Business - Tuesday, April 28, 2026

Australian outdoor advertising company oOh!media Ltd. is evaluating a takeover bid from Pacific Equity Partners that values the company at A$746.9 million ($537 million)

The chain’s chief executive credited its turnaround plan for improved U.S. same-store sales, but said higher gas and utility costs were a concern.

Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflict Britain is facing a £35bn economic hit and the risk of a recession this year as the fallout from the Iran war adds to the pressure on Keir Starmer’s government, a leading thinktank has warned. The National Institute of Economic and Social Research (Niesr) said that even under a best-case scenario the UK economy would grow at a much slower pace this year and next because of the Middle East conflict. Continue reading...

The Department of Homeland Security has been shut down since February, as Congress continues to look for a compromise to fund the agency.

The yuan is likely to face its seasonal weakness sooner than usual this summer, say analysts, as Chinese firms seek to lock in favorable exchange rates ahead of a record dividend payout in June.

Prime Minister Mark Carney’s budget update keeps to his path of diversifying away from the United States.

Critics say a White House ballroom would be a "vanity" project for President Donald Trump. He and the Department of Justice say it's needed for security.

Trial is culmination of a years-long feud between Musk and Altman that has become increasingly vicious The trial pitting Elon Musk against Sam Altman and OpenAI began in dramatic fashion on Tuesday with opening arguments and the richest man in the world taking the stand to testify. Attorneys for the two tech moguls presented a California jury with two wildly different versions of the AI company’s history, while Musk accused his billionaire rival of endangering humanity through corporate deception. Musk’s suit argues that Altman, OpenAI and its president, Greg Brockman, broke a foundational agreement to better humanity when the non-profit pivoted towards a for-profit structure. In his opening statement, Musk’s attorney said Altman and Brockman “stole a charity”. Musk, who left OpenAI in 2018 after co-founding it with Altman and Brockman three years earlier, also alleges that his co-founders unjustly enriched themselves as the company raised billions of dollars and grew into the AI behemoth it is today. Continue reading...

The shock decision by the United Arab Emirates to quit OPEC blindsided its partners of six decades. Now the cartel will have to fight to stay relevant in a fast-shifting global oil market.

CNBC's Jim Cramer said he's unfazed by Tuesday's sell-off because that's exactly what the market needs when stocks rise too fast.