David Ellison Defends Warner Bros. Merger in New Essay

Paramount Skydance CEO David Ellison speaks during the Bloomberg Screentime conference in Los Angeles on October 9, 2025

Paramount chief executive David Ellison broke his silence on Tuesday regarding his stalled $110 billion mega-merger with Warner Bros. Discovery. In a published essay, Ellison defended the transaction against antitrust lawsuits brought by state attorneys general, arguing that opposition to the massive deal is driven by concerns over political control of CNN. The high-stakes battle … Read more

US Labor Market Stabilizes as Jobless Claims Fall and Openings Hold Steady

US weekly jobless claims fell to a seasonally adjusted 208,000 for the week ended July 11, 2026, according to the Labor Department. The drop points to ongoing labor market stability following a spring surge, while June job openings held steady at 7.4m according to the Bureau of Labor Statistics. Initial claims for state unemployment benefits … Read more

Dangote Oil Refinery Aims to Raise $5 Billion in October IPO

Dangote Oil Refinery Aims to Raise $5 Billion in October IPO

Backed by Africa’s richest man, Aliko Dangote, the company recently secured $2.5 billion in a heavily oversubscribed private equity placement. Nigeria’s massive Dangote oil refinery has submitted initial filings with the Nigerian capital markets regulator as it moves toward what is projected to be Africa’s largest market listing in history. The company aims to raise … Read more

Palantir Stock Surges After Q2 Revenue Grows 93% on AI Demand

Alex Karp, wearing a hat, gives a peace sign

Palantir shares surged up to 16% in premarket trading on Tuesday, after the enterprise software giant reported second-quarter revenue grew 93% year-over-year to $1.94 billion. Co-founder and CEO Alex Karp attributed the blowout results to soaring demand for sovereign artificial intelligence tools. Palantir delivered one of its strongest financial performances to date in the quarter … Read more

Gold Prices in Egypt Remain Stable on Tuesday, August 4, 2026

Gold Prices in Egypt Remain Stable on Tuesday, August 4, 2026

Gold prices in Egypt exhibited mixed movements and relative stability on Tuesday, August 4, 2026, as domestic markets balanced local currency fluctuations with shifts in global bullion values, according to Youm7. While some platforms reported slight upward adjustments driven by early global gains, other tracking data noted downward pressure that kept prices moving within a … Read more

Gauteng High Court Declares SANRAL Road Maintenance Tender Process Unlawful

SANRAL CEO Demana says the roads agency will return to awarding routine road maintenance contracts through individual open

The South African National Roads Agency (SANRAL) is returning to a traditional open tender system for routine road maintenance after the Gauteng High Court declared its contractor panel procurement model unconstitutional and unlawful on July 20, 2026, following legal challenges by unsuccessful bidders BCB Solutions and Botle Ba Afrika. By attempting to slash its contractor … Read more

The Haunted Bookshop Seeks £20,000 to Prevent Closure in Bristol

The Haunted Bookshop, a Bristol-based independent store specializing in horror, fantasy, folklore, and the occult, is seeking to raise £20,000 to avoid closure. Owner Monika Killer launched a crowd fundraiser to address essential bill arrears caused by cost-of-living pressures and a heatwave-driven drop in footfall. After two years of operation in Bristol, the shop has … Read more

Africa, Asia push for fairer global tax rules

Developing nations in Africa and Asia are intensifying demands for an overhaul of the global tax system during the fifth negotiating session of the United Nations Framework Convention on International Tax Cooperation, held from August 3 to 13, 2026, in New York, to combat systemic inequities and fund public services. The current international tax architecture … Read more

McDonald’s Misses Sales Expectations and Names New USA President

This result slightly missed the 1.4% gain expected by Wall Street analysts, as the company faces a challenging economic backdrop and continued financial strain on low-income consumers, according to Yahoo Finance. The numbers coming out of McDonald’s latest quarter reflect a company fighting for momentum in a tightening economy. While the chain managed to keep … Read more