NEW YORK: SpaceX delivered a historic debut on the stock market on Friday, becoming the most valuable company ever to…
Category: News
Global Investors Hit the ‘Sell Indonesia’ Button as Confidence in Prabowo Wavers
JAKARTA: Indonesia is facing one of its most severe investor retreats in decades as foreign funds pull money out of…
GSK to Acquire US Cancer Drug Developer Nuvalent in US$10.6 Billion Deal
LONDON, June 10 – British pharmaceutical giant GSK has agreed to acquire US biotechnology company Nuvalent for US$10.6 billion, strengthening…
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…
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…
Qualcomm Wins as UK Consumer Lawsuit Over Chip Royalties Is Dropped
LONDON — A major consumer lawsuit accusing semiconductor giant Qualcomm of abusing its market dominance has been withdrawn in the…
SFO Wins Convictions in £70 Million ‘Green Investment’ Fraud Case
LONDON: The UK’s Serious Fraud Office (SFO) has secured convictions against three former company directors over a £70 million investment…
SFO arrests six in £300m fraud and bribery probe linked to Home REIT
LONDON: The UK’s Serious Fraud Office (SFO) has arrested six individuals as part of an ongoing investigation into suspected fraud…
Dutch Supreme Court Upholds US$50b Yukos Award Against Russia
AMSTERDAM – The Dutch Supreme Court has delivered a final blow to Moscow’s long-running legal challenge, rejecting Russia’s appeal against…