Bank of England holds interest rates at 3.75% as oil price drop called "encouraging"; two policymakers voted for an immediate quarter-point hike over persistent inflation concerns

Ari Emanuel in advanced talks to buy theater group ATGEntertainment for £4.5 billion ($5.9 billion), FT reports

Hollywood superagent Ari Emanuel is in advanced talks to acquire theater group ATGEntertainment for £4.5 billion ($5.9 billion), the Financial Times reported.

ECB's Schnabel says further interest rate hikes needed to bring inflation back to 2% target over the medium term

ECB's Schnabel says from today's perspective, interest rates will need to be raised further to bring inflation back to the two percent target over the medium term.

VW plans up to 100,000 job cuts and weighs further asset sales following €10B marine unit deal, FT reports

Volkswagen plans up to 100,000 job cuts and is weighing further asset sales following a €10 billion marine unit deal, the Financial Times reports.

Indonesia weighs scaling back Prabowo's flagship free meals program with another $2B+ budget cut, reducing kitchens and beneficiaries.

Indonesia is preparing to scale back President Prabowo Subianto's flagship free meals program, with officials weighing another budget cut of more than $2 billion along with reductions in kitchens and beneficiaries.