Oxfam: Fortunes of world’s richest 5 men doubled since 2020 as billions became poorer
Owner of X and Tesla CEO Elon Musk is among the five richest men who saw their fortunes double since 2020, according to a new…
Entertainment layoffs: Pixar, UMG, Twitch, Amazon and more
The new year is off to an ominous start for the entertainment industry, which is facing heavy layoffs at companies spanning film, TV, music and…
Is the World Economic Forum still relevant? | Business and Economy News
This coming week in Switzerland, representatives of governments and international organisations, billionaires and major entrepreneurs, experts and academics, NGOs and press corps will once again…
EPA proposes fines on oil, gas producers to reduce methane emissions
The Marathon refinery is seen late evening in Carson, Calif. Such refineries produce methane, which the EPA calls a “super pollutant” responsible for about a…
Closing statements conclude in Donald Trump’s N.Y. civil fraud case
1 of 6 | Former President Donald Trump sits in New York State Supreme Court during his civil fraud trial Thursday in New York City.…
Lawsuit claims Starbucks misled consumers on origins of ‘100% ethical’ coffee, tea
Starbucks utilized deceptive marketing to conceal the origins of its coffee and tea products, according to the lawsuit, which was filed Wednesday in Superior Court…
SEC approves bitcoin ETFs to start trading Thursday
1 of 2 | Bitcoin’s exchange-traded funds won approval Wednesday from the Securities and Exchange Commission, clearing the way for more Americans to invest as…
Some companies want to bet on US elections. Not everyone agrees. | Business and Economy
Tarek Mansour spent several years working in finance at firms like Goldman Sachs and Citadel before launching the groundbreaking fintech startup Kalshi. Using his background…
Amazon MGM Studios and Prime Video cut hundreds of jobs
Amazon on Wednesday said it would cut several hundred jobs at Prime Video and Amazon MGM Studios, after a review of its business in the…
Labor Department rule restores requirements to classify workers as independent contractors
Lyft and Uber brand logos show up on the dashboard of a car near LaGuardia Airport on February 26, 2023, in New York City. The…
EU to probe Microsoft’s $10B investment in OpenAI
Microsoft's $10 billion partnership with ChatGPT maker OpenAI was dealt a new blow Tuesday after European Union regulators announced they were looking into whether the…
Farmers block roads across Germany to protest against subsidy cuts | Business and Economy News
In Berlin, dozens of tractors blast their horns and block the main avenue leading to the Brandenburg Gate. Farmers have blocked roads with tractors across…
Wife of donor who called for Harvard president’s firing faces plagiarism accusations
Neri Oxman, former professor at the Massachusetts Institute of Technology and wife of billionaire Harvard donor Bill Ackman, was accused of plagiarism in her PhD…
FDA approves plan for Florida to import lower-cost Canadian drugs
The Food and Drug Administration has authorized a pathway for Florida to import medicine from Canada. File Photo by John Angelillo/UPI | License Photo Jan.…
Tesla recalls 1.6 million electric vehicles in China | Business and Economy News
The cars reportedly have problems with their automatic assisted steering and door latch controls. Tesla is recalling more than 1.6 million Model S, X, 3…
Asia’s business heirs look beyond profits, hoping to escape parents’ shadow | Business and Economy News
Kuala Lumpur, Malaysia – From Malaysia to Singapore and the Philippines, second- and third-generation family businesses in Asia are charting a different path from their…
Mircrochip Technology gets $162M in CHIPS funds for plants in Colorado, Oregon
Since taking office, President Joe Biden has emphasized funding for semiconductor manufacturers in an effort to bring high-tech innovation back to the United States. File…
Egypt’s economy will be its biggest challenge during el-Sisi’s third term | Business and Economy News
Abdel Fattah el-Sisi returned as president of Egypt in the election held at the end of 2023, winning a third term with 89.6 percent of…
Disney cuts deals with ValueAct, Blackwells Capital to fend off board proxy challenge
Disney and its CEO Bob Iger (R) said Wednesday the company has secured the support of investment firms ValueAct and Blackwells Capital to fend off…
India’s Adani wins top court relief on further probe over Hindenburg report | Business and Economy News
Indian agency was probing the group after Hindenburg Research last year alleged the improper use of tax havens and stock manipulation. India’s Supreme Court says…