Merz backs EU plan to protect steel sector from Chinese imports
Germany supports proposals by the EU to increase tariffs on foreign steel as the bloc struggles with cheap imports, especially from China, Chancellor Friedrich Merz said Thursday. “These proposals are a step in the right direction,” Merz said following talks with key steel industry players in Berlin. The EU in October floated plans to double […]
Crypto giant Coinbase fined in Ireland for rule breaches
Ireland’s central bank imposed a fine of 21.5 million euros ($24.7 million) Thursday on crypto giant Coinbase over transaction monitoring failures, including some potentially linked to criminal activities. The Central Bank of Ireland said in a statement that it had fined the firm “for breaching its anti-money laundering and counter-terrorist financing transaction monitoring obligations between […]
Trump unveils deals to lower costs of some weight-loss drugs
US President Donald Trump announced deals Thursday with pharmaceutical giants Eli Lilly and Novo Nordisk to lower the prices of some popular weight-loss drugs, in exchange for relief from threatened tariffs. Both companies “have agreed to offer their most popular GLP-1 weight-loss drug,” Trump said at the White House, “at drastic discounts.” “Eli Lilly and […]
Meta and TikTok to obey Australia under-16 social media ban
Tech giants Meta and TikTok said Tuesday they will obey Australia’s under-16 social media ban but warned the landmark laws could prove difficult to enforce. Australia will from December 10 force social media platforms such as Facebook, Instagram and TikTok to remove users under the age of 16. There is keen interest in whether Australia’s […]
Asian markets swing as trades eye tech rally, US rate outlook
Asian markets fluctuated Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its next interest rate move. A flood of multi-billion-dollar investment into artificial intelligence has been a key driver of the surge in […]
Spain’s Telefonica shares drop on dividend cut, net loss
Shares in Spanish telecoms giant Telefonica fell sharply on Tuesday after it posted a net loss for the first nine months of the year and announced it would cut its dividend by half in 2026. The company booked a net loss of 1.08 billion euros ($1.2 billion) between January and September, compared with a profit […]
BP profit surges despite lower oil prices
British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices. Profit after tax jumped to $1.16 billion for the July-September period, compared with $206 million in the third quarter of 2024, BP said in an […]
Starbucks cedes China control to Boyu Capital
Starbucks has announced it will sell a controlling stake in its Chinese retail operations as it seeks to revitalise performance in a fiercely competitive market it once dominated. Hong Kong-based investment firm Boyu Capital will hold up to 60 percent of a new joint venture operating 8,000 Starbucks stores across China, under a deal which […]
Uldouz Wallace Leads Global Digital Rights Conversation at the UN
In a powerful address at the United Nations, actress, activist, and digital policy leader Uldouz Wallace took the international stage to call for urgent action on global digital safety. Speaking before leaders from the European Union, African Union, the Spotlight Initiative, and UN representatives, Wallace delivered a passionate plea for proactive, survivor-centered legislation that stops […]
Bridging Business and Humanity: How Natalia Denegri Redefined Success in the U.S.
Success is not just about fame or fortune – it’s about making a difference. Few people show that better than Natalia Denegri, an Argentine Italian entrepreneur, TV host, and philanthropist who turned her passion and determination into a platform for positive change. Based in South Florida for over a decade, Denegri has built two thriving […]