The International Monetary Fund (IMF) has urged governments and central banks to maintain price stability and credible fiscal policies as the global economy faces continued uncertainty from geopolitical tensions, inflation, and rapid technological change. Speaking at the Atlantic Council, IMF Strategy Director Christian Mumssen said recent shocks—including the pandemic, conflicts, and inflation—have increased economic risks….
The European Central Bank (ECB) is widely expected to leave interest rates unchanged at its July 23 policy meeting as inflation continues to ease. However, a recent surge in oil prices driven by renewed Middle East tensions has increased expectations that the ECB could raise rates again in September. According to a Reuters survey of…
Major U.S. banks reported stronger-than-expected second-quarter 2026 earnings, driven by robust investment banking activity and higher trading revenue amid volatile financial markets. JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citigroup, and Bank of America all exceeded analysts’ profit expectations as mergers, acquisitions, and major IPOs boosted advisory fees. Increased market volatility linked to artificial intelligence, Middle…
Uber Technologies has completed its $14.8 billion acquisition of Delivery Hero, creating one of the world’s largest food delivery platforms operating across 99 countries. The deal significantly expands Uber’s global reach and strengthens its position in key international markets. The acquisition is expected to improve operational efficiency, broaden Uber’s customer base, and increase competition in…
French billionaire Xavier Niel has become Vodafone’s largest shareholder after acquiring a 16.21% stake worth approximately £4.4 billion from UAE telecom group e&. The transaction marks one of the largest telecom investments of the year and strengthens Niel’s influence over Vodafone as the company continues restructuring and expanding across Europe. The change in ownership comes…
U.S. private equity firm Apollo Global Management has submitted a £5.7 billion takeover offer for British low-cost airline easyJet, surpassing a previous £5.5 billion proposal from Castlelake. The new bid values easyJet shares at £7.15 each and includes an option allowing existing investors to retain a minority stake after the acquisition. easyJet’s board said it…
Swiss engineering group ABB has agreed to acquire UK-based industrial equipment manufacturer Rotork in an all-cash deal valued at $5.6 billion (£4.1 billion), strengthening its automation and electrification business. Under the agreement, ABB will pay £5.03 per share, representing a significant premium over Rotork’s previous closing price. The acquisition is expected to boost ABB’s revenue…
The UK government has officially taken British Steel into public ownership in an effort to safeguard domestic steel production and protect around 4,000 jobs at the company’s Scunthorpe plant. The move follows more than a year of government intervention aimed at preventing the business from collapsing. Officials said the decision is intended to secure the…
Federal Reserve Chair Kevin Warsh said the U.S. central bank remains committed to returning inflation to its 2% target, stressing that policy decisions will continue to be based on economic data and remain independent of political pressure. Fresh U.S. data supported expectations that interest rates will stay unchanged at 3.50%–3.75% during the Fed’s July 28–29…
Higher fuel prices and renewed tensions in the Middle East are increasing financial pressure on weaker European airlines, raising the likelihood of restructurings, mergers, and acquisitions across the sector. According to Reuters, British low-cost carrier easyJet is reportedly close to a takeover led by U.S. investors that could take the airline private at a valuation…