CVC acquires minority stake in CDN77, valuing the Prague firm at $1.9bn
Private equity firm CVC has taken a minority stake in Prague‑based CDN77, valuing the internet infrastructure provider at roughly $1.9 billion, its first external investment.
Business (Page 2)
Financial markets, economic policy, corporate earnings, startups, and personal wealth insights.
Canada’s Oil Sector Poised for Largest M&A Surge in Ten Years
Industry analysts say Canada’s oil patch is on track for its biggest merger‑and‑acquisition wave in a decade, echoing the 2017‑18 consolidation driven by margin shifts and ESG pressures.
Citi Launches Citi Commerce Media to Sell Targeted Ads to Cardholders
Citi's U.S. card division has introduced Citi Commerce Media, an advertising platform that leverages billions of transaction data points to deliver brand ads on its app and website.
Florida Beef Council Says $50K Digital Campaign Yields Exciting Results
The Florida Beef Council spent $50,000 on a spring digital e‑commerce initiative with a leading retailer and this week received promising final results, according to spokesperson Deanne Maples.
Seven Women Founders Hold Stakes Worth Nearly Rs 1 Lakh Crore
Seven Indian women founders hold disclosed stakes worth nearly Rs 1 lakh crore across software, biotech, retail, fintech and digital payments.
Yes Group Management signs underwriting deal with Malacca Securities for ACE Market IPO
Yes Group Management Berhad, operator of the Yes Travel brand and MICE specialist, has entered an underwriting agreement with Malacca Securities ahead of its ACE Market IPO.
UK air traffic control suffers second outage this month, sparking airline warnings
A second air‑traffic‑control failure this month has delayed and cancelled UK flights, prompting airlines to demand action and warn of compensation claims, with similar disruptions reported in the US.
Orion180 Insurance Prices IPO at $12 per Share, 20 Million Shares Offered
Orion180 Insurance announced its IPO pricing, offering 20 million shares at $12 each, targeting a $240 million raise.
Inflation Outlook and Real Rates Squeeze Indian Equities, Raising Cost Concerns
Investing India reports that rising inflation expectations and higher real interest rates are weighing on Indian equity markets.
Jersey City Council to Hear Controversial Canal Crossing Tax Abatements and Garden Land Vote Wednesday
The city council will hold public hearings and vote Wednesday on two 30‑year tax abatements for the 500‑unit Canal Crossing project, alongside a decision on community garden land.
Friendship dynamics: Some adults stay shallow after being the go‑to support
A new take suggests adults may keep relationships superficial not from fear of intimacy but because they were the constant support and now guard against one‑sided ties.
US Central Command Reports Record Hormuz Shipments; Straits Remain Uncertain
US Central Command head Admiral Brad Cooper cites record Hormuz oil and LNG shipments as highest in six months, crediting mine clearance success.
Dow Jones Futures Point to Near 51,700 as Wall Street Opens Monday
The Dow closed Friday at 51,682.64, slipping 0.18%, while the S&P 500 and Nasdaq rose, setting futures near 51,700 for Monday's opening.
Crude oil, US tariffs on Russian oil and West Asia tensions set to steer Indian equities this week
Analysts say crude oil, global bond yields and the new US tariff powers on Russian oil imports will dominate Indian market sentiment this week.
Dolby Vision TV Revenue Projected at $27B in 2025, Over $67B by 2032
PW Consulting forecasts global Dolby Vision television revenue to reach $26.98 billion in 2025 and exceed $67 billion by 2032 as HDR adoption makes the format essential for mid‑to‑high‑end TVs.
FortuneX SPAC Strikes Deal with Tech-Driven WT Realty Platform
FortuneX Acquisition Corp., a NASDAQ‑listed SPAC, and WT Realty Group Inc., a technology‑enabled real estate services platform, have signed a definitive business combination agreement.
Paul Tudor Jones warns investors of stock outlook through 2036, BofA data concurs
Investor Paul Tudor Jones cautioned that stock performance could face challenges by 2036, a view echoed by recent Bank of America data.
New Report Blames Fed Regulators for Silicon Valley Bank Collapse, Says Official
A fresh analysis accuses the Federal Reserve’s own oversight staff of ignoring warning signs that made Silicon Valley Bank vulnerable.
Fed hikes rates for first time in three years as gas‑price surge fuels inflation
The Federal Reserve unanimously lifted its benchmark rate by a quarter point to 3.75‑4%, citing stubborn inflation driven by soaring fuel costs and ongoing Middle‑East conflict.
US Treasury Yields Edge Below 4.94% as Oil Gains $3, Bonds Recover Losses
US Treasury yields slipped toward a 4.94% technical floor while oil prices rose over $3, lifting mortgage‑backed securities and erasing prior bond losses.
Spinnova signs non‑binding LOI to acquire Portuguese yarn maker Tearfil, €1.5 m bridge loan included
Spinnova Plc has entered a non‑binding letter of intent with Portugal's Tearfil for a full share purchase, backed by a €1.5 million bridge loan.
US Stocks Climb as Tech Leads; Dow Up 0.58%, S&P +1.05%, Nasdaq +1.64%
The Dow Jones rose 0.58%, the S&P 500 gained 1.05% and the Nasdaq jumped 1.64% as oil topped $103 and Fed rate hike pressures lifted Treasury yields.
Boomers Flock to Five High-Yield Dividend Stocks, Claim No Yield Traps
A 24/7 Wall St. piece reports that baby‑boomers are concentrating on five high‑yield dividend equities, which the outlet says are free of yield‑trap risks.
Squarepoint Ops LLC Adds $1.4 Million Position in iShares Mid‑Cap ETF IJH
Squarepoint Ops LLC disclosed a new $1.404 million stake in the iShares Core S&P Mid‑Cap ETF (IJH), buying 18,202 shares in Q2 per its latest SEC 13F filing.
Asian LNG Demand Set to Fall 3‑10% as Prices Surge After QatarEnergy Halt
Higher LNG prices are expected to cut Asian demand by 3‑10% this year, marking a second consecutive annual decline, with Northeast Asia bearing the brunt.
Fed to Announce FOMC Rate Decision at 2 PM ET; 90% Odds of 25‑bp Hike
The Federal Reserve will announce its FOMC rate decision at 2:00 PM ET, with markets pricing over 90% chance of a 25‑bp hike, followed by Chair Kevin Warsh’s 2:30 PM press conference.
Market Technology Acquisition Corp Enables Separate Trading of Shares and Warrants Starting Sept 17
Market Technology Acquisition Corp (Nasdaq: MTAKU) will let IPO unit holders trade Class A shares and warrants separately beginning Sept 17, with only whole warrants tradable.
DRA snaps up 10‑acre Chennai plot for Rs 159 cr, eyes Rs 1,200 cr housing venture
Realty firm DRA has purchased a ten‑acre parcel in Chennai for Rs 159 crore, planning a housing project projected to generate Rs 1,200 crore in revenue.
Shufti Unveils Global Bank Account Verification, Merging Ownership and Identity Checks
Shufti’s new Bank Account Verification lets businesses confirm ownership across 70+ countries for linking, payouts, direct debits and beneficiary changes, all without customer setup.
CBIC to push MSMEs into EMI scheme as enrolments stay under 1,000
With fewer than 1,000 firms signed up since April, the CBIC will launch outreach and cut paperwork to boost participation in the EMI customs‑duty deferment scheme.
Arizona Home Lost to HOA Foreclosure Over $977 Debt, Owner Claims
A Mesa, Arizona homeowner says a homeowners association seized his $475,000 house after he fell behind on $977 in dues.
ECB Calls on Online and Mobile Merchants to Join Digital Euro Pilot
The European Central Bank has opened a digital euro pilot to online and mobile merchants, offering them a chance to test a simulated digital currency ecosystem.
Phillip Frost spends $4 million on Safe Pro Group shares, draws WhaleWatchAlerts notice
Billionaire Dr. Phillip Frost purchased 1 million restricted Safe Pro Group shares at $4 each and secured rights for another million at $6, prompting a WhaleWatchAlerts alert.
Stable Money rolls out ‘Badhte Jao’ campaign to celebrate India’s Fixed Deposits
Stable Money’s new ‘Badhte Jao’ campaign personifies the fixed deposit as a growing, dependable friend, highlighting its daily interest up to 8.5% and its role in 95% of Indian households.
US bond selloff pushes borrowing costs higher, hits consumers and firms globally
A steep selloff in U.S. Treasury bonds has pushed benchmark yields higher, raising commercial borrowing costs and tightening financial conditions across global markets.
Microcap stocks surge 5.41% in August as Nifty slips 1.24%
In August 2026, Indian microcap indices rose 5.41%, outpacing a 1.24% fall in the Nifty 50, while midcaps and smallcaps also posted gains.
HFCL board approves ₹820 crore capex boost, raising total fibre expansion spend to ₹1,800 crore
HFCL’s board has added ₹820 crore to its fibre‑related spending, bringing total planned investment for optical fibre, cable and preform manufacturing to roughly ₹1,800 crore.
Experts Press FDA for Clear Safety and Access Rules on Psychedelic Drugs
Researchers and clinicians are calling on the U.S. FDA to define explicit safety and patient‑access guidelines as the agency reviews psychedelic therapies.
Juror Claims Feminist Agenda Drove Lindsay Clancy Verdict in Massachusetts Trial
A juror in the Lindsay Clancy murder trial said the predominantly female jury pursued a feminist agenda, sparking debate over impartiality and trial conduct.
Robbins LLP Alerts Investors to FuelCell Energy Class Action for June‑Sept 2026 Purchases
Robbins LLP says a class action has been filed for investors who bought FuelCell Energy shares between June 4 and September 1, 2026, alleging issues with the clean‑energy firm.
Moon water find sparks city dreams, but scientists warn of scarcity
Newly confirmed water in lunar polar craters has reignited plans for moon villages, yet experts question whether the supply can sustain cities or heavy industry.
ButterHands adds second Gurugram outlet with new café at DLF Summit Plaza
Cookie‑and‑coffee brand ButterHands opens its second Gurugram outlet, a new café at DLF Summit Plaza, following its recent launch at Galleria Market.
Sizewell A sends 15,000 t of concrete to Sizewell C, slashing emissions and traffic
In 2025, over 15,000 tonnes of crushed concrete from Sizewell A were reused at Sizewell C as foundation sub‑base, cutting CO₂ emissions, landfill waste and local truck traffic.
Ripple Targets $13 Trillion Corporate Treasury Market for Stablecoin Expansion
Ripple sees a $13 trillion corporate treasury market as a growth avenue for its stablecoin business, with VP Jack McDonald highlighting the Ripple Treasury platform built on a $1 billion software acquisition.
GCRTA stalls service cuts until 2027 election amid tax‑increase debate
The Greater Cleveland Regional Transit Authority has postponed planned service reductions until the May 2027 election after public hearings, warning deeper cuts could follow a rejected tax hike.
Baleno Level-2 ADAS Upgrade: How It Compares with Hyundai i20 and Tata Altroz
How the refreshed Maruti Baleno's Level-2 ADAS features compare against the Hyundai i20 and Tata Altroz in safety, pricing, and premium hatchback tech.
Bank Holidays This Week: SBI, HDFC, ICICI and PNB Branches Closed Up to 4 Days (Sep 14–20) Under RBI Calendar
SBI, HDFC, ICICI, and PNB branches will observe up to 4 days of closures from Sep 14–20, 2026, per the RBI calendar; digital banking and UPI remain fully active.
CPSC orders recall of hundreds of thousands of Amazon finger‑light toys over battery swallowing risk
The U.S. Consumer Product Safety Commission has recalled hundreds of thousands of finger‑light toys sold on Amazon after warning that their button‑cell batteries can be swallowed or cause burns.
Studded jewellery lifts India's August export growth as CPD falls, lab‑grown diamonds surge
Studded jewellery propelled India's August export growth, while conventional precious‑stone exports fell and lab‑grown diamond shipments recorded strong gains.
Karpacz Economic Forum 2026 Highlights Poland’s Growth, Political Rift and V4 Outlook
Poland’s premier economic gathering in Karpacz examined the nation’s growth trajectory, internal political splits and the V4 bloc’s future, featuring a direct interview with Prime Minister Mateusz Morawiecki.
Starlink Leads Satellite Internet as Europe Commits €15.6B to Rival Projects
Starlink remains the dominant satellite broadband provider while Europe launches a €15.6 billion IRIS2 initiative that funds rivals, sparking a new wave of industry investment.
Uttarakhand Cabinet Raises MBBS Intern Stipend to ₹25,000, Adds 243 Athlete Posts
Uttarakhand cabinet approved raising MBBS interns' monthly honorarium from ₹17,000 to ₹25,000 and cleared 243 out‑of‑turn posts for medal‑winning athletes under the 2021 Sports Policy.
Google CEO Sundar Pichai Reconnects with IIT Batchmate Turned Renowned Monk
Google chief Sundar Pichai met his former IIT peer, now a celebrated monk, during a recent encounter.
Bank strike hits Assam, demands five‑day week, pension overhaul, PLI repeal
Bank employees across India, including Assam, walked out on Friday, pressing unions for a five‑day workweek, pension revisions and the removal of the Performance Linked Incentive scheme.
Foundries Decode Machining Datums: Inside Casting Datum Design
Abnewswire released an article titled 'Casting Datum Design: How Foundries Read Machining Datums on a Drawing' detailing the process used by foundries.
US‑Canada relationship strained 25 years after 9/11 over tariffs and trade
The United States and Canada are confronting each other on tariffs, trade disputes and the future direction of their economic and political partnership, 25 years after the 9/11 attacks.
Chatham County weighs new parking plan requirement for short‑term rentals
County commissioners are reviewing ordinances that would force every short‑term rental owner to file an annual parking plan as part of the licensing process.
Odynn CEO John Taylor Garner outlines market view and customer focus in CB Insights interview
Odynn’s chief executive John Taylor Garner spoke to CB Insights, describing how the firm defines its market, addresses customer needs, and positions itself within the sector.
CoMSO demands transparent ST representation in MRB officer recruitment
The Confederation of Meghalaya Social Organisations has petitioned the Meghalaya Rural Bank and state government, urging clarity and corrective action over the low Scheduled Tribe representation in recent officer‑level hires.
C&C Group to Acquire Asahi UK Wholesale Arm, Boosting Matthew Clark Bibendum Reach
C&C Group announced the purchase of Asahi UK’s wholesale division, with CEO Roger White saying the deal will add a number of new customers to its Matthew Clark Bibendum operation.