Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Heavy trading expected when SpaceX options launch in coming days

Published

on

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Xperia Delivers Distinctive Features in Competitive Mid-Range Market

Published

on

Samsung Galaxy S26 Ultra Set for February 25 Unveiling at

NEW YORK — Sony’s Xperia 10 VIII continues the company’s tradition of offering specialized smartphones that prioritize unique design elements and practical functionality in the mid-range segment, appealing to users seeking alternatives to mainstream flagships.

As smartphone buyers evaluate options in 2026, the Xperia 10 VIII stands out for its combination of compact build, media-focused display and reliable everyday performance. Industry analysts note that while the device may not match the raw power of premium models, its targeted strengths address specific consumer needs often overlooked by competitors.

1. Signature 21:9 Cinematic Display

The Xperia 10 VIII features Sony’s hallmark 21:9 aspect ratio OLED display, optimized for movie watching and content consumption. This tall, narrow screen provides an immersive viewing experience without the black bars common on standard 16:9 or 20:9 displays when playing films. The panel delivers sharp colors and solid brightness levels suitable for both indoor and outdoor use, making it particularly attractive for multimedia enthusiasts.

Advertisement

2. Premium Build Quality and Compact Size

Sony maintains a focus on durable, lightweight construction with the Xperia 10 VIII. The phone’s slim profile and manageable dimensions make it comfortable for one-handed use, a rare quality in an era of increasingly large devices. The build quality emphasizes premium materials that resist fingerprints and provide a solid feel, appealing to users who value ergonomics over maximum screen size.

3. Headphone Jack and Audio Excellence

The inclusion of a 3.5mm headphone jack sets the Xperia 10 VIII apart from many competitors that have eliminated the port. Sony’s audio engineering heritage shines through with high-resolution audio support and dedicated sound processing, delivering clear, detailed output for music and calls. This feature remains important for audiophiles and users who prefer wired listening options.

Advertisement

4. Expandable Storage Options

Unlike many modern smartphones with fixed internal storage, the Xperia 10 VIII supports microSD card expansion. This practical addition allows users to easily increase capacity for photos, videos and apps without relying solely on cloud services. In an age of growing file sizes and 4K content, expandable storage provides flexibility and cost savings.

5. Reliable All-Day Battery Life

The device incorporates efficient power management and a capacity optimized for its display and processor combination. Users report consistent all-day performance with moderate to heavy use, including streaming, social media and navigation. Sony’s software optimizations help maximize runtime, reducing the need for frequent charging during busy days.

Advertisement

6. Advanced Camera Capabilities

Sony leverages its imaging expertise in the Xperia 10 VIII with a versatile rear camera system capable of detailed shots across various conditions. The setup includes features tailored for photography enthusiasts, such as manual controls and high-quality sensors. While not matching flagship ultra-wide or telephoto options, the cameras deliver reliable results for everyday photography and content creation.

7. Clean Android Experience with Long Support

The phone runs a near-stock version of Android with minimal bloatware, providing a smooth and customizable user interface. Sony has committed to extended software updates, ensuring security patches and feature improvements for several years. This long-term support adds significant value compared to devices with shorter update cycles.

Advertisement

8. Durable Design with IP Rating

The Xperia 10 VIII carries an IP68 rating for dust and water resistance, offering protection against accidental exposure. Combined with Gorilla Glass and a solid frame, the phone is built to withstand daily use and minor accidents. This durability appeals to users who prioritize longevity over frequent replacements.

9. Focused Productivity Features

The tall display enhances productivity for reading documents, multitasking and note-taking. Sony includes useful tools for business users, such as improved split-screen functionality and secure folder options. The phone’s balanced performance handles common applications efficiently without unnecessary hardware overkill.

Advertisement

10. Distinctive Brand Identity

Sony’s Xperia line maintains a unique position in the market by avoiding feature bloat and focusing on photography, audio and design. The Xperia 10 VIII appeals to consumers who appreciate this philosophy and prefer a phone that stands apart from ubiquitous designs. Its availability at competitive mid-range pricing makes it accessible to a broad audience seeking premium touches without flagship costs.

Market Positioning and Consumer Appeal

In a crowded mid-range segment dominated by aggressive Chinese brands and established players, the Xperia 10 VIII differentiates itself through thoughtful features rather than specification wars. While it may not lead in benchmark scores or camera megapixels, its strengths address real-world usage patterns that many buyers prioritize.

Advertisement

Analysts observe that consumers tired of large phones and aggressive advertising find Sony’s approach refreshing. The combination of media consumption tools, audio excellence and practical storage options creates a compelling package for users who value quality of experience over raw specifications.

Potential Drawbacks and Considerations

The Xperia 10 VIII is not without limitations. Processing power sits below some competitors in the same price range, which may be noticeable in demanding games or heavy multitasking. Camera performance, while reliable, lacks the computational photography advancements found in rival devices. Availability and carrier support can also vary by region.

Buyers should evaluate their priorities carefully. For those seeking maximum performance or advanced zoom capabilities, other options may be more suitable. However, for users focused on media, audio quality and compact design, the Xperia 10 VIII presents a strong case.

Advertisement

Sony’s Strategy in Smartphones

Sony continues refining its Xperia lineup with a focus on niche appeal rather than mass-market volume. The approach has cultivated a loyal following among enthusiasts who appreciate the brand’s imaging heritage and distinctive design language. The Xperia 10 VIII represents a continuation of this philosophy, balancing innovation with practical usability.

As the smartphone market matures, specialized devices like the Xperia 10 VIII serve important roles by offering alternatives to standardized designs. Sony’s commitment to features like the headphone jack and expandable storage resonates with segments of the market underserved by broader trends.

Conclusion and Recommendation

Advertisement

The Sony Xperia 10 VIII provides a compelling option for consumers seeking a distinctive mid-range smartphone. Its combination of cinematic display, audio excellence, practical features and durable build creates a well-rounded package that stands out in a competitive field.

While not designed to win specification battles, the device excels in areas that matter for daily use and media consumption. Shoppers prioritizing ergonomics, audio quality and long-term usability will find much to appreciate in Sony’s latest offering.

As 2026 progresses, the Xperia 10 VIII serves as evidence that thoughtful design and targeted features can still compete effectively against more powerful but less distinctive alternatives. For the right buyer, it represents an intelligent choice that delivers satisfaction beyond benchmark numbers.

The smartphone market continues evolving, but devices like the Xperia 10 VIII remind consumers that different priorities can lead to different — and often more personally satisfying — choices. Sony’s focus on its strengths creates a phone that feels purposeful rather than compromised, offering genuine appeal in a sea of similar options.

Advertisement
Continue Reading

Business

Ast spacemobile CFO Andrew Johnson disposes of $4.3m in stock

Published

on


Ast spacemobile CFO Andrew Johnson disposes of $4.3m in stock

Continue Reading

Business

Qatar and Switzerland Set for Tactical Battle in 2026 World Cup Group B Opener

Published

on

Murat Yakin

VANCOUVER, Canada — Qatar and Switzerland will open their 2026 FIFA World Cup campaigns against each other on Saturday at BC Place in what promises to be a fascinating tactical contest between two well-organized sides with contrasting strengths in Group B.

The match kicks off at 12 p.m. PT (7 p.m. GMT) and carries early importance in a competitive group that also includes co-host Canada and Bosnia and Herzegovina. Both teams enter with realistic ambitions of advancing to the round of 32 in the expanded 48-team tournament, where the top two from each group progress automatically and the eight best third-placed teams also advance.

Qatar’s Ambitions as Asian Representatives

Qatar, hosting the 2022 tournament and reaching the round of 16, arrives with continued investment in its national team program. The squad blends experienced players with emerging talents developed through the country’s ambitious football infrastructure. Coach Bruno Tabata has emphasized disciplined defending and quick transitions, aiming to make Qatar a difficult opponent for any side.

Advertisement

Key players include experienced midfielders capable of controlling tempo and forwards with the ability to exploit spaces. Qatar’s home advantage in North America is limited, but their tactical cohesion and physical preparation could prove valuable against European opposition. The team has shown improvement in recent friendlies, focusing on set-piece execution and defensive solidity.

Advancing from Group B would represent another milestone for Qatari football. With the expanded format providing more opportunities, a positive result against Switzerland would set an ideal tone for the campaign.

Switzerland’s Experience and Structure

Switzerland enters as one of Europe’s most consistent performers, regularly qualifying for major tournaments and reaching the knockout stages. Coach Murat Yakin’s side is known for tactical flexibility, strong organization and experienced leadership. The team features a solid defensive foundation and dangerous attacking options on the counter.

Advertisement

Veteran players bring valuable international experience, while younger talents add dynamism. Switzerland’s ability to adapt mid-game and capitalize on set pieces has been a hallmark of their success. They will view this opener as an opportunity to secure early points against a capable opponent and establish themselves as contenders for top spot in the group.

Tactical Outlook and Key Matchups

The game is expected to feature a clash of styles. Qatar may look to control possession and build patiently, utilizing width and midfield creativity. Switzerland is likely to press high at times while maintaining a compact shape, looking for transitions and exploiting any gaps in Qatar’s defense.

Midfield battles will be crucial, with both teams possessing players capable of dictating tempo. Set pieces could prove decisive, as Switzerland has shown proficiency in aerial duels and Qatar has improved its delivery and marking. Individual duels between key attackers and experienced defenders will also shape the outcome.

Advertisement

Both coaches have stressed respect for the opponent while expressing confidence in their preparations. The match promises intensity and strategic nuance typical of high-level international football.

Group B Context

Group B presents a balanced challenge with Canada benefiting from home support and Bosnia and Herzegovina adding physicality. Results in the opener will influence tactical approaches in subsequent fixtures. A win for either Qatar or Switzerland would provide a significant advantage, while a draw would keep both sides in contention but increase pressure for positive outcomes later.

The expanded format rewards consistency across three group matches. Teams that start strongly often carry momentum into the knockout stages, making Friday’s encounter particularly important for establishing early credentials.

Advertisement

Historical Performances

Qatar has grown steadily on the international stage since hosting the 2022 World Cup. Their ability to compete with stronger nations has improved, though consistency against European sides remains a challenge. Switzerland has a solid World Cup record, frequently advancing from the group stage through disciplined performances.

Previous encounters between Asian and European teams in the World Cup have produced mixed results, with tactical execution and physical condition often proving decisive. This matchup offers both sides an opportunity to make an early statement.

Fan and Media Anticipation

Advertisement

Expect passionate support from both sets of fans at BC Place. Swiss supporters are known for their organization and energy, while Qatar’s traveling contingent will bring color and enthusiasm. The neutral venue still provides an electric atmosphere for an opening group match.

Media coverage has highlighted the tactical intrigue and potential for an upset. Analysts view the game as evenly matched on paper, with small margins likely to determine the outcome. Global audiences will watch closely as the tournament’s group stage continues delivering competitive football.

What to Watch

Key storylines include Qatar’s ability to maintain possession against Switzerland’s pressing, midfield control, and effectiveness on set pieces. Individual performances from key attackers and defensive organization will be under scrutiny. Weather conditions in Vancouver are expected to be favorable, allowing both teams to play their preferred styles without major external interference.

Advertisement

Coaches have prepared thoroughly, focusing on fitness and tactical adaptability. The match promises high-level execution as both nations begin their quests for progression.

Broader Tournament Narrative

The 2026 World Cup’s multi-nation hosting and expanded field have already produced compelling early matches. Group B’s opener represents another opportunity for drama as ambitious teams seek to establish themselves. Qatar’s continued development and Switzerland’s consistency add layers of intrigue to the contest.

As the tournament progresses, results in Group B will influence bracket pathways and knockout stage aspirations. Strong performances in the group phase will set the tone for deeper runs and potential historic achievements.

Advertisement

Outlook for the Match

Both teams enter with clear ambitions and well-defined strengths. Qatar will look to impose its style and capitalize on any opportunities, while Switzerland aims to frustrate and counter effectively. A decisive result could shape group standings and confidence levels heading into subsequent fixtures.

The football world will watch as Qatar and Switzerland begin their campaigns with high stakes. The outcome will provide important insights into both teams’ potential as the 2026 World Cup unfolds across North America.

Fans are encouraged to follow official broadcasters for live coverage. The match at BC Place promises tactical quality and competitive spirit as two well-prepared sides open Group B play.

Advertisement

The expanded tournament format continues to deliver balanced and entertaining football. Qatar vs Switzerland offers an early highlight in a group filled with potential for surprises and strong performances. As kickoff approaches, anticipation builds for what promises to be a closely contested and strategically rich encounter.

Continue Reading

Business

Millicom Cellular: A Rare Telecom Growth Story With A 3% Yield (NASDAQ:TIGO)

Published

on

Millicom Cellular: A Rare Telecom Growth Story With A 3% Yield (NASDAQ:TIGO)

This article was written by

Passage Research focuses on identifying variant perception through a blend of fundamental analysis and alternative data. The research process combines detailed financial modeling with real-time datasets to underwrite earnings power, margin durability, and forward expectations.The author has spent over a decade on Wall Street, most recently spending the last five years working in the hedge fund industry as an analyst. Typical coverage spans consumer, TMT, industrials and special situations, with an emphasis on asymmetric risk/reward and catalyst-driven opportunities.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TIGO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

SpaceX IPO creates windfall for thousands of current and former workers

Published

on

SpaceX IPO creates windfall for thousands of current and former workers

SpaceX’s record-setting IPO is creating a financial windfall for thousands of the company’s current and former employees who received stock as part of their compensation.

Workers who hold stock in non-public companies are subject to restrictions that can keep them from selling those shares under most circumstances before an IPO occurs. Once the stock goes public, it starts a timeline under which they can begin to sell some of those shares as so-called “lock-up periods” gradually allow employees to sell shares in tranches that expand over time.

Advertisement

The ranks of SpaceX workers who will see an influx of wealth as a result of the IPO include not only those who design the rockets and satellites that have made the company famous, but also baristas, janitors and other workers who helped keep the company running.

FOX Business spoke with workers outside of SpaceX’s facility in Hawthorne, California, about their plans for the monumental IPO turning into a reality.

SPACEX MAKES HISTORIC DEBUT; MUSK SOLIDIFIES STATUS AS WORLD’S FIRST TRILLIONAIRE

SpaceX workers on the job in Brownsville, Texas

SpaceX workers and former employees who received stock options have an opportunity to cash in a windfall following the company’s IPO. (Reuters/Veronica G. Cardenas/File Photo)

One SpaceX employee, who said that he’s a process planner, said that he wants to “try to stay healthy” and that the IPO is “a beautiful thing… I mean, Elon is the best. Go Elon!”

Advertisement

Another SpaceX employee said that, “I’ve been a millionaire for a while, but it’s always nice to have money. It’ll be great when the lock-up period is out, of course, and we can actually sell some of it and that’ll feel a little more into the wealth, but it’s a great day.”

Juan Hernandez, who previously worked as a welder at SpaceX, told CBS News that when he was first hired by the company in 2015 he was offered $10,000 in stock. He explained that it “wasn’t a big deal” to him at the time and, “I didn’t know it was gonna be this big, at this point.”

Ticker Security Last Change Change %
SPCX SPACE EXPLORATION TECHNOLOGIES CORP. 160.95 +25.95 +19.22%

Hernandez, who now works at Blue Origin after a 10-year stint at SpaceX, told CBS that he has around 6,500 SpaceX shares that would represent a nearly $880,000 windfall based on the IPO listing price of $135 a share. He added that giving employees stock options encourages them to “perform a lot better because, I mean… it’s their company as well.” 

He went on to tell the outlet that he wants to maintain a strong work ethic after the IPO and plans to keep working, and expressed gratitude to Musk for “making all these lives much better and meaningful for their families as well.”

Advertisement
Tesla CEO Elon Musk

SpaceX founder and CEO Elon Musk became the world’s first trillionaire following the IPO. (Suzanne Cordeiro/AFP via Getty Images)

SPACEX SET A NEW RECORD FOR IPOS: THESE ARE THE WORLD’S 5 LARGEST

The Wall Street Journal reported that J. André Lavoie, a 63-year-old former SpaceX engineer who moved to Italy five years ago, has shares valued at over $28 million based on the IPO price. Lavoie plans to use the funds to renovate a hotel he purchased and is considering helping others in the community transition from heating their homes with burning wood to cleaner heating sources.

“I don’t want to just die with a pile of money in the bank,” Lavoie told the Journal. He added that the rise in the value of the shares has caused him to reconsider his plans. “Every year the shares have been going up so radically it keeps messing up my life plans.”

The Journal also spoke with 27-year-old Maryellen Musselman, who joined SpaceX in 2022 and worked on a ship used in retrieving rocket parts from the company’s launches that splashed down off the coast of Florida

Advertisement

Musselman used 10% of her pay to purchase additional shares during the two years she worked at SpaceX and said that while she’s unsure of how quickly she’ll look to sell, saying it’ll likely be “an 11th-hour decision.”

SpaceX launches Starship on May 27, 2025

SpaceX’s IPO was the largest in history, with a raise of about $75 billion. (Joe Skipper/Reuters)

SPACEX’S FIRST EMPLOYEE SAYS HISTORIC $1.7T IPO WILL BE ‘LIFE-CHANGING’ FOR THOUSANDS OF WORKERS

She wants to use the money to help her start a ship repair business in Chesapeake, Virginia, saying that, “Mariners are not usually stock owners in their companies, they’re not always under benefits.”

Tom Mueller, who was hired as SpaceX’s first employee in 2002 and led projects including the Merlin Engine that powers the Falcon 9 rocket, the Raptor Engine that powers Starship and other key propulsion systems, told FOX Business’ “The Claman Countdown” on Thursday that the IPO would be life-changing for employees.

Advertisement

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“Elon always said that ‘Your salary is one thing, but it’s the equity that’s gonna be worth something.’ And we are all like, ‘Yeah, okay someday,’” Mueller said. “That day is here. It’s great.”

Continue Reading

Business

Heather Stevens of the Waterloo Foundation made a Dame in the King’s Birthday Honours List

Published

on

Business Live

Former chief executive of the WRU Roger Lewis also receives an MBE

Dame Heather Stevens.(Image: western mail)

Heather Stevens, chair of the Waterloo Foundation and part of the founding team of what became Wales’ biggest company, Admiral, has been made a Dame in the King’s Birthday Honours List.

Ms Stevens receives a Dames Commander of the Order of the British Empire (DBE) for her services to the environment, young people and philanthropy in Wales.

With her husband David Stevens – a co-founder of Admiral who later became its chief executive – they established the Waterloo Foundation in 2007 with a personal contribution of £99m into an endowment fund. Since then the Cardiff-based charity has awarded around 4,300 grants worth more than £170m from their personal wealth. The charitable foundation is targeting reaching £200m over the next few years. The Waterloo Foundation has supported projects in areas such as child development, health and the environment. While it has an international dimension, a significant share of its grants have been for projects and good causes in Wales.

Dame Heather, 68, was part of the founding team of Admiral when it set up in Cardiff in 1993 selling car insurance over the phone. She played a key role in marketing the nascent business, which today is Wales’ only FTSE 100 business with a market capitalisation of more than £10.54bn. Headquartered in Cardiff it also has car insurance businesses in Italy, Spain and France. It employs 13,000 globally, with more than 7,000 based in South Wales.

Advertisement

She received a CBE in 2010 and served as the High Sheriff of South Glamorgan in 2015. She lives with her husband in the Vale of Glamorgan.

Roger Lewis

Roger Lewis.

Former chief executive of the Welsh Rugby Union, Roger Lewis, has been awarded an MBE in the King’s Birthday Honours in recognition of his support to service personnel and veterans.

Cefn Cribwr-born Mr Lewis is the founding chair of the Churchill Lines Foundation, a military charity he established in 2014 to support members of the armed forces community. The MBE recognises his sustained commitment to improving the lives of those who serve and have served in the armed forces, and his leadership in building a charity dedicated to their welfare and support.

Advertisement

In March the King became a patron of the Churchill Lines Foundation, marking a significant milestone in the charity’s development.

Commenting on his award, Mr Lewis said:“It is a great honour to support the extraordinary men and women who serve our country. They protect and defend our freedom. I dedicate this award to them and share it with my fellow trustees and friends of the Churchill Lines Foundation.”

During a 30-year career in London he held numerous senior roles including head of music at BBC Radio 1, managing director of EMI Records classical division president of Decca Records and managing director and programme controller of Classic FM.

He returned to Wales in 2004 as managing director of ITV Wales. He served as group chief executive of the Welsh Rugby Union and the Millennium Stadium from 2006 to 2015. He is a former chairman of Cardiff Airport and the Cardiff Capital Region. Mr Lewis lives in Penarth.

Advertisement

Steve Hughson

Steve Hughson(Image: Pr hadnout)

Mid Wales-based farming, tourism and events leader, Steve Hughson, has has received an MBE. Mr Hughson, 63, from Newbridge-on-Wye, is recognised for service to agriculture, tourism and events in Wales.

His distinguished career has spanned policing, rural affairs, major events, tourism, youth development and volunteering across Wales.

He said: “I am very proud and humbled to receive this huge honour which is a tribute not only to me but also to all the people I have worked with over the years in agriculture, tourism and events,” he said modestly.

Advertisement

“When I was chief executive of the Royal Welsh Agricultural Society (RWAS), I always checked the honours list to see if anybody from the field of agriculture in Wales had been recognised, so that we could celebrate their achievement. To now be honoured myself and by the king is the icing on the cake

“Through my previous roles with the police and Royal Welsh Show, I have had close contact with the Royal family, for whom I have the utmost admiration. I am very grateful to the person who nominated me for this honour, as I know from personal experience the huge amount of work involved in the nomination process.

“All my roles have been quite demanding and my family – my wife Andrea and two children – have stood by me throughout. This honour is a testament to their support.”

Born in Builth Wells and raised on the family beef and sheep farm, Mr Hughson attended the town’s grammar school before joining the Metropolitan Police in London in 1983.

Advertisement

He returned home to Wales in 1992, transferring to Dyfed Powys Police and, after 30 years’ police service, retired as chief superintendent and head of territorial policing.

The RWAS recruited Mr Hughson as chief executive, a role in which he helped to revitalise, modernise and enhance the society’s financial stability and engage with Welsh Government and key external partners.

Recognising the strong link between events and tourism, he has chaired Mid Wales Tourism Forum for 10 years and sits on the Welsh Government Visitor Economy Forum, which he represents on the Regional Skills Partnership Board.

Durinbg the pandemic, he became a voice for tourism and events during weekly meetings with Welsh Government and was appointed chair of the newly created Event Wales Industry Advisory Group, working closely with the government’s major events team.

Advertisement

Mr Hughson also served for two, four-year terms on the Welsh Government’s Agricultural Advisory Panel and his keen interest in the development of young people led to his election as chair of Wales Young Farmers Clubs board of trustees in 2024.

He has volunteered as Nantmel Show outdoor secretary for more than 15 years, is an active supporter of Brecon Mountain Rescue Team and member of both Builth and District Running Club and the Old Stagers drama production group, comprising ex-YFC members.

Other Welsh recipients include:

Glynne David Jones CBE a former director in Wales Office, receives a Companion of the Order of the Bath (CB) for public service.

Advertisement

Former director of Merthyr-based think-tank the Bevan Foundation, Victoria Winkler, receives a CBE for public service.

Martin Dafydd Brown. director of retirement services, Department for Work and Pensions, receives a CBE for public service.

An OBE for Claire Jane Bennett, director, climate change and environmental sustainability, Welsh Government, for services to vulnerable people, children and to community cohesion.

An OBE for Geraint Wyn Jowers. deputy director, security consultancy services, HM Revenue and Customs, for public service.

Advertisement

An OBE for Professor David Austin for services to the heritage of Wales , economic regeneration and young people.

An OBE for Hywel Thomas Baker, managing director, Sierra Nevada Corporation, Mission Systems UK., for services to defence industry investment, regional economic development, veterans support, and to national security.

An OBE for Andrew Charles Bowden for services to housing and to the community in Wales.

Advertisement
Continue Reading

Business

UK vows to phase out Russian diesel and jet fuel imports by new year

Published

on

UK vows to phase out Russian diesel and jet fuel imports by new year

The ban forms part of the government’s package of sanctions on Moscow due to the ongoing war with Ukraine.

Continue Reading

Business

Exxon Mobil set to place Alex Volkov as head of global trading, sources say

Published

on

Exxon Mobil set to place Alex Volkov as head of global trading, sources say


Exxon Mobil set to place Alex Volkov as head of global trading, sources say

Continue Reading

Business

Paramount-WBD merger wins approval from DOJ, source says

Published

on

Paramount-WBD merger wins approval from DOJ, source says

Paramount Skydance CEO David Ellison speaks on stage during the Paramount Pictures presentation at CinemaCon at The Colosseum at Caesars Palace in Las Vegas, April 16, 2026.

Valerie Macon | AFP | Getty Images

The U.S. Department of Justice has signed off on Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, a person familiar with the matter told CNBC Friday.

Advertisement

It’s an important milestone for the roughly $110 billion deal that’s drawn criticism over antitrust concerns, though it could still face legal challenges from state attorneys general. California AG Rob Bonta has been among the officials reviewing the proposal, and the deal “remains under investigation by the California Department of Justice,” his office said in a statement Friday.  

The DOJ is expected to announce its approval soon, according to the person familiar, who spoke on the condition of anonymity before the information was public. Paramount didn’t immediately respond to request for comment Friday. Politico first reported the government approval. 

Paramount’s stock was up about 4% in after hours trading.

Paramount CEO David Ellison told investors during the company’s April earnings call that the deal was on track to close by September, after which point a so-called “ticking fee” kicks in, making the deal more expensive. The proposed merger has already received WBD shareholder approval. 

Advertisement

In late February, Paramount offered $31 per share to acquire all of WBD’s assets, which includes cable TV networks like CNN and TBS, the Warner Bros. film studio and streaming platform HBO Max. The proposal came following multiple offers and upended a deal with Netflix for that company to acquire WBD’s streaming and film assets.

Paramount is still awaiting regulatory approval from European officials. Earlier this week the European Union’s regulator arm began reviewing the proposed deal and set a July 14 deadline for vetting, according to a notice on its website.

On Wednesday Paramount said in a regulatory filing that the deal received approval from the Australian Competition and Consumer Commission.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Advertisement
Continue Reading

Business

Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

Published

on

Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.

Continue Reading

Trending

Copyright © 2025