Activist investor ValueAct has been building a stake in Disney
ValueAct began buying Disney this summer during the Hollywood strikes and it is now one of the investor’s largest positions, the Activist Spotlight has learned.
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Under pressure to improve Citigroup’s performance, the bank will announce layoffs starting Wednesday, CNBC has learned.
UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’
UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 bonds is a “signal to the Swiss banking system.”
U.S. and China vie for dominance in new ‘a la carte’ world order, survey finds
Rare talks between U.S. President Joe Biden and his Chinese counterpart Xi Jinping fall against the backdrop of a more fractured world, a new study finds.
Top court upholds ruling that UK’s Rwanda migrant plan is unlawful
The UK Supreme Court ruled on Wednesday that the government’s scheme to send asylum seekers to Rwanda was unlawful.
Russia says ‘hell’ awaits Ukrainians after confirming they’ve crossed the Dnieper River into occupied territory
Russian forces are pummeling Ukrainian units that have crossed the Dnieper River to reach the Russian-occupied left (or eastern) bank of the Kherson region.
European stocks close higher amid U.S., China data; FTSE 100 turns positive for the year
European markets closed higher on Wednesday as global markets digested data out of the U.S. and China.
German Court deals blow to Scholz government with budget ruling
Germany’s constitutional court ruled on Wednesday that the coalition government’s decision to re-allocate 60 billion euros ($65.21 billion) of unused debt from the pandemic era to its climate and transformation fund was unconstitutional.
Sonic the Hedgehog helped revive 63-year-old Sega. The firm wants a repeat with its other classics
Sega Chief Operating Officer Shuji Utsumi said that the company is thinking of bringing more of its lucrative intellectual property to other platforms.
