Insightful Analysis on Economics, Markets & Global Affairs

Paddy Power's parent company is axing more than 10% of its UK workforce, blaming a near-doubling of online casino tax. But not everyone believes the math.

Mukesh Ambani's Jio Platforms is targeting a $120 billion valuation in India's biggest-ever IPO, but the number has already been cut nearly in half.

Japan's SoftBank is weighing a bid for Allied Universal, the largest private security firm in the US, and investors sold off sharply on the news.

More than 30% of Covid disaster loans are now in default, and the small business owners who survived the pandemic may not survive the debt.

Thoma Bravo-owned Proofpoint is buying cybersecurity firm Varonis for $49.75 a share, a $6.3 billion all-cash deal that consolidates who guards corporate data.

Canada's Fairfax Financial won the auction for a 60% stake in one of India's largest state-owned banks, betting on a rising middle class.

Netflix is laying off 6% of its workforce as YouTube and TikTok eat into its audience and analysts warn its subscription model may be hitting a ceiling.

The US Treasury fined Bank of America $1.2bn for letting over $5bn in suspicious transactions slip through, including deals tied to Chinese laundering networks and the southern border.