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Business
24 articles · Updated continuously
Business
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.
Business⚡ 6.0UK Government to Cut VAT on Household Electricity Bills Starting October
Prime Minister Andy Burnham has announced a VAT reduction on electricity bills, funded by the cancellation of a digital ID program.
Business⚡ 7.0AliExpress fined €550m by EU over illegal and unsafe goods
The European Commission has imposed a record fine on AliExpress for failing to adequately prevent the sale of counterfeit and dangerous products on its platform.
Business⚡ 8.0Andy Burnham Becomes UK Prime Minister as Markets Monitor Policy Shift
Andy Burnham has been appointed the 59th Prime Minister of the United Kingdom, succeeding Sir Keir Starmer following his resignation.
BusinessMainland Chinese immigrants play key role in Canadian property market
Mainland Chinese immigrants purchased an estimated C$5.7 billion in Canadian homes last year, remaining active despite a federal ban on foreign property buyers.
Business⚡ 6.0Ryanair Profit Falls as Fuel Costs and Middle East Conflict Impact Earnings
Ryanair reported a significant drop in quarterly profit as rising fuel costs and consumer hesitancy linked to Middle East conflict weighed on the airline's financial performance.
Business⚡ 6.0China's antitrust probe into Trip.com nears conclusion
China's market regulator is expected to announce the results of its antitrust investigation into Trip.com Group as early as this week.
BusinessThousands of parents missing out on weekly child benefit payments
Official data indicates that nearly one-third of eligible parents fail to claim child benefit before their child's first birthday, potentially losing hundreds of pounds.
Business⚡ 6.0Nobel Laureate Philippe Aghion on Europe's AI Strategy and Economic Challenges
Nobel Prize-winning economist Philippe Aghion discusses how Europe can address its AI development gap compared to the US through better research funding, venture capital, and specialized applications.
BusinessViral tiger-head bag highlights growth in China's heritage e-commerce
A surge in sales for traditional Chinese handicrafts follows a viral appearance of a tiger-head bag, reflecting a broader trend in the nation's 100 billion yuan intangible heritage market.
Business⚡ 7.0Incoming Prime Minister Burnham Faces North Sea Energy Policy Decisions
As Andy Burnham prepares to take office, his administration faces critical decisions regarding North Sea oil and gas licensing, existing field approvals, and the Energy Profits Levy.
Business⚡ 6.0US to Impose 25% Tariffs on Most Brazilian Imports
The US Trade Representative's office announced new 25% tariffs on most Brazilian goods, citing unfair trade practices and unresolved negotiations.