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.

California Governor Signs 10 Bills to Combat Retail Crime and Organized Theft

California Governor Gavin Newsom has signed into law a package of 10 new bills designed to combat rising retail crime in the state. Announced...

General Motors Lays Off Over 1,000 Employees in Software Division Amid Operational Streamlining

General Motors (GM) is laying off more than 1,000 salaried employees globally within its Software and Services division as part of a strategic effort...

Boeing Pauses 777X Flight Tests Due to Structural Damage Discovery

Boeing announced on Monday that it has temporarily halted flight tests of its 777X aircraft after discovering structural damage in one of the wide-body...

Alaska Airlines and Hawaiian Airlines Merger Clears U.S. Justice Department Hurdle

Alaska Airlines announced that its $1.9 billion merger with Hawaiian Airlines has passed a significant regulatory hurdle, as the U.S. Justice Department's antitrust review...

Lowe’s Lowers Full-Year Forecast Amid Declining Sales and Consumer Hesitancy

Lowe’s has revised its full-year forecast downward after reporting a decline in quarterly sales, citing concerns about weaker home improvement spending for the remainder...

Eli Lilly’s Weight Loss Drug Tirzepatide Significantly Reduces Type 2 Diabetes Risk

Eli Lilly’s weight loss drug tirzepatide, the active ingredient in Zepbound and Mounjaro, has shown remarkable effectiveness in reducing the risk of developing Type...

GMC Aims to Lead U.S. Electric Truck Sales with New Sierra EV Launch

General Motors' premium brand, GMC, is making a bold move to dominate the U.S. electric truck market with the launch of its new electric...

Mynaric Slashes Revenue Forecast and CFO Departs Amid Production Challenges

Space technology company Mynaric experienced a sharp decline in its stock value after announcing significant cuts to its 2024 revenue forecast and the departure...

Beyoncé Launches SirDavis Whiskey Line in Collaboration with LVMH’s Moët Hennessy

Beyoncé is making waves in the luxury spirits industry with the launch of her new whiskey line, SirDavis, in collaboration with LVMH’s Moët Hennessy....

Harley-Davidson Scales Back Diversity, Equity, and Inclusion Efforts Amid Social Media Backlash

Harley-Davidson announced a significant shift in its corporate policy, stating that it is scaling back its diversity, equity, and inclusion (DEI) initiatives. In a...

Shein Sues Rival Temu for Alleged Design Theft and Counterfeiting

Shein, the fast-fashion giant, has filed a lawsuit against its rival, Temu, accusing the company of stealing designs and building its business on counterfeiting,...

Target’s Quarterly Earnings: Wall Street’s Expectations Amid Retail Challenges

Target is preparing to report its quarterly earnings as the retailer attempts to rebound from a prolonged period of declining sales and profits. According...

Petrobras to Partner in Bid for 40% Stake in Galp Energia’s Mopane Oil Prospect in Namibia

Brazilian oil giant Petrobras is seeking at least one partner in its bid to acquire a 40% stake in Galp Energia's Mopane oil prospect...

Character.AI Partners with Google for Non-Exclusive License Agreement

Startup Character.AI has entered into a non-exclusive license agreement with Alphabet's Google, allowing the tech giant to utilize Character.AI's large language model technology. This...

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