Business

Stay updated with the latest business news, market trends, and financial analyses from around the world on The Meridian Times.

SAG-AFTRA Calls for Strike Against Major Video Game Studios: A Comprehensive Examination

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Introduction In a dramatic escalation of the ongoing labor dispute, SAG-AFTRA has officially called a strike against major video game studios. This move, which affects a sector integral to the global entertainment industry, comes after prolonged negotiations over a new contract covering voice and performance capture work. The strike, authorized by nearly 35,000 union members, … Read more

Samsung Expects Profits to Jump by More than 1,400%

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Samsung Electronics forecasts a dramatic rise in profits for the three months ending June 2024, attributing this surge to the booming demand for artificial intelligence (AI) chips. Key Points Profit Surge Expected Profit Increase: Samsung projects a 15-fold increase in profits compared to the same period last year. Forecasted Profit: The company expects profits to … Read more

Shares in Housebuilders Rise on Back of Labour Win

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The share prices of UK housebuilders surged on Friday following Labour’s landslide victory in the general election. This marks the party’s return to power for the first time since 2010. Companies like Vistry, Persimmon, Taylor Wimpey, Barratt, and Berkeley saw significant gains due to Labour’s plans to boost housing supply. Market Reaction Share Price Surge … Read more

Carlsberg to Buy Robinsons Squash Maker Britvic

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Carlsberg has announced a £3.3bn deal to acquire Britvic, the company known for producing drinks such as Robinsons squash and J20. This strategic move aims to create a unified beverage entity, Carlsberg Britvic, to enhance business operations in the UK and western Europe. Details of the Deal Acquisition Terms Total Deal Value: £3.3bn Share Price: … Read more

Bank Rate-Setter Advocates Holding Interest Rates in August

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Interest rates should be held steady again next month rather than being cut for the first time in over four years, according to Jonathan Haskel, a member of the Bank of England’s Monetary Policy Committee (MPC). Haskel emphasized the importance of maintaining rates at 5.25% until there is more certainty that inflation pressures have sustainably … Read more

Thames Water Has 11 Months Until Cash Runs Out

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Debt-laden Thames Water has announced it has enough cash to fund its operations until the end of May next year, but efforts to raise new money are ongoing. The UK’s largest water company, which is under scrutiny regarding its survival, reported its debts had risen to £15.2bn in the year to March. Financial and Environmental … Read more

Extreme Weather: What You Need to Know About Climate Change

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