Business

Aon strikes $17 billion deal for rival USI Insurance Services

Monday, August 31 by SRN News

Aug 31 (Reuters) - Aon will buy rival USI Insurance Services in a $17 billion deal from private equity firm KKR, the insurance brokerage said on Monday. Mega buyouts have become more typical in the highly fragmented insurance brokerage industry in recent years as... Read More.

Japan to beef up its defense with drones, AI and missiles, defense budget plans show

Monday, August 31 by SRN News

TOKYO (AP) - Japan plans to use drones, artificial intelligence and new methods of warfare as it adapts its defense strategies to suit changing times, according to details of an 8.9 trillion yen ($55.6 billion) budget request for the coming fiscal year disclosed by... Read More.

US stock futures down as Middle East strikes fuel inflation anxiety

Monday, August 31 by SRN News

By Niket Nishant and Utkarsh Hathi Aug 31 (Reuters) - Wall Street futures edged lower on Monday after military clashes between the U.S. and Iran drove up oil prices, stoking inflation fears as the interest-rate outlook turns more hawkish. The losses could set... Read More.

Japanese automakers Nissan and Honda agree to work together on software for cars

Monday, August 31 by SRN News

TOKYO (AP) - Japanese automakers Nissan and Honda entered a deal to jointly develop computer parts and software for vehicles set to enter the market in fiscal 2029, both sides said Monday. Under the deal, Nissan, based in the port city of Yokohama, and Tokyo-based... Read More.

Bessent pushes back on fears over US debt market strains

Monday, August 31 by SRN News

By David Lawder and Leika Kihara ASHEVILLE, North Carolina, Aug 30 (Reuters) - U.S. Treasury Secretary Scott Bessent brushed aside concerns about turbulence in the U.S. government bond market, arguing that worries about rising debt and yields overlook the strength of the U.S. economy and... Read More.

Exclusive-CIA-backed investor helped top German drones firm break into US

Monday, August 31 by SRN News

By John O'Donnell and Maria Rugamer MUNICH, Aug 31 (Reuters) - German drone maker Quantum Systems gained an early foothold in the United States with help from CIA-linked investor In-Q-Tel (IQT), its co-CEO said, highlighting how U.S. capital and networks continue to shape Europe's emerging... Read More.

China’s factory activity contracts in August despite an uptick in export demand

Monday, August 31 by SRN News

HONG KONG (AP) - China's factory activity improved marginally in August as export demand remained robust, though overall manufacturing still was in a contraction. China's official manufacturing purchasing managers' index, or PMI, recovered slightly to 49.8 in August from 49.2 in July, according to... Read More.

Bessent heads to the G20 to rally allies on Iran

Monday, August 31 by SRN News

(AP) - Treasury Secretary Scott Bessent is bringing a message of economic growth, energy independence, and financial stability to the world's largest economies this week, as the United States works to strengthen its position on trade, national security, and global debt. Bessent is hosting meetings... Read More.

Asian shares, US futures retreat and oil prices surge after US strike on Iranian rocket launchers

Monday, August 31 by SRN News

BANGKOK (AP) - Shares were mostly lower in Asia and U.S. futures also declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged about 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz,... Read More.

China’s three biggest airlines post heavy first-half losses as fuel shock bites

Monday, August 31 by SRN News

By Julie Zhu and Sophie Yu HONG KONG/BEIJING, Aug 31 (Reuters) - China's three biggest state-owned airlines reported first-half losses for the seventh consecutive year, battered by surging jet fuel prices, with the outlook for the rest of the year clouded by a lacklustre summer... Read More.

Current Weather

Aon strikes $17 billion deal for rival USI Insurance Services

Japan to beef up its defense with drones, AI and missiles, defense budget plans show

US stock futures down as Middle East strikes fuel inflation anxiety

Japanese automakers Nissan and Honda agree to work together on software for cars

Bessent pushes back on fears over US debt market strains

Exclusive-CIA-backed investor helped top German drones firm break into US

China’s factory activity contracts in August despite an uptick in export demand

Bessent heads to the G20 to rally allies on Iran

Asian shares, US futures retreat and oil prices surge after US strike on Iranian rocket launchers

China’s three biggest airlines post heavy first-half losses as fuel shock bites

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