On Tuesday, China announced its largest-ever reduction in the benchmark mortgage rate. Authorities took this step to support the country’s struggling property market and economy.The 25-basis-point…
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On Tuesday, the Australian Competition Tribunal granted approval for ANZ Group’s acquisition of Suncorp’s banking business, valued at A$4.9 billion ($3.2 billion). This decision enables the…
On Thursday, Meta Platforms (META.O) announced that businesses buying a “boost” for their posts on the iOS versions of Facebook and Instagram will incur an extra…
On Thursday, Nike (NKE.N) announced that it will cut approximately 2% of its total workforce, or more than 1,600 jobs. This decision comes as the sportswear…
Pfizer (PFE.N) has agreed to pay $93 million to settle antitrust claims filed by wholesale drug distributors. The distributors accused Pfizer of conspiring with India’s Ranbaxy…
At the end of last year, Japan unexpectedly entered a recession. It lost its position as the world’s third-largest economy to Germany. This development raised questions…
According to Nielsen estimates on Tuesday, the Kansas City Chiefs’ overtime Super Bowl victory over the San Francisco 49ers, with Taylor Swift in the stands cheering,…
Airbnb (ABNB.O) raised its first-quarter revenue forecast on Tuesday, citing strong cross-border travel and longer-duration bookings.This year, with the improvement of global air connectivity, international travel…
BYD Co Ltd from China will open a new electric vehicle (EV) factory in Mexico, according to Nikkei. The EV maker aims to create an export…
On Valentine’s Day, drivers for Uber (UBER.N), Lyft (LYFT.O), and DoorDash (DASH.O) are expected to strike across the United States for fair pay, according to drivers’…