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Epic Games to Lay Off 1,000 Staffers and Cut $500 Million in Costs Amid ‘Fortnite’ Downturn
Epic Games has confirmed plans to lay off 1,000 staffers and cut $500 million in costs amid a downturn in engagement with the company’s signature gaming franchise “Fortnite.” Epic Games CEO Tim Sweeney disclosed the news in a memo to employees that was blunt about the company’...
United Airlines CEO on Demand, Oil Prices and TSA Lines
Scott Kirby, CEO of United Airlines, addresses the significant uncertainties currently facing the airline industry. Speaking with Lisa Abramowicz on "Bloomberg Open Interest," Kirby says demand has been strong and comments on the frustrations surrounding long TSA lines and the impact of rising oil p...
SEC Questions Egan-Jones Over Bid to Again Rate Government Debt
Credit rating firm Egan-Jones Rating Co. wants to regain its ability to grade government debt and asset-backed securities after a ban more than a decade ago, but Wall Street’s top regulator isn’t so sure.
West Africa to Feel Hit from War’s Fertilizer Shock, ETG Says
West Africa’s cocoa and cotton farmers will take the greatest hit as the war in Iran leads to a fertilizer shock across the continent, according to ETG, one of the region’s top agricultural commodity traders.
Shell Is Looking to Invest More in Venezuela, CEO Says
Shell CEO Wael Sawan says the UK company may decide on whether to invest in one or two Venezuelan natural gas projects by the year-end. He speaks during a panel discussion at CERA Week in Houston. (Source: Bloomberg)
India "Indispensable" For Peace In Indo-Pacific: Top US Defence Official
Elbridge Colby's two-day visit to New Delhi assumes significance as it comes amid the escalating crisis in West Asia as well as mounting concerns over China's increasing military muscle-flexing in the Indo-Pacific.
Trump says Iran gave US ‘gift’ linked to Strait of Hormuz
US President Donald Trump said Tuesday that Iran gave him a “very big present” related to the Strait of Hormuz, boosting his confidence that he was talking to the right people in Tehran to end the war. The cryptic announcement came a day after Trump unexpectedly postponed threatened atta...
Angola Plans to Sell $2 Billion of Eurobonds as War Drives Crude
Angola plans to raise about $2 billion from a eurobond sale, according to people familiar with the matter, betting that higher crude prices driven by the Iran war will boost investor appetite for debt from the oil-rich nation.
Boralex Jumps as Analysts See Potential Deal at $6.3 Billion
Analysts covering Boralex Inc. say potential buyers may have to bid C$39 per share or more in a takeover, representing a premium of over 30% from where the stock was trading before Bloomberg News reported the firm is exploring a sale.
Kalshi and Polymarket ban insider trading as senators look to curb prediction markets
Top prediction market sites usher in new guardrails after senators introduced bill that could limit booming industryKalshi and Polymarket, the two biggest prediction market sites, rushed to institute new industry guardrails and add new surveillance tools on Monday after two key senators announced le...
Europe Pushes for Deal on FRTB Bank Capital Rules by Mid-June
The European Union is seeking to achieve a political deal within less than three months on shielding banks from the full force of new capital rules known as Fundamental Review of the Trading Book, amid concerns about eroding competitiveness.
India’s Reliance buys 5 million barrels of Iranian oil after US waiver, sources say
India’s Reliance Industries operator of the world’s biggest refining complex, has purchased 5 million barrels of Iranian crude, days after the U.S. temporarily removed sanctions on the oil, three sources familiar with the matter said on Tuesday. The Indian refiner bought the oil from t...
Flagship airline reports surge in demand amid Middle East crisis
Kenya Airways plans more flights as demand reaches almost 100% amid the Middle East conflict, the company has said Read Full Article at RT.com
Kalshi, Polymarket roll out new insider trading bans
Prediction markets Kalshi and Polymarket are rolling out new insider trading bans, the companies said Monday. Kalshi in its announcement said that it was “launching new technological guardrails that preemptively block politicians, athletes, and other relevant people from trading in certain politics...
Minnesota millionaire who qualified for food stamps warns of 'fraud by design' loophole ahead of hearing
A millionaire says he qualified for food stamps via a SNAP loophole and will testify at a Minnesota state hearing pushing for stricter asset test reforms.
Ben Duckett pulls out of IPL 2026, apologises to Delhi Capitals, faces 2-year ban
Ben Duckett pulls out of IPL apologises to Delhi Capitals faces year ban
Hong Kong a ‘safe harbour’ for family wealth as global tensions rise, officials say
Hong Kong is a stable base for global wealth as rising geopolitical tensions and economic uncertainties prompt wealthy families to rethink where they base their assets, according to Financial Secretary Paul Chan Mo-po. “We are living in a world marked by uncertainty and conflicts,” Chan said at the...
India’s vegetable oil buyers step back, betting war-driven rally will ease
Indian vegetable oil refineries are curtailing purchases of palm oil, soyoil and sunflower oil, betting that the Iran war-driven price rally will not last and that they can replenish stocks after the conflict ends, industry officials told Reuters. Lower buying by India, the world’s largest i...
US Gas Market Sees Volatility With Shifting Weather and Oil Price Moves
US natural gas futures ended higher, reversing earlier losses, as traders processed a midday forecast showing cooler weather in the coming weeks. Rising oil prices have also pulled up the US gas contract since the war on Iran began.
EU Commission Says Postpones Submission of Plan to Ban Russian Oil Import, No New Date
MOSCOW (Sputnik) - The European Commission has postponed the submission of the plan to ban the import of Russian oil, but has given no new date, European Commission Spokesperson for Climate Action and Energy Anna-Kaisa Itkonen said on Tuesday.