Larry Ellison backs Paramount’s Warner Bros. Discovery bid with $40.4bn guarantee
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion perso...
Syrians in Damascus are grappling with skyrocketing transportation costs as fuel shortages leave buses and taxis struggling to operate.
Public transportation in Damascus has become increasingly difficult, with severe shortages of diesel and gasoline driving up costs. Passengers and transport operators say the crisis has paralysed movement across the city.
Suleiman Al-Jayari, head of a private transportation company, explained the root of the problem:
"Why has it become expensive? Because we cannot secure mazut (diesel), the mazut has paralysed our movement. If mazut was provided, the situation of passengers would be normal and very good.”
Passengers, however, are bearing the brunt of rising prices. Aminah Al-Riz shared her frustration, noting how fares have soared.
"Travel has become more expensive; I came with 43,000 Syrian pounds ($3.44), and now it is 150,000 ($12).”
Taxi drivers face similar struggles. With fuel availability unpredictable, prices remain unstable. A local taxi driver, Tawfiq, highlighted the challenge:
"Because there is no fuel. We struggle to get it and there is no set price.”
As fuel shortages persist, residents are left searching for solutions to ease their daily commutes. Damascus continues to rebuild after years of conflict, but for many, the growing costs are yet another obstacle in their daily lives.
The death toll from Hong Kong’s deadliest fire in decades has risen to 161, after forensic analysis confirmed one more victim among the charred remains at Wang Fuk Court in Tai Po, more than three weeks after the blaze began, authorities said on Saturday.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told on Sunday, in what would be the second such operation this weekend and the third in less than two weeks if successful.
The United States has proposed a potential new format for peace talks between Ukraine and Russia, which could include American and European representatives, Ukrainian President Volodymyr Zelenskyy said on Saturday, December 20.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion personal equity guarantee from billionaire Larry Ellison, despite the target company’s board urging shareholders to reject the offer.
Enrique Cocero, a political analyst, recently shared his insights on the escalating tensions surrounding the U.S. seizure of Venezuelan oil tankers.
Australia on Sunday, honoured victims of an attack that happened a week ago during a seaside Hanukkah celebration, as the prime minister announced a review of the country's law enforcement and intelligence agencies.
Israeli forces have launched new airstrikes across multiple areas of the Gaza Strip, despite an ongoing ceasefire agreement leading to multiple casualties.
Ukrainian forces have withdrawn from several positions in the north-eastern Sumy region, Kyiv confirmed on Sunday, 21 December, in a move linked to intense fighting near the Russia-Ukraine border.
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