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Analysis-World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

By Dmitry Zhdannikov, Robert Harvey and Ahmad Ghaddar LONDON, July 6 (Reuters) - The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term peace elusive and buffer reserves now drained, ...
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EasyJet shares jump 10% after airline backs $7.3 billion Castlelake takeover

July 6 (Reuters) - Shares in easyJet rose 10% in early trading on Monday after the British budget airline agreed in principle to a £5.5 billion ($7.34 billion) takeover proposal from U.S. investment firm Castlelake over the weekend. EasyJet said on Sunday it was prepared ...
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EasyJet’s flight path from start-up to takeover deal

July 5 (Reuters) - A £5.50 billion ($7.34 billion) deal for U.S. investment firm Castlelake to acquire British budget airline easyJet, announced on Sunday, would mark a new chapter in the carrier's 31-year history. Here is a timeline of easyJet's key milestones: 1995 Founder Stelios Haji-Ioannou launches ...
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Samsung likely to post 18-fold jump in profit on surging AI demand for memory

By Heekyong Yang SEOUL, July 6 (Reuters) - Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as AI growth continues to strain memory supply and push chip prices ...
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EasyJet agrees in principle on Castlelake’s sweetened £6.90 per share bid

July 5 (Reuters) - British budget carrier easyJet said on Sunday it has reached an agreement in principle with Castlelake on a sweetened £6.90-per-share takeover proposal from the U.S.-based investment firm. The new offer values easyJet at £5.23 billion ($6.94 billion). Castlelake had previously proposed £6.50 ...
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‘Minions & Monsters’ tops Fourth of July holiday box office, barely beating ‘Toy Story 5’

LOS ANGELES (AP) - The Minions have taken down "Toy Story 5″ at the July Fourth weekend box office, but not by much. "Minions & Monsters," the seventh film in the "Despicable Me" franchise, earned $36.4 million at the holiday weekend box office, according to ...
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OPEC+ approves further oil output increase as Hormuz exports start to recover

By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON, July 5 (Reuters) - OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due ...
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Brazil’s top presidential candidates Lula and Flávio Bolsonaro clash over US tariff proposal

RIO DE JANEIRO (AP) - Brazil's President Luiz Inácio Lula da Silva and his rival Sen. Flávio Bolsonaro clashed over U.S. tariffs this week, as both sought to discourage the Trump administration from following through with its proposal of applying taxes of 25% on ...
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SK Hynix considering 0.5% fee payout in ADR offering, Bloomberg News reports

July 4 (Reuters) - SK Hynix is considering paying about 0.5% of the proceeds from its U.S. listing to banks working on the deal, Bloomberg News reported on Saturday citing people familiar with the matter. • The South Korean chipmaker has indicated it ...
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Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports

July 5 (Reuters) - Uber has paused the majority of its planned food delivery expansion in Europe just months after announcing the plans as the ride-sharing company continues to pursue a takeover of Delivery Hero, the Financial Times reported on Sunday. Uber no longer plans ...
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America In Focus: consumers still gloomy about economy; US hiring falls in June

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs are impacting the decisions ...
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Continental to sell ContiTech unit to Lone Star Funds for $4.6 billion

July 4 (Reuters) - Continental said on Saturday it had signed an agreement to sell its ContiTech plastics and rubber business to private equity firm Lone Star Funds for €4 billion ($4.57 billion), plus potential performance-based components of up to €250 million in subsequent ...
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