Business

The European Commission has approved the proposed $110 billion merger between Paramount Global and Warner Bros. Discovery, though the landmark media deal remains under regulatory review in the United States.

Nike is restructuring its China online sales strategy by cutting third-party distributors and focusing on official digital channels as the company attempts to recover market share amid weaker demand and rising competition.

Paramount Skydance has delayed its Warner Bros. Discovery acquisition as U.S. states challenge the $110 billion merger over competition concerns.

Shell more than doubled its second-quarter profit to $9.84 billion as higher oil and gas prices driven by the Iran conflict boosted trading and refining earnings, allowing the energy giant to maintain its shareholder returns.

Apollo Global Management has made a surprise £5.7 billion takeover bid for easyJet, offering a higher price than rival bidder Castlelake and potentially reshaping Europe's airline industry.

Crypto billionaires are backing blockchain governance systems that give voting rights based on token ownership, raising questions about whether wealth should determine influence in digital communities.

Tesla is reportedly considering separating its China operations ahead of a possible SpaceX merger, but Elon Musk has dismissed the reports as false.

OpenAI executive Fidji Simo is stepping down from her full-time leadership role and transitioning to a part-time advisory position after an extended medical leave, marking another major leadership change at the AI company.