Mars set to win unconditional EU nod for $36 billion Kellanova deal, sources say

The European Union has proposed a significant 50% tariff on steel imports, aiming to protect local industries from the influx of cheaper Chinese steel. This move is crucial as it seeks to bolster the EU's economy and support domestic manufacturers, ensuring fair competition in the market. By addressing the challenges posed by Chinese imports, the EU is taking a proactive stance to safeguard jobs and promote sustainable growth within the region.

Boeing is reportedly on the verge of receiving conditional approval from the European Union for its $4.7 billion acquisition of Spirit AeroSystems. This deal is significant as it could strengthen Boeing's supply chain and enhance its production capabilities, especially in the wake of challenges faced in recent years. The approval would mark a crucial step forward for Boeing, allowing it to consolidate its position in the aerospace market and potentially lead to increased job security and innovation within the industry.

The European Union has announced a significant reduction in steel import quotas, aiming to protect its domestic steel industry from external competition. This move is crucial as it seeks to bolster local production and safeguard jobs within the sector, ensuring that European manufacturers can thrive in a challenging global market. By limiting imports, the EU hopes to create a more sustainable and resilient steel industry that can meet both current and future demands.

The European Union is planning to impose a 50% tariff on excess steel imports to address the growing issue of overcapacity in the steel sector. This move comes in response to rising steel imports and tariffs from other countries, which have been creating additional challenges for EU steel producers. By implementing these tariffs, the EU aims to protect its domestic industry and stabilize the market, ensuring a more sustainable future for steel production in the region.

The European Union has successfully issued a new bond, raising an additional €5 billion with a 2.75% interest rate, set to mature in December 2032. This move is significant as it strengthens the EU's financial position and demonstrates confidence in its economic stability. The funds raised will likely support various initiatives, enhancing the EU's ability to respond to future challenges.

The European Union has initiated a significant step towards financial stability by launching a €6 billion offering of 12-year notes. This move is crucial as it not only strengthens the EU's financial framework but also boosts investor confidence in the region's economic resilience. By securing long-term funding, the EU aims to support various initiatives and projects that can drive growth and stability across member states.

The EU's decision to match Donald Trump's steel tariffs by doubling import levies to 50% has raised alarms in the UK, where 80% of steel exports go to Europe. This move is seen as a significant threat to the UK steel industry, which is already facing challenges. The lobby group representing the sector has labeled this change as the biggest crisis the industry has ever faced, highlighting the potential economic repercussions for the UK.

Boeing is on the verge of receiving European Union approval for its significant $4.7 billion acquisition of Spirit AeroSystems. This deal is crucial for Boeing as it aims to strengthen its supply chain and enhance production capabilities, especially in the wake of recent challenges in the aerospace sector. Gaining EU approval not only boosts Boeing's operational efficiency but also signals confidence in the company's recovery and growth prospects in the competitive aviation market.

The European Union has proposed a 50% duty on imported steel, aiming to revitalize its domestic steel industry and promote reindustrialization. This move is significant as it seeks to protect local jobs and reduce dependency on foreign steel, which could enhance economic stability in the region. By imposing these tariffs, the EU hopes to encourage investment in local production and innovation, ultimately leading to a stronger industrial base.

The head of the European Central Bank, Christine Lagarde, has issued a stern warning to the European Union regarding the potential seizure of Russian assets. This statement comes amid ongoing discussions about how to handle frozen assets linked to Russia due to the ongoing conflict. Lagarde's caution highlights the complexities and potential economic repercussions of such actions, emphasizing the need for careful consideration in the EU's approach. This matters because it reflects the delicate balance the EU must maintain between taking a stand against aggression and ensuring economic stability.

Kazia Therapeutics has signed a significant deal to acquire a novel cancer immunotherapy asset, marking a promising step forward in their mission to combat cancer. This partnership not only enhances Kazia's portfolio but also reflects the growing interest and investment in innovative cancer treatments. The deal is expected to accelerate the development of new therapies, potentially offering hope to patients and advancing the field of oncology.

The European Union is taking a strong stance against Russia's shadow oil fleet by proposing sanctions on three companies that have been supplying fake flags to sanctioned oil tankers. This move is significant as it aims to tighten the noose around illicit oil trade and uphold international sanctions, showcasing the EU's commitment to combating evasion tactics used by Russia.

In a recent statement, Josh Easterly, Co-Chief Investment Officer at Sixth Street Partners, raised concerns about the aggressive marketing strategies employed by alternative asset managers to attract retail investors. He highlighted that while capturing retail wealth is a growing trend, the pervasive promotion of private investments could pose risks to investors. This discussion is crucial as it sheds light on the balance between attracting new capital and ensuring that investors are fully informed about the complexities of these investment opportunities.

Chancellor Rachel Reeves is set to unveil her economic plans in her second Budget on November 26. This announcement is significant as it will outline the government's financial strategy and priorities, impacting various sectors and the overall economy.

The White House is considering a move that could deny back pay to furloughed federal workers, a decision that could significantly impact thousands of employees who were temporarily laid off. This matters because it raises concerns about the financial stability of these workers and their families, especially during uncertain economic times. The potential denial of back pay could lead to increased hardship for those who rely on their salaries to meet everyday expenses.

Jaguar Land Rover (JLR) has announced a troubling update following a recent cyberattack, indicating that the company still faces significant challenges ahead. This situation is concerning not only for JLR's operations but also for its customers and stakeholders, as it raises questions about data security and the company's ability to recover swiftly.

In a significant development following the car finance scandal, lenders are set to pay out £700 per driver, amounting to a total of £8.2 billion in compensation. While this figure is lower than the previous estimates from the Financial Conduct Authority (FCA), it still represents a substantial effort to address the financial grievances of affected drivers. This payout is crucial as it not only provides financial relief to those impacted but also signals a commitment from lenders to rectify past mistakes, fostering trust in the financial system.

Hydro One Ltd., a prominent Canadian utility company, is set to make waves with its inaugural US dollar debt sale, aiming to raise up to $1 billion in the first half of 2026. This move, announced by interim CEO Harry Taylor at the Bloomberg Canadian Finance Conference, marks a significant step for the company as it diversifies its funding sources and expands its financial strategy. This initiative not only highlights Hydro One's growth ambitions but also reflects the increasing interest of Canadian firms in the US capital markets.