Section front
Latest reporting, briefings and public-interest updates from the business desk.
The state-owned Development Bank of Ethiopia has approved new privacy, risk, audit and financial-crime controls, including permanent protection for specified client, legal and security records.
EasyJet has agreed to a £5.7 billion takeover by Apollo Global Management after rival bidder Castlelake withdrew, with completion expected by the end of March 2027.
WPP shares jumped as much as 27% on August 6 after the advertising group reported a 2.8% quarterly sales decline and said its restructuring and cost-saving programme remained on track.
A US federal judge dismissed a consumer lawsuit seeking to block the $111 billion Paramount-Warner Bros. merger, finding that the subscribers who sued lacked standing.
The Trump administration has begun refunding $100 billion in tariffs after the US Supreme Court struck down many of the sweeping levies in February.
Air India named former Ethiopian Airlines Group chief executive Tewolde Gebremariam as CEO and managing director on August 5, 2026, succeeding Campbell Wilson.
Eight large oil producers posted nearly $93 billion in combined profit for the three months through June 2026 as the Iran conflict lifted crude prices and disrupted energy supplies.
Paramount Skydance reported lower second-quarter profit as growth in streaming and studio operations was outweighed by weaker advertising and subscriber trends in its television business.
