Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
Walt Disney said on Thursday it was willing to divest Twenty-First Century Fox assets that generated up to $1 billion in earnings before interest, tax, depreciation, and amortization (EBITDA) to get a regulatory nod for the deal.
Disney in a regulatory filing said it was willing to divest the assets, potentially including regional sports networks. The media conglomerate had previously planned to divest Fox assets that generated $500 million in EBITDA.
Fox has been in the middle of a bidding war between Disney and Comcast, with Disney on Wednesday raising its bid for the bulk of Fox's film and television assets to $71.3 billion. NBCUniversal and CNBC parent Comcast is likely to further raise its offer.
Disney and Comcast want to add to their own entertainment businesses with Fox's well-known TV shows and movie franchises, like the "X-Men" superheroes and "The Simpsons," to better compete with fast-growing digital rivals Netflix and Amazon.com.
Disney Chief Executive Officer Bob Iger, who has been working with regulators around the world for the past six months, has downplayed antitrust concerns related to the deal.