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Serbia's only refinery is caught between Russia, Hungary, and Washington

May 23, 2026

A U.S.-imposed deadline to strip Russian ownership from Serbia's sole oil refinery passed without a deal, buying two more weeks to figure out who controls the country's energy future.

The $40 billion beauty merger that fell apart over one founder

May 23, 2026

Estee Lauder and Spain's Puig ended merger talks that would have created a $40 billion luxury beauty group, and one brand's founder appears to have killed it.

Latest

A U.S.-imposed deadline to strip Russian ownership from Serbia's sole oil refinery passed without a deal, buying two more weeks to figure out who controls the country's energy future.

Serbia's only refinery is caught between Russia, Hungary, and Washington

A U.S.-imposed deadline to strip Russian ownership from Serbia's sole oil refinery passed without a deal, buying two more weeks to figure out who controls the country's energy future.

Serbia's only refinery is caught between Russia, Hungary, and Washington

The first formal USMCA update talks open in Mexico City, with the U.S. pushing harder rules on where parts must come from.

The NAFTA rewrite starts next week, and cars are the stakes

The first formal USMCA update talks open in Mexico City, with the U.S. pushing harder rules on where parts must come from.

The NAFTA rewrite starts next week, and cars are the stakes

Estee Lauder and Spain's Puig ended merger talks that would have created a $40 billion luxury beauty group, and one brand's founder appears to have killed it.

The $40 billion beauty merger that fell apart over one founder

Estee Lauder and Spain's Puig ended merger talks that would have created a $40 billion luxury beauty group, and one brand's founder appears to have killed it.

The $40 billion beauty merger that fell apart over one founder

State oil firm NNPC says Dangote's refinery lawsuit would hand one company control over Nigeria's fuel supply, threatening prices and energy security.

Nigeria's fuel price stability hangs on a courtroom battle

State oil firm NNPC says Dangote's refinery lawsuit would hand one company control over Nigeria's fuel supply, threatening prices and energy security.

Nigeria's fuel price stability hangs on a courtroom battle

Swiss officials are pushing UBS to hold more capital, arguing the public should never again be on the hook for a too-big-to-fail bank rescue.

Switzerland wants UBS to hold more cash so taxpayers don't foot the next bill

Swiss officials are pushing UBS to hold more capital, arguing the public should never again be on the hook for a too-big-to-fail bank rescue.

Switzerland wants UBS to hold more cash so taxpayers don't foot the next bill

The Middle East war is pushing Indian migrant workers home and crushing export demand, straining the livelihoods of millions with few alternatives in sight.

The Gulf jobs are gone. Back home, there is nothing like them.

The Middle East war is pushing Indian migrant workers home and crushing export demand, straining the livelihoods of millions with few alternatives in sight.

The Gulf jobs are gone. Back home, there is nothing like them.

A $2 billion Apollo bid for UK firm Bodycote highlights a quiet trend: American private capital buying up British industrial companies at a discount.

Apollo wants to buy the company that hardens metal for your plane

A $2 billion Apollo bid for UK firm Bodycote highlights a quiet trend: American private capital buying up British industrial companies at a discount.

Apollo wants to buy the company that hardens metal for your plane

Devon Energy paid a price analysts called "eye watering" for undeveloped New Mexico shale land. Here's what it's betting on.

Devon just spent $2.6 billion on empty desert, and it thinks it knows why

Devon Energy paid a price analysts called "eye watering" for undeveloped New Mexico shale land. Here's what it's betting on.

Devon just spent $2.6 billion on empty desert, and it thinks it knows why