LONDON, June 10 – British pharmaceutical giant GSK has agreed to acquire US biotechnology company Nuvalent for US$10.6 billion, strengthening…
ECB Poised to Raise Interest Rates as Middle East Conflict Fuels Inflation
FRANKFURT – The European Central Bank (ECB) is widely expected to increase interest rates this week as escalating tensions in…
BBC Faces Deep Job Cuts as Financial Strain Intensifies
The BBC is preparing for a major workforce reduction, with plans to eliminate up to 2,000 roles as mounting financial…
UK Economy Rebounds Sharply, But Energy Shock Clouds Outlook
The United Kingdom economy delivered a stronger-than-expected performance in February, offering a brief sign of resilience before mounting geopolitical risks…
£10 Billion Sale of UK Port Giant Draws Global Infrastructure Heavyweights
LONDON, April 8 — A high-stakes sale of a controlling interest in Associated British Ports (ABP) is beginning to attract…
UK Fines Apple Unit for Breaching Russia Sanctions
LONDON — The United Kingdom has fined a subsidiary of Apple £390,000 (US$516,000) for breaching financial sanctions related to Russia,…
UK Weighs Targeted Support for Households as Energy Costs Surge
LONDON — The British government is considering targeted financial support for lower-income households as energy costs rise sharply in the…
IJM Now Under Investigation on Three Fronts: £476.5 Million Overseas Deals, Questionable Project and Sunway Share “Tip-Off” Claims
The Malaysian Anti-Corruption Commission (MACC) has confirmed that three investigation papers have been opened into several issues involving IJM Corporation…
Sunway’s Bid for IJM ‘Not Fair’ and ‘Not Reasonable’, Independent Adviser Says
KUALA LUMPUR — Sunway Bhd’s takeover offer for IJM Corporation Bhd has been deemed “not fair” and “not reasonable” by…
Dollar Jumps as US-Iran War Sends Oil Above US$100, Shakes Global Markets
The US dollar surged to its strongest level in three months against the euro on Monday as escalating conflict between…