The world's largest sugar-cane ethanol producer is testing whether Brazilian courts can force debt-for-equity swaps on unwilling creditors. Raizen's restructuring plan converts 45 percent of its R$65.4 billion debt pool into equity at R$0.25 per share, giving creditors roughly 83 percent of the company, as restructuring analysis confirms.
SpaceX reset its IPO valuation to 'at least $1.8 trillion' after earlier talk of exceeding $2 trillion, as institutional feedback forced a reality check.
The Academy of Medical Royal Colleges, representing 250,000 UK doctors, issued guidance telling clinicians to routinely ask children about social media use and treat excessive usage as a major health…
Japanese day traders have pushed Tokyo Stock Exchange volumes to ¥4-4.5 trillion daily, nearly doubling last year's ¥2-2.5 trillion as AI mania grips retail investors.
Mark Zuckerberg handed his longtime lieutenant Andrew Bosworth direct control of Meta's "AI For Work" initiative, signaling a shift from metaverse dreams to AI-first operations.
Britain's brewery count is falling after growing from 500 in the early 2000s to over 3,000 by the late 2010s, with insolvencies hitting 45 in the year to March 2023 versus 15 the prior year.
Indonesia is finalizing a centralized export framework for crude palm oil, coal, and ferroalloys through its Danantara sovereign wealth fund vehicle, potentially affecting $65 billion in annual…
Brent crude fell 3% to $111/bbl after at least one vessel successfully passed through the Strait of Hormuz, signaling partial reopening of the chokepoint that carries 20% of global oil supplies.
Chinese companies proposed a record 161 GW of new coal power in 2025, even as Beijing committed to peak emissions before 2030 and phase down coal after 2025.
Dutch TTF futures dropped over 8% to €46-48/MWh as Treasury Secretary Scott Bessent said the U.S. Is "nearing the end of the war in Iran" and expects gas prices "with a three in front of it." The move…
Chinese President Xi Jinping sharply criticized Japan's defense buildup during November's Beijing summit with Trump, accusing Tokyo of "remilitarisation" as Prime Minister Sanae Takaichi pushes…
A gas explosion at Shanxi province's Liushenyu mine killed 82 workers and triggered daily limit moves in Chinese coking coal futures as traders priced in supply disruptions and safety crackdowns.
Saudi Arabia's Public Investment Fund will cut foreign assets from 30% to 18% of its $925 billion portfolio as megaproject costs force a strategic retreat from global buying sprees.
American multiple jobholders have stayed above 5% of total employment for 11 straight months, hitting a 5.19% moving average not seen since December 2009.
Western automakers are abandoning the dream of outbuilding Chinese EV leaders alone, instead partnering with local upstarts for technology and platforms.
Samsung's largest union suspended an 18-day strike threat after reaching a tentative pay deal that gives workers a bigger slice of the company's AI windfall.
Anthropic told investors it expects quarterly profitability ahead of OpenAI and xAI, driven by revenue more than doubling to $10.9 billion in Q2 while keeping training costs at $30 billion peak versus…
Russia and China signed a binding construction agreement for the Power of Siberia-2 pipeline during Putin's Beijing visit, but the fine print tells a different story.
Google is negotiating omnibus licensing agreements with Blackstone, KKR, and EQT to give their portfolio companies access to Gemini AI models, treating private equity as a distribution channel for…
A deal to end the first LIRR strike since 1994 emerged after federal mediators intervened and Governor Hochul drew a red line against fare increases 'as much as eight percent.' The three-day shutdown…