Business

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

Hawaii Declares Emergency as Hurricane Lowell Nears Kauai and Niihau

Hawaii declared a state of emergency on Sunday as Category 3 Hurricane Lowell neared Kauai and Niihau, prompting a tropical storm warning and flooding fear

Fireworks Blast at Mexico Church Festival Kills 10, Injures 64

A fireworks explosion at a patron saint festival in Temascalcingo, central Mexico, killed at least 10 people and injured 64 on Saturday night.

NFL Extends Roger Goodell Through 2030 in Performance-Heavy Contract Deal

NFL commissioner Roger Goodell agreed to a four-year contract extension running through the 2030 season, with over 95% of pay tied to performance.

US Energy Secretary Wright Warns No Iran Nuclear Deal May Emerge

US Energy Secretary Chris Wright said on Sunday there may not be a nuclear agreement with Iran, as talks stall and military action continues.

DirecTV and Disney Carriage Dispute Threatens NFL Monday Night Football for Millions of Viewers

Millions of DirecTV customers may miss the NFL's opening Monday Night Football game on ESPN as a deal with Disney, which owns ESPN, remains...

Beijing Times Clarifies Independence: No Ties to the Chinese Government, Ending Global Political Coverage

In light of recent events and concerns, Beijing Times has made the decision to discontinue all political coverage across the globe. This change reflects...

China’s Central Bank Pauses Gold Purchases for Fourth Consecutive Month Amid Rising Prices

China's central bank, the People’s Bank of China (PBOC), has paused its gold purchases for the fourth consecutive month in August, according to official...

Goldman Sachs Adjusts OPEC+ Oil Production Forecast, Maintains Brent Crude Price Range

Goldman Sachs has revised its outlook for OPEC+ oil production, now expecting production increases to begin in December instead of the originally anticipated October...

DOJ to Propose Remedies for Google’s Search Monopoly by December, Addressing AI Integration

The U.S. Department of Justice (DOJ) announced plans to issue a detailed outline by December regarding actions Google must take to restore competition in...

U.S. Congressman Opposes Bill Restricting Business with Chinese Biotech Companies

Rep. Jim McGovern, a prominent Democratic congressman from Massachusetts, announced on Friday that he will vote against a bill aimed at restricting business with...

Japan Expresses Concerns Over Possible U.S. Block of Nippon Steel’s Bid for U.S. Steel

A leading candidate to become Japan's next prime minister has voiced concerns over reports that the U.S. may block Nippon Steel's $15 billion acquisition...

U.S. Markets Volatile as Economic Uncertainty and Fed Policy Weigh on Investors

Uncertainty over the health of the U.S. economy is contributing to heightened volatility in financial markets, as investors navigate slowing labor market data and...

U.S. Federal Energy Commission Approves BlackRock’s $12.5 Billion Deal for Global Infrastructure Partners

The U.S. Federal Energy Regulatory Commission (FERC) on Friday gave the green light to BlackRock’s $12.5 billion acquisition of Global Infrastructure Partners (GIP), a...

Federal Reserve Signals Rate Cuts Amid Slowing Labor Market

Federal Reserve officials have signaled that they are prepared to initiate a series of interest rate cuts, with the first likely to be a...

Social Media Platform X Recovers from Short Outage Affecting Thousands of Users

Social media platform X experienced a brief outage on Saturday, leaving thousands of users unable to access the site. The disruption lasted less than...

Stellantis Recalls 1.46 Million Vehicles Worldwide Over Brake System Software Issue

Chrysler’s parent company, Stellantis, announced the recall of 1.46 million vehicles worldwide on Saturday due to a software malfunction affecting the anti-lock brake system...

Europe’s Auto Industry Faces €15 Billion in Fines Due to Slow EV Adoption, Warns Renault CEO

Europe’s automotive industry is at risk of facing up to €15 billion ($17.4 billion) in fines due to sluggish demand for electric vehicles (EVs),...

Janet Yellen Hints at Departure After Biden’s Term, Stresses U.S.-China Relations and Economic Stability

U.S. Treasury Secretary Janet Yellen, 78, has indicated that she is likely to step down from government service after President Joe Biden's term ends...

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