Intesa launches $35 billion Monte dei Paschi bid in record Italian banking deal.
Economy coverage
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China's crude oil imports fell to their lowest level in over eight years last month, as the war with Iran disrupted supply and Beijing refrained from seeking replacement barrels.
India's central bank, the Reserve Bank of India (RBI), announced concessional swap facilities and allowed leverage for non-resident Indian (NRI) deposits to boost foreign exchange inflows.
The Bureau of Labor Statistics reports that 2 million Americans have been unemployed for over six months.
Supply chain disruptions in the aviation industry add at least $11 billion in extra costs for airlines, the head of the International Air Transport Association (IATA) says.
46 of 68 central banks are overshooting their inflation targets, putting financial markets on edge.
GSK is in talks to acquire cancer-focused biotech Nuvalent in a deal valued at more than $9 billion, according to the Financial Times.
Japan is currently undergoing the greatest budgetary reform process since the end of World War II, Finance Minister Satsuki Katayama says.
Paramount Skydance has submitted suggested terms to resolve an antitrust investigation by California and other states into its $110 billion deal to buy Warner Bros. Discovery.
The US may face a budget shortfall of $294 billion, according to a CBO estimate.
Rapid-commerce firm Zepto has filed an updated draft prospectus for an initial public offering, marking a key step toward a potential listing of one of India’s fastest-growing consumer internet companies.
Johnson & Johnson to acquire cancer drug technology developer Firefly Bio for $1 billion.