France closely watches Pernod Ricard and Brown Forman merger talks
The French government is closely monitoring discussions between Pernod Ricard and Brown Forman over a potential merger that could reshape the global spirits market. Officials in Paris are focusing on key issues including the future headquarters location and board composition, according to Bloomberg, citing BFMTV. The talks, confirmed by both......
Spacex files confidential ipo plan targeting record $75 billion raise
SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, according to Bloomberg News, setting the stage for what could become the largest IPO in history. The rocket and satellite company led by Elon Musk is preparing a listing as early as June. The offering could raise up to $75 billion......
Lufthansa plans to ground 40 aircraft as Iran war doubles jet fuel costs
The war between the United States, Israel, and Iran has evolved into a full-blown aviation crisis, with jet fuel prices more than doubling in a matter of weeks, airlines slashing capacity, and millions of passengers left in uncertainty as vast portions of Middle Eastern airspace remain closed or restricted. Jet fuel prices surged from around......
Samsung launches Galaxy A57 5G and A37 5G with enhanced AI features
Samsung Electronics has introduced the Galaxy A57 5G and Galaxy A37 5G, expanding its mid-range smartphone lineup with advanced artificial intelligence capabilities and improved performance. The launch reflects the company’s strategy to bring AI-powered mobile features to a broader user base while maintaining competitive pricing. Both......
Iranian strikes on Gulf aluminium plants push prices to four-year highs
Iranian missile and drone strikes against two of the Middle East's largest aluminium smelters over the weekend have thrown global supply chains into disarray, driving prices to their highest level in four years and raising the prospect of a prolonged market deficit. Emirates Global Aluminium confirmed Saturday that its Al Taweelah smelter......
Russia earns $9 billion a month in oil windfall from the Iran war
One month into the U.S. and Israeli war against Iran, Russia has emerged as one of the conflict's primary economic beneficiaries, collecting billions of dollars not only from surging oil prices but across a broad range of commodities including aluminum, fertilizers, and liquefied natural gas. The near-total closure of the Strait of Hormuz,......
Oil falls toward $100 as Trump claims Iran requested a ceasefire
Oil markets endured another turbulent session on Wednesday as traders struggled to reconcile Donald Trump's signals of an imminent end to the U.S.-Iran war with the reality of continued fighting and a largely closed Strait of Hormuz. Brent crude, which had opened higher during Asian trading, reversed sharply and fell around 4% to approximately......
Intel buys back Apollo's stake in Irish chip plant for $14.2 billion
Intel and Apollo Global Management have reached a definitive agreement under which Intel will reacquire Apollo's 49% stake in a joint venture tied to Fab 34, the advanced semiconductor facility in Leixlip, Ireland, for $14.2 billion. The deal unwinds a partnership formed in 2024 when Apollo invested $11.2 billion for the stake, delivering......
Iran war energy shock puts $800 billion in Asian data center funding at risk
The energy crisis triggered by the war in Iran is reshaping how banks assess risk across hundreds of billions of dollars in planned data center investments throughout Asia, as rising electricity costs and supply uncertainty force lenders to treat power not as an operating expense but as a fundamental credit variable. The Asia-Pacific region......
New studies reveal how DNA movement and cell mechanics drive cancer development
A wave of new research is transforming scientific understanding of cancer at its most fundamental level. Several studies published in recent weeks show that the physical behavior of DNA and the internal mechanics of cells play a far greater role in cancer development and spread than previously understood, opening potential new therapeutic......
Artemis II crew prepares for liftoff on first crewed lunar flight since Apollo 17
NASA is set to launch its Artemis II mission Wednesday evening, sending four astronauts on the first crewed journey to the Moon since Apollo 17 in December 1972. Among them is Canadian Space Agency astronaut Jeremy Hansen, who will become the first non-American to travel beyond low Earth orbit. The two-hour launch window opens at 6:24 p.m.......
Iran war accelerates EV adoption as electric vehicles hit a third of New Zealand car sales
The war in Iran has achieved what years of climate policy struggled to accomplish: pushing consumers worldwide toward electric vehicles at a remarkable pace. With crude oil prices topping $100 per barrel for the first time since 2022, new data from New Zealand and the United Kingdom point to a sharp acceleration in EV interest and sales driven......
BYD sales fall for seventh straight month, down 20.5% in March
BYD, the world's largest electric vehicle manufacturer, reported sales of 300,222 vehicles in March, a 20.5% year-on-year decline according to Reuters calculations, extending its losing streak to seven consecutive months. New energy vehicle production fell 33% compared to the same month a year earlier. The March figures bring BYD's......
NASA set to launch its first crewed lunar mission since 1972
Four astronauts are set to make history today as NASA prepares to launch Artemis II, the first crewed journey to the Moon in more than 50 years. Liftoff is scheduled for 6:24 p.m. EDT from Launch Complex 39B at Kennedy Space Center in Florida, with weather forecasts showing an 80% favorable outlook for the two-hour launch window. Commander......
European solar power saved over €3 billion in fossil fuel costs during Iran war price surge
A new analysis has found that solar generation across Europe saved the continent more than €3 billion in fossil fuel import costs during March, as the war in Iran drove sharp increases in oil and gas prices and revived fears of an energy crisis across the bloc. The findings underscore how rapidly expanding renewable capacity is now functioning......