Walt Disney Co. estimated that the new live-action remake of its animated 1989 hit The Little Mermaid would take in $117.5 million in ticket sales domestically over the four-day Memorial Day weekend.
House Speaker Kevin McCarthy said he promised President Joe Biden to pursue ways to speed up energy projects, after a planned easing was largely dropped from the accord to lift the US debt ceiling.
Russia’s ambassador to the UK warned of an escalation to the war in Ukraine as Britain and other Western allies commit increasingly advanced weapons to aid Kyiv. Speaking on the BBC, Andrei Kelin said the actions of NATO countries, and “especially” the UK, risk lengthening and triggering a “new dimension” to the war. Moscow hasn’t yet started to “act very seriously,” the diplomat said.
Federal Reserve Bank of Chicago President Austan Goolsbee expressed optimism that there’s bipartisan support for a tentative deal to raise the US debt ceiling, adding that a failure to do so would be detrimental to the economy.
Brazilians are struggling to pay their debts on time, with four out every ten adults facing default, as central bankers keep monetary policy tight in an effort to bring inflation back to their target.
UK Prime Minister Rishi Sunak’s government is seeking an agreement with supermarkets to voluntarily limit prices on basic food items like bread and milk in order to tackle inflation.
Firms and individuals should familiarize themselves with artificial intelligence or risk losing out, according to Nvidia Corp. co-founder and Chief Executive Officer Jensen Huang.
InfraBuild Australia Pty, part of Sanjeev Gupta’s metals empire, has secured an asset-backed term loan for $350 million to finance acquisitions of Gupta steel assets in the US.
The majority shareholder of Golden Eagle Retail Group Ltd. has made a bid to take the firm private, offering a 40% premium over the stock’s last traded price.
