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Warner Bros urges shareholders to reject inferior Paramount offer
Posted onWarner Bros Discovery has told its shareholders to reject an “inferior” updated bid from Paramount Skydance to buy the company. It is the second time in less than a month the Warner Bros board has urged its shareholders to say no to the Paramount offer, after announcing on 5 December that Netflix was buying the…
Federal court blocks Trump from sacking Lisa Cook
Posted onUS President Donald Trump cannot oust Federal Reserve governor Lisa Cook from her role, a federal appeals court has ruled. The 2-1 ruling on Monday is a blow to Trump as it means Cook can now stay in place for the Fed’s policy meeting on Tuesday and Wednesday, where it is expected to cut US…
Trump picks Kevin Warsh to lead the US Federal Reserve
Posted onWarsh, a 55-year-old economist, is a fellow at the right-leaning Hoover Institution and serves on the board of courier UPS. He has been an outspoken Fed critic, lambasting everything from the central bank’s heavy reliance on data to its use of assets on its balance sheet.
Watch: Are Trumps tariffs delivering on his objectives?
Posted onTariffs have never been far from the headlines during President Trump’s second term in office and another raft of these import taxes has just come into force. So are US households really paying 1.5% more because of them? The BBC’s Samira Hussain explains how tariffs are affecting the US economy, who pays the price, and…
Rail security to be reviewed after train stabbings, says minister
Posted onJennifer MeierhansBusiness reporter PA Media There will be increased visible patrols at mainline stations over the coming days, the Transport Secretary said There will be a review of rail security in the UK following a mass stabbing on a train, Transport Secretary Heidi Alexander has said. A man has been charged with 10 counts of…
