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Paramount is reportedly nearing a deal to secure significant financial backing from Gulf funds for its potential $81 billion takeover bid of Warner, according to exclusive reports.
The Kremlin has denied reports that President Vladimir Putin pressured leading Russian businessmen to donate money to stabilize the country's finances for the Ukraine war, clarifying that while contributions are welcomed, they are voluntary. This comes after earlier reports indicated Putin was demanding funds from oligarchs for the ongoing conflict.
An analysis warns that forced asset sales by Gulf funds, which collectively manage 4.35 trillion in assets including stocks, gold, and debt, could potentially lead to a new global financial crisis.
Mohamed El-Erian's commentary highlights that the world's dependence on capital from the Gulf region is deeper than many realize, and the ongoing Iran war poses a significant risk to this global financial flow.
Ukraine has finalized a defense cooperation deal with Saudi Arabia, with President Zelensky highlighting 'our technology and their funding,' as it actively seeks broader arms partnerships with Gulf states to counter Iranian drones, a move made more significant amid the ongoing Iran war.
President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.