Category: Business

Minister for Finance Paschal Donohoe has announced the commencement of the final phase of the State’s exit from its directed shareholding in AIB Group plc, marking a significant step in the Government’s plan to return Ireland’s banking sector to full private ownership. The exit will be executed through an accelerated bookbuild (ABB) transaction, a process […]

In a surprise announcement, Renault Group CEO Luca de Meo has resigned from his position, triggering a sharp decline in the company’s stock. Renault’s shares fell 6.9% by early afternoon in Paris, while Kering’s stock surged 9.6%, following reports that de Meo will take over as CEO of the struggling luxury conglomerate. Renault confirmed de […]

Amazon continues to solidify its position as the largest apparel and footwear retailer in the U.S., with estimated sales reaching $68 billion in 2023, according to Ike Boruchow, an equity analyst at Wells Fargo. This figure represents 13.2% of all apparel sales in the U.S. and an impressive 41.4% share of online apparel sales. Boruchow […]

JPMorgan strategists have issued a warning that a “fog of uncertainty” will weigh on global markets for the remainder of 2025, citing geopolitical tensions, unclear rate policies, and ongoing tariff impacts as key risk factors. Fabio Bassi, JPMorgan’s Head of Cross-Asset Strategy, stated that self-inflicted policy damage could push the U.S. economy closer to a […]

Industrial Logistics Properties Trust (Nasdaq: ILPT) has successfully priced $1.16 billion in five-year, interest-only fixed-rate mortgage financing. The financing is secured by a portfolio of 101 industrial properties located across the U.S. mainland and Hawaii. The transaction is expected to close on or around June 26, 2025. The proceeds, along with $75 million in cash […]

Prime Minister Narendra Modi arrived in Cyprus on Sunday, marking the first-ever visit by an Indian Prime Minister to the island nation. His visit, seen as a diplomatic milestone, comes ahead of the G7 Summit in Canada and reflects India’s renewed focus on deepening ties with European partners. Upon arrival at Larnaca International Airport, Prime […]

In a significant policy shift, the U.S. Securities and Exchange Commission (SEC) has formally withdrawn 14 proposed rulemakings introduced during former Chair Gary Gensler’s tenure. Among the withdrawn proposals were measures that aimed to expand the regulatory definition of securities to cover decentralized finance (DeFi) platforms and impose stricter requirements on digital asset custodians. This […]

In the old town of Nice, the 98-meter-long, three-masted barque arrived last week at Port Lympia, where UNOC3 is now under way. Built in 1914 and owned by Norway since 1921, the Statsraad Lehmkuhl – named for former Norwegian minister Kristofer Lehmkuhl – was refitted last year with state-of-the-art ocean science instruments, transforming it into […]

CAIRO, June 14, 2025 — In a major move to safeguard its energy future, Egypt has finalized a sweeping set of liquefied natural gas (LNG) supply agreements with some of the world’s top commodity traders, including Saudi Aramco, Trafigura, Vitol, and Shell. The landmark deal secures up to 160 cargoes of LNG, ensuring stable gas […]

“We close this historic week not just with hope, but with concrete commitment, clear direction, and undeniable momentum,” Li Junhua, the UN’s Under-Secretary-General for Economic and Social Affairs and Secretary-General of the summit, told reporters. Co-hosted by France and Costa Rica, the five-day event brought 15,000 participants, including more than 60 Heads of State and […]