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US investor Saba Capital blocks merger of Baillie Gifford-managed trusts in London

Dec 2 (Reuters) - U.S. activist investor Saba Capital has blocked a proposed merger of two London-listed Baillie Gifford-managed investment trusts, the firms said on Tuesday, derailing a deal that would have offered shareholders a 40% cash exit to net asset value. Baillie Gifford US ...
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Exclusive-Exxon Mobil approached Iraq about buying Lukoil’s West Qurna oilfield stake, sources say

Dec 2 (Reuters) - Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil's majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the matter told Reuters. Exxon declined ...
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Exclusive-Exxon in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oil field –  sources

By Ahmed Rasheed BAGHDAD, Dec 2 (Reuters) - Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil's majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the matter told ...
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Exclusive-China issues first batch of streamlined rare earth export licenses, source says

Dec 2 (Reuters) - At least three Chinese rare earth magnet makers have secured licenses enabling them to accelerate exports to some customers, a source familiar with the matter said on Tuesday, fulfilling a key outcome of the summit between Presidents Donald Trump and ...
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Second proxy adviser calls for vote against Westpac director over ASX stint

By Scott Murdoch and Christine Chen SYDNEY, Dec 2 (Reuters) - A second influential proxy adviser has recommended institutional investors vote against re-electing Westpac non-executive director Peter Nash, citing his six-year stint on the board of the troubled Australian Securities Exchange (ASX). CGI Glass Lewis ...
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Morning Bid: Auction bid steadies Japan bond slide

A look at the day ahead in European and global markets from Tom Westbrook There was relief in the Japanese government bond market on Tuesday, where a 10-year auction went off quite well and helped to stabilise a sell-off that had ricocheted around the world. A ...
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India mandates pre-installation of government cyber safety app on all smartphones

NEW DELHI (AP) - India's telecoms ministry has directed smartphone manufacturers to pre-install a government-run cybersecurity app on all new devices, according to a government order, raising concerns of data privacy and user consent in one of the largest handset markets in the world. The ...
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AI’s impact could worsen gaps between world’s rich and poor, a UN report says

BANGKOK (AP) - Behind the hoopla over the promise of artificial intelligence lay difficult realities, including how such technology might affect people already disadvantaged in a data-driven world. A new report by the United Nations Development Program notes most of the gains from AI are ...
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Northeast prepares for first major snowstorm of season

PORTLAND, Maine (AP) - The Northeast was getting ready Tuesday for its first major snowstorm of the season, just as the Midwest began to escape snow and ice that snarled travel after the Thanksgiving holiday. Some parts of northern New England were expecting up to ...
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AI may be scoring your college essay. Welcome to the new era of admissions

Students applying to college know they can't - or at least shouldn't - use AI chatbots to write their essays and personal statements. So it might come as a surprise that some schools are now using artificial intelligence to read them. AI tools are now ...
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Abortion opponents coming before the Supreme Court in challenge to state investigation

WASHINGTON (AP) - A faith-based pregnancy center will come before the Supreme Court on Tuesday to challenge an investigation into whether it misled people to discourage abortions. The facilities often known as "crisis pregnancy centers" have been on the rise in the U.S., especially ...
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Mass killings in 2025 hit lowest level since 2006

A shooting last weekend at a children's birthday party in California that left four dead was the 17th mass killing this year - the lowest number recorded since 2006, according to a database maintained by The Associated Press and USA Today in partnership with ...
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