News

Note: This section contains information in English only.
Mon, 20 Jan 2025 15:30:03 GMT

Trump launches cryptocurrency

President-elect Donald Trump has launched his own cryptocurrency, $Trump, which quickly reached a market value of several billion dollars ahead of his inauguration as the 47th US president.

Mon, 20 Jan 2025 12:30:05 GMT

UK held back by regulation

Chancellor Rachel Reeves said regulators are hindering the UK's efforts to boost the economy and slow growth.

Mon, 20 Jan 2025 09:30:03 GMT

Target raises sales forecast

Target is raising its Q4 sales forecast after strong Black Friday and Cyber Monday results, but its stock is under pressure due to lower-than-expected EPS guidance.

Mon, 20 Jan 2025 06:30:03 GMT

Japane investors buys stocks

Japanese investors bought ¥819.3 billion in stocks last week, the most in nine months, partly due to a new Nippon Individual Savings Account cycle.

Mon, 20 Jan 2025 03:30:04 GMT

China's economy continues to grow

China's economy grew 5% in 2024, meeting its target, driven by a stimulus boost and strong exports.

Fri, 17 Jan 2025 21:30:04 GMT

Restaurants plan for inflation

Restaurant execs are facing rising beef prices, with Portillo's and Shake Shack projecting stable costs in 2025 despite inflation concerns, especially in beef supply chains.

Fri, 17 Jan 2025 18:30:04 GMT

SpaceX rocket blows up

A SpaceX Starship rocket broke apart shortly after launching from Texas, losing contact eight minutes in. Flights over the Gulf of Mexico were rerouted to avoid debris.

Fri, 17 Jan 2025 15:30:03 GMT

UnitedHealth Group misses quarterly revenue

UnitedHealth Group reported weak Q4 revenue and faced challenges after CEO Thompson's assassination but expects growth in 2025.

Fri, 17 Jan 2025 12:30:06 GMT

BP plans to cut jobs

BP plans to cut thousands of jobs as part of a major cost-saving effort.

Fri, 17 Jan 2025 06:30:04 GMT

Investors seek $5 billion for new basketball league

A group of investors, advised by LeBron James' partner Maverick Carter, aims to raise $5 billion to create a global basketball league to compete with the NBA.

Fri, 17 Jan 2025 03:30:03 GMT

Swedish Steelmaker exits US

SSAB AB withdrew from talks with Washington to build a green steel plant in the U.S. after receiving $500 million in funding.

Thu, 16 Jan 2025 21:30:04 GMT

Mastercard settles inequality case claim

Mastercard will pay $26 million to settle claims of underpaying female, Black, and Hispanic employees.

Thu, 16 Jan 2025 18:30:04 GMT

Apple loses market share in China

Apple lost its top spot in China's smartphone market in 2024, with shipments falling 17%, including a 25% drop in Q4.

Thu, 16 Jan 2025 15:30:05 GMT

Canada drafts a plan for US tariffs

Canada has created a list of US-made goods worth $105 billion to target with tariffs if President-elect Trump imposes tariffs on Canadian products.

Thu, 16 Jan 2025 13:10:04 GMT

Nomura raises $75 million in BTC

Nomura-backed Komainu raised $75 million in bitcoin from Blockstream Capital to scale its business and integrate Blockstream's technologies for faster settlement and tokenization.

Thu, 16 Jan 2025 12:30:06 GMT

Mortgage rate raises

The U.S. 30-year mortgage rate hit 7.09%, its highest in eight months, continuing a five-week rise amid rising home prices and limited supply.

Thu, 16 Jan 2025 09:30:06 GMT

GM plans for EV production

GM signed a multi-billion dollar deal with Vianode to supply synthetic graphite for its EV batteries.

Thu, 16 Jan 2025 06:30:03 GMT

Italian Bank buys BTC

Intesa Sanpaolo, Italy's largest bank, bought 1 million euros of bitcoin in its first trade, calling it "a test."

Thu, 16 Jan 2025 03:30:05 GMT

US consumer prices rise

U.S. consumer prices rose 0.4% in December, with a 2.9% annual increase, mainly due to higher energy costs. This suggests continued inflation and fewer interest rate cuts this year.

Wed, 15 Jan 2025 21:30:03 GMT

Indonesia unexpectedly cuts rates

Indonesia unexpectedly cut its key interest rate to 5.75% to boost economic growth, despite the rupiah falling below 16,000 to the dollar.

Wed, 15 Jan 2025 18:30:03 GMT

Intel to create a standalone company

Intel will spin off its Intel Capital venture arm into a separate company in 2025 to improve efficiency, with Intel staying as an investor.

Wed, 15 Jan 2025 15:30:04 GMT

Biden bans Chinese companies products

The Biden administration banned 37 Chinese companies over forced labor claims in Xinjiang.

Wed, 15 Jan 2025 12:30:03 GMT

IKEA to invest in recycling

Ingka Group, IKEA's investment arm, will invest 1 billion euros in recycling to reduce waste from discarded furniture. This follows new EU rules to fund textile recycling.

Wed, 15 Jan 2025 09:30:09 GMT

British American Tobacco shareholder sells £1.2 billion stake.

Reinet is selling its 2% stake in BAT for £1.22 billion, causing a 2.9% drop in shares. The sale won't affect BAT's £900 million buyback plan.

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