The US House of Representatives has approved legislation allowing sanctions against countries purchasing Russian oil above the G7 price cap, specifically targeting India with a potential 100% tariff. This move complicates India's energy strategy, which relies on discounted Russian crude.
Online marketplace eBay has formally declined GameStop's unsolicited £43.8 billion ($55.5 billion) offer, labelling it neither credible nor attractive. The rejection letter from eBay's Board of Directors highlighted financial uncertainties, operational risks, and governance issues associated with GameStop.
United States consumer prices registered their most significant annual increase since May 2023, reaching 3.8% in April. This surge is primarily attributed to rising energy and food costs, exacerbated by the conflict in Iran and its impact on global shipping.
