Governments and traders spent Monday assessing the energy fallout from the expanding war involving Iran, as disruption around the Strait of Hormuz renewed fears over one of the world’s most important oil corridors. Since the conflict began on Feb. 28, tanker traffic through the strait has largely stalled, raising concern that a prolonged interruption could restrict supply well beyond the…
Wells Fargo is extending an investment-banking hiring campaign that executives say is translating into more corporate advisory work and a rapid rise in league-table standings. The effort gained momentum after regulators lifted a punitive cap on the bank’s assets in June 2025, a restriction imposed for about seven years after the lender’s fake-accounts scandal. In an interview, Fernando Rivas, chief…
The Walt Disney Company is making a major move into generative AI with a planned investment of around $1 billion in OpenAI, alongside a multi-year licensing and technology partnership. Under the agreement, Disney will commit capital to OpenAI and receive equity and warrants that could increase its future stake in the San Francisco-based AI firm, which is currently valued in…
South African fashion and homeware retailer Mr Price has agreed to buy German-based value chain NKD Group in a transaction worth up to 487 million EUR (around $568 million USD), marking its first move into the European market. Announced on December 10, 2025, the deal signals a clear strategic shift for the Durban-based group, which has largely concentrated on South…
More people are relying on GoFundMe to pay for rent, groceries and other necessities as living costs squeeze household budgets. The for-profit crowdfunding platform’s 2025 “Year in Help” report says campaigns created to cover “essential” expenses such as housing, utilities and food rose by 20% this year, after already quadrupling in 2024. “Monthly bills” was the platform’s second-fastest-growing category in…
Paramount has moved to a full-scale hostile bid for Warner Bros. Discovery (WBD), confronting the previously announced takeover agreement between Netflix and the Hollywood studio. The company said it is bypassing WBD’s board and appealing directly to shareholders with an all-cash offer valued at about $74.4 billion, or $30 per share. Unlike Netflix, Paramount is also offering to buy WBD’s…
Netflix has agreed to buy the studio and streaming operations of Warner Bros. Discovery in a cash-and-stock transaction valued at $72 billion, a deal that would unite two of the most influential names in film and television. The planned acquisition would put Warner’s movie and television studio, as well as HBO, HBO Max and DC Studios, under the control of…
