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Novo Nordisk Trims Production Roles at U.S. Plant Amid Restructuring Wave

IKEA’s Bold Move: Acquiring Locus to Reengineer Its U.S. Growth StrategyIKEA’s recent acquisition of U.S.-based logistics technology firm Locus marks a strategic turning point in how the furniture giant plans to scale its U.S. operations. Rather than

Reader's Pick

Epstein “Birthday Book” Release Puts Focus on Trump: Legal, Political and Electoral Fallout 09/09/2025

EU Pushes Reparations Strategy to Make Russia Pay for Ukraine’s War Costs 10/09/2025

South Korean Workers Recount Ordeal After U.S. Immigration Raid on Hyundai Plant 13/09/2025

U.S.–Japan Trade Pact Stalls as Tokyo Awaits Tariff Clarity on Pharma and Chips, Reflecting Deep Strategic Disagreements 08/09/2025

US Pushes Europe to Lead Tariff Crackdown on China over Russian Oil While Own Trade Flows Persist 16/09/2025

Latest Business News
Novo Nordisk Trims Production Roles at U.S. Plant Amid Restructuring Wave

Novo Nordisk Trims Production Roles at U.S. Plant Amid Restructuring Wave

Companies

In a striking move that underlines the depth of its global restructuring, Novo Nordisk has initiated job cuts on the production lines at its major U.S. facility in Clayton, North Carolina. Though modest when viewed against the company’s broader plan to slash 9,000 positions worldwide, these reductions send a potent signal: even frontline manufacturing roles are not immune from cost discipline...
IKEA’s Bold Move: Acquiring Locus to Reengineer Its U.S. Growth StrategyIKEA’s recent acquisition of U.S.-based logistics technology firm Locus marks a strategic turning point in how the furniture giant plans to scale its U.S. operations. Rather than

IKEA’s Bold Move: Acquiring Locus to Reengineer Its U.S. Growth StrategyIKEA’s recent acquisition of U.S.-based logistics technology firm Locus marks a strategic turning point in how the furniture giant plans to scale its U.S. operations. Rather than

Companies

IKEA’s recent acquisition of U.S.-based logistics technology firm Locus marks a strategic turning point in how the furniture giant plans to scale its U.S. operations. Rather than simply treating the deal as a delivery upgrade, the move underscores a broader recalibration of IKEA’s ambitions in America—one driven by rising competition, tariff pressures, and the shifting dynamics of online retail....
US Dollar Under Pressure: PGIM Exec Warns of Risk If Trump Pulls Fed Leftward

US Dollar Under Pressure: PGIM Exec Warns of Risk If Trump Pulls Fed Leftward

Markets

A senior executive at PGIM Fixed Income has raised alarms that the U.S. dollar faces significant downside risk if President Donald Trump succeeds in pushing the Federal Reserve toward a more dovish monetary stance. As public criticism of the Fed intensifies and Trump seeks to influence its leadership, concerns are mounting that political interference could lead to an easing bias—potentially...
Videogame Company EA Eyes $50 Billion Move to Go Private, Backed by Major Investors

Videogame Company EA Eyes $50 Billion Move to Go Private, Backed by Major Investors

Companies

Electronic Arts (EA), the gaming giant behind franchises like “Battlefield,” “Madden/NFL,” “The Sims,” and “FC,” is deep in negotiations to convert from a publicly traded company into a private one—at a valuation hovering near $50 billion. According to people familiar with the matter and multiple industry reports, a consortium including tech-focused private equity players and sovereign investors...
EU Set to Levy First Digital Markets Act Fine on Google as Enforcement Kicks In

EU Set to Levy First Digital Markets Act Fine on Google as Enforcement Kicks In

Companies

The European Commission is preparing to issue the first major antitrust penalty under the Digital Markets Act (DMA) against Google, marking a new era in regulatory oversight for big tech. Sources familiar with the process say the decision is in its final draft stages and could be announced in the coming months. The case stems from allegations that Google has favored its own vertical search...
Trump Greenlights TikTok Sale, Values U.S. Operations at $14 Billion

Trump Greenlights TikTok Sale, Values U.S. Operations at $14 Billion

Companies

President Donald Trump on Thursday signed an executive order declaring that the proposed divestiture of TikTok’s U.S. operations meets the national security conditions imposed by a 2024 law. The order signals major progress in a high-stakes effort to decouple the app from its Chinese parent company, ByteDance, while allowing it to continue operating in America. Vice President J.D. Vance announced...
Barclays Warns Nature Loss Could Slash Mining Earnings by 25 Percent

Barclays Warns Nature Loss Could Slash Mining Earnings by 25 Percent

Markets

Barclays Bank has released research showing that mining companies in Europe could suffer earnings losses of up to 25 percent over five years because of damage to nature, while power sector firms face smaller but still meaningful declines. The warning emerges from a novel stress-test that puts nature-related risks—such as environmental degradation, regulatory tightening, and extreme weather—at the...
BYD Pulls Ahead of Tesla in Europe as Strategy and Scale Pay Off

BYD Pulls Ahead of Tesla in Europe as Strategy and Scale Pay Off

Companies

Chinese electric vehicle maker BYD has overtaken Tesla in the European Union for successive months, signaling a shift in the EV landscape built on local production, pricing strategy, and product mix. Experts point to BYD’s aggressive expansion, use of hybrids, and tariff mitigation efforts as core reasons behind its rising success, while Tesla faces headwinds from shrinking demand, fewer new...
Amazon Steps Back from UK Grocery Stores After Strategy Misfire

Amazon Steps Back from UK Grocery Stores After Strategy Misfire

Companies

Amazon is pulling back its physical grocery store experiment in the UK after several years of expansion and innovation that failed to deliver the results it expected. The company has announced it will close all 19 of its Amazon Fresh stores in Britain, converting five into Whole Foods locations, and shift its emphasis toward online delivery, partnerships, and premium formats. The move exposes the...
Starbucks Rolls Out Strategic Restructuring to Revive Growth and Cut Costs

Starbucks Rolls Out Strategic Restructuring to Revive Growth and Cut Costs

Companies

Starbucks has launched a sweeping restructuring effort aimed at tightening operations, closing underperforming stores, reducing corporate overhead, and refocusing resources toward improving in-store experience. Under CEO Brian Niccol, the coffee giant is executing a plan designed to both stem falling U.S. sales and better compete in growth markets abroad. The strategy reflects a new phase in...
TikTok’s Data Footprint on Children: How Sensitive Information Was Allegedly Collected in Canada and Why It Matters

TikTok’s Data Footprint on Children: How Sensitive Information Was Allegedly Collected in Canada and Why It Matters

Companies

TikTok is facing intensified scrutiny in Canada after a joint investigation by federal and provincial privacy authorities found the platform collected and used sensitive information from large numbers of children, even though the service states it is not intended for users under 13. Regulators concluded that age-assurance systems and privacy safeguards were insufficient and that the company’s...
Micron’s Revenue Upswing: AI-Fueled HBM Demand, Pricing Power and Capacity Strategy Explained

Micron’s Revenue Upswing: AI-Fueled HBM Demand, Pricing Power and Capacity Strategy Explained

Companies

Micron Technology’s guidance for the coming quarter — a revenue forecast well above Wall Street consensus — reflects more than a momentary beat: it signals a structural shift in demand dynamics driven by the rapid expansion of artificial intelligence workloads and the premium memory those systems require. Company executives attribute the stronger outlook to a confluence of factors that together...

World

US Pushes Europe to Lead Tariff Crackdown on China over Russian Oil While Own Trade Flows Persist

US Pushes Europe to Lead Tariff Crackdown on China over Russian Oil While Own Trade Flows Persist
Washington has insisted that European nations impose steep secondary tariffs on China (and India) over their purchases of Russian oil—demanding Europe take the first step before the U.S. presses...

EU Pushes Reparations Strategy to Make Russia Pay for Ukraine’s War Costs

EU Pushes Reparations Strategy to Make Russia Pay for Ukraine’s War Costs
European leaders are moving closer to an unprecedented financial move: channeling proceeds from frozen Russian assets into a reparations loan for Ukraine. The initiative, spearheaded by the European...

Epstein “Birthday Book” Release Puts Focus on Trump: Legal, Political and Electoral Fallout

Epstein “Birthday Book” Release Puts Focus on Trump: Legal, Political and Electoral Fallout
Congressional disclosure of materials from Jeffrey Epstein’s estate has put a disputed 2003 “birthday book” squarely into the political spotlight. The book, turned over to the House Oversight...

China’s Xi’s blueprint for a multipolar era: markets, institutions and a China-led remit

China’s Xi’s blueprint for a multipolar era: markets, institutions and a China-led remit
Chinese President Xi Jinping used a high-profile summit of the Shanghai Cooperation Organisation to set out an expansive vision for a reshaped global order — one that leans on regional institutions,...

Economic Necessity and Geopolitical Hedging: Why India and China Are Reopening Skies and Trade

Economic Necessity and Geopolitical Hedging: Why India and China Are Reopening Skies and Trade
India and China’s agreement to resume direct flights and expand trade and investment marks a pragmatic thaw between two wary neighbours — a move shaped as much by regional border diplomacy as by a...

People

South Korean Workers Recount Ordeal After U.S. Immigration Raid on Hyundai Plant

South Korean Workers Recount Ordeal After U.S. Immigration Raid on Hyundai Plant
South Korean workers caught in the sweeping U.S. immigration raid at a Hyundai-LG battery plant in Georgia have described in vivid detail the fear, humiliation, and uncertainty they endured. Their...

Federal Judge Likely to Stand Guard Over Fed’s Independence in Cook Dispute

Federal Judge Likely to Stand Guard Over Fed’s Independence in Cook Dispute
The legal and political battle over President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook is moving into a Washington courtroom, where a federal judge is preparing to hear...

When Allies Turned Adversaries: The Dramatic Implosion of the Trump–Musk Alliance

When Allies Turned Adversaries: The Dramatic Implosion of the Trump–Musk Alliance
The alliance between former President Donald Trump and tech magnate Elon Musk—once hailed as an unlikely marriage of populist politics and Silicon Valley ambition—crumbled in a matter of days this...

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...