Business

Pizza Hut Set for $2.7 Billion Sale Amidst Performance Challenges

Yum! Brands has announced the sale of its Pizza Hut chain for $2.7 billion, with private equity firm LongRange Capital acquiring operations outside mainland China and Yum China Holdings purchasing the mainland China business.

SpaceX Achieves Fifth Most Valuable Company Status Globally, Surpassing Amazon

Elon Musk's SpaceX has become the world's fifth most valuable company following a significant rise in its share price, now valued at approximately $2.78 trillion, exceeding Amazon's $2.66 trillion.

Government Raises Objections to Thames Water Rescue Deal, Nationalization Looms

The UK government has expressed concerns over a proposed rescue package for Thames Water, potentially pushing the nation's largest water provider closer to temporary nationalization.