Business
Airtel plans Rs 28,000 crore share swap: Deal with ICIL to raise parent’s stake in Airtel Africa & Mittal family’s stake in Airtel
ICIL is a Mauritius-based investment entity functioning as a family office investment vehicle for the Sunil Bharti Mittal family, a promoter group entity of Bharti Airtel. Analysts termed the move positive for Airtel, saying the Street had expected an all-cash transaction.
Read more: India working on subsea gas pipeline project
That would have required the company to draw down its large cash reserves. Instead, the deal structure preserves cash while helping the Mittal family narrow the gap with another key promoter shareholder, Singtel Group.

The transaction will also allow the Mittal family to consolidate investments in Bharti Airtel, potentially easing future fundraising through equity sales, analysts said. “Instead of Bharti paying cash (of ₹28,200 crore) to buy ICIL’s Africa stake, it is paying through newly issued shares and would consolidate Africa holding to 79%. There is 2.4% dilution for existing shareholders in India,” Bank of America said in a research report on Wednesday.
Read more: Siemens eyes exit from cancer care chain American Oncology Institute
Under the agreement, Airtel will issue about 146.7 million new shares at ₹1,923 apiece to ICIL through a preferential allotment. The issue price represents a 9.5% premium to the previous closing price before the May 13 relevant date.
In return, ICIL will transfer about 595.2 million Airtel Africa shares, representing its entire 16.31% stake in the African subsidiary. The shares will be acquired at an 11.6% discount to the last closing price before May 13. The transaction will increase Bharti Airtel’s stake in Airtel Africa to 79.04% from 62.73%, while ICIL’s stake in Bharti Airtel will rise to 3.25% from 0.95%, according to analysts.
Another analyst said the higher holding in Airtel Africa would help Bharti Airtel benefit from the subsidiary’s growth trajectory by boosting earnings per share and strengthening ownership of its African operations. “The board recognised that the transaction is in line with the objective of consolidating/strengthening shareholding in a strategic subsidiary. Apart from being cashless and leverage-neutral, the transaction is accretive to EPS (earnings per share) of Airtel India with additional earnings outweighing the dilution,” Airtel said in a statement to exchanges.
Business
SpaceX and Google Are in Talks to Launch Data Centers in Orbit
Google GOOGL 3.94%increase; green up pointing triangle is in talks with SpaceX for a rocket-launch deal as the search giant expands its own efforts to put orbital data centers in space, according to people familiar with the discussions.
A launch deal would put the two companies in partnership as they gear up to compete on orbital data centers, an unproven technology that SpaceX Chief Executive Elon Musk has said is the next frontier for his rocket company.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
Earnings call transcript: Mitsubishi Corp. Q4 2025 Earnings Beat Expectations

Earnings call transcript: Mitsubishi Corp. Q4 2025 Earnings Beat Expectations
Business
EV secures feedstock antimony ore MOU
EV Resources has entered into a non-binding MOU with a private Mexican mining group, as preparations for first production at its Los Lirios antimony mine gain further momentum.
Business
CP ALL Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (OTCMKTS:CPPCY) 2026-05-13
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Fly By Jing noodle recall over peanut contamination risk: FDA
Check out what’s clicking on FoxBusiness.com.
A potential peanut contamination has prompted a nationwide recall of certain instant noodle packages, federal regulators announced Tuesday.
Los Angeles-based Fly By Jing voluntarily initiated the recall for select lots of its Creamy Sesame Noodles, a protein-packed vegan noodle product, according to the U.S. Food & Drug Administration (FDA).
“People who have allergies to peanuts run the risk of a serious or life-threatening allergic reaction if they consume these products,” the FDA said.
“We take food quality and safety seriously, and we are deeply sorry for any concern this causes. We are committed to making this right for every customer,” Fly By Jing said.
CHOCOLATE RECALL HITS COMPANY’S ENTIRE PRODUCT LINEUP OVER SALMONELLA CONTAMINATION FEARS

The FDA announced a recall on an instant noodle product sold nationwide. (U.S. Food & Drug Administration / Fox News)
According to the recall, the company discovered that a third-party manufacturer used shared equipment that also processes peanuts under conditions that could pose a health risk to individuals with peanut allergies.
The affected products were distributed nationwide through its website and retail stores, including Whole Foods Market and Thrive Market, the FDA said. The company added that the products may also have been sold on TikTok.
The affected products include single and four-pack containers with lot codes 8-50052-23988-6 and 8-50052-23991-6. The impacted products carry best-by dates of Oct. 15, 2026, Dec. 6, 2026, and March 23, 2027.
Federal regulators added that the affected products were distributed to retailers between Feb. 1, 2026, and May 8, 2026.
MULTIPLE SNACK MIXES RECALLED, INCLUDING TARGET PRODUCT, OVER RISK OF SALMONELLA CONTAMINATION

Fly By Jing, based in Los Angeles, is recalling select lots of its Creamy Sesame Noodles. (U.S. Food & Drug Administration / Fox News)
Fly By Jing is offering full refunds to those who purchased the affected items. Customers can return the products to their retailer for a full refund, and those who bought the items through the company’s website or TikTok Shop will also be contacted, the company said.
To ensure consumer safety, the company said it immediately stopped distribution, notified customers and retail partners, and placed all remaining inventory on hold. Fly By Jing has also implemented stricter allergen controls with its third-party manufacturer to help prevent future issues.

The affected products were distributed nationwide through its website and retail stores. (iStock / iStock)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
No other products from the brand were included in the safety alert.
Customers seeking additional information may contact the Fly By Jing consumer hotline at 1-866-862-2645, or email recall@flybyjing.com.
Business
YouTube Studio Down for Creators? Latest Outage Reports, Fixes and What to Do on May 13, 2026
SAN FRANCISCO — YouTube Studio appears operational for most users Wednesday as of mid-morning May 13, 2026, with no widespread outage reported on major monitoring sites, though creators continue to encounter occasional “Something Went Wrong” errors amid lingering platform glitches from earlier this year.
Downdetector and other status trackers show minimal reports of problems with YouTube overall or its creator dashboard specifically in the past 24 hours. Video playback, uploads and analytics load normally for the vast majority, but isolated complaints persist on forums and social media about slow dashboard loading or delayed statistics.
YouTube Studio serves as the central hub for millions of content creators managing channels, uploading videos, checking analytics and engaging with audiences. Any disruption can halt workflows, delay monetization insights and frustrate scheduling. While no global outage matches the scale of February or March incidents, periodic hiccups remain common.
Earlier in 2026, creators faced notable disruptions. On March 10, YouTube Studio experienced a partial outage affecting dashboard loading, analytics visibility and mobile app functionality. Google confirmed the issue and resolved it within hours, restoring full access. Similar glitches appeared around March 30, with users reporting frozen subscriber counts and incomplete data.
The February 17 outage proved more severe, impacting the broader YouTube platform including homepage recommendations, the main app and YouTube Studio tools. Over 300,000 users reported problems at peak, primarily in the United States. TeamYouTube acknowledged the recommendations system failure on X, noting it prevented videos from appearing across surfaces. Full restoration took several hours.
These events highlight YouTube’s massive scale — more than 2.5 billion monthly users — and the complexity of its backend infrastructure. Even brief interruptions affect creators’ livelihoods, especially those relying on timely analytics for algorithm optimization or ad revenue tracking.
Common error messages include “Something Went Wrong,” “Oops,” or loading spinners that never resolve. These often stem from server-side issues, browser cache conflicts, network problems or high traffic. Mobile app users sometimes fare differently from desktop, with one interface working while the other fails.
If experiencing problems today, several troubleshooting steps typically resolve them quickly. First, refresh the page multiple times or try incognito mode. Clearing browser cache and cookies for youtube.com often helps. Switching networks or using a VPN can bypass regional routing glitches.
Updating the YouTube Studio mobile app to the latest version frequently fixes compatibility bugs. Logging out and back in, or accessing via a different device, can also restore functionality. For persistent issues, checking Downdetector or YouTube’s official @TeamYouTube account provides real-time confirmation.
Google rarely discloses root causes publicly, citing security and competitive reasons. However, industry experts point to routine maintenance, database synchronization delays or spikes in creator activity as frequent culprits. The platform’s heavy reliance on machine learning for recommendations and analytics adds layers of potential failure points.
Creators have voiced frustration over recurring disruptions. On Reddit forums like r/PartneredYoutube and r/YouTubeCreators, threads from March detailed hours-long analytics blackouts that hindered content planning. Some reported lost upload progress or inability to respond to comments during outages.
Despite challenges, YouTube remains the dominant platform for video creators, offering unmatched reach and monetization tools. Features like real-time analytics, copyright management and community posts make Studio indispensable. Google continues investing in reliability, rolling out gradual backend improvements.
For those affected right now, patience often proves effective as issues self-resolve within minutes to hours. In rare prolonged cases, reaching out via YouTube Help Center or waiting for an official acknowledgment yields results. Backup workflows — such as preparing thumbnails and descriptions offline — help mitigate impact.
The platform’s evolution includes better error handling in recent updates. Enhanced mobile Studio experiences and faster loading aim to reduce future headaches. Yet as creator numbers grow, so does pressure on infrastructure during peak hours like evenings in major time zones.
Broader context shows YouTube’s resilience. Major outages remain infrequent compared to daily uptime. The company maintains dedicated status communications and rapid response teams. For enterprise or high-volume creators, YouTube Partner Manager support provides priority assistance during incidents.
Looking ahead, expectations rise for even greater stability as artificial intelligence tools integrate deeper into Studio for content optimization and trend prediction. Any downtime in those features could amplify creator anxiety. Google has hinted at expanded redundancy measures in upcoming infrastructure announcements.
In the meantime, creators adapt by diversifying platforms — posting to TikTok, Instagram Reels or X alongside YouTube. Multi-platform strategies reduce dependency risks during technical hiccups. Many maintain personal dashboards or third-party analytics tools as backups.
As of 10 a.m. BST on May 13, monitoring sites confirm normal operations across YouTube services. Occasional user reports likely reflect localized issues rather than systemic failure. The platform continues serving billions of video views without interruption for most.
For creators checking Studio today, the dashboard should display current analytics, pending uploads and comment management tools without major barriers. If anomalies appear, standard fixes usually restore access quickly. YouTube’s scale means even small percentage issues affect thousands, amplifying visibility on social media.
The episode underscores the digital economy’s fragility. Millions depend on seamless access for income, education and entertainment. Google’s ownership provides resources for quick recovery, but expectations for near-perfect uptime grow with each incident.
Creators navigating today’s environment benefit from community knowledge-sharing. Forums, Discord groups and creator newsletters often circulate workarounds faster than official channels. Staying updated on platform changes helps anticipate potential disruptions.
While YouTube Studio functions normally now, its history of intermittent issues reminds users to prepare contingencies. Reliable internet, updated software and alternative tools form the best defense. For most, the dashboard delivers essential insights without delay on this Wednesday.
As the day progresses, any new developments will likely surface first on social platforms and outage trackers. For now, creators can focus on content rather than technical troubleshooting, with YouTube Studio standing ready to support their work.
Business
Oil Price Today (May 14): Crude oil above $105 per barrel. Here’s why Trump-Xi meeting is important for Strait of Hormuz
Trump arrived in Beijing on Wednesday evening and is set to hold a series of meetings with Xi as he looks to secure economic gains and address key geopolitical issues including the Iran war and the Strait of Hormuz.
Crude oil price on May 14
Brent crude futures rose 13 cents, or 0.12%, to $105.76 a barrel, while U.S. West Texas Intermediate futures gained 12 cents, or 0.12%, to $101.14 a barrel. Both benchmarks had settled lower on Wednesday amid concerns that further U.S. interest rate hikes could weigh on demand. Brent dropped more than $2 a barrel, while WTI lost over $1.Although Trump has said he does not believe China’s support is necessary to end the conflict with Iran, he is still expected to seek Xi’s assistance in resolving the costly and politically unpopular war.
China remains the largest buyer of Iranian crude despite sanctions and pressure from the Trump administration. More than 80% of Iran’s oil shipments in 2025 were headed to China, with independent Chinese refiners continuing to purchase discounted sanctioned crude.
Analysts at Morgan Stanley said the global oil market is now in “a race against time,” warning that the factors limiting a sharper rise in crude prices may weaken if the Strait of Hormuz stays shut into June.
Despite disruptions impacting nearly 1 billion barrels of oil supply, crude prices are still below the highs reached in 2022 after Russia’s invasion of Ukraine. Analysts led by Martijn Rats said the market entered the current crisis with stronger supply buffers, while investors largely continue to believe the strait will eventually reopen.
Morgan Stanley added that higher U.S. crude exports and softer Chinese imports have so far helped shield the market from a deeper supply shock. However, the brokerage warned that a prolonged closure of Hormuz could once again tighten global supplies if disruptions continue beyond what either China or the United States can manage comfortably.
Haitong Futures said markets remain cautious and warned the ceasefire may only be temporary. The brokerage added that stalled negotiations between Washington and Tehran could trigger another escalation, pushing oil prices even higher.
Saudi Aramco CEO Amin Nasser said on Monday that disruptions to shipments through Hormuz could delay stability returning to oil markets until 2027, potentially affecting around 100 million barrels of oil supply every week.
Nuvama Institutional Equities said an extended shutdown of the Strait of Hormuz could disrupt nearly 20 million barrels per day of global crude flows. In such a scenario, the brokerage estimates oil prices could climb to between $110 and $150 per barrel.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Southeast Asian Leaders’ Meeting Weighs Optimism Against Tension and Uncertainty
Philippine President Marcos Jr. chaired the 48th ASEAN Summit in Cebu, addressing energy security, South China Sea tensions, Myanmar crisis, and Thai-Cambodian conflict. Despite geopolitical challenges reshaping the agenda, the summit yielded substantive outcomes, including exploring regional petroleum reserves and welcoming Timor-Leste as a full member.
Key Points
- •President Marcos acknowledged the Cebu summit shifted from its intended cultural focus to pressing security issues, including energy security, with leaders exploring strategic oil reserves inspired by Asean’s 2008 emergency rice reserve model amid Middle East-driven economic shocks.
- Marcos facilitated a 75-minute meeting between Thai and Cambodian leaders over border tensions and presided over Timor-Leste’s full Asean membership, while leaders addressed Myanmar’s minimal progress on the Five-Point Consensus.
- Key remaining priorities for the Philippines’ chairship include finalizing a South China Sea code of conduct, improving Thai-Cambodian relations, and pushing Myanmar toward meaningful compliance with Asean’s core principles.
The Cebu Summit: Navigating Geopolitical Challenges
Unexpected Shifts and Landmark Moments
Philippine President Ferdinand Marcos Jr. acknowledged that the 48th ASEAN Summit in Cebu evolved far beyond his original vision of cultural celebration and regional camaraderie. Geopolitical developments redirected the summit toward pressing security concerns, yet the Philippines demonstrated remarkable resilience in steering the bloc forward. A historic highlight was Timor-Leste’s participation as a full ASEAN member, with Prime Minister Xanana Gusmão’s emotional reunion with Indonesian President Prabowo Subianto creating an atmosphere so candid that leaders spoke without prepared speeches, marking Cebu as one of ASEAN’s most consequential gatherings.
Economic Resilience and Diplomatic Breakthroughs
Energy Security and Regional Tensions
Amid a declared national energy emergency, ASEAN leaders explored strategic oil and petroleum reserves across member states, inspired by the bloc’s successful 2008 emergency rice reserve initiative. Beyond economic concerns, President Marcos played a pivotal diplomatic role by facilitating a 75-minute face-to-face meeting between Thai Prime Minister Anutin Charnvirakul and Cambodian Prime Minister Hun Manet, easing bilateral tensions. Both leaders agreed to task their foreign ministers with identifying immediate areas of cooperation while extending the ASEAN Observer Team’s ceasefire monitoring mandate for an additional three months through July.
Myanmar Crisis and the South China Sea Outlook
Firm Principles and Future Priorities
ASEAN leaders expressed open frustration over Myanmar’s minimal progress on the Five-Point Consensus, emphasizing that the bloc views Myanmar as a family member rather than merely a trade partner. While acknowledging positive steps — including the release of approximately 5,500 prisoners and a reduction of Aung San Suu Kyi’s sentence — leaders maintained firm conditions around human rights and the rule of law. Looking ahead, three priorities will define the Philippines’ chairship success: advancing a South China Sea Code of Conduct, strengthening Thai-Cambodian relations, and securing meaningful Myanmar compliance with ASEAN’s core principles.
Other People are Reading
Business
The Average Student-Loan Defaulter Is Nearly 40 Years Old
The Average Student-Loan Defaulter Is Nearly 40 Years Old
Business
How It Differs Dramatically From His Lavish 2017 Visit
BEIJING — President Donald Trump arrived in Beijing Wednesday evening for a high-stakes two-day summit with Chinese President Xi Jinping, the first visit by a U.S. leader to China in nearly nine years, but one unfolding in a far more tense and constrained atmosphere than his 2017 trip.
Where Trump’s November 2017 state visit was billed as a “state visit-plus” overflowing with pageantry — a private dinner and opera performance inside the Forbidden City, children waving flags along motorcade routes and the announcement of $250 billion in business deals — the 2026 gathering carries markedly lower ambitions and a sharper edge of rivalry.
Trump touched down at Beijing Capital International Airport as security locked down the capital and global attention fixed on the world’s two largest economies navigating war in the Middle East, persistent trade frictions and technological competition. Meetings with Xi are scheduled for Thursday and Friday at the Great Hall of the People.
In 2017, the tone was celebratory. Xi rolled out the red carpet, escorting Trump and first lady Melania Trump through the Forbidden City’s main halls for an afternoon tea and evening performance. A military band played, schoolchildren chanted welcomes and Trump praised Xi as a “very special man.” The two leaders touted what appeared to be a budding personal rapport and a new era in bilateral ties. Chinese officials unveiled a raft of memorandums of understanding worth hundreds of billions of dollars in sectors from energy to agriculture, though many later failed to materialize fully.
Nine years later, the choreography remains formal but noticeably scaled back. No “state visit-plus” designation this time. Analysts say the grandeur serves a different purpose: signaling mutual respect while acknowledging deep distrust built over a decade of tariffs, technology restrictions, military posturing and the 2023 spy balloon incident.
The agenda has shifted dramatically. In 2017, North Korea dominated alongside trade. This week, the shadow of the U.S.-Israel conflict with Iran looms large. Trump has pressed China to use its influence to help reopen the Strait of Hormuz and ease oil price spikes that have fueled U.S. inflation. Beijing, for its part, seeks stability to protect its economy and wants progress on Taiwan and reduced U.S. tech export curbs.
Trade remains central but looks different. Trump’s second-term tariffs — initially hiked sharply before partial rollbacks following the October 2025 Busan meeting with Xi — still hover around 26-34 percent on many Chinese goods after court rulings and negotiations. Chinese officials expect announcements of Boeing aircraft purchases, U.S. agricultural products and energy deals, but analysts doubt anything approaching 2017’s headline-grabbing scale.
Critical minerals and rare earths also feature prominently. The two sides are discussing extensions of existing deals while wrestling over semiconductor restrictions. Artificial intelligence cooperation — or at least guardrails — is expected to surface, reflecting how technology has become a core battleground absent in 2017.
Power dynamics have flipped in subtle but important ways. In 2017, China’s economy was far more dependent on the U.S. market; today the U.S. share of Chinese exports has fallen from about 19 percent to roughly 11 percent. Beijing has diversified trading partners, advanced its technological self-reliance and weathered previous tariff rounds. Xi enters talks from a position of greater confidence, even as China’s growth faces domestic headwinds.
Trump, distracted by the Iran conflict and domestic economic pressures, is seeking tangible wins to bolster his image at home. White House officials speak of “stabilizing” the relationship rather than resetting it. Expectations are modest: possible new dialogue forums on trade and investment, symbolic purchases and commitments to future visits — Xi to Washington in the fall and Trump to the APEC summit in Shenzhen in November.
The personal chemistry between the two leaders has evolved too. They have met multiple times, most recently in Busan in late 2025. Xi has a clearer read on Trump’s transactional style, while Trump has tempered some of the first-term bombast with pragmatic deal-making. Yet underlying suspicions remain. U.S. officials continue to view China as a strategic competitor; Beijing sees Washington as intent on containing its rise.
Security around the summit reflects the stakes. Beijing has imposed heavy restrictions, closing sites like the Temple of Heaven and tightening airspace. The visit occurs against a backdrop of military tensions in the Taiwan Strait and South China Sea that were far less acute in 2017.
Experts describe the gathering as a “risk-management summit.” Both sides want to prevent escalation but harbor little hope for breakthroughs on structural issues such as industrial subsidies or market access. “The relationship is defined more by the absence of friction than by any affirmative agenda,” one former U.S. official noted.
For Trump, a successful outcome might include photo opportunities, modest trade announcements and language committing both nations to dialogue on Iran and nuclear issues. For Xi, hosting the first U.S. presidential visit in nearly a decade allows China to project strength and global centrality even amid its own challenges.
Broader implications extend beyond the two days. The summit could set the tone for U.S.-China relations through the remainder of Trump’s term. A smoother-than-expected meeting might open doors to cooperation on global issues; missteps or overly tough rhetoric could harden positions on Taiwan or technology.
As Trump and Xi sit down Thursday, the contrast with 2017 is stark. Then, the world’s two largest economies appeared on the cusp of a golden partnership. Now, they meet as wary superpowers managing competition while the world watches — distracted by war, worried about supply chains and uncertain about artificial intelligence’s next chapter.
The Forbidden City may not host a private dinner this time. The opera is off the schedule. Instead, closed-door talks in the Great Hall will focus on preventing confrontation rather than celebrating friendship. In that shift lies the story of how the U.S.-China relationship has matured — or hardened — over the past decade.
-
Crypto World6 days agoHarrisX Poll Found 52% of Registered Voters Support the CLARITY Act
-
Fashion5 days agoWeekend Open Thread: Marianne Dress
-
Crypto World7 days agoUpbit adds B3 Korean won pair as Base token gains Korea access
-
NewsBeat7 days agoNCP car park operator enters administration putting 340 UK sites at risk of closure
-
Fashion2 days agoCoffee Break: Travel Steam Iron
-
Tech4 days agoAuto Enthusiast Carves Functional Two-Stroke Engine from Solid Metal
-
Fashion3 days agoWhat to Know Before Buying a Curling Wand or Curling Iron
-
Politics2 days agoWhat to expect when you’re expecting a budget
-
Business5 days agoIgnore market noise, India’s long-term story intact, say D-Street bulls Ramesh Damani and Sunil Singhania
-
Politics5 days agoPolitics Home Article | Starmer Enters The Danger Zone
-
Tech3 days agoGM Agrees To Pay $12.75 Million To Settle California Lawsuit Over Misuse Of Customers’ Driving Data
-
Politics6 days agoSimon Cowell Says He Was ‘Horrible’ To Susan Boyle During BGT Audition
-
Entertainment7 days agoSarah Paulson Called Out For Met Gala ‘Hypocrisy’
-
Entertainment6 days agoGeneral Hospital: Ric & Ava Bombshell – Ric’s Massive Secret Exposed!
-
Crypto World7 days agoRobinhood says Wall Street is building onchain
-
Sports7 days agoUEFA Champions League final schedule, teams, venue, live time and streaming | Football News
-
Entertainment7 days agoWhy David Letterman Called CBS ‘Lying Weasels’
-
Entertainment7 days ago
Hayden Panettiere reveals she's estranged from mom, addresses brother Jansen's sudden death: 'I was floored'
-
Sports7 days agoMike Tyson speaks out on status of Floyd Mayweather fight
-
Entertainment7 days agoParamount+’s ‘Landman’ Season 3 Gets Promising New Update From Returning Director

You must be logged in to post a comment Login