BUSINESS

Sony Buys 10% Of 'Elden Ring' Owner For $320 Mn

Sony saw strong sales in its gaming sector
Kadokawa, which is known for producing anime and publishing books including manga comics, said last month that Sony had made an approach to the firm, sending the media firm's stocks soaring.
A potential takeover of Everton has fallen through

US-based Friedkin Group Complete Everton Takeover

The Premier League said the Friedkin Group had purchased a 98.8 percent stake in Everton, which becomes the 10th English top-flight club under majority American ownership -- a list that includes Arsenal, Chelsea, Liverpool and Manchester United.
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Seoul's Kospi swung after South Korean President Yoon Suk Yeol was impeached at the weekend for this month's short-lived martial law declaration

Asian Markets Struggle After More Weak China Data

Asian markets mostly fell Monday after an unexpected slowdown in retail sales reinforced worries about China's economy, with the latest batch of weak data compounding the disappointment of Beijing's latest stimulus pledges.
Chinese President Xi Jinping warned Tuesday that a trade war with the United States would result in "no winners"

China's Xi Warns 'No Winners' In Trade War With US

Former US president Donald Trump -- who returns to the White House next month -- unleashed a grueling trade war with China during his first term in office, lambasting alleged intellectual property theft and other "unfair" practices.
World Bank President Ajay Banga has been pushing to raise the level of funding committed to IDA

World Bank Announces Record $100 Bn Support For World's Poorest Countries

Donor countries committed $23.7 billion to replenish the bank's concessional lending arm, known as the International Development Association (IDA), a World Bank spokesperson told AFP, marking a slight increase from the roughly $23.5 billion pledged during the last fundraising round three years ago.

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