Friday, August 9

Friday, August 9

Uber posts a $5.2 billion loss as costs from its initial public offering hit earnings, Italy’s prime minister Giuseppe Conte asks for parliament to be recalled so he can hold a vote of confidence and US stocks notched their biggest jump in two months on Thursday after upbeat Chinese data soothed investors’ nerves. Also, Broadcom agrees a deal to acquire Symantec’s enterprise security business for $10.7bn, Kraft Heinz takes another $1.2bn in writedowns, UK prime minister Boris Johnson eyes an election in the days after Brexit and sources tell the FT that at least nine senior figures have been removed from their posts at Turkey’s central bank. Plus, the FT’s US mergers and acquisitions correspondent, Eric Platt, tells us about WeWork’s corporate structure revamp as it prepares to go public.

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Jaksot(2132)

Gulf dealmaking machine hits the brakes

Gulf dealmaking machine hits the brakes

US President Donald Trump says the Iran ceasefire is on “life support”, and UK Prime Minister Keir Starmer is fighting to save his premiership after the Labour party's disastrous showing in last week'...

12 Touko 10min

Starmer fights for political survival

Starmer fights for political survival

A gas shipment made it through the Strait of Hormuz as European oil majors cash in billions from the US-Israeli war on Iran, airlines across Europe are cutting prices for summer flights despite a pote...

11 Touko 12min

Political Fix Election special: snap analysis

Political Fix Election special: snap analysis

It’s been a dreadful night for Labour as council seats across the country have turned from red to turquoise. The Conservatives have not fared much better with Reform UK the big winner so far. With res...

9 Touko 36min

GameStop’s wild bid for eBay

GameStop’s wild bid for eBay

Big Tech groups are expected to generate the smallest amount of cash in more than a decade this year, and investors are dumping Indian assets. Plus, GameStop CEO Ryan Cohen, has set his sights on his ...

8 Touko 12min

LVMH looks to shrink its luxury empire

LVMH looks to shrink its luxury empire

US fuel exports have surged to a record level, and hedge funds had their best month since 2020. Plus, Samsung Electronics is locked in a feud with its workers over how to share the spoils of the AI-dr...

7 Touko 9min

Could the US scrap quarterly reporting?

Could the US scrap quarterly reporting?

Global oil reserves plunged at a record pace in April and the SEC said it was proposing to allow public companies to file earnings reports every six months. Plus, the US will start reviewing some AI m...

6 Touko 9min

Disney’s new CEO faces first challenge

Disney’s new CEO faces first challenge

The US and Iran traded fire in the Strait of Hormuz, and Anthropic formed a more than $1.5bn joint venture with Wall Street groups including Blackstone, Hellman & Friedman and Goldman Sachs. Plus, the...

5 Touko 10min

Global industries squeezed as Iran war enters third month

Global industries squeezed as Iran war enters third month

We tally the impact of war on industries around the globe as the conflict in Iran stretches into its third month. Plus, Britain braces for voters to deliver a potentially seismic change to the politic...

4 Touko 11min

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