EasyJet has rejected Castlelake’s latest £4.7 billion all-cash takeover proposal, saying it undervalues the airline. Castlelake has made the offer public ahead of a Friday deadline to make a firm bid or walk away.
Posts tagged as “Golden Age of the Middle East”
US and Iranian delegations are meeting in Switzerland after signing an initial agreement to end the war. The talks are already strained by continued fighting in Lebanon, disputes over the Strait of Hormuz and unresolved negotiations over Iran’s nuclear programme.
Vice President JD Vance arrived in Switzerland for talks with Iran on implementing a 60-day ceasefire deal. The negotiations are already strained by renewed fighting in Lebanon and Iran’s disputed claim that it closed the Strait of Hormuz.
Iran said it had closed the Strait of Hormuz again over Israeli attacks in Lebanon, but the US military said traffic was still flowing. US-Iran talks are set to begin Sunday in Switzerland with Pakistan and Qatari mediators involved.
Israeli strikes in Lebanon killed at least 16 people, with Al Jazeera reporting a toll of 22, hours after a renewed ceasefire with Hezbollah was announced. The attacks have complicated planned U.S.-Iran negotiations in Switzerland tied to a broader ceasefire arrangement.
Israel and Hezbollah agreed to a ceasefire, U.S. and regional officials said, but strikes and shelling continued in southern Lebanon after the deadline. Lebanon’s health ministry said Israeli attacks Friday killed at least 47 people and wounded 97.
The national average price for regular gasoline fell below $4 a gallon for the first time since March after a preliminary U.S.-Iran agreement to end the war and reopen the Strait of Hormuz. Prices remain well above prewar levels, and experts warn broader cost pressures may persist.
Trump’s 14-point memorandum with Iran extends a ceasefire and promises sanctions relief, but leaves nuclear limits, uranium stockpiles and enforcement details for 60 days of talks. The framework also includes immediate oil waivers, a proposed $300 billion reconstruction plan and provisions on the Strait of Hormuz.