Paramount Skydance’s $108-billion hostile bid to buy out Warner Brothers Discovery was possible because government funding arms in Qatar, Saudi Arabia, and the United Arab Emirates were willing to lend most of that amount to the deal.
Tag: Global Economy
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SILVER SETS RECORD PRICE ABOVE $60 AN OUNCE
On 9 December, silver’s price jumped 4 percent to $60.40 an ounce, its first time above $60. The price closed on 15 December at TK.
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OIL SUPER GLUT’ DUE IN 2026, MAJOR TRADER FORECASTS
Next year, the world will be inundated by an oversupply of oil amid a sluggish global economy, creating a “super glut” of oil, according to Saad Rahim, chief economist for Trafigura, one the world’s leading commodities traders.
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SPOTLIGHT: BIGS GETTING BIGGER
As we have detailed, the Trump administration’s laissez-faire attitude toward major mergers and acquisitions has persuaded a growing number of companies “to take a shot at deals that merge direct competitors,” The Wall Street Journal reported after talking with executives, investment bankers, and lawyers in the field.
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CHINA’S PHONE MAKERS ARE PEELING AWAY APPLE’S IPHONE USERS
China’s leading smartphone makers now offer apps that enable iPhone users to switch smoothly to domestically made phones.
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LUXURY FIRM MUST DOWNSIZE, REBALANCE, CEO SAYS
To revive its flagging fortunes, luxury house Kering must continue to close stores, rethink its pricing strategy, seek synergies with other retailers, and reduce its dependence on flagship brand Gucci, CEO Luca de Meo said in a recent memo to senior staff.
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TAIWAN’S AI BOOM LEAVES OTHER SECTORS BEHIND
Artificial intelligence fever has swept Taiwan, lifting the island nation’s GDP by 8 percent in this year’s third quarter. However, that growth has overshadowed the country’s larger economic weakness.
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DOES THE ITALIAN NATIONAL BANK’S GOLD BELONG TO ‘THE PEOPLE’?
The Brothers of Italy, prime minister Giorgia Meloni’s ruling political party, has proposed that the gold now on the balance sheet of the Bank of Italy, should be declared the property of the Italian people.
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PLUG-IN HYBRID CARS ARE HAVING A MOMENT IN EUROPE
European drivers have discovered plug-in hybrid gas-electric cars (PHEVs), extending the market life of internal combustion engines and validating Toyota’s strategic decision years ago to focus on hybrids instead of all-electric cars (EVs).
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INDIA’S OIL DEMAND WILL GROW FASTER THAN CHINA’S IN 2026
Next year, for the first time, India’s growth in oil consumption will be greater than China’s, chief economist Saad Rahim at commodities trader Trafigura Group told the Financial Times Asia Commodities Summit last week.