Amazon to buy satellite firm Globalstar in $11.57B deal

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• Wendy's shares jump 15% as Nelson Peltz's Trian offers $1.4 billion to buy burger chain

  An investor consortium led by Nelson Peltz's Trian Fund Management aims to take the prominent fast-food chain private following a turbulent period marked by declining sales and executive turnover. The substantial cash bid arrives after years of plummeting stock value and weakened demand from budget-conscious consumers dining out less frequently.

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• Uncertainties in approvals and laws can significantly delay subsea cables for ASEAN power grid

  Developing a connected regional energy network requires navigating a complex web of different national approval systems and territorial waters. A joint US-Singapore study highlights that these bureaucratic and legal hurdles risk stalling multi-billion-dollar investments and pushing back target completion dates. Addressing these regulatory roadblocks is essential to establishing the infrastructure needed for a unified clean energy market.

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• Real Madrid apologise to Chinese people for Mbappe’s Mao ‘dictator’ remark

  Real Madrid issued an apology to the Chinese people on Wednesday following a fierce backlash over comments made by French forward Kylian Mbappe, who referred to former Chinese leader Mao Zedong as a “dictator” in a podcast. Mocking Mao, modern China’s founding leader who ruled from 1949 until 1976, remains a strict social taboo and highlights the financial risks athletes and brands face in the lucrative Chinese market. The initial apologies from Mbappe and La Liga failed to calm the negative response, prompting La…

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