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.

Colgate-Palmolive Exceeds Expectations and Raises Sales Forecast Amid Tariff Challenges

Colgate-Palmolive reported stronger-than-expected quarterly results, surpassing Wall Street estimates and raising its annual sales forecast on the back of moderate price hikes and increased...

Vale Monitors Trade War Impact as Global Economic Uncertainty Looms

Brazilian mining giant Vale has reported that it has yet to experience a significant impact from the ongoing global trade tensions, despite being one...

Carrefour to Take Carrefour Brasil Private with Shareholder Approval

Shareholders of Carrefour Brasil have approved a proposal by its parent company, French retail giant Carrefour, to take the Brazilian unit private. The approval,...

Amgen Expands Ohio Manufacturing with $900 Million Investment

Amgen, the California-based biotechnology giant, has announced a $900 million expansion of its manufacturing facility in central Ohio, marking a significant move to bolster...

RWE Suspends U.S. Offshore Wind Projects Amid Political Shifts

German energy giant RWE, one of the world's leading offshore wind developers, has announced it has suspended work on its U.S. offshore wind projects...

DoorDash Makes $3.6 Billion Takeover Offer for Deliveroo

British meal delivery company Deliveroo announced it had received a takeover proposal from U.S.-based DoorDash on April 5, offering to buy all of its...

Codelco Reports Q1 Profit Drop Despite Slight Rise in Copper Production

Chilean miner Codelco, the world’s largest copper producer, reported a slight increase in production during the first quarter, although the gain was not enough...

California Proposes Testing of Autonomous Heavy-Duty Trucks on Public Roads

The California Department of Motor Vehicles announced a new proposal on Friday that would allow the testing of self-driving heavy-duty trucks and other large...

Third Point Builds Stake in Kenvue Amid Growing Activist Pressure

Billionaire investor Daniel Loeb's hedge fund, Third Point, is building a stake in Kenvue, the $44 billion consumer healthcare company known for brands like...

Emerging Markets Face Rising Debt and Slowing Growth Amid Trade Uncertainty

Emerging markets and developing countries are facing growing challenges as spiking trade uncertainty adds to their already significant debt burdens and sluggish economic growth....

Nike Sued Over NFT Collapse Following RTFKT Shutdown

Nike is facing a proposed class action lawsuit filed by purchasers of its Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets, who claim they...

Nissan Plans to End Wuhan Vehicle Production by 2026 Amid China Market Challenges

Nissan Motor is planning to halt vehicle production at its Wuhan plant in China by March 31, 2026, according to sources familiar with the...

Xi Jinping Calls for Self-Reliance in AI as China Accelerates Technological Development

Chinese President Xi Jinping has reaffirmed China's commitment to advancing artificial intelligence through self-reliance and systemic innovation, as reported by state media. During a...

Proposed U.S. Tariffs on Pharmaceutical Imports Could Lead to Price Increases

A proposed 25% tariff on pharmaceutical imports could lead to a significant increase in U.S. drug costs, potentially raising prices by as much as...

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