Economy
Blackstone strikes chord with $1.6 bn bid for UK music firm
Struggling UK music rights owner Hipgnosis Songs Fund agreed Monday to an improved $1.6-billion takeover from US private equity firm Blackstone, which trumped a rival bid from Concord. "Blackstone appears to have emerged supreme in the bidding war for the Hipgnosis Songs Fund," commented Susannah Streeter, head of money and markets at Hargreaves Lansdown.
Musk leaves Beijing after Tesla wins key China security clearance
Tech billionaire Tesla CEO Elon Musk boarded a plane departing Beijing on Monday, an AFP journalist said, after a whistlestop visit that saw his firm win a key data security clearance from Chinese authorities.
Climate change, Brexit threaten to wilt Dutch tulips
Arjan Smit gazes out over his tulip fields, a riot of red and pink flowers he has cultivated all his adult life and part of a family business his grandfather started in 1940. Despite the challenges, the genial farmer is upbeat about the prospects for his son, 22-year-old Tim, who will be the fourth generation Smit running the family business.
Yen sinks to 34-year low past 160 per dollar
The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year. "Markets appear to be trying to push dollar-yen towards 160 in the absence of official intervention," said Vishnu Varathan, at Mizuho Bank.
Yen slides to fresh 34-year low against dollar, stocks rally
The yen slumped to a fresh 34-year low against the dollar on Monday, fuelling expectations Japanese authorities would step in to support their currency for the first time since late 2022. The yen slipped to 160.17 to the greenback in morning trade, stirring speculation that Japanese authorities would intervene to arrest its slide.
Pope holds mass in Venice's St Mark's, first trip in months
Pope Francis presided over mass in Saint Mark's Square in Venice on Sunday, warning of environmental damage and over-tourism in a closely watched visit, the first for the ageing pontiff outside Rome since last year.
Tesla CEO Elon Musk in China for talks
Tech billionaire and Tesla CEO Elon Musk was in China for talks on Sunday, making his second trip in less than a year to the world's biggest market for electric vehicles. "It's good to see electric vehicles making progress in China," he was quoted as saying by a state-backed media outlet on Sunday.
US Fed to meet amid dwindling hopes of summer rate cuts
The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts.
Gaza set to dominate Saudi-hosted global economy summit
The war in Gaza and broader Middle East tensions are expected to get top billing at a Saudi-hosted special meeting of the World Economic Forum that begins on Sunday.
Economy
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