The Vietnamese EV maker is selling some R&D assets to founder Pham Nhat Vuong for $1.6 bln. It’ll barely cover a year of cash burn at the company, which is unlikely to turn a profit before 2033. Pham, ...

Growth is set to slow as Beijing’s overcapacity fight takes a toll on investment, while years-long efforts are yet to reinflate property prices. Rate cuts to prop up the rebounding stock market look ...

To buy out Hong Kong-listed Kangji Medical for $1.4 bln, the private equity firm is teaming up with the founders and the Qataris. Even if minority investors agree to the underwhelming offer aimed at ...

The US private equity giant’s $2 bln bid for Assura lost out to domestic rival PHP’s. Keeping the UK healthcare landlord public is a rare win for London. But deal-specific factors look to have been ...

Chancellor Rachel Reeves’ fiscal hole may exceed 40 bln pounds. Straightforward taxes on the richest might play well politically, but are tricky. Stepping up levies on a wider group of UK citizens’ ...

The $54 bln Dutch payment company’s stock slumped 20% after it cut 2025 sales guidance, citing pain from US de minimis rules on Chinese sellers. Its toppy valuation magnified the blow. But the ...

A surprise 0.9% jump in US producer inflation last month weakens a White House pressure campaign on Fed Chair Jerome Powell. The inevitable retort will be to double down on tariffs, blame data ...

The $647 bln group is hiking British obesity jab prices by 170%, a likely response to Donald Trump’s gripes over cheap foreign drugs. But it’s shielding the state-run NHS, and the size of the UK ...

Intel has spent plenty of money trying to compete with Taiwan Semiconductor Manufacturing (2330.TW), opens new tab, better known as TSMC. Over the past three years, it notched nearly $75 billion in ...

As Cava, Sweetgreen and Chipotle became office workers’ lunches of choice, investors gorged on their shares. Slipping sales momentum and rising prices now make their valuations, down a collective $30 ...

Canada’s Gildan is buying the maker of basic T-shirts, bras and boxers for $2.2 bln. Combining with the American Apparel owner makes strategic sense and cost savings cover the 24% premium four times ...

China's $683 bln giant delivered a 15% jump in revenue thanks to new tech turbo-charging ad sales. But the impact on its bottom line is less transformative and looks set to remain that way – and its ...