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BYD’s European Reset: How China’s EV Titan Is Rewiring Its Playbook for Western Success

Crypto Controversy: Trump’s Gala Dinner Incentive Sends Meme Coin Tumultuously Higher

IMF Says AI Will Boost Global Growth by 0.5% Annually Even as Power Demand Triples

Top Indian Funds Pivot to Domestic Sectors Amid Global Uncertainty, Fueling Market Rebound

Amazon Sellers Pass Tariff Shock to Shoppers as Trump’s China Duties Bite

Roche's $50 Billion U.S. Investment: A Strategic Shift in Global Pharmaceutical Manufacturing

Tariff Truce Beckons as Bessent Warns Levies Threaten US-China Commerce

Trump Announces Direct Xi Call and Presses Ahead with Tariff Negotiations

25% Tariffs Could Add $51 Billion to U.S. Drug Costs and Raise Prices by Nearly 13%

Major Corporates Across Energy, Mining, Automotive and Steel Turn to White Hydrogen Fuel

Wall Street’s Week Ahead: Big Tech Earnings Poised to Shape Market Trajectory

Companies
Lower Inflation In Clothing Predicted By UK’s Next, Presents Cautious Revenue Forecast

Lower Inflation In Clothing Predicted By UK’s Next, Presents Cautious Revenue Forecast

The British clothing retailer Next announced on Wednesday that its annual earnings had increased by a better-than-anticipated 5.7% and that it would not need to raise prices as much as initially anticipated.   But, the retailer's shares were down 6% in morning trading after it maintained its...
China's EV Giant BYD Downplays Effects Of The China Price War Following A Q4 Earnings Surge

China's EV Giant BYD Downplays Effects Of The China Price War Following A Q4 Earnings Surge

After posting an 11-fold gain in fourth-quarter earnings, Chinese electric vehicle (EV) manufacturer BYD claimed on Wednesday that it was big enough to weather the effects of a brutal price war and waning Chinese demand.   A growing product lineup that is assisting it in surpassing...
Apple Introduces "Buy Now, Pay Later" Scheme In The US

Apple Introduces "Buy Now, Pay Later" Scheme In The US

With the launch of its "buy now, pay later" (BNPL) service in the US, Apple Inc. has the potential to upend the fintech industry, which is currently dominated by companies like Affirm Holdings and the Swedish payments company Klarna.   According to the firm, Apple Pay Later will let...
Adidas Backs Down From Its Stance Against The Black Lives Matter Three-Stripe Design

Adidas Backs Down From Its Stance Against The Black Lives Matter Three-Stripe Design

After urging the USPTO to deny a Black Lives Matter application for a trademark with three parallel stripes on Tuesday, sportswear manufacturer Adidas AG changed its mind on Wednesday.   "Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation's trademark...
Walt Disney Has Begun Laying Off 7,000 Employees

Walt Disney Has Begun Laying Off 7,000 Employees

According to a statement addressed to staff and reviewed by the media, Walt Disney Co started 7,000 layoffs planned earlier this year as it strives to minimize expenses and build a more "streamlined" operation.   According to a person familiar with the situation, several main...
In A Further Shake-Up, Elon Musk Warns That Only Verified Twitter Users Will Appear In Its Recommendation Feed

In A Further Shake-Up, Elon Musk Warns That Only Verified Twitter Users Will Appear In Its Recommendation Feed

Only verified accounts will appear in Twitter's recommendation feed, according to Elon Musk, as the billionaire continues to shake up the social media platform.   Twitter's "For You" page displays tweets from people they don't follow but are recommended by the social media company's...
First Citizens To Purchase A Sizable Portion Of The Bankrupt Silicon Valley Bank

First Citizens To Purchase A Sizable Portion Of The Bankrupt Silicon Valley Bank

Large portions of Silicon Valley Bank's deposits and loans found buyers on Monday, which helped stabilize the shaky markets that had been shaken by concerns about a credit crunch and systemic bank stress.   The Federal Deposit Insurance Corp. received equity appreciation rights in First...
Leroy Merlin, A French Home Improvement Retailer, Will Give Management Ownership Of A Russian Company

Leroy Merlin, A French Home Improvement Retailer, Will Give Management Ownership Of A Russian Company

According to its parent firm ADEO, French home improvement retailer Leroy Merlin, which employs 45,000 people in Russia, plans to transfer ownership of its business operations there to local management.   The Mulliez family, which also owns the French grocery retailer Auchan and the...
Deutsche Bank Will Not Have The Same Fate As Credit Suisse, Assured Analysts In The Wake Of Spreading Panic

Deutsche Bank Will Not Have The Same Fate As Credit Suisse, Assured Analysts In The Wake Of Spreading Panic

As the market panicked over the viability of the European banking system, shares of Deutsche Bank fell Friday and the cost of insurance against its default rose.   Many analysts, however, were baffled as to why the bank, which has reported a profit for 10 straight quarters and has excellent...
US Legislators Quiz TikTok CEO Shou Zi Chew At Congressional Hearing

US Legislators Quiz TikTok CEO Shou Zi Chew At Congressional Hearing

U.S. legislators hammered TikTok's CEO on Thursday over suspected Chinese influence on the platform, claiming that the app's short videos were harming children's mental health, mirroring bipartisan fears about the app's sway over Americans.   CEO Shou Zi Chew's testimony before Congress did...
Deutsche Bank's Stock Is Falling As Its Cost Of Default Insurance Keeps Rising

Deutsche Bank's Stock Is Falling As Its Cost Of Default Insurance Keeps Rising

After a steep increase in the cost of insurance against default risk late the day before fueled concerns about the general health of Europe's banks, Deutsche Bank shares dropped for a third consecutive day on Friday.   So far this month the value of shares of Deutsche have gone...
OpenAI CEO Acknowledges That A Glitch Permitted Certain ChatGPT Users To View The Titles Of Other Conversations

OpenAI CEO Acknowledges That A Glitch Permitted Certain ChatGPT Users To View The Titles Of Other Conversations

Sam Altman, the CEO of OpenAI, has revealed a problem that allowed some users of the well-known AI chatbot ChatGPT to see messages from other users.   “We had a significant issue in ChatGPT due to a bug in an open source library, for which a fix has now been released and we have just...
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World

WHO Faces Major Budget Cuts: The Impact on Global Health

WHO Faces Major Budget Cuts: The Impact on Global Health
The World Health Organization (WHO) is bracing for significant financial cuts, signaling a major shift in global health governance. A proposed 21% reduction in its budget is expected to reshape its...

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread
In an unprecedented development, UK authorities have confirmed the first-ever case of bird flu (H5N1) in a sheep. The case was detected in northern England, where routine monitoring of farmed...

2024: A Year Marked By Escalating Climate Extremes

2024: A Year Marked By Escalating Climate Extremes
In 2024, the global community faced unprecedented climate challenges, with human-induced climate change significantly intensifying extreme weather events. A comprehensive analysis by World Weather...

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared
The United States has reported its first severe human case of bird flu in 2024, involving a Louisiana resident who is hospitalized in critical condition. This marks a significant shift in the ongoing...

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals
Tropical wetlands, long known for their ability to absorb vast amounts of carbon, are now emerging as a major contributor to methane emissions, significantly complicating global efforts to tackle...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...