Section
Business
Meta wants competitors to share its new limits
Meta Platforms has agreed to pay up to $17.1 billion to settle claims that it designed Facebook and Instagram to addict children, while also committing…
Multiple sectors of Iran’s economy threatened by sanctions
The U.S. Treasury Department announced new sanctions targeting Iran’s gold, digital assets, aviation, shipping, and technology sectors to further restrict Tehran’s ability to finance regional…
For the leader of the Fed, ‘the honeymoon’s over’
Kevin M. Warsh, the new Federal Reserve chairman, will deliver his first major speech outlining his policy vision amid ongoing inflation and economic uncertainty. His…
The U.S. Treasury’s fix is feeble. Just look to Japan.
The U.S. Treasury Department has doubled its long-term debt buybacks to at least $28 billion over two months in an effort to contain rising interest…
Target Pulls Controversial Halloween Costume Over Blackface Concerns
Target removed a children's Halloween costume after it was criticized for resembling Blackface imagery from 19th-century minstrel shows. The incident underscores the retailer's ongoing challenges…
Treasury secretary faces credibility test
Scott Bessent, Treasury secretary under President Trump’s second term, has implemented significant government interventions in financial markets, including equity investments and sanctions related to the…
U.S. Nearing Deal for Long-Term Access to Venezuela’s Oil Reserves
The U.S. government is close to finalizing a deal granting American companies long-term access to 17 Venezuelan oilfields, including those in the Orinoco Belt and…
But comfort comes with dose of guilt, survey says
A YouGov survey for Ally Bank's report found that although many Americans continue spending on purchases that bring them happiness, 72% feel guilt when these…
AI adoption powering industrial profit growth
China’s industrial sector achieved a 17.6 percent profit increase through July 2024, led by surging gains in the electronics and high-tech industries fueled by AI…
Industry: Shift toward new growth drivers highlighted
China's industrial sector saw an 11.2 percent year-on-year profit increase in July, marking continued growth but at a slower pace for the third consecutive month…
Restrictions a disservice to US interests
A review by the Association for Advancing Automation reveals that U.S. robotics research heavily depends on Chinese components, complicating government efforts to restrict China’s role…
Tariffs may hit both US, Canada
Canada announced retaliatory tariffs ranging from 15 to 50 percent on US goods valued at about C$276 billion, set to begin on September 8, in…
China voices opposition to potential tariff
China has condemned the U.S. proposal to increase tariffs on Chinese imports by 7.5 percent, warning it will monitor the situation closely and may take…
Innovation reshapes many of local traditional industries
Xinfa Group in Liaocheng is using industrial waste heat and carbon dioxide to cultivate cherries, strawberries, and fish in greenhouses, while also implementing circular economy…
Asia-Pacific airlines weather storm of uncertainty
The Asia-Pacific aviation sector has managed to sustain passenger traffic and revenue growth over the past six months despite soaring fuel costs driven by geopolitical…
More EV charging facilities added as sector booms
China's electric vehicle charging network surged to 23.68 million points by July 2026, driven by a 41.9% annual increase in both public and private facilities.…
State Grid unveils plan to add 200 GW of wind, solar capacity annually
State Grid Corporation of China plans to increase its renewable power capacity by 200 gigawatts annually through 2030, aiming to have clean energy account for…
Unilever cuts the mustard with Colman’s sale
Unilever plans to sell its British mustard brand Colman’s to address antitrust concerns in its proposed £33 billion merger with McCormick, which owns a competing…
Lycra sees China as preferred innovation ‘playground’
The Lycra Company has identified China as its primary market and innovation hub, leveraging the country’s agile value chain to rapidly develop and launch new…
China’s NEV pioneer looks to the future
Wan Gang, honorary president of the China Association for Science and Technology, highlighted China's dominance in new energy vehicles (NEVs), with NEVs making up over…
Sports Direct tycoon blasts PM’s plan to revive High Street as ‘delusional’
Billionaire Mike Ashley condemned Prime Minister Andy Burnham’s plan to raise business rates on larger retailers, warning it would harm High Street businesses without offering…
CGT receipts soar 89% to hand £25bn to Treasury
The UK Treasury collected a record £24.2 billion in capital gains tax for 2024/2025, driven by rate increases introduced in the October 2024 Budget and…
Walmart rides Sam’s Club growth wave
Walmart China is accelerating the expansion of its Sam’s Club membership warehouse stores, opening its sixth Beijing location in Fangshan this week amid a 20.7…
Almost 1m Young Are Still Out of Work or Education
Nearly one million young people aged 16 to 24 in the UK remain not in education, employment, or training, with the NEET rate holding steady…
Jobs and degrees
The UK job market is increasingly shaped by a rising demand for remote work and the outsourcing of entry-level roles to overseas locations. This shift…
Crypto cash gains to 240 millionaires in Britain
Over 200 UK taxpayers reported capital gains exceeding £1 million from cryptocurrency in the 2024/25 tax year, with total taxable crypto gains reaching £1.38 billion…
Accounting Giant EY Warns Working From Home Is Not the Route to Success
EY plans to require more frequent in-office attendance for its junior employees as it adjusts its work model to better integrate AI. The firm believes…
Zara-owner launches UK’s first Lefties store
Inditex has opened the first UK store of its discount brand Lefties in Liverpool, with plans for two more locations this year, introducing advanced automation…
Sales slump gives Pernod an American hangover
Pernod Ricard reported a 3.9% drop in annual sales to £8.1 billion for the year ending June 30, driven by significant declines in the US…
Experts Warn of Potential AI Bubble Fueled by Circular Financing
Nvidia's shares rose after the company secured over $500 billion in financing commitments from major Wall Street firms to support customer purchases of its AI…