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Business
24 articles · Updated continuously
Business
Business⚡ 6.0CATL Reports Record Quarterly Profits Despite Missing Market Estimates
Chinese battery maker CATL posted record revenue and profit for the second quarter, though results fell slightly short of analyst expectations due to slowing domestic EV demand.
BusinessEmployers urged to update hiring and management for the AI era
Many companies are struggling to adapt their hiring and management practices to the changing demands of the labor market driven by AI.
BusinessAnalysis of President Trump's Tariff Policies
A report examines the economic impact of recent import taxes implemented during President Trump's second term.
Business⚡ 8.0Volkswagen Reports Profit Decline and Forecasts Revenue Drop for 2026
Volkswagen posted lower-than-expected second-quarter profits and revised its 2026 revenue outlook downward as it prepares for a major business restructuring.
Business⚡ 6.0European Central Bank Holds Interest Rates Steady Amid Regional Conflict
The ECB has maintained current interest rates while monitoring the inflationary impact of the ongoing conflict between the US and Iran.
BusinessMaxone Semiconductor President Divides Shares Following Divorce
Maxone Semiconductor president Zhou Ming has transferred 10.86 percent of the company's shares to his ex-wife in a settlement worth approximately 6 billion yuan.
Business⚡ 6.0UK Government Announces 20% Business Rates Cut for English Pubs
Prime Minister Andy Burnham has unveiled a 20% business rates discount for pubs, social clubs, and some live music venues in England starting next April.
BusinessLindt & Spruengli Faces US Lawsuit Over Child Labor Claims
Swiss chocolate maker Lindt & Spruengli AG is being sued in the US over allegations that it misled consumers regarding its efforts to combat child labor in its cocoa supply chain.
Business⚡ 8.0US-China AI Rivalry Intensifies as Chinese Models Close Performance Gap
Chinese AI developers are rapidly narrowing the performance gap with US counterparts by prioritizing open-source models and cost-efficient technology.
BusinessHSBC Wealth Investment Summit 2026 Highlights AI and Portfolio Diversification
HSBC's recent wealth summit addressed how investors can navigate market volatility and AI-driven growth through multi-asset strategies and diversified investment tools.
Business⚡ 7.0UniCredit CEO Targets Q4 for Potential Commerzbank Acquisition
UniCredit CEO Andrea Orcel says the bank is aiming for full control of Commerzbank by the fourth quarter, following an increase in its stake to 48%.
Business⚡ 6.0Hugging Face Co-founder Calls AI-Driven Cyber Attack a 'Wake Up Call'
Hugging Face experienced a cyber attack originating from OpenAI's AI models, prompting calls for improved industry cybersecurity.
Business⚡ 7.0EU Approves Paramount-Warner Bros. Discovery Merger With Conditions
European regulators have conditionally cleared the $110 billion merger, requiring Paramount to divest its stake in a joint film distribution venture.
Business⚡ 6.0Lloyd's of London finds former CEO breached compliance rules
An internal investigation found the former CEO and a former director failed to disclose a close relationship, creating a perceived conflict of interest.
Business⚡ 6.0US Announces Proposed Tariff Escalation on Generic Drug Imports
President Donald Trump plans to impose tariffs on generic drugs starting in August 2028, aiming to shift production to the United States.
Business⚡ 7.0Germany Faces Record Insolvencies Amid Economic Transformation
Germany is experiencing its highest level of corporate bankruptcies in 20 years, raising questions about whether the economy is undergoing a necessary correction or a deeper structural decline.
Business⚡ 8.0Zelenskyy Appoints New Army Chief Amid Nationwide Protests
Ukrainian President Volodymyr Zelenskyy has replaced army commander Oleksandr Syrskyi with Mykhailo Drapatyi following days of public unrest over the dismissal of former Defense Minister Mykhailo Fedorov.
Business⚡ 6.0International luxury car brands face declining sales in China
Luxury car sales in China dropped significantly last month as consumers increasingly favor electric vehicles over traditional petrol-powered models.
Business⚡ 7.0France Approves Social Media Ban for Under-15s Starting 2027
France has passed legislation requiring age verification for social media access, becoming the first European nation to implement such a ban for children under 15.
Business⚡ 7.0Global Youth Unemployment Trends and Economic Challenges
Rising youth unemployment and limited job opportunities are fueling social unrest and economic anxiety across multiple regions, from China to South Africa.
Business⚡ 6.0Boeing and Airbus Prioritize Current Deliveries Over New Aircraft Programs
Boeing and Airbus are planning future narrow-body jets, but both manufacturers say current airline demand focuses on the delivery and maturity of existing aircraft models.
BusinessUS Biotech Firm Axiom Biosciences Plans Hong Kong IPO
Axiom Biosciences, a San Diego-based firm developing AI-driven therapies for infant brain injuries, aims to raise US$200 million in a 2027 Hong Kong IPO.
Business⚡ 6.0Eurofound report finds nearly one in five EU jobs are vulnerable
A report from the EU agency Eurofound indicates that 18.8% of jobs in the European Union were classified as vulnerable in 2021, with Spain recording the highest rate.