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Members of the UK Parliament narrowly approved a historic bill permitting assisted dying for terminally ill adults in England and Wales. The vote passed by 314 to 291, a margin of 23. The Terminally Ill Adults (End of Life) Bill allows adults with less than six months to live to request help to end their…
LG Electronics India’s initial public offering (IPO) stunned markets on Tuesday, as shares soared 50.4% on their debut to give the company a valuation of $13.07 billion—surpassing that of its South Korean parent. The stock opened at ₹1,710.10 and peaked at ₹1,714.90, against an issue price of ₹1,140. Investor appetite was overwhelming: the IPO raised…
Goldman Sachs has agreed to acquire Industry Ventures, a San Francisco–based venture capital firm managing about $7 billion in assets, in a deal valued at $965 million. The transaction includes $665 million in cash and equity at closing, plus up to $300 million in future performance-based payments through 2030. The deal strengthens Goldman’s foothold in…
JPMorgan analysts say leveraged exchange-traded funds (ETFs) significantly worsened Friday’s stock market crash, contributing approximately $26 billion in forced selling. The selloff came after threats of new U.S. tariffs on China sparked fear across financial markets. As prices dropped, holders of leveraged ETFs were forced to sell more as these products magnify moves both up…
The U.S. dollar strengthened Tuesday as investor fears of a renewed U.S.–China trade conflict receded. Safe-haven currencies like the yen and Swiss franc gained ground. Australia’s dollar fell about 1%, reacting to China’s economic ties. Earlier threats of 100% tariffs on Chinese goods had unsettled markets. But muted responses and de-escalatory signals helped bring relief….
Chinese automaker BYD is leaning toward Spain for its third European plant, following factories in Hungary and Turkey, sources told Reuters. The new facility would strengthen BYD’s footprint across Europe as demand for electric vehicles (EVs) continues to surge. Spain’s low manufacturing costs, clean energy network, and strong industrial base make it a leading contender….
Indian textile exporters are turning toward the European market and offering steep discounts to U.S. buyers to offset newly imposed tariffs of up to 50%, industry executives say. The tariff increase was introduced by President Trump in August, targeting a wide range of Indian exports, including garments, jewelry, and shrimp. To reduce dependence on the…
Google announced plans to spend $15 billion over five years to build a massive AI data center in Visakhapatnam, Andhra Pradesh, marking its biggest investment in India to date. The campus will launch with 1 gigawatt capacity and eventually serve as Google’s largest AI hub outside the U.S. The move supports India’s growing role in…
Japanese payments app PayPay could be valued at over ¥3 trillion (about $20 billion) when it lists shares in the U.S. this December, according to sources familiar with the plan. SoftBank has been in talks with institutional investors since mid-September, setting a baseline valuation around ¥2 trillion but expecting it could climb higher if PayPay’s…
China and Iceland have agreed to expand their collaboration on geothermal and green energy development, marking a new milestone in their environmental partnership. According to a joint statement released by Chinese state media, both nations will work closely at governmental and industry levels to advance clean energy innovation. The agreement focuses on reducing greenhouse gas…
