Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create one of the biggest consumer health goods companies in the United States. Shares of Kenvue were up 18% in premarket trading, while Kimberly-Clark‘s shares were down 12.5%. Kenvue…
Global attention was fixed on several major developing stories this past week, from a pivotal Supreme Court case in the United States to shifting dynamics in the global energy and precious metals markets. President Donald Trump announced he would not attend a historic hearing on his tariff powers. Gold prices…
President Donald Trump has reversed his decision to attend a landmark Supreme Court hearing this week, a case that will determine the legality of his signature tariff regime and could fundamentally alter the primary tool of his second-term foreign policy.After announcing that he might attend, President Trump confirmed Sunday he…
The climate impact of the world’s wealthiest individuals extends far beyond their luxury consumption and energy use, with their investment portfolios representing a much larger, and often overlooked, contribution to global emissions, according to a new report.The study, from researchers at the prestigious World Inequality Lab, argues that to truly…
Three years ago, Cambodian Prime Minister Hun Sen presented a collection of locally crafted wristwatches to world leaders, including Joe Biden, Justin Trudeau and Anthony Albanese. Each watch bore the logo of Prince Holding Group, a conglomerate headed by Chen Zhi, a China-born entrepreneur who had reinvented himself as a…
European markets began the new week and month with a positive, albeit cautious, tone on Monday, as investors digested a strong earnings report from Ryanair ahead of a pivotal week for central bank decisions.The pan-European Stoxx 600 index opened just above the flatline. Shortly after the start of trading, the…
India’s financial crime agency has provisionally frozen Rs 30.84 billion ($350.87 million) in assets linked to Ani Ambani’s Reliance Group.The Enforcement Directorate (ED) initiated the action as part of an extensive money-laundering investigation into loans issued by YES Bank Ltd between 2017 and 2019 amounting to more than $568.86 million.…
Shares of South Korea’s leading entertainment companies rallied after South Korea’s national broadcaster KBS signed a content exchange agreement with China Media Group (CMG), signaling a potential end to the unofficial ban that has long stifled South Korean entertainment in the Chinese market.SM Entertainment rose more than 8%, JYP Entertainment…
Ryanair reported a stronger-than-expected first-half profit on Monday, supported by robust summer demand and improved aircraft deliveries from Boeing, prompting the airline to raise its full-year passenger forecast.The Irish carrier, Europe’s largest by passenger numbers, posted an after-tax profit of 2.54 billion euros ($2.96 billion) for the six months to…
US President Donald Trump has claimed he does not know and cannot recall meeting Changpeng Zhao, the billionaire co-founder of the world’s largest cryptocurrency exchange Binance, despite granting him a controversial presidential pardon last month.In a Sunday interview with the CBS News program ’60 Minutes’, Trump defended his decision to pardon…