easyJet Agrees in Principle to £5.23 Billion Castlelake Takeover Offer 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Foxconn Q2 Revenue Surges Nearly 40% on Strong AI Server Demand 
Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
HDC Hyundai Development is expected to expedite its acquisition of Asiana Airlines after the latter accepted the creditors' funding plan and raised its debt limit.
Asiana Airlines has agreed to the terms and conditions of additional support with the creditors, Korea Development Bank (KDB) and the Export-Import Bank of Korea (KEXIM), who recently established a credit line (CL) of 1,229.3 billion won and 480.7 billion won, respectively.
Last year, both creditors also provided 1.6 trillion won to Asiana Airlines.
Their credit was meant to help Asiana Airlines survive its liquidity crunch.
The carrier's debt-to-equity ratio increased considerably from the end of last year, and the amount it needs to repay creditors this year inflated from 1.7 trillion won to 2.5 trillion won.
On top of its debt, Asiana Airlines also has fixed monthly costs of 200 billion won to 300 billion won.
The creditors were reportedly considering turning Asiana's permanent bonds they hold into equity, and the additional support creates more pressure on HDC to expedite the takeover.
The acquisition process has been slow with HDC Hyundai Development even delaying the repayment of borrowings and a capital increase plan with the two creditors.
The reluctance was due to the COVID-19 outbreak, which sank the aviation industry into its liquidity crisis.
