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Turkish Airlines Lands Liverpool Shirt Deal Worth £300M Over Five Years
Turkish Airlines replaces Standard Chartered as Liverpool’s main shirt sponsor in a five-year deal worth £300 million, the most lucrative in Premier League history. THYAO stock rose 2.8% on the news.
Sensex Falls 121 Points as Brent Crude Hits $108 on September 11
Sensex fell 121 points to 74,781.76 and Nifty dropped 80 points to 23,398.10 on September 11 as Brent crude jumped to $108 amid West Asia conflict and foreign fund outflows.
Denny’s Franchisee Closes 5 Locations in Minnesota, Wisconsin on September 9
Denny’s franchisee M15 Inc. closed 5 locations in Minnesota and Wisconsin on September 9, citing unsustainable debt. The chain has shuttered 155 restaurants over two years as it pursues a turnaround.
Sapporo Shifts Non-Alcoholic Beer to US by Mid-2027 Amid 50% Tariff
Sapporo plans to shift non-alcoholic beer production from Canada to the US by mid-2027 to dodge 50% tariffs. The move affects just 0.5% of Canadian output and remains unconfirmed.
Trump Demands Bombardier Build in U.S. or Lose Sales Access
Trump threatens to block Bombardier jet sales in the U.S. unless the Canadian aerospace company builds planes domestically. Bombardier says it already manufactures components in the U.S. and employs 3,500 American workers.
Singtel Stock Rises as India Holdings Fuel 50% of Company Value
Singtel’s Indian holdings, including a 25-year-old stake in Airtel, now account for approximately 50% of the company’s S$73.5 billion valuation. Meyka rates the stock B with a 12-month forecast of S$5.00.
Bond Market Rout Pushes Australian 10-Year Yields to 15-Year High
Australian 10-year bond yields hit 15-year highs as global bond markets sell off sharply. Rising yields increase borrowing costs and threaten asset prices amid persistent inflation and $40 trillion US debt.
Norway’s $2.3T Wealth Fund Cuts US Treasury Holdings by $75B
Norway’s $2.3 trillion sovereign wealth fund proposes cutting US Treasury holdings by $75 billion to diversify into riskier assets and boost returns amid rising US debt concerns.
Sam Altman Says ChatGPT Uses Less Water Than Growing One Almond
Sam Altman compares ChatGPT water use to California almonds, saying modern data centers consume no more water than office buildings. 71% of Americans oppose new data center construction.