Yum Brands says it is exploring strategic options for Pizza Hut, a review that could include a potential sale as the iconic pizza chain struggles to regain momentum in an increasingly competitive market.Papa John’s, which had been in talks with Apollo Global for a potential $2.1 billion take-private deal, now…
S&P 500, Nasdaq futures slipped on Wednesday, as the broader market continued to pull back. The difference mostly comes down to how investors are processing the recent volatility in the tech sector and a wave of earnings results.The Dow Jones futures managed to stay in the green, helped by ongoing optimism…
Shares of Japan’s SoftBank Group plummeted more than 14% on Wednesday, erasing approximately $32 billion in market value in a brutal session that saw a broad sell-off across Asia’s artificial intelligence-linked stocks.The rout, which followed overnight declines in US technology peers, signals a sharp reversal in investor sentiment, as growing…
Aluminium prices on the London Metal Exchange have slipped after trading at its highest level since 2022. Prices on LME have increased from this year’s low of $2,124 per ton in February to $2,919 per ton last month. Currently, the three-month contract on LME were hovering at $2,855 per ton.However, experts believe…
Global attention remained fixed Wednesday on the evolving relationship between the world’s major powers, with China formally announcing tariff reductions on US goods following last week’s presidential summit. US President Donald Trump is now turning his focus to the domestic economy, planning a major speech in Miami. Elsewhere, Hong Kong’s…
In last-minute negotiations, EU climate ministers reached a provisional agreement on a 2040 climate change goal early Wednesday, according to a draft EU document. The target was diluted as ministers hurried to finalise the deal ahead of the UN COP30 summit in Brazil, Reuters said in a report.Following over 18 hours…
China has officially confirmed it will suspend some of the punitive tariffs it imposed on US goods, a move that formalises the fragile trade truce reached last week between President Xi Jinping and US President Donald Trump.However, the tariff relief is only partial. Crucially, a significant levy on US soybeans…
As Zohran Mamdani made history on Tuesday by winning the New York City mayoral race, the spotlight also turned to the woman by his side—a figure who was largely invisible on the campaign trail but instrumental to his success.Rama Duwaji, a 28-year-old artist, is now poised to become one of…
Novo Nordisk lowered its full-year profit forecast on Wednesday, marking an early challenge for newly appointed CEO Mike Doustdar as the Danish drugmaker grapples with slowing sales and a fast-changing obesity drug market.The maker of Wegovy, once Europe’s most valuable company, said it now expects operating profit growth in local…
European stocks opened broadly lower on Wednesday, erasing the previous session’s positive start to the month as a wave of selling in technology shares spread from the US and Asia, fueled by growing investor anxiety over stretched valuations.The pan-European Stoxx 600 index was down 0.4% shortly after the opening bell,…