Rent control battle in California heats up, opposing investors pump money | Housing
Reyna Aguilar was working as a chef in a restaurant in San Francisco’s Mission neighbourhood when the COVID pandemic struck. The restaurant shut within months,…
Former FTX executive Nishad Singh spared prison for cooperation | Crypto News
Former cryptocurrency executive Nishad Singh, who once shared a $35m Bahamas penthouse with FTX founder Sam Bankman-Fried, has been spared prison time by a judge…
UK’s Labour government raises taxes by 40bn pounds in first budget | Business and Economy News
Finance minister Rachel Reeves has said the tax hike will be used to fund public services and bolster public finances.British Chancellor of the Exchequer Rachel…
EU hikes tariffs on Chinese EVs, prompting rebuke from Beijing | Automotive Industry
China’s Commerce Ministry promises to take ‘all necessary measures’ to protect the interests of Chinese firms.The European Union has decided to sharply raise tariffs on…
For Taiwan’s crucial chip industry, both Trump and Harris bring risks | Business and Economy
Taipei, Taiwan – For engineers working in Taiwan’s semiconductor industry, the past few years have been difficult. The United States’s efforts to curb the growing…
Shipping firms to pay $102m settlement for Baltimore Bridge cleanup | Infrastructure News
Many unresolved claims remain over the bridge collapse, which killed six people and snarled local shipping for months.The owner and operator of a cargo ship…
Lebanon added to money laundering ‘grey list’ | Business and Economy News
Global watchdog adds Lebanon to its list of nations subject to increased monitoring of financial transactions.A global anti-money laundering watchdog has added Lebanon to its…
Brazil seals $30bn compensation deal with BHP, Vale over 2015 dam collapse | Mining News
The dam collapse unleashed wave of tailings in disaster that killed 19 people, left hundreds homeless, flooded forests.Brazil has signed a 170 billion reais ($29.85bn)…
South African Indigenous people fight Big Oil to defend ancestors’ spirits | Environment News
Shell’s final lifeline Once an exploration permit is granted, the holder of the permit is able to apply for up to three renewals, after which…
Bullying and harassments claims surge in UK’s financial sector | Business and Economy
Reports of non-financial misconduct rose 72 percent between 2021 and 2023, according to survey by financial regulator.Allegations of bullying, discrimination and other non-financial misconduct in…
Video: Inside Russia’s major BRICS summit with global leaders | Business and Economy
NewsFeedRussia is hosting a major summit of the BRICS countries and other nations that want to engage with the bloc, which is now worth more…
Tesla reports better than expected profit, sending shares higher | Business and Economy
Texas-based company reports $2.2bn profit for July to September, after back-to-back disappointing quarters.Tesla has posted a forecasting-beating profit in the third quarter, breaking a recent…
Can BRICS reshape the financial world order? | Business and Economy
BRICS’s first summit since its expansion in 2023 discussed proposals to reduce reliance on US dollar and SWIFT system.BRICS has almost doubled in size in…
McDonald’s shares tumble on E coli even as US head vows to improve safety | Business and Economy News
McDonald’s shares were on track for their worst day since March 2020 on Wednesday, as the fast-food giant scrambled to limit the damage from an…
Boeing CEO lays out cautious path to turnaround as strike vote awaited | Aviation News
Boeing CEO Kelly Ortberg has laid out a cautious path to turn the company around, calling for a “fundamental culture change” at the struggling plane…
American Airlines fined $50m for mistreatment of disabled passengers | Aviation News
American Airlines gets record $50m fine for treatment of disabled customers and damaging wheelchairs.American Airlines has been fined a record $50m for the way it…
Russia’s BRICS summit: What’s on the agenda and why it matters to Putin | Vladimir Putin News
Russian President Vladimir Putin is hosting the annual BRICS summit, which started on Tuesday, in Russia’s southwestern city of Kazan. The three-day conclave will be…
Tokyo Metro shares soar in Japan’s biggest IPO since 2018 | Business and Economy
Japanese subway operator’s shares soar as much as 47 percent in biggest listing since 2018.The main operator of Tokyo’s sprawling subway network has made a…
Former Abercrombie & Fitch CEO charged with operating sex-trafficking ring | Sexual Assault News
Abercrombie’s Mike Jeffries and associates lured dozens of young men into sex acts from 2008-2015, says indictment.Mike Jeffries, former chief executive of the US clothing…
Can BRICS offer a counterbalance to the existing world order? | Business and Economy
Partnership representing more 40 percent of the world’s population doubles in strength.The 16th summit of the BRICS nations (Brazil, Russia, India, China and South Africa)…