Business

More consumer companies are staying private for longer, avoiding the IPO road

With the rise of secondary markets and a stronger liquidity environment, more companies are choosing to stay private for longer, according to experts.

Italy's annual inflation rate down to 2.8% in July - provisional data

Drop of 0.2 of a percentage point

Maruti Suzuki Misses Profit Estimate as Higher Input Costs Bite

Maruti Suzuki India Ltd.’s profit missed analysts’ estimates as rising commodity costs offset a robust revenue growth.

New York Sues Kalshi for Running ‘Illegal Gambling’ Operation

New York sued Kalshi Inc.’s trading subsidiary for allegedly running an illegal, unlicensed gambling operation in the state, marking another major legal hurdle for an industry that has won support from the Trump administration.

US Strategic Petroleum Reserve Won’t be Tapped to Ease Prices in War’s New Phase

Fuel prices are rising but the Strategic Petroleum Reserve may not play a role in this phase of the Hormuz crisis.

Exclusive-Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal, sources say

Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal

The Race to Salvage Situational Awareness’ AI Bets

Assets at Leopold Aschenbrenner’s hedge fund Situational Awareness has gone from $45 billion to $10 billion in a month. Bloomberg's Nishant Kumar joins "Bloomberg Brief" to discuss the fund's AI bets and how Citadel stepped in to buy the…

Uganda: BOU Deputy Governor to Share Insights At Equity Bank Diaspora Webinar

[Independent (Kampala)] Kampala -- As Uganda's diaspora continues to send record remittances back home, Equity Bank Uganda is strengthening its efforts to help turn these financial inflows into long-term investments that create businesses…

Telus Cuts Dividend, Plans Asset Sales as New CEO Makes His Mark

Canadian communications company Telus Corp. slashed its dividend by about 55% and will try to unload assets, including parts of its health division, as new CEO Victor Dodig looks to repair the balance sheet.

The Tech Download: Anduril CEO Brian Schimpf talks AI in warfare and manufacturing push

CNBC's Arjun Kharpal sits down on The Tech Download podcast with the defense company chief.

East Africa: Ex-Airtel Money Kenya CEO Anne Kinuthia-Otieno Named Visa East Africa Head

[Capital FM] Nairobi -- Visa has appointed former Airtel Money Kenya Managing Director Anne Kinuthia Otieno as its new Vice President and Head of East Africa, effective August 4, 2026.