Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates 
Toyota Retains Global Auto Sales Crown in 2025 With Record 11.3 Million Vehicles Sold 
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns 
Climate Adaptation at Home: How Irrigreen Makes Conservation Effortless 
Gold Prices Pull Back After Record Highs as January Rally Remains Strong 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
BMW came forward to dismiss reports that it is planning to buy McLaren Automotive. The news was first published on Sunday, Nov. 14, by the German automobile news outlet, Automobilwoche.
According to Reuters, the publication claimed that BMW and Audi are interested in buying the British automotive manufacturer but did not name or mention its source for the information. The outlet added that Audi is also looking into the Formula 1 unit of the McLaren Automotive, and it is open to collaborative opportunities.
Reuters contacted BMW for comments regarding the news but was told through the phone that the report was “wrong.” As for Audi, it wrote in an email that it is regularly considering various cooperation opportunities as part of its strategies, but it did not mention or specify anything related to McLaren.
At any rate, prior to the BMW’s dismissal of the acquisition plan reports, Bloomberg reported that Automobilwoche even said BMW is set to hold discussions early next month with Bahrain’s sovereign wealth fund Mumtalakat, which manages McLaren. But this could not be happening as the Bayerische Motoren Werke AG luxury vehicle maker already denied it is interested in the Woking, the United Kingdom headquartered carmaker.
The acquisition reports come as McLaren Automotive has been trying to sort out its finances that were said to have been heavily affected by the pandemic. BMW was able to raise £550 million or around $738 million from its current investors.
It also sold preference shares and equity warrants to new investors that include Ares Management Corp. and Saudi Arabia’s Public Investment Fund. Moreover, the company was said to have collected $620 million from a bond. Now BMW is working to manage these investment gains.
Meanwhile, based on the report related to the rumored plans to acquire McLaren, which has now been denied, McLaren was said to have recorded a £222.9 million operating loss last year due to the pandemic. The company’s sales reportedly crashed by 64% to 1659 cars in 2020 as well, but the situation was said to have improved this year, with its revenue doubling in the first half of 2021.
