Bondholders are suing the telecoms mogul, alleging he illegally shifted key assets beyond their reach. His cable group Optimum has $6 bln in debt due next year, but not enough cash to repay it.
The $20 trln economy is burdened with slow growth, bad loans, and overcapacity. President Xi Jinping has cracked down on ...
Neocloud Firmus has just nixed its $5 bln listing. Market volatility was a factor. But investors baulked at the price for a strategy-shifting data centre operator with little track record that just ...
The heartland risks a permanent loss of export markets as China slashes soybean and grain purchases. Price increases of 50% for diesel and fertilizer add to the pain. A midterm voter rebuke of ...
Berlin is re-privatising the energy group, which it rescued in a €14 bln 2022 bailout. Its ambition to keep the company’s disparate parts under one roof rests on shaky logic about energy security.
After decades of trading between buyout shops and pharmacy groups, the UK drugstore operator has found a long-term owner in Canada's Weston family. The $8.9 bln price tag looks fair – provided the ...
South Korea's $1.3 trln chip giant is set to earn $282 bln in operating profit this year, more than Nvidia. But Samsung's commodity memory business, hefty capital spending and rising pressure to ...
Groups like PepsiCo and Kraft Heinz are rolling out protein-laced versions of Doritos, mac-and-cheese and even beer.
Nvidia-backed Firmus is scrambling to save its listing after cutting the price 25%, AFR reports. The Australia-based data centre developer is using a quirky but easy to massage metric to justify a ...
The Tesla boss took a massive gamble that building EV factories ahead of rivals would generate profit. Now he is mulling borrowing $40 bln to buy chips from Nvidia for data centers. If things go ...
The $4.3 bln toy maker behind Barbie is under pressure from activists. A mooted $6 bln bid from Authentic Brands would fill ...
Mayor Zohran Mamdani unveiled a $22 bln plan to ameliorate painful rent hikes. Just as in London or Paris, however, it’s at tension with local budgets and middle-class wealth. Success elsewhere ...
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