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India Clinches $2 Billion Russia Submarine Deal as Putin Visits

India will pay about $2 billion to lease a nuclear-powered submarine from Russia, according to people familiar with the matter, finalizing delivery of the vessel after roughly a decade of talks just as President Vladimir Putin makes a visit to New Delhi this week.

India will pay about $2 billion to lease a nuclear-powered submarine from Russia, according to people familiar with the matter, finalizing delivery of the vessel after roughly a decade of talks just as President Vladimir Putin makes a visit to New Delhi this week.

India Finalizes $2 Billion Russia Sub Deal as Putin Visits

India will pay about $2 billion to lease a nuclear-powered submarine from Russia, according to people familiar with the matter, finalizing delivery of the vessel after roughly a decade of talks just as President Vladimir Putin makes a visit to New Delhi this week.

India will pay about $2 billion to lease a nuclear-powered submarine from Russia, according to people familiar with the matter, finalizing delivery of the vessel after roughly a decade of talks just as President Vladimir Putin makes a visit to New Delhi this week.

Bankers Urge Private Equity to Keep IPO Revival Going in 2026

Wall Street is looking for private equity firms to take a swath of their portfolio companies public in the hopes that the low boil of IPO activity since the pandemic will finally bubble over.

Wall Street is looking for private equity firms to take a swath of their portfolio companies public in the hopes that the low boil of IPO activity since the pandemic will finally bubble over.

India Court Allows Dr. Reddy’s to Export Generics of Novo Nordisk’s Semaglutide Drug

An Indian court has allowed Dr.

An Indian court has allowed Dr. Reddy’s Laboratories Ltd. to manufacture and export generic versions of Novo Nordisk A/S’s obesity and diabetes drugs, ahead of global patent expiries in 2026.

Macron Seeks Xi’s Help on Ukraine; Putin In India | Insight with Haslinda Amin 12/4/2025

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter.

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)

Macron in China as Xi Presses for Support on Taiwan

Macron’s visit to China comes as Xi Jinping seeks France’s backing in a growing dispute with Japan over Taiwan and looks to strengthen economic ties.

Macron’s visit to China comes as Xi Jinping seeks France’s backing in a growing dispute with Japan over Taiwan and looks to strengthen economic ties. (Source: Bloomberg)

Denmark Lifts Growth Outlook Despite Rising Pressure on Novo

Denmark raised its growth projections for this year and the next, suggesting Novo Nordisk A/S is able to fuel the Nordic economy despite mounting pressures on the pharmaceutical heavyweight.

Denmark raised its growth projections for this year and the next, suggesting Novo Nordisk A/S is able to fuel the Nordic economy despite mounting pressures on the pharmaceutical heavyweight.

Finland Committed Decades of Injustices Against Indigenous Sami People

Finland pursued decades of unjust assimilation practices against the indigenous Sami people inhabiting the northernmost parts of the country, according to a Truth and Reconciliation Commission that investigated past wrongdoings.

Finland pursued decades of unjust assimilation practices against the indigenous Sami people inhabiting the northernmost parts of the country, according to a Truth and Reconciliation Commission that investigated past wrongdoings.

Aozora Bank CEO’s Outlook for LBO Financing

A Japanese bank that’s carved out a niche financing leveraged buyouts expects the boom to persist as more companies seek better ways to use capital.

A Japanese bank that’s carved out a niche financing leveraged buyouts expects the boom to persist as more companies seek better ways to use capital. Bloomberg Television spoke to CEO Hideto Oomi. (Source: Bloomberg)

Rio Tinto Lays Out Cost Cuts in Strategy Overhaul

Rio Tinto Group’s new Chief Executive Officer Simon Trott announced a string of cost cuts and planned productivity improvements, including $650 million of annualized productivity benefits by the end of the first quarter of 2026.

Rio Tinto Group’s new Chief Executive Officer Simon Trott announced a string of cost cuts and planned productivity improvements, including $650 million of annualized productivity benefits by the end of the first quarter of 2026. The world’s second-largest miner also outlined plans to release $5 billion to $10 billion from its existing asset base with partnership, funding and other options. Bloomberg’s Martin Ritchie reports.

Trump Says Next Step After Putin-Witkoff Meeting Is Unclear

President Donald Trump said a meeting between his envoy Steve Witkoff and Russian President Vladimir Putin was “reasonably good” but acknowledged he doesn’t know what the outcome will be over a deal to end the fighting in Ukraine.

President Donald Trump said a meeting between his envoy Steve Witkoff and Russian President Vladimir Putin was “reasonably good” but acknowledged he doesn’t know what the outcome will be over a deal to end the fighting in Ukraine. “What comes out of that meeting? I can’t tell you, because it does take two to tango,” Trump told reporters in the Oval Office on Wednesday. Bloomberg's Greg Sullivan reports. (Source: Bloomberg)

Trump Says Next Step After Putin-Witkoff Meeting Unclear

President Donald Trump said a meeting between his envoy Steve Witkoff and Russian President Vladimir Putin was “reasonably good” but acknowledged he doesn’t know what the outcome will be over a deal to end the fighting in Ukraine.

President Donald Trump said a meeting between his envoy Steve Witkoff and Russian President Vladimir Putin was “reasonably good” but acknowledged he doesn’t know what the outcome will be over a deal to end the fighting in Ukraine. “What comes out of that meeting? I can’t tell you, because it does take two to tango,” Trump told reporters in the Oval Office on Wednesday. Bloomberg’s Greg Sullivan reports.

Horizons Middle East & Africa 12/4/2025 (Video)

Horizons Middle East & Africa 12/4/2025 (Video)

Franklin Templeton Sees 6% UK Yields, Warns of Budget Reckoning

The UK government will struggle to fund spending, helping drive the yield on 30-year gilts to 6% in the coming year, according to David Zahn, head of European fixed income at Franklin Templeton.

The UK government will struggle to fund spending, helping drive the yield on 30-year gilts to 6% in the coming year, according to David Zahn, head of European fixed income at Franklin Templeton.

Franklin Templeton Sees 6% UK Bond Yields And Budget Reckoning

The UK’s struggle to fund spending will help drive the yield on 30-year gilts to 6%, according to Franklin Templeton’s David Zahn, reaffirming his bearish view of Britain’s public finances after last week’s budget.

The UK’s struggle to fund spending will help drive the yield on 30-year gilts to 6%, according to Franklin Templeton’s David Zahn, reaffirming his bearish view of Britain’s public finances after last week’s budget.

UK Assets Rise as Global Sentiment Picks Up

UK Assets Rise as Global Sentiment Picks Up

Omnicom Group Acquires Interpublic Group in $2.95 Billion Merger to Enhance Market Position

Omnicom Group Inc. has successfully completed its acquisition of The Interpublic Group of Companies, Inc. (IPG) in a deal valued at approximately $2.95 billion. This strategic merger is expected to bolster Omnicom's capabilities and market presence as it integrates IPG's operations into its own.

In a significant development within the marketing and advertising industry, Omnicom Group Inc. has announced the completion of its merger with The Interpublic Group of Companies, Inc. (IPG), finalizing a transaction valued at approximately $2.95 billion. The merger, which was completed on November 26, 2025, involves EXT Subsidiary Inc., a wholly owned subsidiary of Omnicom, merging with IPG, thereby making IPG a wholly owned subsidiary of Omnicom. Under the terms of the merger agreement, each...

Stocks’ irrational rate-cut rally

And the prospects for a Hassett-led Fed.

And the prospects for a Hassett-led Fed

Rio’s New CEO Trims Costs, Eyes Growth for ‘Simpler’ Miner

Rio Tinto Group’s new chief executive has announced a string of cost cuts and planned productivity improvements as part of his vision for a slimmed down miner focused on its core and most profitable businesses, including iron ore and copper.

Rio Tinto Group’s new chief executive has announced a string of cost cuts and planned productivity improvements as part of his vision for a slimmed down miner focused on its core and most profitable businesses, including iron ore and copper.

Rio Cuts Costs, Dials Down Lithium to Build ‘Simpler’ Miner

Rio Tinto Group’s new chief executive outlined plans to raise as much as $10 billion to be reinvested in the business, while pulling back from loftier ambitions including lithium, as part of his vision for a slimmed-down miner focused on core areas like iron ore and copper.

Rio Tinto Group’s new chief executive outlined plans to raise as much as $10 billion to be reinvested in the business, while pulling back from loftier ambitions including lithium, as part of his vision for a slimmed-down miner focused on core areas like iron ore and copper.