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Dutch technology investor Prosus reported on Monday a 47 per cent jump in full-year core earnings to $7.4 billion, exceeding its financial targets, driven by its expansion into food delivery and e-commerce. Owned by South Africa’s Naspers, Prosus is transforming from an investment group to a technology company running such services as food delivery, fintech and ride sharing, a change in strategy a BofA analyst said could shift its investment case.Prosus announced in late February an agreement to buy Just Eat Takeaway for 4.1 billion euros ($4.72 billion) to create a “European tech champion” of food delivery.CFO Nico Marais said…

[LONDON] Britain’s populist Reform UK party presented plans on Monday (Jun 23) to offer wealthy, often foreign newcomers a “Britannia Card” to gain exemption from tax on international wealth, income or gains for 10 years for a one-off, £250,000 (S$432,602) payment.The policy draws a new battle line before the next national election with Britain’s governing Labour Party. The government has closed exemptions on so-called “non-doms”, or non-domiciled residents, who have long paid little or no UK tax on money earned overseas. Using a press conference to also criticise the opposition Conservative Party for hiking taxes on voters when it held power,…

Former minister Tulip Siddiq has accused the leader of Bangladesh of conducting an “orchestrated campaign” to damage her reputation and “interfere with UK politics”, according to a new legal letter seen by Sky News. The Labour MP also said comments made by Professor Muhammad Yunus in a Sky News interview have prejudiced her right to a fair investigation, meaning the ongoing corruption inquiries into her should be dropped. In March, the chief adviser – who is effectively the country’s interim leader – told Sky News that Ms Siddiq “has so many (sic) wealth left behind here” and “should be made…

[BANGKOK] Thailand’s Prime Minister Paetongtarn Shinawatra began a Cabinet reshuffle on Monday (Jun 23) as a political and judicial crisis sparked by a leaked phone call threatens to sink her government. The 38-year-old daughter of controversial former PM Thaksin Shinawatra began handing out ministerial posts vacated when her main coalition partner quit last week – a move that nearly took her government down. Paetongtarn, in office for less than a year, is hanging on by a thread, and on top of the party horse-trading she now faces a Constitutional Court case that could see her barred from office. She faced calls to quit…

HE RAN for office bashing members of the Republican Party’s neoconservative wing for drawing the US into costly military quagmires in Iraq and Afghanistan, and vowing not to involve America in “endless wars” in the Middle East and elsewhere.As President Donald Trump insisted before and after taking office, his America-First foreign policy agenda would preclude embroiling the American people in military crusades aimed at “regime change” and “democracy promotion”, and would focus instead on pursuing a prudent non-interventionist policy that reflects core US national interests.Those pledges not only helped Trump get elected, but also energised his political base and members…

BOSTON :U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 billion of the world’s largest cryptocurrency on its balance sheet.Pompliano said in a statement that his financial services firm ProCap BTC would merge with Columbus Circle Capital I, a special purpose acquisition company, to create ProCap Financial, a bitcoin treasury firm.Several public companies have employed bitcoin treasury strategies, which involves allocating a portion of their cash and reserves toward bitcoin, to replicate the success of software company Strategy, which began accumulating bitcoin in 2020 and now holds more…

[MILAN] Stellantis new CEO Antonio Filosa started his tenure on Monday (Jun 23) by retaining his previous role as head of the key North American market, while avoiding major changes to the French-Italian automaker’s senior management team. Stellantis shares were briefly suspended at the open, after they fell more than 5 per cent. They were down 2 per cent by 1130 GMT, among the worst performers in Italy’s blue-chip index, with the limited changes leaving investors underwhelmed. A source familiar with the matter said Filosa’s decision to keep the North American post stemmed from his commitment to continue the job he started…

Palestine Action will be proscribed as a terrorist organisation, Home Secretary Yvette Cooper has said.The action has been taken after the activist group claimed responsibility for breaking into RAF Brize Norton last week. Footage released by the group showed them vandalising aircraft – with reports of damage totalling millions of pounds.Home Secretary Yvette Cooper said “the disgraceful attack on Brize Norton” on Friday was “the latest in a long history of unacceptable criminal damage committed by Palestine Action”Politics latest: Minister dodges question on UK reaction to US strikes on Iran Image: Some of the damage to planes at RAF Brize…

[DUBAI] Major global airlines extended flight cancellations to the Persian Gulf, disrupting air traffic to critical hubs such as Dubai after the US struck nuclear sites in Iran and Teheran vowed to retaliate. Singapore Airlines said it would suspend service to Dubai until Wednesday (Jun 25) night and warned more flights could be scrapped due to the fluidity of the situation. British Airways added cancellations to Dubai and Doha, while Air France-KLM reportedly will scrap flights to Dubai and Riyadh. The airlines’ decisions highlight the potential for a widening of the war between Israel and Iran after US President Donald…

A.J Foyt Racing’s David Malukas ended on the beach after a spin out in the first lap at 2025 XPEL Grand Prix at Road America