Opinion

Spirit Airlines Inc is now dancing with only one suitor. A high-stakes shareholder vote over the low-cost carrier’s proposed merger with Frontier Group Holdings Inc appeared to come down to the wire, with Spirit pausing the proceedings at midday to allow for a few extra hours of negotiations. In the end, despite the additional time and four earlier delays in ...

  For a market that has typically been seen as concentrating on the future, investors can sometimes take a surprisingly backward view. Consider their upbeat reaction to Alphabet Inc’s earnings, reflected in the stock’s 5% jump on July 27. As encouraging as it might be that second-quarter revenue came close to what analysts expected — although the 13% growth rate ...

  Bangladesh is seeking a bailout from the International Monetary Fund (IMF); Pakistan is expected to receive its own $1.2 billion rescue deal soon. Neither wants to end up another Sri Lanka. The island nation was pulled into a vortex of empty dollar coffers, popular anger over shortages of food, fuel and medicines, political chaos and a still-deepening economic funk. ...

At a Commonwealth summit in Rwanda back in June, Boris Johnson was asked if he’d want to serve a second term in office. “At the moment, I am thinking actively about the third term,” he quipped. That would take him into the mid-2030s, he noted for any who couldn’t do the math. There is little doubt that, even now, Johnson ...

  The world’s biggest battery company is turning to abundantly available materials as it looks to upgrade power packs for electric vehicles. While that stands to bring down costs and raise efficiency as raw material shortages abound, it’s an opportunity for countries like India and Brazil to take their chunk of the increasingly lucrative EV supply chain before it gets ...

  So that’s clear then. UBS Group AG isn’t trying to build its investment bank just for the sake of “being an investment bank” — the message from Chief Executive Officer Ralph Hamers as he explained the Swiss firm’s poor second-quarter performance versus Wall Street peers. A more selective approach to investment banking may make sense. But investors need to ...

  The 27 national leaders of the European Union (EU) love to extol the solidarity that binds their countries together. Even the words signal destiny. “Union” comes via French from the Latin unus for “one,” and solidarity from solidus for “firm, whole and undivided.” Like a good marriage, the bloc is meant to be a solidarity union. In reality, it ...

The World Health Organization (WHO) had a hard time deciding whether to label monkeypox a public health emergency of international concern (PHEIC) or not. That’s a rare designation, given to Covid-19 and a handful of other diseases such as swine flu in 2009, polio in 2014 and Ebola (twice). It carries binding legal commitments for member nations to act. A ...

If Elon Musk does eventually take over Twitter Inc he will quickly discover the one feature he’s disparaged the most, bots, are the key to the platform’s ongoing growth. Musk may also be glad to see that its main rival in ephemeral social media, Snap Inc, doesn’t even have that same “problem.” Both companies reported earnings and similarly disappointed investors. ...

  Satellite startup OneWeb Ltd’s past decade has resembled a space opera. Founded by a US entrepreneur and headquartered in London, it has partnered with Google and Elon Musk, supplied Arianespace, attracted investment from Hughes Network Systems and SoftBank Group Corp and fallen into bankruptcy. It was then rescued by the UK government and India’s Bharti Global. The next act ...