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Business
24 articles · Updated continuously
Business
Business⚡ 6.0Investors and Analysts Assess Financial Risks Facing AI Industry
AI companies face scrutiny over infrastructure costs, circular funding concerns, and growing regulatory and cultural opposition to data center expansion.
BusinessMidea Reports Surge in European Air Conditioner Demand Amid Heatwaves
Chinese manufacturer Midea has seen a spike in European orders for its air conditioning units as heatwaves continue across the continent.
BusinessEU Adopts New Charter to Accelerate Corporate Access to Research Facilities
The European Commission has launched a new charter aimed at simplifying and speeding up the process for companies to utilize European research and innovation facilities.
Business⚡ 6.0German Agriculture Faces Challenges from Extreme Weather and Heat Waves
Extreme heat and drought are impacting German crop yields, prompting farmers to adopt new breeding techniques, irrigation strategies, and crop diversification to adapt to a changing climate.
BusinessPop Mart Opens New Store and Bakery on Singapore’s Sentosa Island
Chinese toymaker Pop Mart has launched a new two-floor retail space in Singapore, featuring its first overseas Pop Bakery as part of a broader international expansion strategy.
Business⚡ 8.0US Intercepts Iranian Attack on Military Bases
The US military intercepted an attack by Iran on bases, breaking a period of relative calm in the region.
Business⚡ 8.0Iran Launches Ballistic Missile Attack on U.S. Forces in Middle East
U.S. Central Command reported that Iran launched multiple ballistic missiles at U.S. forces, while U.S. and Saudi forces conducted retaliatory strikes in Iraq.
Business⚡ 7.0EBay Agrees to $56 Million Settlement Over Harassment Campaign
eBay and former executives will pay $56 million to a couple targeted by a harassment campaign in 2019 following their critical reporting on the company.
Business⚡ 7.0Strait of Hormuz Shipping
The Strait of Hormuz has become a dangerous waterway due to Iran's attacks on shipping vessels, yet some ships still transit the strait.
BusinessSwire Properties Expands Tenant Sustainability Partnerships
Swire Properties is deepening its collaboration with tenants to meet sustainability goals, reporting significant waste and energy savings across its Hong Kong and Chinese Mainland portfolios.
Business⚡ 6.0England to Introduce Technical Subjects for Pupils Starting at Age 14
Prime Minister Andy Burnham has announced reforms to integrate technical and vocational training into the secondary school curriculum for students in England starting at age 14.
BusinessSingaporean investors emerge as top non-local buyers of Hong Kong office assets
Singapore-based investors accounted for 62 percent of non-local commercial property investment in Hong Kong during the second quarter, according to Colliers.
BusinessCracker Barrel CEO Julie Masino to Step Down Following Rebrand Controversy
Cracker Barrel CEO Julie Masino is resigning after a controversial rebrand, with former Bloomin' Brands boss David Deno set to take over the restaurant chain.
Business⚡ 8.0Trump Administration Implements New Global Tariff Regime
President Trump has introduced new tariffs on 60 trading partners, ranging from 10% to 12.5%, citing forced labor practices under Section 301 of the Trade Act.
Business⚡ 8.0Wildfires in France and Spain Force Over 300,000 Evacuations
Massive wildfires in France and Spain have led to one of the largest evacuations in French history as leaders prepare for emergency meetings.
Business⚡ 7.0UOB Expands Customer Base
UOB acquired Citigroup's consumer banking businesses in four Asean markets, doubling its customer base to over 8.5 million.
BusinessSurvey Reveals Preference for Guaranteed Cash Over Risk of Higher Reward
A YouGov survey found that most people prefer a guaranteed £50,000 over a 50/50 chance to win £1 million.
BusinessMainland Chinese Firms Maintain Interest in US IPOs Despite Regulatory Hurdles
Despite a sharp decline in US listings, over 50 mainland Chinese companies are currently seeking approval to launch share sales in the American market.
Business⚡ 6.0Italy Faces Rising Fuel Costs as Government Weighs Excise Duty Adjustments
Fuel prices in Italy have reached record highs in some areas, prompting government discussions on potential excise duty cuts and criticism from opposition leaders.
BusinessCocoa Prices Ease, But Chocolate Costs Remain High
Despite a drop in cocoa commodity prices, major chocolate makers are maintaining high prices while pivoting to social media trends and premium products to recover lost consumer demand.
BusinessPrimark Lowers Prices on Core Items Amid Rising Retail Competition
Primark is reducing prices on hundreds of clothing items to compete with online retailers like Shein and Temu.
Business⚡ 8.0Russian Attack Cuts Power in Chernihiv as Ukraine Strikes Logistics and Missile Facilities
A Russian strike in northern Ukraine left 150,000 without power, while Ukraine targeted Russian military logistics and missile component facilities.
BusinessChina's AI sector shifts focus to 'supernode' computing technology
Chinese chipmakers are prioritizing supernode technology to link thousands of chips into unified supercomputers as AI models grow in complexity.