Category: finance
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European Commission Weakens 2035 Ban on Petrol and Diesel Cars
The European Commission has scaled back its plan to ban the sale of new petrol and diesel vehicles by 2035, allowing carmakers more flexibility amid lobbying from Germany and other major automotive nations. Under the previous rules, all new cars sold from 2035 would have been required to be fully zero-emission. However, the revised plan
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Warner Bros to Reject $108 Billion Paramount Takeover Bid: What This Means for Hollywood
Warner Bros Discovery is reportedly preparing to urge its shareholders to reject Paramount Skydance’s staggering $108.4 billion takeover bid, according to recent industry reports. The move comes amid a rapidly evolving battle for one of Hollywood’s most iconic media companies, raising questions about the future of film and streaming in a highly competitive entertainment landscape.
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Paramount-Skydance Bid for Warner Bros Discovery Sparks Conflict of Interest Concerns
Paramount-Skydance’s hostile bid for Warner Bros Discovery has raised serious concerns about potential conflicts of interest and the impact on media independence in the United States, particularly at networks like CNN and CBS News. The proposed deal, valued at $108 billion, comes shortly after Warner Bros Discovery agreed to a separate $82.7 billion merger with
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Former ANZ CEO Shayne Elliott Sues Bank Over $9 Million Bonus Cut
Former ANZ Group CEO Shayne Elliott has launched legal action against the Australian banking giant, claiming the lender breached his departure contract by withholding bonuses worth A$13.5 million ($9 million). The case, filed in the New South Wales Supreme Court, revolves around Elliott’s remuneration for the 2025 financial year and highlights ongoing tensions over executive
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China’s Small Bank Mergers Shrink Sector but Heighten Financial Risks
China’s ambitious small bank consolidation drive has accelerated over the past year, but recent data shows that mergers of regional banks and rural lenders may be creating new financial risks. While Beijing aims to strengthen the country’s $8 trillion small banking sector, profit declines, shrinking capital buffers, and rising non-performing loans are testing the effectiveness
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India Eases Business Visas for Chinese Professionals to Strengthen Ties
India has streamlined business visa approvals for Chinese professionals, cutting bureaucratic hurdles and reducing approval times to less than a month. This major policy shift marks a significant step in improving India-China relations, addressing chronic delays that previously cost the Indian electronics sector an estimated $15 billion in lost production. The move comes as Prime
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Prada Launches $930 ‘Made in India’ Sandals Following Cultural Backlash
Italian luxury fashion house Prada has announced a limited-edition collection of sandals made in India, priced at around €800 ($930) per pair. This initiative comes in response to criticism over cultural appropriation and aims to collaborate with Indian artisans, blending traditional craftsmanship with Italian luxury design. The sandals, inspired by 12th-century Indian Kolhapuri chappals, will
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JD.com Pledges $3.12 Billion Housing Support for Couriers Amid Intense E-Commerce Competition
JD.com, one of China’s largest e-commerce giants, has announced a major investment in its delivery workforce, pledging 22 billion yuan ($3.12 billion) in housing support for its couriers. This initiative aims to improve the living conditions of delivery riders as competition in the instant retail market continues to escalate. The announcement was made via JD.com’s
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UK Christmas Spending Forecast to Rise 3.5% Despite Slow Start, Says PwC
Britons are expected to spend £24.6 billion ($32.9 billion) during the 2025 Christmas period, marking a 3.5% increase compared with 2024, according to a survey by PwC published Friday. Despite a slow start to festive trading in November, retailers anticipate stronger consumer activity in the weeks leading up to Christmas. With the UK’s headline inflation
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Japan’s Core Inflation Likely Steady at 3.0% in November Ahead of BOJ Rate Decision
Japan’s core inflation likely remained well above the Bank of Japan’s (BOJ) 2% target in November, according to a Reuters poll of economists, as moderating food price increases helped offset rising energy costs ahead of a widely anticipated rate hike next week. The nationwide core consumer price index (CPI), which includes energy but excludes fresh
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