Category: Business

Today the U.S. House of Representatives passed the TAKE IT DOWN Act, giving the powerful a dangerous new route to manipulate platforms into removing lawful speech that they simply don’t like. President Trump himself has said that he would use the law to censor his critics. The bill passed the Senate in February, and it now heads to the president’s desk.  The takedown provision […]

Speaking at UN Headquarters in New York, Secretary-General António Guterres, General Assembly President Philémon Yang and Economic and Social Council President Bob Rae stressed the need for more resources and a global financial overhaul. Without an effective response, they stressed, the world risks falling even further behind on ending poverty, fighting climate change, and building […]

When US president Donald Trump took office in January he inherited a strong economy, which was growing faster than those of many of its rivals. Nevertheless, he won the election in November on the back of strong voter dissatisfaction with the economy, especially the cost of living. This is the legacy of high inflation sparked […]

Nomura Holdings, Japan’s largest investment bank, has agreed to acquire the U.S. and European public asset management operations of Australia’s Macquarie Group for $1.8 billion, in a strategic move to expand its global footprint and strengthen its fee-based business. The deal is expected to close by the end of 2025, pending regulatory approvals. The acquisition […]

Capital One’s $35 billion acquisition of Discover Financial has cleared its final regulatory hurdle, with U.S. regulators — including the Federal Reserve — granting formal approval for the deal to proceed. The merger is now slated to close on May 18, marking one of the largest consolidations in the U.S. financial services sector in recent […]

The European Commission has initiated a formal investigation into Universal Music Group’s (UMG) proposed $775 million acquisition of Downtown Music Holdings, citing potential anti-competitive concerns within the European Union. UMG, the world’s largest music label, announced the acquisition through its Virgin Music Group unit in December 2024, with plans to finalize the deal in the […]

The U.S. dollar has begun the week on a stable note, recovering from recent lows, as markets anticipate a week filled with significant economic data and corporate earnings reports. Dollar Stabilizes Amid Trade Developments After hitting a three-year low last week, the U.S. dollar index (DXY) has found support, trading at 99.792. This rebound follows […]

Toyota Motor Corporation is exploring a potential ¥6 trillion ($42 billion) buyout of its major subsidiary, Toyota Industries, in a move that could significantly reshape Japan’s corporate landscape. The proposal, reportedly spearheaded by Toyota Chairman Akio Toyoda and his founding family, aims to simplify the conglomerate’s complex cross-shareholding structure and consolidate control over its sprawling […]

A few days ago, in a move that attracted international attention, the White House threatened to strip Harvard University of US$2 billion (£1.5 billion) in federal funding, potentially revoke its tax-exempt status and even prevent it from enrolling international students if it didn’t capitulate to a new list of demands. The five-page ultimatum reads like […]

Ola Bini was first detained in Quito’s airport six years ago, called a “Russian hacker,” and accused of “alleged participation in the crime of assault on the integrity of computer systems.” It wouldn’t take long for Ecuadorean authorities to find out that he was Swedish and an internationally respected free software developer and computer expert.  […]