News

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Mon, 17 Nov 2025 21:30:05 GMT

White House Weighs 50-Year Mortgage Plan

The White House is considering a 50-year mortgage to ease home affordability, but experts warn it won't solve core issues like supply shortages and high rates.

Mon, 17 Nov 2025 18:30:06 GMT

EU Average Salary Sees Growth

The average full-time salary in the EU rose in 2024, with the highest pay in Luxembourg, Denmark, and Ireland, and the lowest in Bulgaria, Greece, and Hungary.

Mon, 17 Nov 2025 15:30:04 GMT

Siemens Posts Strong Results, Raises Dividend

Siemens reported record 2025 profit of €10.4B and all-time high cash flow of €10.8B, beating expectations and raising its dividend amid strong demand.

Mon, 17 Nov 2025 12:30:03 GMT

China's Factory and Retail Growth Slows

China's factory output and retail sales grew at their slowest pace in over a year in October, raising pressure to boost the $19T export-driven economy.

Mon, 17 Nov 2025 09:35:05 GMT

Nissan to Cut 87 Jobs in Europe

Nissan will cut 87 positions at its European office in France as part of a 15% global headcount reduction under CEO Ivan Espinosa's restructuring plan.

Mon, 17 Nov 2025 09:30:05 GMT

Stephen Curry Splits from Under Armour

Stephen Curry and Under Armour end their decade-long partnership; his Curry Brand, launched in 2020, will continue independently after the split.

Mon, 17 Nov 2025 06:30:05 GMT

Germany Forms China Trade Expert Panel

Germany's parliament set up a commission to rethink China trade policy, aiming for actionable steps to reduce risks after Beijing's rare earth export curbs.

Mon, 17 Nov 2025 03:30:05 GMT

Job Cuts Hit Swiss Machinery Maker

Longtime worker Norbert Steuer is among 80 of 105 staff cut as Swiss machinery maker K.R. Pfiffner is hit by U.S. tariffs and a weak auto market.

Fri, 14 Nov 2025 21:30:04 GMT

Verizon to Slash 15,000 Jobs

Verizon's new CEO plans to cut 15,000 U.S. jobs, its largest-ever layoffs, as the telecom faces rising competition and a shrinking customer base.

Fri, 14 Nov 2025 18:30:10 GMT

iPhone 17 Sales Surge in China

iPhone sales in China jumped 22% after the iPhone 17 launch, with the new series making up nearly 80% of units sold despite a softening market.

Fri, 14 Nov 2025 15:30:06 GMT

Banks Seek Dismissal of Epstein-Related Lawsuits

Bank of America and BNY Mellon asked a judge to dismiss suits claiming they aided Jeffrey Epstein by ignoring warnings about his sex-trafficking activities.

Fri, 14 Nov 2025 12:30:10 GMT

JPMorgan Expands in Dubai

JPMorgan has grown its Dubai operations to boost business with mid-sized firms in the Middle East, challenging rivals and considering further expansion in Turkey.

Fri, 14 Nov 2025 09:30:05 GMT

Allianz Reports Strong Q3 Earnings

Allianz's Q3 net profit rose 15% to €2.85B, beating forecasts and coming after the insurer raised its full-year outlook.

Fri, 14 Nov 2025 06:30:06 GMT

RTX Shifts Pension Obligations

RTX will take a $300M Q4 charge after transferring $2.5B in pension obligations for 60,000 retirees to Prudential through an annuity buyout.

Fri, 14 Nov 2025 03:30:12 GMT

Burberry Q2 rebounds

Burberry returned to growth with Q2 sales up 2%, its first rise in two years, driven by a China rebound and CEO Joshua Schulman's new focus on outerwear and scarves.

Thu, 13 Nov 2025 21:30:04 GMT

Fraud Mastermind Jailed for Bitcoin Laundering

A Chinese national, identified as the architect of a massive Ponzi scheme, was sentenced to over 11 years in a UK prison for laundering billions in fraudulent proceeds into Bitcoin cryptocurrency.

Thu, 13 Nov 2025 18:30:05 GMT

US Family Health Insurance Cost Soars

New data highlights the rising financial burden on American families, with the total annual health insurance payment for a family in the US reaching an average of nearly $27,000 for the first time.

Thu, 13 Nov 2025 15:30:04 GMT

Rolls-Royce keeps profit forecast steady

Rolls-Royce kept its profit forecast of £3.1–£3.2B, boosted by higher airline flying hours and rising data centre orders, despite supply chain issues.

Thu, 13 Nov 2025 12:30:09 GMT

GE, Siemens to rebuild Syria

GE Vernova and Siemens Energy are in talks to supply turbines for a $7B project to rebuild Syria's power sector, including 4 gas plants and a 1,000-MW solar unit.

Thu, 13 Nov 2025 09:30:05 GMT

IBM unveils Loon chip

IBM unveiled its new quantum chip, Loon, marking progress toward practical quantum computers that could solve complex problems faster than classical machines.

Thu, 13 Nov 2025 03:30:05 GMT

Shell challenges LNG arbitration loss

Shell is contesting its arbitration loss to U.S. LNG producer Venture Global in New York, following BP's $1B-plus win over similar contract disputes.

Wed, 12 Nov 2025 21:30:06 GMT

AMD eyes $100B revenue

AMD expects $100B in data center chip revenue within five years, aiming to triple earnings; shares rose 4% after a 2.7% drop in regular trading.

Wed, 12 Nov 2025 18:30:04 GMT

Trump hosts top CEOs in Finance

Trump will host a private White House dinner with top business leaders, including the CEOs of Nasdaq and JPMorgan, to boost ties and strengthen U.S. markets.

Wed, 12 Nov 2025 15:30:04 GMT

TotalEnergies powers Google solar

TotalEnergies signed a 15-year deal to supply Google with 1.5 TWh of solar power from its nearly complete Montpelier solar farm in Ohio to run data centers.

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