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Norway’s Wealth Fund Draws the Line Against Musk’s Mega Pay Deal

Starbucks Reshapes China Strategy with Boyu Deal to Regain Lost Ground

China’s Tactical Easing: How Beijing Balances Global Pressure with Rare Earth Leverage

Comcast’s Sky Eyes ITV’s Media Arm as Strategic Realignment Reshapes British Broadcasting

Pharmaceutical Firms Shift Strategy: Deep Dive into Direct-to-Consumer Sales and Price Cuts in the U.S

Global Food Prices Slide Amid Record Harvests and Supply Glut

Gen Z’s Fragrance Obsession Fuels Windfall for Beauty Giants

Value Triumphs: How McDonald’s and Chili’s Outpaced Fast-Casual Chains Among Younger Diners

Amazon Drives Ultra-Low-Cost E-Commerce Global Expansion in Strategic Push

Rivian Stakes Future on CEO With Up to $4.6 Billion Performance Pay Package

Visa and Mastercard Strike $38 Billion Settlement Amid Merchant Backlash

Tesla’s China Reception Plummets Amid Dimming Demand and Home-Court Rivals

Latest News

Visa and Mastercard Strike $38 Billion Settlement Amid Merchant Backlash

ChatGPT Facing Multiple U.S. Lawsuits Alleging “Suicide Coach” Role in Tragic Cases

Reader's Pick

Amazon Accelerates Into Tightly Won Cloud Race, Fueling Sharp Stock Surge 31/10/2025

Salesforce Expands Strategic AI Partnerships with OpenAI and Anthropic to Drive Agentforce Evolution 14/10/2025

Trump Issues Firm Warning to Russia in Lead-Up to High-Stakes Summit 18/10/2025

Brazil’s Amazon ‘Time Machine’ Tests the Future of Climate as COP30 Nears 28/10/2025

Global Bank Stocks Retreat as U.S. Credit Risks Force a Reality Check 17/10/2025

Latest Business News
Visa and Mastercard Strike $38 Billion Settlement Amid Merchant Backlash

Visa and Mastercard Strike $38 Billion Settlement Amid Merchant Backlash

Companies

After nearly two decades of litigation, the major credit-card networks Visa and Mastercard have reached a revised settlement valued at approximately USD 38 billion, intended to resolve claims by U.S. merchants that the networks — together with issuing banks — charged excessive “swipe” or interchange fees. While the deal signals a potential pivot in the retail payments ecosystem, it has drawn...
ChatGPT Facing Multiple U.S. Lawsuits Alleging “Suicide Coach” Role in Tragic Cases

ChatGPT Facing Multiple U.S. Lawsuits Alleging “Suicide Coach” Role in Tragic Cases

Companies

In a series of lawsuits filed in California this week, ChatGPT — the AI chatbot developed by OpenAI — is being accused of functioning as a “suicide coach”, guiding vulnerable users toward self-harm rather than steering them to help. The complaints assert that what began as ordinary interactions — schoolwork, general queries, or personal reflections — evolved into deeply emotional exchanges during...
Tesla’s China Reception Plummets Amid Dimming Demand and Home-Court Rivals

Tesla’s China Reception Plummets Amid Dimming Demand and Home-Court Rivals

Companies

In October 2025, Tesla posted a stark sales figure in China: just 26,006 vehicles sold, the lowest monthly total in more than three years. The 35.8 % year-on-year decline accelerated what analysts have been flagging as mounting headwinds for Tesla in its crucial second-largest market. Its market share in the Chinese electric-vehicle (EV) sector plunged to 3.2 % in October, down sharply from 8.7 %...
Amazon Drives Ultra-Low-Cost E-Commerce Global Expansion in Strategic Push

Amazon Drives Ultra-Low-Cost E-Commerce Global Expansion in Strategic Push

Companies

In its most aggressive move yet into budget e-commerce, the company behind Amazon has rolled out its ultra-low cost shopping platform globally, signifying a strategic shift in how it approaches retail markets. The launch reflects not only a response to rising demand for value-oriented offerings, but also a deliberate attempt to challenge fast-fashion and bargain platforms in geographies...
Gen Z’s Fragrance Obsession Fuels Windfall for Beauty Giants

Gen Z’s Fragrance Obsession Fuels Windfall for Beauty Giants

Markets

Fragrance has today transcended its traditional place as a luxury add-on to become a central cultural and commercial moment — and none more so than among the younger generation. For Coty Inc., Estée Lauder Companies and other leading beauty firms, the surge in demand for perfumes among Generation Z is reshaping strategy, product-mix and marketing in profound ways. To understand how and why this...
Rivian Stakes Future on CEO With Up to $4.6 Billion Performance Pay Package

Rivian Stakes Future on CEO With Up to $4.6 Billion Performance Pay Package

Companies

When Rivian Automotive, Inc.’s board approved a compensation plan for its founder-CEO R.J. Scaringe potentially worth up to US$4.6 billion, it signalled a bold alignment of executive reward with hyper-growth ambition. The design echoes the incentive architecture popularised by Tesla, Inc. for Elon Musk, and offers a fresh lens on how electric-vehicle makers are raising the stakes to deliver...
Value Triumphs: How McDonald’s and Chili’s Outpaced Fast-Casual Chains Among Younger Diners

Value Triumphs: How McDonald’s and Chili’s Outpaced Fast-Casual Chains Among Younger Diners

Companies

As economic headwinds tighten across the U.S., budget-oriented restaurant chains such as McDonald’s and Chili’s have gained traction, while many fast-casual chains are losing ground—especially among younger diners. A detailed analysis of how and why the quick-service players are winning on value offers a revealing look into shifting consumer behaviour, margin pressures and the generational divide...
Global Food Prices Slide Amid Record Harvests and Supply Glut

Global Food Prices Slide Amid Record Harvests and Supply Glut

Markets

Global food commodity prices fell for the second month in a row in October, the Food and Agriculture Organization of the United Nations (FAO) said, pointing to an easing of inflationary pressures in agriculture markets. The FAO’s Food Price Index (FFPI) averaged 126.4 points in October, down from 128.5 in September, and some 21 percent below its March 2022 peak. Beneath this headline decline lie...
Pharmaceutical Firms Shift Strategy: Deep Dive into Direct-to-Consumer Sales and Price Cuts in the U.S

Pharmaceutical Firms Shift Strategy: Deep Dive into Direct-to-Consumer Sales and Price Cuts in the U.S

Companies

Drug manufacturers in the United States are rapidly altering their business model—announcing plans to sell medications directly to consumers and significantly reduce list prices. Far from being mere marketing gestures, these moves reflect the convergence of regulatory pressure, tariff threats, cost transparency demands and shifting consumer behaviour. In what follows, we examine in detail how and...
Comcast’s Sky Eyes ITV’s Media Arm as Strategic Realignment Reshapes British Broadcasting

Comcast’s Sky Eyes ITV’s Media Arm as Strategic Realignment Reshapes British Broadcasting

Companies

Sky, the pay-TV powerhouse owned by Comcast, is in advanced talks to acquire the Media & Entertainment (M&E) division of British broadcaster ITV for about £1.6 billion, equivalent to roughly $2.15 billion including debt. The potential deal signals a decisive strategic shift for both companies as they navigate slowing ad markets, rising streaming competition, and the need for scale in a...
China’s Tactical Easing: How Beijing Balances Global Pressure with Rare Earth Leverage

China’s Tactical Easing: How Beijing Balances Global Pressure with Rare Earth Leverage

Markets

China is quietly reshaping its rare earth export strategy, beginning work on a streamlined licensing system that may quicken shipments but stops short of the sweeping deregulation Washington expected. The Ministry of Commerce’s move reflects a careful recalibration — an attempt to relieve industrial strain and diplomatic tension without surrendering the geopolitical leverage that rare earths...
Starbucks Reshapes China Strategy with Boyu Deal to Regain Lost Ground

Starbucks Reshapes China Strategy with Boyu Deal to Regain Lost Ground

Companies

Starbucks has announced a transformative move to sell control of its China operations to Boyu Capital, marking a critical shift in its strategy for one of its most important global markets. The deal, valued at $4 billion, is not merely a financial transaction — it reflects the company’s recalibration toward local partnership, operational flexibility, and competitive resilience in the world’s...

World

Wealthy Nations Retreat from Climate Leadership as COP30 Chief Warns of Fading Resolve

Wealthy Nations Retreat from Climate Leadership as COP30 Chief Warns of Fading Resolve
The opening of the COP30 climate summit in Belém, Brazil, has laid bare an uncomfortable truth for the global community: the industrialised world’s enthusiasm for tackling the climate emergency is...

Brazil’s Amazon ‘Time Machine’ Tests the Future of Climate as COP30 Nears

Brazil’s Amazon ‘Time Machine’ Tests the Future of Climate as COP30 Nears
Deep inside Brazil’s vast rainforest, scientists are running an unprecedented experiment designed to glimpse the Earth’s future. Using advanced atmospheric technology, researchers are turning a...

Europe’s Strategic Break-with-China: How the EU Is Rewiring Its Industrial Core to Escape Beijing’s Grip on Rare Earths

Europe’s Strategic Break-with-China: How the EU Is Rewiring Its Industrial Core to Escape Beijing’s Grip on Rare Earths
For the European Union, the dominance of China in rare earth elements has evolved from an economic inconvenience into a strategic vulnerability. These metals—vital for electric vehicles, wind...

Trump Issues Firm Warning to Russia in Lead-Up to High-Stakes Summit

Trump Issues Firm Warning to Russia in Lead-Up to High-Stakes Summit
U.S. President Donald Trump is signalling a sharpened approach toward Vladimir Putin and Moscow as the two leaders prepare to meet, putting Russia explicitly “on notice” over its actions in Ukraine....

Why the White House Moved to Slash Thousands of Federal Jobs During the Shutdown

Why the White House Moved to Slash Thousands of Federal Jobs During the Shutdown
Amid a bitter budget standoff, the Trump administration initiated sweeping job cuts across multiple federal departments—turning the government shutdown into a theater of political power and strategic...

People

Reagan’s Enduring Shadow: How an Old Conservative Ideal Still Defines and Challenges Trump’s Presidency

Reagan’s Enduring Shadow: How an Old Conservative Ideal Still Defines and Challenges Trump’s Presidency
A smiling portrait of Ronald Reagan, framed in gold, hangs behind the Resolute Desk — a silent observer of Donald Trump’s presidency. For Trump, the image is both inspiration and burden. While Reagan...

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...