Japan may use its FX reserves to short oil futures, an unorthodox move to curb energy-driven inflation and prop up the yen as it nears the 160 level.
Rare Brazil Coffee Eyes $20,000A Brazilian farmer expects his rare eugenioides coffee to fetch $20,000 per bag.
New York state law now requires retailers to accept cash and forbids surcharges on it. Fines reach $1,500 to protect unbanked, elderly, and low-income shoppers.
A New Mexico jury ordered Meta to pay $375m for misleading the public on child safety. The historic ruling found the firm enabled exploitation by prioritizing profit.
The Iran war is fueling African inflation as energy and fertilizer costs soar. A 22-nation coalition is now working to reopen the blockaded Strait of Hormuz.
The Iran war has pushed Brent crude over $112 and gas above €60/MWh. With the Strait of Hormuz blocked, Europe faces a severe energy shock and rising inflation.
United is slashing 5% of its flights, prepping for $175 oil through 2027 due to the Iran war. The airline aims to offset the $11B fuel bill via higher fares.
Student debt cuts home savings by £2k yearly, per Barclays. 41% say repayments block them from buying as loan costs stall deposits.
Japanese firms agree to a 5.26% pay rise, marking a third year above 5%. Big brands like Toyota met full demands as the BOJ monitors for future rate hikes.
CEO Oliver Blume says Germany should learn from China's disciplined planning as VW cuts 50,000 German jobs by 2030 to stay competitive against 150+ rivals.
Xiaomi launched its next-gen SU7 at 219,900 yuan, adding standard LiDAR and a 902km range. It targets Tesla with 15,000 orders amid tighter China EV regulations.
HSBC and a Standard Chartered JV are expected to receive Hong Kong's first stablecoin licenses as soon as March 24. This marks a major step in the city's strict new regulatory regime for fiat-pegged tokens.
Unilever is in talks to sell its food unit to McCormick for up to €31B. The move aims to focus on high-growth beauty and personal care. No deal is yet certain.
Southeast Asia is shedding death taboos as populations age. Demand for bespoke, unique funerals is fueling a multibillion-dollar "death economy" in the region.
Coca-Cola's top India bottler may raise prices in April due to war-driven costs. SLMG is expanding with 4 new plants, targeting ₹100B revenue by 2027.
Musk plans two Austin chip factories for Tesla and SpaceX. One chip powers cars and robots; the other targets space AI. Goal: 1 terawatt of yearly computing capacity.
Poste Italiane launched a $12.5B cash-and-stock bid for Telecom Italia to create a national digital giant. The offer targets a late 2026 close and TIM's delisting, with the board meeting today to evaluate the proposal.
Obin AI, led by former JPMorgan and Google executives, has launched with $7 million in funding to build an agentic workforce for banks.
Citi and HSBC have made strategic investments in Adaptive to accelerate the development of bespoke, cloud-native trading platforms. The move highlights a shift toward modular, AI-driven infrastructure in capital markets.
Visa has rolled out Intelligent Authorisation in Europe, a single API using machine learning to optimize transaction routing. The tool helps acquirers bypass legacy tech hurdles to reduce decline rates and costs.
The UK government is preparing to sue Roman Abramovich after he missed a March 17 deadline to release £2.4bn from the Chelsea FC sale.
Japan is considering reviving domestic LNG carrier production to bolster national security amid the Iran energy crisis. The move aims to challenge China and South Korea's market dominance.
Unilever is in talks to combine its food business with spice maker McCormick in an all-stock deal. The move aims to streamline assets like Hellmann's and Cholula.
Goldman Sachs plans to cut underperforming staff in April. These performance-based layoffs are separate from its typical annual culling of 1% to 3% of employees.