Cracker Barrel CEO Steps Down After Rebrand Controversy
Cracker Barrel's chief executive, Julie Masino, is stepping down a year after the company faced widespread backlash over its controversial rebrand, according to BBC.
Business
Tom Ince joins Tranmere Rovers on two-year deal
Tom Ince has returned to Merseyside with a two-year contract at Tranmere Rovers. The midfielder, previously with Watford, spoke of a 'full circle' moment and his continued hunger for the game.
Benedict Cumberbatch Warns of $111B Media Merger ‘Calamity’
Benedict Cumberbatch, Alan Cumming, and Benedict Wong have called the proposed $111 billion Paramount-Warner Bros. merger a 'calamity' that must be blocked in the UK. They argue the consolidation threatens the British media landscape, jobs, and creative freedom.
US and Iran Hit Pause on Strikes for Second Day
Neither the US nor Iran launched strikes for a second consecutive day, according to reports on Sunday, amid hopes of renewed diplomacy.
Paramount agrees to pause Warner Bros deal while court case plays out
Paramount Skydance has agreed to pause its $110 billion acquisition of Warner Bros Discovery while a federal court case plays out, according to court filings. The move could cost the company up to $7 million a day in fees.
SpaceX Stock Drops 43% from Peak as Lockup Expirations and Technical Delays Weigh
SpaceX's stock has fallen nearly 43% from its June 16 peak of $225, closing at $115.07 on Friday, driven by technical setbacks, high valuation concerns, and an impending wave of investor selling.
Trump Vows to Investigate EU Over $15B in Fines on US Tech Giants
Former President Donald Trump has announced an investigation into the European Union over antitrust fines imposed on major U.S. tech companies, citing billions in penalties against Google, Apple, and Meta. According to BBC and AppleInsider, the move uses Section 301 of the Trade Act of 1974 to challenge what Trump calls unfair EU practices.
Canadian Government Urged to Block $125M Data-Sharing Deal
A Canadian federal opposition leader has called on Mark Carney’s government to block a $125m data-sharing deal between Thomson Reuters and US Immigration and Customs Enforcement (ICE), according to The Guardian.
Andy Burnham’s Number 10 North: A New Office, Same Political Challenges
On his fourth day as prime minister, Andy Burnham visited Glasgow instead of staying at London’s Downing Street. The move underscores his commitment to decentralizing government functions through the new Manchester-based Number 10 North, a symbolic but politically sensitive initiative.
U.S. Imposes 10% to 12.5% Tariffs on 60 Trade Partners
The U.S. announced a new wave of tariffs ranging from 10% to 12.5% on 60 trading partners, replacing expired Trump-era tariffs, according to a fact sheet from the U.S. Trade Representative’s Office.
US Imposes Tariffs on 60 Trade Partners Over Forced Labour Claims
The US has imposed new tariffs on 60 trading partners, accounting for the vast majority of its imports, over claims they failed to properly stop forced labour, according to the BBC.
Judge Orders Pause on $81B Paramount-Warner Merger
A federal judge has ordered a two-week pause on the $81 billion Paramount-Warner Bros Discovery merger after 12 states challenged the deal, according to the Guardian.
Oil Near $100 as US Attacks Iran, Houthis Hit Red Sea Tankers
Oil prices neared $100 a barrel as renewed US attacks on Iran and Houthi strikes on Red Sea tankers drove up UK petrol costs, according to the RAC.
Google burning through cash with spiralling AI costs
Google parent Alphabet reported negative free cash flow of $5.9bn for the first time in a decade, as AI spending spirals, according to BBC.
Oil prices hit $100 for the first time since May
Oil prices have climbed to $100 a barrel for the first time since May as tensions in the Middle East escalate and threaten global energy supplies, according to the BBC.