Financial Markets

James Murdoch to acquire New York Magazine and Vox Media Podcast Network

The deal, valued at more than $300m, gives Murdoch control of a storied magazine and a podcast division.

Meta cancels hiring plans for 6,000 roles amid ongoing layoffs and a pivot to artificial intelligence development.

Stocks in companies hit by US and Israeli strikes, such as energy and steel firms, didn’t take part in the reopening.

Adani was accused of bribing Indian officials and misleading US investors to secure a solar power plant project in India.

One of the biggest proposed mergers this year, companies’ union will create world’s biggest regulated electric utility.

The capital market is not Iranian economy’s main financing engine, but it still matters politically and psychologically.

Neither the Chinese government nor Boeing issued statements confirming the purchase agreement.

ANALYSIS

Power is no longer exercised through military force alone, but via technology, finance and control over information.

EDITOR'S ANALYSIS

Trade between the two countries has suffered since Trump came into office even as China’s exports have hit new highs.

CEO Cohen, who has built a 5 percent position in eBay, has hinted he may take offer directly to eBay shareholders.