Next Plc forecasts slower sales and profit growth due to tax hikes, with a 3.5% sales rise expected in 2025. Pretax profit for this year is expected to grow 10% to £1.01 billion ($1.3 billion).
Toyota invests $44 million in Interstellar Technologies to produce rockets and join its executive board.
BMW Group confirmed selling over 100 luxury cars to Russian buyers, despite EU and US sanctions banning exports of luxury goods to Russia since March 2022.
Meta appoints Dana White, UFC CEO, to its board of directors. White plays a key role in the reelection of his longtime friend, President-elect Donald Trump.
Exxon sued California's Attorney General and environmental groups over defamation of its recycling efforts.
Prime Minister Justin Trudeau announced on Monday that he will resign from his position and as leader of the Liberal Party once a new leader is selected.
Disney will merge Hulu + Live TV with FuboTV, owning 70% of the combined company. Fubo shareholders will hold 30%. The deal also settles litigation over the Venu Sports platform.
Michael Barr will step down as the Fed's banking regulator in February but stay on the board of governors. He called it an honor to help maintain financial stability.
Funding for India's space sector dropped 55% in 2024 to $59.1 million, down from $130.2 million in 2023, amid a global decline in space investment.
The French government now targets a 5.4% public deficit in 2025, as several planned tax measures are scrapped, with no VAT increase to make up for lost revenues.
Italy is negotiating a €1.5bn telecommunications security deal with SpaceX, potentially including encrypted communications for the government and military, despite opposition from local providers.
China's services grew quickly in December, with more demand at home. The PMI rose to 52.2, up from 51.5. However, overseas orders dropped, showing trade risks.
Major U.S. banks, including Morgan Stanley, are leaving the UN-backed Net Zero Banking Alliance, but Morgan Stanley insists its net-zero commitment remains unchanged.
Iran has lifted its ban on WhatsApp and Google Play, marking the first step to ease internet restrictions.
Mortgage rates have risen to 6.91%, the highest in six months, despite the Federal Reserve's recent interest rate cut. Rates were 6.62% a year ago.
Apple agreed to pay $95 million to settle a lawsuit claiming Siri violated user privacy by recording private conversations.
Biden has blocked Nippon Steel's $14.9 billion bid to buy U.S. Steel, ending the merger plan.
Tesla's Q4 2024 deliveries marked the first annual decline in deliveries in over a decade.
Rolex raised prices by up to 8% in January 2024 due to a 27% surge in gold prices. A yellow gold Day-Date now costs €44,200, and a GMT-Master II is priced at €44,600.
Putin has ordered closer AI collaboration with China amid Western sanctions. Russia plans to join BRICS countries to create an AI network to challenge the West.
A group of banks and business organizations is suing the Federal Reserve over its annual bank stress tests, claiming the process lacks public input and produces unclear capital requirements.
British house prices rose 0.7% in December, ending 2024 up 4.7% from December 2023, the highest growth since late 2022.
Apple is offering discounts on iPhones in China from Jan. 4-7 to defend its market share against rivals like Huawei.
Singapore's economy grew 4.0% in 2024, up from 1.1% in 2023. GDP rose 4.3% in Q4, exceeding forecasts, with a 0.1% quarter-on-quarter growth.