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Bloomberg

EasyJet Rejects Castlelake Takeover Bids

EasyJet has rejected three separate offers from Castlelake, prompting the investment firm to take its latest proposal that values the budget carrier at about £4.74 billion ($6.3 billion) directly to shareholders. The UK airline said it rejected the proposal as not being in the best interest of shareholders, accusing Castlelake of trying to buy the company "on the cheap." Bloomberg's Benedikt Kammel reports.

Read more: EasyJet Rejects Castlelake Takeover Bids
Bloomberg

Ethiopian PM Abiy Ahmed's Party Wins Elections

Ethiopian Prime Minister Abiy Ahmed has secured another term in office after his Prosperity Party won a landslide victory in parliamentary elections.  Bloomberg's Chief Africa Correspondent Jennifer Zabasajja explains the result gives the Ethiopian leader a fresh mandate to pursue economic reforms, but he faces a daunting list of challenges.

Read more: Ethiopian PM Abiy Ahmed's Party Wins Elections