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  • New Zealand assembles for opening of its first Ikea store | New Zealand

    New Zealand assembles for opening of its first Ikea store | New Zealand

    “I’ve been waiting 25 years for this,” says Annie Sattler.

    A quarter of a century after she emigrated from Germany, and seven years since the store was first announced, Sattler was prepared to wait just a few hours extra to be among the earliest through the doors of Ikea’s first outlet in New Zealand.

    She was joined by hundreds of shoppers queueing on Thursday morning to mark the end of the national waiting game. Ikea was founded more than 80 years ago – and now has more than 400 stores worldwide – but the Swedish furniture giant had until now been absent from these shores, making New Zealand one of the last developed nations to get a store.

    Annie Sattler (R) and Renee Dale (L) wait in queues as Ikea opens in Auckland New Zealand. Photograph: Fiona Goodall/The Guardian

    Sattler, who grew up with family trips to Ikea to furnish her childhood bedroom, says the opening event reminds her of home. “It was such a treat. I loved it – the staff, the furniture, the whole story of it.”

    The store was announced in 2018, with foreign minister Winston Peters at the time taking credit for the move, saying he was sure his decision to open an embassy in Stockholm had played a part. By Thursday, excitement had reached fever pitch, with one local media outlet running a live blog and signs appearing along major roads warning motorists to “plan their journey” accordingly.

    Shoppers wait in queues as Ikea opens in Auckland. Photograph: Fiona Goodall/The Guardian

    By 9am, solid lines had formed at the two main entrances, although one queue member, there for the spectacle more than the shopping, described it as “a bit of a fizzer”.

    However, others said they would have camped overnight if it hadn’t been banned in advance, and Ulla Bennet – wearing a Denmark football jersey under her Swedish flag throw – was at the front, having established a “pre-line” outside the property boundary at 4am. “We thought it would be like it is now at 6am, but people didn’t really start arriving until six or seven,” she says.

    In the end, the long-promised traffic jams failed to materialise, but a steady stream of shoppers continued to arrive as the 11am opening neared.

    Ulla Bennett awaits the opening of Ikea. Photograph: Fiona Goodall/The Guardian

    As local media assembled, beaming their reports live into morning TV, the awaiting customers spoke of their excitement to try Ikea’s iconic meatballs, with one group chanting “meatballs, meatballs” at a nearby reporter.

    ‘New Zealand is always the last to get anything’

    Bennet sees the opening as a sign of global recognition. “New Zealand is always the last on the list to get anything. Every other country gets things but [companies] think ‘Oh, they’re little and way down there’. But they’re here! I’m rapt!”

    New Zealand prime minister Christopher Luxon cuts the ribbon as Ikea opens its doors. Photograph: Fiona Goodall/The Guardian

    The opening is a significant event for a country grappling with a sharp cost of living crisis. Ikea’s global pitch of affordability lands amid a squeeze on household budgets, with year-on-year Black Friday spending having fallen by 4-6%.

    Keen to amplify any whiff of economic optimism, New Zealand prime minister Christopher Luxon arrived to cut the ribbon. As the doors opened, Luxon, who was meant to be the first customer, lost the honour to a faster shopper.

    Motorway signs alert drivers. Photograph: Fiona Goodall/The Guardian

    The crowds were greeted by staff in bright yellow T-shirts who alternated between genuinely enthusiastic cheering and well-practised chants of “Hej! Hej! Hej!”.

    The sight of shoppers piling trolleys high with cushions, lamps, and storage solutions suggests that for many, the novelty and promise of value outweighed the wider economic gloom, at least for today.

    The company has signalled competitive pricing, with its Billy bookcase advertised at NZ$99 (£43), undercutting most local competitors.

    The first customers walk through the door. Photograph: Fiona Goodall/The Guardian

    After the initial rush, Luxon denied the opening was a slap in the face for local small business owners, many of whom are struggling in a stalled economy. He told journalists it was “great for competition and great for consumers” and he was confident local businesses would “stand up and compete”.

    The launch’s scale is a statement of intent, with a full online shopping network and 29 collection points from Kaitaia in the North Island to Invercargill down south. But for a nation accustomed to waiting, the era of Swedish self-assembly has, finally, begun.

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  • ASC Will Honor Robert Yeoman With Lifetime Achievement Award

    ASC Will Honor Robert Yeoman With Lifetime Achievement Award

    Marking the milestone 40th anniversary of its Outstanding Achievement in Cinematography Gala, the ASC is honoring longtime Wes Anderson collaborator, Robert Yeoman.

    On Wednesday, the American Society of Cinematographers (ASC) announced…

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  • Hyatt Newsroom – News Releases

    Hyatt Announces the Debut of Integrated Hospitality Destination in Lingang with Three New Hotels

    New Hyatt Regency and Hyatt Place Hotels Offer Tailored Experiences for Business, Leisure and Extended Visits

    CHICAGO, [December 3, 2025] – Hyatt Hotels Corporation (NYSE: H) today announced the grand opening of three new properties in Shanghai’s rapidly developing Lingang area. The new hotels—Hyatt Regency Shanghai Lingang, Hyatt Place Shanghai Lingang Xinchen International Conference Center, and Hyatt Place Shanghai Lingang, form an integrated hospitality destination in the heart of the Lingang business district, establishing a new landmark for both business and leisure travelers.

    Strategically positioned in the district’s core, the hotels offer convenient access to Shanghai’s most popular attractions. Guests can reach the Shanghai Astronomy Museum, Dishui Lake, Haichang Ocean Park, and L+SNOW Indoor Skiing Theme Resort within walking distance. With direct access to Metro Line 16’s Dishui Lake Station, the hotels provide seamless connectivity to downtown Shanghai and beyond.

    “We are thrilled to introduce this unique hotel collective that represents a new era of hospitality in Lingang,” said Ms. Spring Li, Complex General Manager overseeing the three properties. “Each hotel has been carefully designed to serve distinct guest needs while complementing one another, creating a destination for every purpose. Whether travelling for business, leisure, or an extended stay, our art-inspired accommodations, diverse dining venues and premium event facilities are thoughtfully designed to deliver comfort, inspiration, and memorable experiences—all set against the stunning backdrop of Dishui Lake.”

    Hotel Design with Local Character

    The hotels share a design philosophy of “artistic exploration” with each property featuring curated collections of sculptures, paintings, and installations that reflect the region’s maritime heritage and coastal culture. From the refined gallery-like spaces at Hyatt Regency Shanghai Lingang to the contemporary artistic touches at Hyatt Place Shanghai Lingang and Hyatt Place Shanghai Lingang Xinchen International Convention Center, guests can enjoy a unified artistic journey throughout their stay.

    Distinct Experiences Within One Destination

    Hyatt Regency Shanghai Lingang serves as the flagship property, offering 305 art-inspired guestrooms with sweeping lake views. Select rooms feature exclusive views of weekend and holiday fireworks displays, while specially designed themed family rooms provide an engaging and comfortable environment for guests of all ages. The hotel features six dining venues, pet-friendly accommodations, and 52,743 square feet (4,900 square meters) of event space. Wellness facilities include a 24-hour fitness center, while families can enjoy a dedicated two-story kids’ club designed to spark creativity and fun for younger guests.

    Hyatt Place Shanghai Lingang Xinchen International Convention Center, connected to the Hyatt Regency Shanghai Lingang via an indoor sky bridge, offers 364 modern rooms alongside versatile event spaces tailored for business travelers and event attendees. The hotel also features guestrooms designed for families, offering a welcoming atmosphere for families traveling together. Business travelers can also enjoy the hotel’s innovative multi-level events space and efficient layout designed to support productive stays and seamless meetings.

    Hyatt Place Shanghai Lingang completes the collection with 128 rooms featuring kitchenettes, refrigerators, and washer-dryers, offering home-like comforts for families and extended-stay guests.

    World of Hyatt Gives Members a Reason to Stay Somewhere New

    To provide World of Hyatt members even more ways to be rewarded, is offering members the opportunity to earn extra 500 Bonus Points for qualifying nights at all there hotels: Hyatt Regency Shanghai Lingang, Hyatt Place Shanghai Lingang, and Hyatt Place Shanghai Lingang Xinchen International Conference Center, for stays from now to February 28, 2026, part of World of Hyatt’s new hotel member offer. Additional participating hotels and their offer stay periods can be found at worldofhyatt.com/newhotelbonus. No registration is required and members can earn on top of other offers.

     

    About Hyatt Regency

    The Hyatt Regency brand is a global collection of hotels and resorts found in more than 235 locations in over 50 countries around the world. The depth and breadth of this diverse portfolio, from expansive resorts to urban city centers, is a testament to the brand’s evolutionary spirit. For more than 50 years, the Hyatt Regency brand has championed fresh perspectives and enriching experiences, while its forward-thinking philosophy provides guests with inviting spaces that bring people together and foster a spirit of community.  As a hospitality original, Hyatt Regency hotels and resorts are founded on openness—our colleagues consistently serve with open minds and open hearts to deliver unforgettable celebrations, effortless relaxation and notable culinary experiences alongside expert meetings and technology-enabled collaboration. The brand prides itself on an everlasting reputation for insightful care—one that welcomes all people across all countries and cultures, generation after generation. For more information, please visit hyattregency.com. Follow @HyattRegency on Facebook, X and Instagram, and tag photos with #HyattRegency.

     

    About Hyatt Place  

    Hyatt Place hotels combine style, innovation and 24/7 conveniences to create an easy to navigate experience for today’s multi-tasking traveler. Guests can enjoy thoughtfully designed guestrooms featuring distinct zones for sleep, work and play, and free flowing social spaces that offer seamless transitions from work to relaxation. With more than 440 locations globally, Hyatt Place hotels feature convenient dining options, a 24/7 fitness center, and a hot breakfast served every morning. For more information, please visit hyattplace.com. Join the conversation on Facebook and Instagram, and tag photos with #HyattPlace. 

     

    About Hyatt Hotels Corporation

    Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2025, the Company’s portfolio included more than 1,450 hotels and all-inclusive properties in 82 countries across six continents. The Company’s offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid® Hotels & Resorts, Sunscape® Resorts & Spas, Alua Hotels & Resorts®, and Bahia Principe Hotels & Resorts; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Unscripted by Hyatt, Hyatt Place®, Hyatt House®, Hyatt Studios®, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

     

    Gloria Kennett

    Hyatt

    gloria.kennett@hyatt.com

     

    Jean Miu

    Hyatt – ASPAC

    jean.miu@hyatt.com


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  • Access Denied


    Access Denied

    You don’t have permission to access “http://www.business-standard.com/cricket/news/australia-vs-england-head-to-head-stats-in-ashes-test-series-over-the-years-125120301181_1.html” on this server.

    Reference…

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  • Orlando Magic’s Three-Game Winning Streak Snapped With Heartbreaking Loss to San Antonio Spurs – NBA

    Orlando Magic’s Three-Game Winning Streak Snapped With Heartbreaking Loss to San Antonio Spurs – NBA

    1. Orlando Magic’s Three-Game Winning Streak Snapped With Heartbreaking Loss to San Antonio Spurs  NBA
    2. Undermanned Spurs set sights on surging Magic  KNBR
    3. NBA Best Bets: Spurs at Magic Prop Bets for Wednesday 12/3/25  DraftKings Network
    4. It’s time…

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  • Why some young adults are switching to flip phones – Deseret News

    Why some young adults are switching to flip phones – Deseret News

    When a buzzing smartphone started to feel like a weight she couldn’t put down, Grace Freeman bought a flip phone on a dare.

    Freeman, a full-time seminary teacher, had joked with her students about trading in her iPhone. They laughed and said she…

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  • Diabetes drugs can transform addiction treatment

    Diabetes drugs can transform addiction treatment

    Interest intensified after neurologist Sue Grigson at Pennsylvania State University received a message from a man who said he achieved his first prolonged period without drugs or alcohol while taking semaglutide, widely sold as…

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  • Does the Recent Bank of America Rally Still Leave Room for Further Gains in 2025?

    Does the Recent Bank of America Rally Still Leave Room for Further Gains in 2025?

    • Wondering if Bank of America is still worth buying after its big run over the years, or if most of the upside is already priced in? In this article we unpack what the market is signaling about its true value.

    • The stock has climbed 2.1% over the last week, 1.0% over the past month, and is up 22.1% year to date, adding to a longer term gain of 110.8% over five years. This puts recent moves into a much bigger context.

    • Recent headlines have focused on large US banks navigating higher for longer interest rate expectations and evolving regulatory proposals. Both of these factors directly influence how investors think about profitability and risk. At the same time, ongoing discussion around credit quality and consumer health has kept sentiment toward major lenders like Bank of America shifting more quickly than usual.

    • Right now, Bank of America scores just 2/6 on our valuation checks, which suggests that while parts of the stock look cheap, others may be closer to fair value. In the sections that follow we walk through different valuation approaches to see what they indicate, then finish with a more holistic way to think about what Bank of America might really be worth.

    Bank of America scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

    The Excess Returns model looks at how much profit a company can generate above the return that shareholders require, and then capitalizes those surplus returns into an intrinsic value per share.

    For Bank of America, the starting point is its Book Value of $37.95 per share and a Stable EPS of $4.57 per share, based on weighted future return on equity estimates from 11 analysts. Against a Cost of Equity of $3.68 per share, this implies an Excess Return of $0.89 per share, meaning the bank is expected to earn more than the minimum return investors demand. The Average Return on Equity of 11.16% supports this, and analysts also see Stable Book Value growing to about $40.94 per share over time, based on forecasts from 14 analysts.

    Combining these assumptions, the Excess Returns valuation points to an intrinsic value of about $56.52 per share, which suggests Bank of America is roughly 4.3% undervalued relative to its current price, effectively close to fair value.

    Result: ABOUT RIGHT

    Bank of America is fairly valued according to our Excess Returns, but this can change at a moment’s notice. Track the value in your watchlist or portfolio and be alerted on when to act.

    BAC Discounted Cash Flow as at Dec 2025

    Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Bank of America.

    For a mature, consistently profitable bank like Bank of America, the price to earnings ratio is a practical way to judge value because it directly links what investors pay to the profits the business is generating today. In general, companies with stronger, more reliable growth and lower perceived risk tend to justify a higher PE multiple, while slower growth or higher risk usually warrants a discount.

    Bank of America currently trades on a PE of 13.98x, slightly above the broader Banks industry average of 11.48x and roughly in line with the peer group at 13.72x. Simply Wall St also calculates a Fair Ratio of 16.31x, which represents the PE multiple the stock might reasonably command given its earnings growth profile, profitability, industry, size and risk factors. This tailored Fair Ratio is more informative than a simple peer or industry comparison because it adjusts for the specific strengths and vulnerabilities of Bank of America rather than assuming all banks deserve the same multiple.

    Comparing the current PE of 13.98x to the Fair Ratio of 16.31x suggests the market is still pricing the stock at a modest discount to its fundamentals.

    Result: UNDERVALUED

    NYSE:BAC PE Ratio as at Dec 2025
    NYSE:BAC PE Ratio as at Dec 2025

    PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1441 companies where insiders are betting big on explosive growth.

    Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, a smarter, more dynamic way to invest that connects the story you believe about Bank of America to hard numbers like future revenue, earnings, margins and ultimately a Fair Value estimate you can compare with today’s share price to inform your decision to buy, hold or sell.

    On Simply Wall St, Narratives live in the Community page and are used by millions of investors as an accessible tool to turn their views about catalysts, risks and the macro environment into a forward-looking forecast. This then flows into a valuation that automatically updates when new information such as earnings, news or regulatory changes arrives.

    For example, one Bank of America Narrative may assume relatively cautious growth, regulatory headwinds and a Fair Value around $43.34 per share. Another more optimistic Narrative might expect stronger digital adoption, resilient margins and a Fair Value closer to $58.90. This illustrates how two investors can look at the same bank, plug in different but reasonable assumptions, and arrive at different yet transparent conclusions about what the stock is worth today.

    For Bank of America, however, we will make it really easy for you with previews of two leading Bank of America narratives:

    🐂 Bank of America Bull Case

    Fair value estimate: $58.90 per share

    Implied undervaluation: -6.8%

    Forecast revenue growth: 7.82%

    • Builds on ongoing investment in digital engagement and AI to support mid single digit earnings growth and slightly higher profit margins.

    • Assumes disciplined asset repricing, net interest income growth and steady share buybacks that lift earnings per share while keeping credit quality intact.

    • Arrives at an analyst consensus fair value close to the current price, framing Bank of America as broadly fairly valued with selective upside if execution stays on track.

    🐻 Bank of America Bear Case

    Fair value estimate: $43.34 per share

    Implied overvaluation: 24.8%

    Forecast revenue growth: 10.59%

    • Recognizes Bank of America’s strong franchise, digital progress and resilient net interest income, but sees current valuation as rich versus a more conservative long term outlook.

    • Highlights macro and policy risks, from rate cuts and recession threats to shifting regulation and the signaling impact of Warren Buffett trimming his stake.

    • Models solid but slower earnings growth, moderating buybacks and a lower future PE multiple, which together point to a present value meaningfully below today’s share price.

    Do you think there’s more to the story for Bank of America? Head over to our Community to see what others are saying!

    NYSE:BAC Community Fair Values as at Dec 2025
    NYSE:BAC Community Fair Values as at Dec 2025

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include BAC.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Japanese Stocks Rally, Bond Sale Sees Solid Demand: Markets Wrap

    Japanese Stocks Rally, Bond Sale Sees Solid Demand: Markets Wrap

    (Bloomberg) — Japanese assets took the spotlight in Asia on Thursday. The nation’s shares led gains in the region after US data boosted odds of a Federal Reserve interest-rate cut next week, while a sale of its 30-year government bonds drew the strongest demand since 2019.

    The Topix and Nikkei 225 rose more than 1.7% each versus a gain of 0.5% for MSCI Inc.’s broader gauge of Asian equities. Indexes in South Korea and Taiwan snapped a two-day advance. US stock futures were steady after the S&P 500 climbed 0.3% overnight, while Bitcoin hovered around $93,000 after a two-day rally.

    Data on Wednesday showed US companies shed payrolls in November by the most since early 2023, reinforcing concerns about a more pronounced labor market weakening. Swaps pricing indicated rising expectations for a December cut Wednesday, with traders assigning more than a 90% chance to a 25-basis-point reduction.

    “Unlike many other markets in Asia, Japan is more sensitive to developments around Fed rate-cut expectations, partly because the Fed may set the pace for the Bank of Japan via the FX channel” said Frederic Neumann, chief Asia economist at HSBC Holdings Plc. “A strengthening conviction over Fed rate cuts, by easing pressure on the yen, could offer more runway for the BOJ to remain accommodative for longer.”

    Japan’s 30-year bonds gained following the auction result, which came after a sale of 10-year notes earlier in the week also drew firm demand. Together, the results have offered some relief to the market that has seen yields surge due to renewed fiscal concerns and on bets for a potential rate hike at the Dec. 19 BOJ policy decision.

    What Bloomberg’s Strategists Say…

    “JGB investors seem to have found the yield level they love for 30-year bonds, with a huge 4.04 bid-to-cover ratio. That is the highest demand since 2019, with the low price well above the pre-sale forecast, which is another positive signal. Moreover, Nomura was the biggest buyer — typically a sign of long-term investors getting involved.”

    — Mark Cranfield, Markets Live strategist. Click here for the full analysis.

    Meanwhile in Australia, bond yields rose to the highest level this year amid growing speculation the central bank will switch back to raising rates to curb inflation.

    In currency markets, a gauge of the dollar was steady after dropping 0.4% in the previous session, when US treasuries climbed across the curve, pushing two-year yields down to around 3.48%. The Indian rupee fell to a record low against the dollar as sentiment remained weak amid delays in securing a trade deal with the US.

    Separately, China set its daily reference rate for the yuan at a level that was significantly weaker than estimates, suggesting the central bank is aiming to limit gains in the managed currency which is inching close to a keenly watched level of 7 per dollar.

    Tech Drags

    Cyclical stocks such as industrials and financials were among the top contributors to gains for the MSCI Asia Pacific Index on Thursday. While its moves this week have been small, the regional gauge is on course for a third straight session daily advance. It jumped 2.7% last week, the most since early October.

    “The relief over the US November ADP employment data and growing hopes for the Fed’s rate cut next week seem to be contributing to a better sentiment for APAC equity markets,” said Homin Lee, a senior macro strategist at Lombard Odier Singapore.

    In commodities, silver fell but continued to trade near an all-time high on the reinforced bets of a Fed cut. Gold edged lower. Oil held a modest gain as investors weighed the outlook for a ceasefire in Ukraine and the fallout from tensions between the US and Venezuela.

    Trade and geopolitics were also on investors’ radar. French President Emmanuel Macron and Chinese leader Xi Jinping met in Beijing on Thursday, where they would discuss a range of issues including economic ties, trade tensions, Taiwan and the war in Ukraine. Commerce Secretary Howard Lutnick said that the US is expecting a large investment pledge from Taiwan in trade talks.

    Fed Outlook

    Despite the apparent confidence among investors, US policymakers have been torn as to whether they’ll cut rates for a third straight meeting as they attempt to balance the slowdown in the job market with still-elevated inflation.

    Data on Wednesday showed US services activity expanded at a slightly faster pace, while a measure of prices paid dropped to a seven-month low.

    Before their final policy meeting of the year, Fed officials will get a dated reading on their preferred inflation gauge. On Friday, the September income and spending report is due to be released — long delayed because of the government shutdown.

    The figures will include the personal consumption expenditures price index and a core measure that excludes food and energy. Economists project a third straight 0.2% increase in the core index. That would keep the year-over-year figure hovering just below 3%, a sign that inflationary pressures are stable, yet sticky.

    “Right now, the data argues for additional Fed funds rate cuts. US labor demand is weak, consumer spending is showing early signs of cracking, and upside risks to inflation are fading,” said Elias Haddad at Brown Brothers Harriman & Co.

    Corporate News

    Paramount Skydance Corp. more than doubled the proposed breakup fee in its offer to acquire Warner Bros. Discovery Inc. to $5 billion, according to people familiar with the company’s offer, part of a sweetened proposal designed to outshine rival bids. Singapore’s stock exchange is considering buying Cboe Global Markets Inc.’s Australian unit, the Australian Financial Review reported. On one of Larry Fink’s frequent trips to Australia, the BlackRock Inc. chief sized up a boutique finance firm run by an Olympic swimming champ — a prelude to a A$25 million ($16.5 million) play to crack open one of the world’s richest retirement systems. Hong Kong builder New World Development Co. failed to get full support from creditors in a key bond-exchange plan that required them to accept cuts in the value of their holdings. Microsoft Corp. slid 2.5% on a report of lower demand for some artificial-intelligence tools even as the company said aggregate sales quotas for AI products have not been reduced. Some of the main moves in markets:

    Stocks

    S&P 500 futures were little changed as of 2:35 p.m. Tokyo time Japan’s Topix rose 1.7% Hong Kong’s Hang Seng rose 0.1% The Shanghai Composite fell 0.1% Euro Stoxx 50 futures rose 0.5% Currencies

    The Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1660 The Japanese yen was little changed at 155.35 per dollar The offshore yuan was little changed at 7.0647 per dollar Cryptocurrencies

    Bitcoin fell 0.7% to $93,075.12 Ether rose 0.6% to $3,184.46 Bonds

    The yield on 10-year Treasuries advanced two basis points to 4.08% Australia’s 10-year yield advanced six basis points to 4.70% Commodities

    West Texas Intermediate crude rose 0.6% to $59.33 a barrel Spot gold fell 0.2% to $4,194.37 an ounce This story was produced with the assistance of Bloomberg Automation.

    –With assistance from Aya Wagatsuma, Winnie Hsu and Richard Henderson.

    ©2025 Bloomberg L.P.

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  • Why is volcanic ash a safety concern for flights? | Explained

    Why is volcanic ash a safety concern for flights? | Explained

    Ash billows from the eruption of the long-dormant Hayli Gubbi Volcano in Ethiopia’s Afar region, on November 23.
    | Photo Credit: AP

    The story so…

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