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The US Capitol in Washington, DC, US, on Wednesday, July 22, 2026. Aaron Schwartz | Bloomberg | Getty Images Congress on Thursday split on advancing a pair of war powers resolutions aimed at forcing President Donald Trump to abandon his war with Iran, as the conflict escalates into a deadly new phase and oil tops […]
Key insight: Two Black-owned banks in the Carolinas have agreed to combine in a cash-and-stock deal worth more than $105 million. What’s at stake: The merger between Optus Financial and M&F Bancorp will create a bank with larger scale at a time when many Black banks are confronting technology and other challenges. Forward look: The […]
David Solomon, chair and CEO of financial giant Goldman Sachs, has given his support for a “not perfect” cryptocurrency market structure bill under consideration in the US Senate even as many provisions continue to divide lawmakers and his fellow industry leaders. According to a Thursday Politico report, Solomon said that the Digital Asset Market Clarity […]
Markets regulator Sebi on Thursday revised the security transmission framework by introducing a new fast-track mechanism for low-value claims and standardising documentation requirements to make the process efficient and investor-friendly. The framework introduces Quick Transmission Processing (QTP) and revises the monetary thresholds under the simplified documentation route. Under the new norms, the […]
They’re spending big on group travel and events, but a whopping number of them never fully settle up, says a survey from Zelle.
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait.As Iran’s chokehold over the strait drags on and oil prices surge, countries across the Gulf are planning to spend billions of […]
Could Andy Burnham’s leadership mark a shift in tone and pace for the UK’s beleaguered economy? Business leaders hope so. Gregor Paterson, fund manager in the UK team at fund management group Amati Global Investors, highlights that the new prime minister ought to have the expertise on hand to do so. “Burnham himself has a […]
How to recognize the companies that tech giants may decide they cannot afford to lose Listen to the audio version of this article (generated by AI). In May 2023, Spark Capital made the biggest investment in its history. The venture-capital firm wrote an initial $75 million check to help fund Anthropic, then a little-known artificial […]
Indo MIM, the world’s largest manufacturer of precision engineering components using metal injection moulding (MIM) technology, has raised Rs 1,141 crore from anchor investors, including BlackRock and Prashant Jain-backed 3P India, ahead of its Rs 3,811 crore IPO, which is now open for public subscription. The company has fixed a price band of Rs 461-485 […]