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.

Over 5,500 Still Missing in China and Nepal as Flood Toll Passes 1,300

More than 5,500 remain missing in China and Nepal twelve days after floods killed over 1,300, as the UN launches a $50m aid appeal.

Australia Plans Law Letting Users Switch Off Social Media Algorithms

Australians could opt out of social media algorithms under a proposed "digital duty of care" law targeting Meta, Google and TikTok, a minister said Monday.

Anak Krakatau Eruption Cancels Hundreds of Flights at Jakarta Airport

Mount Anak Krakatau's eruption disrupted hundreds of flights across Indonesia, with cancellations at Jakarta's airport stretching into Monday.

US Envoys Hold Substantive Kyiv Talks, But Russia-Ukraine Gaps Persist

US envoys Witkoff and Kushner held substantive talks with Zelenskyy in Kyiv a day after meeting Putin, but core Russia-Ukraine differences remain.

China’s Central Bank Subtly Intervenes to Prevent Rapid Yuan Appreciation

After months of attempting to stabilize a declining yuan, China's central bank now faces the challenge of preventing the currency from appreciating too rapidly....

Airlines Increasing Flights Over Afghanistan Amid Middle East Conflict

Several major airlines, including Singapore Airlines, British Airways, and Lufthansa, have significantly increased their flights over Afghanistan, deeming it a safer route amid the...

U.S. Postal Service Plans $30 Billion Savings with Operational Changes

The U.S. Postal Service (USPS) announced plans to implement a series of changes designed to save the agency an estimated $30 billion over the...

Chinese Entities Use U.S. Cloud Services to Access Advanced AI Chips and Technology

Chinese state-linked entities are leveraging cloud services provided by Amazon and other U.S. tech giants to gain access to advanced AI chips and technologies...

Fed Chair Jerome Powell to Address Economic Outlook at Jackson Hole Amid Anticipated Rate Cuts

U.S. economic indicators are paving the way for the Federal Reserve to begin cutting interest rates, with financial markets aligned for the first move....

NWSL and Players Association Abolish Draft, Introduce Full Free Agency in Historic Agreement

In a groundbreaking move for professional sports in the United States, the National Women’s Soccer League (NWSL) and the NWSL Players Association have agreed...

Walmart+ Partners with Burger King to Offer Exclusive Discounts and Free Whoppers

Walmart has unveiled a new partnership with fast-food giant Burger King, offering Walmart+ members significant savings on their favorite flame-grilled meals. Starting in September,...

Peloton Introduces $95 Activation Fee for Used Equipment as Secondary Market Grows

Peloton has announced the implementation of a one-time $95 activation fee for new subscribers who purchase its fitness equipment through secondary markets such as...

Peloton Narrowly Returns to Revenue Growth, Cuts Losses Significantly

Peloton announced a modest return to revenue growth in its fiscal fourth quarter, marking the first year-over-year sales increase in nine quarters. The connected...

FDA Approves Updated Covid Vaccines from Pfizer and Moderna Amid Summer Surge

The Food and Drug Administration (FDA) has approved updated Covid vaccines from Pfizer and Moderna, setting the stage for their distribution across the United...

Cava Raises Full-Year Outlook as Strong Traffic Boosts Earnings

Cava, the Mediterranean restaurant chain, has significantly raised its full-year outlook following a robust fiscal second quarter, where strong restaurant traffic fueled better-than-expected earnings...

Walmart Sells Entire Stake in JD.com to Focus on China Operations and Sam’s Club

Walmart, the largest shareholder of Chinese e-commerce giant JD.com, has sold its entire stake in the company, according to a source familiar with the...

Google Faces Revived Lawsuit Over Chrome Data Collection Without User Consent

A U.S. appeals court has ruled that Google must face a revived lawsuit brought by Google Chrome users who allege that the company collected...

Federal Judge Blocks FTC Ban on Noncompete Agreements from Taking Effect

A federal judge in Texas has blocked a U.S. Federal Trade Commission (FTC) rule that sought to ban noncompete agreements, which are commonly signed...

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