Daily Recap

Wednesday, 27 May 2026

Business news today is marked by boardroom turmoil, courtroom pressure and a measure of market routine. In Singapore, Byju’s founder Byju Raveendran was sentenced to six months in jail for contempt over repeated non-compliance with court orders tied to his assets, deepening the edtech group’s global legal and financial troubles even as settlement talks with lenders and investors continue. Corporate governance was also in focus at BP, where newly installed chair Albert Manifold was abruptly removed amid board concerns over oversight and conduct, allegations he strongly denies and says he will contest. Against that backdrop, National Bank of Canada offered a steadier signal, declaring quarterly dividends across several preferred share classes. Beyond the corporate sphere, geopolitical tensions remained a business backdrop after Iran said renewed war with the US was unlikely but warned it was ready to retaliate if attacked.

Recap for Wednesday, 27 May 2026

Photos from today's Business coverage
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