-stakes battle for one of Hollywood’s most iconic studios. The announcement highlights the
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U.S. Dollar Drifts Near 2-1/2-Month Lows Amid Soft U.S. Labor Data, Central Bank Uncertainty
Singapore, December 17, 2025 – The U.S. dollar wavered near its lowest levels since early October after November labor data indicated a softening in the U.S. job market, leaving investors uncertain about the timing of future Federal Reserve rate cuts. The dollar’s performance comes amid a flurry of global central bank activity, as policymakers across
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Fed’s Bostic Warns Against Further Rate Cuts: Risks Inflation and Credibility
Washington, D.C., December 16, 2025 – Raphael Bostic, President of the Federal Reserve Bank of Atlanta, cautioned that additional interest rate cuts in the United States could reignite inflation pressures and undermine the Fed’s credibility. In an essay published by the Atlanta Fed on Tuesday, Bostic emphasized that moving monetary policy into an accommodative stance
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Honda Recalls Over 70,000 Vehicles in the U.S. Over Reduced Brake Function
Washington, D.C., December 17, 2025 – Honda Motor Co. Ltd. has announced a recall of 70,658 vehicles in the United States due to a potentially reduced brake function that may increase the distance required to stop, raising the risk of vehicle crashes or injuries, according to the U.S. National Highway Traffic Safety Administration (NHTSA). Details
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Warner Bros Discovery Likely to Reject Paramount’s $108.4 Billion Bid, Stay Committed to Netflix Offer
Los Angeles/New York, December 17, 2025 – Warner Bros Discovery (WBD) is expected to reject Paramount Skydance’s $108.4 billion takeover bid, according to sources familiar with the matter, and remain aligned with Netflix’s $72 billion offer for the studio’s non-cable assets. The decision could be announced as early as Wednesday, potentially advising shareholders to vote
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Lithium Prices Surge in China After Authorities Announce Revocation of Mining Licenses
Shanghai, December 17, 2025 – Lithium prices in China soared on Wednesday after the Bureau of Natural Resources in Yichun, a major lithium-producing hub in Jiangxi province, announced plans to revoke 27 mining licenses. The move sent the most-active lithium carbonate contract on the Guangzhou Futures Exchange to a session high of 109,860 yuan ($15,592.27)
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Indian Rupee Surges on RBI Intervention, Logs Best Day in Two Months
Mumbai, December 17, 2025 – The Indian rupee made a strong comeback on Wednesday, posting its best one-day gain in two months after decisive intervention by the Reserve Bank of India (RBI) halted a five-day losing streak. The currency closed at 90.38 per U.S. dollar, up 0.7% from Tuesday’s close of 91.0275, reversing losses from
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Privacy Group Alleges TikTok Tracked Grindr Activity via Third-Party Analytics Firm
Vienna, December 17, 2025 – A European privacy advocacy group, None of Your Business (noyb), has filed complaints with Austria’s data protection authority against TikTok, Grindr, and mobile analytics firm AppsFlyer, alleging that the companies violated the EU General Data Protection Regulation (GDPR) by tracking user activity across apps without consent. The complaints claim that
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Diageo Sells 65% Stake in East African Breweries to Asahi for $2.3 Billion
Nairobi/London, December 17, 2025 – Diageo PLC, the world’s largest spirits producer, has agreed to sell its 65% stake in East African Breweries Limited (EABL) to Japan’s Asahi Holdings for $2.3 billion, marking the company’s exit from its last direct African beer investment. The transaction values EABL, a Nairobi blue-chip stock and one of East
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