The Mittal family and vaccine billionaire Adar Poonawalla are set to acquire Rajasthan Royals, marking one of the most valuable and extensive franchise deals in cricket history, with international teams included. The Mittal family, led by Lakshmi N. Mittal and Aditya Mittal, has struck a definitive agreement to acquire Rajasthan Royals in partnership with vaccine billionaire Adar Poonawalla, in a transaction valued at about $1.65 billion, according to Mint and corroborating reports from Indian business media. If completed, the deal would give the Mittals roughly 75% of the franchise, with Poonawalla taking about 18%, while the remaining 7% would stay…
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Broad gains across Tel Aviv’s main indices were driven by buoyant construction and technology sectors amid speculation of more aggressive interest rate cuts by the Bank of Israel, boosting trading volumes and sector rotation. Friday’s session on the Tel Aviv Stock Exchange ended with broad gains, as the main benchmarks…
The Supreme Court approaches May 2026 with a docket poised to redefine agency authority and reshape legal landscapes across sectors, impacting regulatory enforcement and corporate risk strategies. The Supreme Court is heading into May 2026 with a docket that is already shaping the legal and commercial landscape well beyond Washington.…
The US Environmental Protection Agency has announced a rolling public list of confidentiality claims under TSCA that are set to expire, prompting companies to review and renew their submissions before the June 2026 deadline to protect sensitive information. The US Environmental Protection Agency has begun publishing a public list of…
The European Central Bank and the Bank of England are re-evaluating their monetary policies amid rising energy costs driven by Middle East tensions, with possible rate hikes on the horizon despite recent market expectations of easing. The European Central Bank and the Bank of England are shifting back towards a…
Ahead of potential re-rating, American Express’s unique subscription model and integration of AI tools could boost long-term shareholder returns, according to analysis. American Express looks like a business built for patience: a premium card network with recurring revenue traits, pricing power and a long record of returning cash to shareholders.…
Greenly’s UK campaign, mimicking The Economist’s style, aims to position carbon data as a critical tool for economic performance, blurring the lines between environmental and financial intelligence. Greenly has launched a UK campaign that deliberately borrows the look and feel of The Economist, recasting itself as “The Ecologist” in a…
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While some regions show slight easing in rental affordability, London and the South East continue to face severe cost pressures, prompting calls for policy support amid rising rent-to-income ratios across the UK. Renting a home in the UK continues to present significant affordability challenges, with wide regional disparities highlighted in…
British Airways’ chief executive suggests avoiding the controversial M25 reroute by favouring a shorter runway, as the Heathrow expansion plans face competing proposals and complex logistical considerations. British Airways’ chief executive, Sean Doyle, has suggested that Heathrow Airport’s much-debated expansion should avoid rerouting the M25 motorway if possible, offering a…
Transport for London’s crackdown on unauthorised flags has ignited community protests and reignited debate over the importance of national symbols in fostering unity and cultural identity amid growing political correctness. Transport for London (TfL) has reaffirmed its commitment to removing unauthorised displays of flags, including the Union Jack and St…
US banks are regaining dominance in commercial real estate loans in 2024, driven by increased loan originations, sector shifts like data centres, and ongoing refinancing needs, despite rising delinquencies and legal challenges. Commercial real estate (CRE) lending by banks in the United States has seen a notable resurgence in 2024,…
The Local Government and Social Care Ombudsman has criticised TfL for uncommunicated changes to vehicle scrappage schemes linked to ULEZ expansion, amid concerns over transparency and fairness but noting significant environmental benefits. Transport for London (TfL) has come under scrutiny from the Local Government and Social Care Ombudsman for its…
A pioneering UCL study using helmet cameras and GPS highlights the increased risk for cyclists during peak hours, especially on roads lacking dedicated cycling lanes, prompting calls for safer infrastructure in London. A recent study conducted by University College London (UCL) has underscored the critical safety challenges faced by cyclists…
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