BUSINESS

Cannon-Brookes Seeks 11.5% Stake In Australia's AGL Energy - JPMorgan

Mike Cannon-Brookes, chief executive officer of Atlassian, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 11, 2019.
Tech billionaire Mike Cannon-Brookes is seeking to buy an 11.5% stake in AGL Energy nearly two months after Australia's top power producer rejected a A$5.4 billion ($3.8 billion)takeover offer from his Grok Ventures and Canada's Brookfield Asset Management, according to a market statement from JPMorgan.
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China's largest city Shanghai has been almost entirely locked down for weeks over the country's worst coronavirus outbreak in two years

Shanghai Lockdown Sends Chill Down Meat Trade

The protracted lockdown in Shanghai, China's financial hub, is slowing the nation's normally booming meat trade, with stringent COVID-19 measures causing logistics logjams across the food industry in a sign of the broadening disruptions to business.
People walk at Surco market in Lima, Peru August 31, 2018.

Peru's Annual Inflation Rate Hits 24-year High In April

Peru's annual inflation rate hit 7.96% in April, its highest level in 24 years, as the copper-producing Andean nation grapples with protests over rising food and energy costs linked to a commodities price spike since Russia's invasion of Ukraine.
In this file photo taken on April 14, 2022 In this photo illustration, a phone screen displays the Twitter account of Elon Musk with a photo of him shown in the background, on April 14, 2022, in Washington, DC

Do What You Musk

Elon Musk is in the process of revolutionizing the aerospace industry by demonstrating that rocket rides can be stylish and speedy for the super-duper affluent.  

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