Germany’s Axel Springer, owner of Bild and Politico, swoops for UK’s Telegraph newspaper
The Straits Times
Britain's government had ordered a probe over an earlier agreed sale. Read more at straitstimes.com.
LONDON - German media group Axel Springer said March 6 it had agreed to buy right-wing British newspaper The Telegraph in a surprise move, as the UK government investigates a rival bid.
The German group, which already owns tabloid Bild, the Welt broadsheet and Politico news outlet, said in a statement it would pay £575 million (S$980 million) in cash for the title, which comprises daily print and online versions.
It follows a drawn-out pursuit of the 170-year-old title.
Britain’s government in February launched an investigation into an agreed sale to the owner of the Daily Mail, a rival right-wing publication, citing competition concerns.
The Daily Mail and General Trust (DMGT) had struck a £500 million deal with US-Emirati consortium RedBird IMI in November for the purchase.
However, the paper now looks likely to come under German ownership, with Axel Springer vowing to “preserve the integrity of a heritage media brand”, while giving it a platform for growth and expansion.
Samir Ousman Alsheikh pleaded not guilty. Read more at straitstimes.com.
About 12 per cent of active registered express buses have yet to complete the verification process. Read more at straitstimes.com.
It will also deliberate on the implementation of a five-year national policy plan. Read more at straitstimes.com.
Financial commitments, such as repayment of credit cards, eat into the bulk of their monthly budget. Read more at straitstimes.com.
The conflict exposes the city to many risks, but some are seeing opportunities too. Read more at straitstimes.com.
The 'unprecedented' freeze on trillions of dollars in financial assistance was instituted in early 2025. Read more at straitstimes.com.
The EU recently struck trade accords with India and a bloc of South American countries. Read more at straitstimes.com.
Mr Dan Caldwell was a former top adviser to US Defense Secretary Pete Hegseth. Read more at straitstimes.com.
They allegedly shared images and videos of school shootings in other countries with one another. Read more at straitstimes.com.
CHISINAU, March 16 - A Russian attack on a hydroelectric plant in southern Ukraine triggered an oil spill and polluted water systems in neighbouring Moldova, with supplies cut completely in the country's second-largest city, officials said on Monday. Read more at straitstimes.com.
MOSCOW, March 16 - Russian air defence units downed at least 67 Ukrainian drones headed for Moscow on Monday, according to data published by the city's mayor, Sergei Sobyanin. Read more at straitstimes.com.
MOSCOW, March 16 - Russia has taken control of 12 settlements in Ukraine in the first two weeks of March as part of advances along the front line in eastern and southern Ukraine, Russian state-run news agencies quoted top general Valery Gerasimov as saying on Monday. Read more at straitstimes.com.
The eastern half of the US, including New York, Chicago and Atlanta, has been hit with widespread air travel delays and cancellations. Read more at straitstimes.com.