Business

China Unveils Drone Export Controls, Sanctions on Six US Firms Over Trade Restrictions

China announced drone export controls and a ban on dealings with six American entities in response to recent US trade restrictions, deepening tensions.

Typhoon Dolphin Drives Hong Kong to Hottest Day on Record as Eastern China Evacuates Millions

Hong Kong hit 36.9C, its hottest in 142 years, as Typhoon Dolphin brought extreme heat and drove mass evacuations across eastern China.

Pentagon Presses US Defense Firms to Accelerate Weapons Output Amid Depleted Stockpiles

The Pentagon is urging US defense contractors to accelerate munitions production amid depleted stockpiles and rising global security concerns.

El-Sayed and Stevens Square Off in Closely Watched Michigan Senate Primary

Michigan Democrats choose Tuesday between progressive Abdul El-Sayed and Rep. Haley Stevens in a closely watched Senate primary for Gary Peters' open seat.

China Unveils Drone Export Controls, Sanctions on Six US Firms Over Trade Restrictions

China announced drone export controls and a ban on dealings with six American entities in response to recent US trade restrictions, deepening tensions.

GM Reassesses 2025 Outlook and Halts Stock Buybacks Amid Tariff Concerns

General Motors reported strong first-quarter results, surpassing Wall Street expectations, but has paused future stock buybacks and is reassessing its 2025 financial guidance due...

Pfizer CEO Cites Tariff Uncertainty as Barrier to U.S. Investment

Pfizer CEO Albert Bourla expressed concerns on Tuesday over the uncertainty surrounding planned pharmaceutical tariffs, saying it is discouraging the company from increasing investments...

Oddity Tech Surpasses Expectations and Raises 2025 Forecast Amid Tariff Uncertainty

Oddity Tech, the parent company of Il Makiage and Spoiled Child, reported robust first-quarter results and raised its guidance for fiscal 2025, outperforming broader...

Starbucks Faces Sales Slump Amid Turnaround Strategy

Starbucks reported weaker-than-expected earnings for the fiscal second quarter, alongside a continued decline in same-store sales. Despite the disappointing results, CEO Brian Niccol expressed...

Amazon and Nvidia Discuss Energy Needs for AI Amid Growing Demand

Amazon and Nvidia recently addressed oil and gas executives in Oklahoma City, highlighting the need for an all-inclusive approach to powering artificial intelligence (AI)...

Economic Uncertainty Fuels Rise of Recession-Based Content Online

Amid growing economic concerns, Kiki Rough, a 28-year-old self-employed consultant, has turned to sharing her experience and knowledge of cooking affordable meals during tough...

TikTok’s Dominance in Short-Form Video: A Look at Competitors and Challenges

TikTok has rapidly become the dominant force in the short-form video market, amassing over 1.12 billion monthly active users globally since its global launch...

Consumer Spending Hesitates Amid Tariff Fears and Economic Uncertainty

Consumers in the U.S. are showing mixed reactions to tariffs, with some rushing to make purchases ahead of expected price hikes, while others hesitate...

More Americans Turn to Buy Now, Pay Later for Groceries Amid Economic Strain

A rising number of Americans are turning to buy now, pay later (BNPL) loans to cover everyday expenses like groceries, according to new data...

Airline Industry Faces Uncertainty as Domestic Travel Demand Slows

Airline CEOs are warning that demand for domestic travel in the U.S. may not be as strong as they initially expected for 2025, raising...

M&S Halts Online Orders After Cyber Attack, Shares Drop 5%

Marks & Spencer (M&S) temporarily halted online orders in the UK and Ireland following a cyber attack reported earlier in the week, a move...

Grupo Mexico Reports Strong Q1 Profit Boosted by Rising Metal Prices

Grupo Mexico, the mining and transport conglomerate, reported a 17% increase in its net profit for the first quarter, reaching $1.09 billion, significantly surpassing...

Akio Toyoda Proposes $42 Billion Buyout of Toyota Industries to Strengthen Corporate Control

Toyota Motor Chairman Akio Toyoda has proposed a major acquisition of Toyota Industries in a deal potentially worth 6 trillion yen ($42 billion), marking...

Russia Holds Key Interest Rate at 21% Amid Global Economic Risks and Inflation Pressures

The Russian central bank decided to keep its key interest rate at 21% amid a mix of declining inflation and emerging risks to the...

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