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Big update in Rafale deal: India begins process to procure 114 jets for Rs 3.25 lakh crore
News News: NEW DELHI: India has formally begun the process of acquiring 114 Rafale fighter jets from France in a deal estimated to be worth around Rs 3.25 lakh c.
Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High—Passing Bezos And Brin
BreakingBusinessLarry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High—Passing Bezos And BrinByAlicia Park,Reporter. I cover markets and tech.Follow AuthorJun 01, 2026, 10:30am EDTToplineOracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. WASHINGTON, DC - JANUARY 21: Oracle co-founder,...
Deloitte UK appoints first chief AI officer in drive for ‘AI-enabled’ services
Deloitte has appointed its first chief AI officer in the UK in a push to become the country’s leading professional services firm, integrating AI into both client services and internal operations. The Big Four giant said it has selected Hayley McKelvey for the newly-created role where she will be responsible for “accelerating the firm’s progress towards becoming the leading AI-enabled professional services firm in the UK.” McKelvey will be leading the firm’s AI strategy as part of a series...
Private credit is crowded — but disciplined capital still knows where to look
As more lenders move into private credit, the lower mid-market focused on financing small and medium sized businesses is standing out for a simple reason: it still rewards discipline. In a market increasingly focused on scale, selectivity may matter more. Private credit is no longer a quiet corner of the market. It is bigger, busier and more competitive than it was a few years ago. More capital is chasing deals, lenders are under pressure to deploy, and pricing has tightened accordingly. Th...
Barry Diller's People Inc. offers to buy MGM Resorts
MoneyWatch Barry Diller's People Inc. offers to buy MGM Resorts, valuing it at $18 billion .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Rea...
Squash players turn to social media to cash in on LA Olympic Games opportunities
British squash players are turning to social media to create commercial opportunities as athletes look to cash in on potential revenue streams. Following on from the success of athlete content at the Milano Cortina Winter Olympics – TikTok told City AM that there were 99,900 posts tagged with the official hashtag, with tournament-related searches dominating the platform – athletes from other sports are seeing social media as a means to publicity and profitability. British squash player Grac...
Barry Diller’s People Inc. Plans a Takeover Bid for MGM Resorts
The mogul’s People Inc. is preparing an offer to buy the portion of the casino giant that it doesn’t already own, at an $18 billion valuation.
WWEX Group and Auctane Complete Merger, Creating Leading Logistics Provider ShipStation Global
WWEX Group, a leading third-party logistics provider of parcel and freight services, and Auctane, a global technology company known for products including ShipStation, Stamps.com, Metapack, and Packlink, today announced the successful completion of their merger. The combined company will operate as ShipStation Global and is backed by Thoma Bravo, the world’s largest software-focused investment firm. CVC Funds and other existing WWEX Group investors retain a significant minority stake in the com...
Universal credit fraudster continued claiming DWP benefits while not living in the UK
A universal credit fraudster continued claiming Department of Work and Pension benefits whilst not living in the UK.Jeff Chandler, 48, of Willow Drive in Setchey, near King's Lynn, pleaded guilty to dishonestly failing to notify the Department for Work and Pensions (DWP) of a change in his circumstances.Chandler was not eligible for the benefit as he was no longer living in the UK between March 2022 and January 2023, but continued to claim the benefit throughout that period.He was sentenced at S...
Australia’s 178 billionaires are $25.7bn richer than last year as 3.7 million live in poverty
Oxfam finds the 20 richest Australians now hold more wealth than the bottom 3 million households, analysis shows Get our breaking news email, free app or daily news podcastThe wealth of Australia’s billionaires increased by $25.67bn in the past year, equivalent to almost $50,000 a minute, according to new Oxfam Australia analysis of the 2026 Australian Financial Review Rich List.The anti-poverty organisation said the total wealth of Australian billionaires in 2026 has reached more than $686bn, w...
New UK Government 'jet fuel shortage' update after airport disruption
New UK Government 'jet fuel shortage' update after airport disruptionThere were problems at the weekend Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Steven Smith, Content Editor 15:01, Mon, Jun 1, 2026 Updated: 15:05, Mon, Jun 1, 2026 There were some issues at two UK airports (Image: Dushlik via Getty Images)The UK Government has released an update following jet fuel supply disruptions over the weekend,...
Petrol drivers face £123 monthly fuel bill in June
Analysis has shown that the average monthly fuel cost for petrol drivers is increasing this month
UK government issues 'jet fuel shortage' update after weekend issues
There were problems at two UK airports
Imagining a world without a safe asset
No corner of finance would be left untouched
The special role of the Treasury market is in peril
Government debt, inflation and unpredictable policymaking are putting the world’s most important asset under threat, argues Mike Bird in a special report
Foreign demand for American government debt is becoming much less reliable
A once-vital source of funding for the Treasury market is drying up
Like it or not, hedge funds are a permanent part of the Treasury market
As interest from other buyers dwindles, the trade in Treasuries increasingly relies on risky investors
Partners in prime: The Fed and Treasury’s new relationship
Scott Bessent and the new Fed chair have talked about co-ordinating their work
Could something replace the Treasury market?
The alternative assets are too small, fragile or limited in nature to match the usefulness of American debt
Neither banks nor stablecoins will rescue the Treasury market
More involvement from banks and crypto firms in the Treasury market is a good thing. Neither will outrun immense issuance