Business
With final bids for a majority stake in engine maker Everllence due this Tuesday, Volkswagen is preparing to select a new owner within the coming weeks. The sale of the firm, formerly known as MAN Energy Solutions, marks a significant shift for the industrial giant amid intense interest from global private equity players.
Business
Private credit funds have funneled nearly $560 billion into U.S. businesses since 2023, a capital infusion that helped generate 6.5 million jobs. As traditional banks retreat from riskier lending under tighter regulatory pressure, alternative asset managers are increasingly anchoring the financing landscape for the broader economy.
Business
Stephen van Rooyen, current head of VodafoneZiggo, will take the helm of Ziggo Group, a newly formed entity merging Liberty Global’s Dutch and Belgian operations. The move signals a strategic consolidation for the 13-million-customer business, which prepares for an Amsterdam stock market listing scheduled for 2027.
Business
The governance agreement between Italy’s state lender CDP and the State Grid Corporation of China will renew automatically this November, preserving Beijing’s foothold in Italy’s critical energy infrastructure. The decision comes despite mounting scrutiny from Roman officials regarding the extent of Chinese influence over the nation’s power and gas networks.
Business
South Korean exports surged by 53.2% in May, the fastest annual growth rate recorded since 1984, signaling an insatiable global appetite for semiconductor technology. This trade data serves as a stark counterpoint to cooling factory growth in China, underscoring how artificial intelligence investment is currently dictating global market momentum.
Business
Shares of the London-listed money transfer firm Wise tumbled 15% on Monday morning following reports that Belgian prosecutors are scrutinizing the company over €500 million in potentially suspicious activity. The inquiry, initially disclosed by the Bureau of Investigative Journalism, has cast a shadow over the fintech's compliance oversight.
Business
Opposition leader Peter Magyar delivered a stark ultimatum to President Tamas Sulyok on Monday: step down voluntarily or face a formal parliamentary removal process. The move marks a sharp escalation in the Tisza party’s campaign to dismantle the institutional legacy left by Viktor Orban’s long-standing government.
Business
With the STOXX 600 index hovering near record highs, Goldman Sachs has nudged its 12-month target to 660, signaling confidence in European corporate performance. The brokerage points to robust earnings growth and artificial intelligence optimism as primary drivers, even as geopolitical friction in the Middle East continues to temper market sentiment.
Business
A 24% premium on Taylor Morrison’s closing stock price signals Greg Abel’s first major acquisition as Berkshire Hathaway CEO. The $6.8 billion cash deal, valued at $8.5 billion including debt, marks a strategic pivot to consolidate the conglomerate’s sprawling residential construction and real estate footprint under a single unified platform.
Business
BNP Paribas is banking on a sharp profitability surge in Belgium, targeting a pre-tax return on equity of 22% by 2028 and 25% by 2030. These figures represent a significant jump from the 13.6% recorded last year, signaling a major strategic pivot for the French lender’s commercial and personal banking division.
Business
Alphabet and Amazon are aggressively tapping foreign bond markets, setting issuance records from London to Tokyo. By raising billions in sterling, yen, and Swiss francs, these tech giants are diversifying their funding sources to fuel a massive, multi-trillion-dollar expansion into artificial intelligence infrastructure and data centers.
Business
DBS Group is set to launch 18 new wealth management centers across Asia by 2027, pairing the expansion with a comprehensive upgrade of 36 existing sites. This represents the largest physical footprint increase in the bank's history, aimed directly at an affluent regional market projected to hit $4.7 trillion by 2026.
Business
One month after ordering the dissolution of Meta’s acquisition of startup Manus, Beijing has unveiled sweeping regulations tightening control over overseas deals. Effective July 1, the State Council’s new framework grants authorities broad powers to scrutinize investments involving sensitive data, proprietary technology, and national security interests.
Business
Five years from now, the current obsession with stablecoins may look like a misplaced concern. Bank of England policymaker Megan Greene argues that tokenized deposits are poised to dominate the digital landscape, eventually rendering the volatile, often unregulated assets known as stablecoins obsolete in the eyes of the global banking sector.
Business
Political friction is mounting against central banks as officials enforce unpopular rate hikes to combat global price surges. Current and former policymakers warn that increasing interference threatens to erode institutional credibility, potentially entrenching inflation and complicating the delicate task of stabilizing economies amidst rising government debt.
Business
Beijing is aggressively expanding the digital yuan’s reach, pushing banks to integrate the currency into fiscal spending, salary disbursements, and cross-border trade. This systemic shift aims to insulate China’s economy from potential geopolitical shocks while establishing a sovereign alternative to Western-dominated payment networks and the prevailing reserve currency.
Business
Redwood City-based Liftoff Mobile is testing investor appetite for software listings again, aiming for a $3.66 billion valuation in a revised U.S. initial public offering. The Blackstone-backed firm plans to raise up to $418 million by offering 19 million shares priced between $20 and $22 apiece.
Business
David Descoteaux is stepping into a pivotal leadership role at BMO Financial, tasked with heading the bank's U.S. M&A team for capital markets and commercial banking. His appointment concludes a month-long search to unify the Canadian lender's regional divisions as it seeks to capture rising deal flow across North America.
Business
Aggregate unrealised losses at 51 business development companies climbed to 2.35% of net asset value in the first quarter of 2026, marking the sector's steepest quarterly decline since mid-2022. This erosion of portfolio fundamentals highlights growing anxiety over profitability and the sustainability of debt servicing in private credit markets.
Business
Facing mounting scrutiny over insider trading, prediction market Kalshi has recruited former FBI intelligence analyst Tyler Neff to its surveillance division. Neff, who spent seven years focusing on white-collar crime at the bureau's New York field office, joins the exchange to strengthen oversight of increasingly volatile betting patterns.
Business
Aggregate unrealised losses at U.S. business development companies climbed to 2.35% of net asset value in the first quarter of 2026, marking the sharpest quarterly decline since 2022. This deterioration highlights growing pressure on middle-market borrowers struggling to navigate sustained high borrowing costs and cooling exit environments.
Business
Finance ministers from the European Union’s six largest economies have reached a consensus on centralizing capital market supervision. By shifting oversight from national regulators to the Paris-based European Securities and Markets Authority, the group aims to bolster the bloc's competitiveness against mounting economic pressure from the United States and China.
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Business
Hungarian authorities have seized 92 billion forints, roughly $300 million, in an expanding money laundering investigation targeting foundations established by the National Bank of Hungary. The move follows a State Audit Office report that flagged opaque investment structures and the potential mismanagement of hundreds of billions in public assets.
Business
As fuel costs stemming from the Iran conflict filter into transport and entertainment sectors, inflation across the euro zone's four largest economies remained firmly above the European Central Bank’s 2% target throughout May, signaling that price pressures are broadening rather than receding across the bloc.
Business
Dismissing recent reports of a potential tie-up with rival Banco BPM, Monte dei Paschi di Siena CEO Luigi Lovaglio confirmed on Friday that the bank’s current strategy remains tethered to the absorption of Mediobanca, the Milanese merchant firm acquired in a landmark 16-billion-euro deal concluded last year.
Business
Global equities are holding near record highs as reports of a potential 60-day ceasefire between the U.S. and Iran offer a reprieve from months of energy market volatility. Despite the cautious optimism, crude prices remain sensitive to the fragile negotiations and the looming threat of persistent inflation.
Business
New Federal Reserve Chairman Kevin Warsh faces a stark reality as he pushes to shrink the central bank’s $6.7 trillion balance sheet: while regulatory tweaks could drain some excess reserves, the structural shifts in the financial system since the 2007-2009 crisis make a return to pre-recession levels highly improbable.
Business
Indian life insurers are lobbying the government to double the tax-free limit on insurance policies from 500,000 rupees, aiming to revitalize stagnant inflows. The industry argues that current caps, implemented in February 2023, have stifled the growth of non-unit-linked schemes and reduced demand for essential long-term government debt.
Business
Four former Gazprombank employees have exhausted their legal options after Switzerland’s highest court upheld convictions for failing to conduct proper due diligence. The case centers on financial accounts linked to Sergey Roldugin, a concert cellist and close associate of President Vladimir Putin, which the court deemed insufficiently vetted.
Business
Hong Kong is moving to waive taxes on performance-linked bonuses for fund managers, a strategic shift aimed at cementing the city's status as Asia’s premier financial hub. By eliminating the current 17% levy on carried interest, officials hope to attract elite investment talent who are increasingly mobile in their choice of location.
