Reuters

(Reuters) - Billionaire Bill Ackman's Pershing Square Capital Management said on Monday it has sold a 10% stake for $1.05 billion to a consortium of investors.

The stake sale is a precursor to a potential initial public offering that could happen next year or in 2026.

About $500 million of the money raised from the investors will anchor Pershing Square USA, Ackman's new investment portfolio in the United States, which will be listed on... (continue reading...)

By Nathan Frandino

STANFORD, California (Reuters) - As the Paris Olympics fast approaches, summertime temperatures will only continue to get hotter, giving athletes additional challenges as they seek to bring home medals.

Temperatures are expected to soar again in the European summer, after setting records in 2023, and although it is too early for an exact forecast for July, national weather agency Meteo-France said warmer than normal... (continue reading...)

ATHENS (Reuters) - The convicted founder of Greece's far-right Golden Dawn party, Nikos Mihaloliakos, has been ordered back to prison, the Athens News Agency said on Monday, after an appeals court overturned a widely-criticised order for his release on parole.

Mihaloliakos, 66, and other Golden Dawn members were sentenced in 2020 after being convicted in a five-year trial of running a criminal gang linked to a string of hate crimes, including the 2013... (continue reading...)

DUBAI (Reuters) - Egyptian President Abdel Fattah al-Sisi reappointed Prime Minister Mostafa Madbouly on Monday to form a new government after the latter submitted his cabinet's resignation, following Sisi's reelection for a third term last year, the presidency said in a statement.

Sisi directed the new government to focus on lowering inflation and regulating markets as well as attracting and increasing local and foreign investments, the presidency... (continue reading...)

LONDON (Reuters) -The British government says it intends to begin deporting asylum seekers on July 23, court documents showed on Monday, although the controversial scheme is dependent on Prime Minister Rishi Sunak's Conservative parties winning the upcoming election.

The policy of sending asylum seekers who arrived in Britain to the East African nation is one of Sunak's flagship policies but legal and parliamentary obstacles have meant it has never got... (continue reading...)