Author: Daniel snow

The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023.Bloomberg | Bloomberg | Getty ImagesThe world’s largest sovereign wealth fund will this week tell the European Union that “better and simpler regulation” is key to the markets reforms it urgently needs.”European markets over time have fallen behind in terms of business dynamism and the provision of new investment opportunities to institutional investors,” Norges Bank Investment Management, the largest single-owned investor in EU capital markets, said in a letter addressed to the European Commission to be sent Tuesday.The letter comes as part of an EU consultation on…

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The Walt Disney Company and Universal, two of the biggest names in theme parks, are both undertaking historic expansions to their experiences businesses.Universal Orlando Resort in May opened the gates to Epic Universe, its fourth theme park at its flagship resort. Epic cost an estimated $7 billion to build, according to numbers provided by the University of Central Florida. Brian Roberts, Chairman and CEO of Universal parent company Comcast, called it the “single-largest investment Comcast NBCUniversal has made in its theme park business”.”It’s so different than anything else that we’ve ever built, but certainly I think it’s different than anything…

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Warner Bros. Discovery plans to split into two public companies by next year, the media giant announced Monday, the latest upheaval in the industry as consumers transition from cable to streaming.Warner Bros. Discovery will separate into Streaming and Studios, which will include its movie properties and streaming service HBO Max, and Global Networks, which will include CNN, TNT Sports and Discovery, among other businesses.CEO David Zaslav will take on that post in the Streaming and Studios company. Current CFO Gunnar Wiedenfels will become CEO of the Global Networks business.Warner Bros. Discovery expects to complete the split by the middle of…

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Workers assemble cars on the assembly line at the Volkswagen automobile factory on March 07, 2025 in Wolfsburg, Germany.Sean Gallup | Getty Images News | Getty ImagesChina appears to have offered U.S. and European auto giants something of a reprieve after industry groups warned of increasing production threats over a rare earth shortage.China’s Ministry of Commerce on Saturday said it was willing to establish a so-called “green channel” for eligible export license applications to expedite the approval process to European Union firms. A Ministry of Commerce spokesperson said Wang expressed hope that the EU would take “reciprocal steps” and adopt…

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