World
Paramount and Warner Bros merge on Tuesday. The combined company will be called Skydance
David Ellison says the name of his own production company will sit above both studios so neither brand is diminished. The merger takes…
Miraj S
World
$4 petrol turned Americans towards hybrids. Detroit had almost none to sell, so Asian brands took the quarter
Hyundai’s hybrid sales rose 39 per cent and Kia’s 152 per cent. Ford has one hybrid pickup and GM one hybrid model. Asian brands sold more…
World
US states are cutting fuel taxes to fight record prices. Analysts say drivers keep only part of the saving
Ohio suspended its gas and diesel taxes for 90 days. Research cited by CNN finds drivers typically capture only 60 to 80 per cent of a tax…
World
Trump announced a $54bn South Korean investment in Alaskan gas. Seoul says it never agreed to a figure
The US Commerce Department said only that the two sides would “commence working” on the Alaska pipeline, and gave no number. Seoul’s trade…
Bangladesh
A Dubai fintech won a Middle East innovation award. Its main back office is in Bangladesh
FundedNext took the Best Fintech Innovation Award from Entrepreneur Middle East. The UAE-based firm reaches 170 countries — and Bangladesh…
World
The 10-year US Treasury yield just hit its highest since 2002, and the 30-year UK bond topped 6% for the first time since 1998
Investors are fleeing the safest market in the world rather than running to it. The reasons are counterintuitive: an economy too strong…
World
The Bank of England governor is watching the money going into AI “very carefully” — and says not everybody always wins
Andrew Bailey says AI could trigger financial market shocks and the UK needs to be ready. Asked whether an AI bubble could burst, he said…
World
Oura filed to raise $2.2bn, then pulled the whole listing eight days later
The smart ring maker postponed its flotation citing “uncertainty in the IPO market”, days after filing. It is the second US tech listing…
Technology
Two Infinix phones can now talk to each other with no tower at all, up to 1.5km apart
UltraLink lets two handsets of the same brand exchange calls, messages and pictures without a mobile network. In open ground with no…
World
Diesel at $6.82 a gallon and fertiliser up 50%: a seventh-generation farmer is no longer sure he wants his children to take over
John Yeley’s family has farmed the same Illinois land since 1852. He is buying diesel 1,000 gallons at a time, hoping for a price drop that…
World
Washington and Beijing cut tariffs on $60bn of goods — and quietly agreed to call it “super intelligence”
Under a “30-for-30” framework each side takes $30bn of the other’s non-sensitive goods at reduced rates. China’s list runs to 1,619 items…
World
A city that declared war on its empty shops is filling them from the top floors down
Aberdeen’s Union Street was once packed with shoppers from across north-east Scotland. The council is now filling vacant units directly and…