Category: Business

It’s not news that Apple and Google use their app stores to shape what apps you can and cannot have on many of your devices. What is new is more governments—including the U.S. government—using legal and extralegal tools to lean on these gatekeepers in order to assert that same control. And rather than resisting, the […]

Sunoco LP has completed its US$9.1 billion acquisition of Canada’s Parkland Corporation, creating the largest independent fuel distributor in the Americas and marking one of the most significant cross-border energy deals of 2025. Deal Completion On 31 October 2025, U.S.-based Sunoco LP officially closed its cash-and-stock acquisition of Parkland Corporation, a Canadian fuel retailer and […]

The study, released on Monday, ahead of G20 meetings taking place later this month in Johannesburg, South Africa, shows that unequal access to housing, healthcare, education and employment leaves millions more exposed to disease. The report launched by UNAIDS – the global body’s agency dedicated to ending AIDS and HIV infection – finds inequality is not only […]

OpenAI has signed a landmark $38 billion agreement with Amazon Web Services (AWS) to secure vast computing power for training and deploying its next generation of artificial intelligence models. The deal marks OpenAI’s first major cloud partnership beyond Microsoft and underscores the escalating global race for AI infrastructure. A Landmark Partnership On 3 November 2025, […]

Berkshire Hathaway’s cash reserves have surged to a record $382 billion after reporting strong third-quarter earnings, underscoring the conglomerate’s conservative financial strategy and the strength of its insurance operations. Record Cash Holdings Berkshire Hathaway, the investment conglomerate led by Warren Buffett, reported that its cash pile climbed to $381.7 billion at the end of the […]

Swiss pharmaceutical giant Novartis has agreed to acquire U.S.-based Avidity Biosciences in a $12 billion all-cash deal, strengthening its late-stage neuroscience pipeline and expanding its presence in RNA-based therapeutics. Strategic Expansion into RNA Therapeutics On 26 October 2025, Novartis AG announced it had entered into a definitive agreement to acquire Avidity Biosciences, a California-based biotech […]

Ford has completed two pension buy-ins worth a combined £4.6 billion with Legal & General, marking the largest UK insurance transaction by value announced in 2025 and securing benefits for more than 35,000 retirees. Landmark Transaction Legal & General Assurance Society Limited (L&G) confirmed on 27 October 2025 that it had finalised two pension buy-in […]

A Midlands-based manufacturer has secured a prestigious £100,000 international defence contract to supply advanced LED lighting systems for the French Navy’s flagship aircraft carrier, the Charles de Gaulle. The deal builds on the company’s long-standing relationship with the UK Ministry of Defence. Prestigious International Order Voltacon Energy Systems, a renewable energy and lighting manufacturer based […]

That is the warning outlined in a new assessment released on Friday by the UN International Labour Organization (ILO), which urges governments, employers and labour organizations to put dignity and workers’ rights at the centre of economic decision-making. “This report brings together the voices, experiences and proposals of trade unions worldwide,” said Maria Helena André, […]

Nigeria has approved a 15% import duty on gasoline and diesel in a bid to protect domestic refining and reduce reliance on foreign fuel, as the Dangote refinery continues to face operational challenges. Presidential Approval Targets Market Realignment On 21 October 2025, Nigerian President Bola Tinubu authorized a 15% ad valorem import duty on Premium […]