Volkswagen has agreed to sell a 51% stake in Everllence, its large-engine subsidiary formerly known as MAN Energy Solutions, to Bain Capital in a leveraged buyout that will generate proceeds of about €7.4 billion ($8.4 billion), in one of European industry’s biggest carve-outs this year. Announced on 24 June 2026, the deal hands control of…
The Saudi-led investor group acquiring Electronic Arts for $55 billion has sought European Union clearance under the bloc’s foreign-subsidy rules, opening a second regulatory front for one of the largest leveraged buyouts on record. According to a European Commission filing on 24 June 2026, the consortium — comprising Saudi Arabia’s Public Investment Fund, private equity…
Protests escalate in La Paz over President Rodrigo Paz’s new energy privatization law. The Bolivian government has proposed a new Electricity and Renewable Energy Law, which it says aims to open the electricity market to private competition, promote clean energy, and attract foreign investment by permitting private companies to bid on public tenders. The proposal…
HM Treasury plans to replace the Lifetime ISA with a new First Time Buyer ISA after concluding that the existing product is not working well for many savers and can expose account holders to penalties they do not fully understand. The consultation, published on 23 June 2026, proposes a home-buying account available to first-time buyers…
Ryan Mulligan’s article Transition to the Other Wide with Container Query Units is some solid CSS catnip for me. Just this base thought is fun to think about: how do you move an element from flush-left to flush-right when the size of the container and element are both unknown (which is typical). It’s like you…
Ecobank is betting that saving African biodiversity is good business — and investors are all in. In May, Togo’s Ecobank became the first commercial bank in Africa to issue a nature bond, mobilizing $450 million that will primarily be utilized to finance sustainable agriculture, biodiversity, and water infrastructure across sub-Saharan Africa. Floated at the main…
By David Walmsley and Stig Ørskov “Explain why journalism matters.” That’s one of the challenges A.G. Sulzberger, Chairman and Publisher of The New York Times, put to our industry earlier this month in his powerful opening keynote at the World News Media Congress in Marseille. His message was clear: at a time when trust is fragile and information…
Six of the UK’s largest banks and building societies have joined an industry-led initiative to build a digital verification service that would let customers confirm their identity through their banking app, in a move by the financial sector to establish its own role in digital identity. Coordinated by the industry body UK Finance and unveiled…
It hasn’t been a good season for the opinion page. AI-generated columns, fake bylines, hallucinated quotes – the problems facing publishers and editors are real and accelerating. What we know This week, Deutsche Welle reported on two high profile German news outlets which were recently forced to delete published opinion pieces that made undisclosed use…
One of President Donald Trump’s core political positions has always been that US allies should pay more for the benefits they receive from US military power. This has included demanding that South Korea and Japan pay more for the presence of US troops on their soil, and suggesting that the US would only honor its…