China has announced a new plan to attract more foreign investment and improve its business environment, as it faces a slowing economy and rising tensions...
Tesla Slashes Model Y Prices in China Amid EV Competition
Tesla Inc. has announced a new round of price cuts for its Model Y electric SUVs in China, sparking concerns of a renewed price war...
Exor Acquires 15% Stake in Philips for $2.8 Billion
The Agnelli family’s investment firm Exor has announced that it has bought a 15% stake in Philips, a Dutch company that specializes in healthcare technology....
China’s Economic Slowdown Sparks Stimulus Speculation
China’s trade data for July, released on Monday, showed a weaker-than-expected performance of the world’s second-largest economy. The country’s exports grew by 19.3% year-on-year, down...
How US Inflation is Hurting American Families
The US economy is facing a serious challenge from rising inflation, which is eroding the purchasing power of consumers and squeezing their budgets. According to...
Country Garden’s debt crisis worsens as bond trading halted
Country Garden, one of China’s largest property developers, saw its shares plunge to a new record low on Monday, after it suspended trading of 11...
Netflix Faces Backlash Over Political Docuseries
Netflix, the world’s leading streaming service, is facing criticism from some of its subscribers and investors over its recent docuseries that are perceived as having...
How to Pitch an Idea to a Big Brand Without It Being Stolen
If you have a brilliant idea for a product, service, or campaign that you think a big brand would love, you might be tempted to...
Vandalism causes widespread internet and cellphone outages in Southern California
On Sunday, August 13, 2023, many residents and businesses in Victor Valley, Apple Valley and Santa Clarita experienced disruptions in their internet and cellphone services...
Citi Sells Taiwan Consumer Unit to DBS as Part of Global Strategy
Citi, one of the largest U.S. banks, announced on Monday that it has successfully completed the sale and migration of its Taiwan consumer businesses to...
China’s Stock Market Slumps as Economic Woes Mount
China’s benchmark stock index, the CSI 300, is close to erasing all of the gains it made since a key political meeting was held in...
US Banks Face Liquidity and Profitability Challenges, Moody’s Warns
The US banking sector is under pressure from multiple factors, including the withdrawal of deposits, the rise of interest rates, and the looming threat of...
Oil Prices Set to Rise Further as Global Demand Reaches Record High, IEA Warns
The International Energy Agency (IEA) has warned that global oil prices could continue to climb higher in the coming months, as the world’s oil demand...
Tapestry acquires Capri Holdings for $8.5 billion, creating a new American luxury giant
Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, has announced that it will buy Capri Holdings, the owner of Versace, Jimmy Choo,...
Is it possible for any company to be successful? A Reddit user sparks a debate
A Reddit user posted a question on the r/business subreddit, asking whether it is possible for any company to be successful. The user, who goes...
US stocks end the week on a mixed note amid inflation uncertainty
US stocks closed the week with mixed results as investors weighed the implications of the latest inflation data for the Federal Reserve’s monetary policy. The...