UK Culture Secretary Lisa Nandy said she is considering intervention in Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery over media plurality concerns. Paramount says the deal does not pose UK plurality issues and remains on schedule.
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Chinese billionaire Guo Wengui was sentenced to 30 years in U.S. prison after a fraud conviction tied to investment schemes prosecutors said raised more than $1 billion. A federal judge said the fraud cost more than 1,000 victims worldwide hundreds of millions of dollars.
Comcast plans to spin off NBCUniversal and Sky into a separate publicly traded company, giving shareholders stock in both businesses. The planned tax-free separation is expected to be completed in about a year.
British American Tobacco will cut 5,500 jobs and outsource 3,500 more as part of a transformation plan expected to save £600 million a year by 2028. The company said its U.S. business will not be affected.
South Korea plans more than $1 trillion in investments to expand chipmaking, AI data centres and robotics infrastructure. President Lee Jae Myung says the effort is aimed at securing AI leadership and reviving regions beyond Seoul.
Abdikerm Abdelahi Eidleh, accused of being a leading figure in the $250 million Feeding Our Future fraud case, was arrested in Mogadishu after more than four years as a fugitive. U.S. officials said the FBI worked with Somali intelligence agencies to take him into custody.
New York City’s Rent Guidelines Board voted 7-1 to freeze rent increases on one- and two-year leases for roughly 1 million rent-stabilized apartments. The decision fulfills a key campaign promise by Mayor Zohran Mamdani and drew both praise from tenant advocates and criticism from property owner groups.