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Canada At A Crossroads: Leadership Transition As Trudeau To Resign 01/07/2025

UK Government Cracks Down On Deepfake Technology With New Criminal Offenses To Protect Women And Girls 01/07/2025

U.S. Federal Reserve Shifts Focus To Stabilization Amid Economic Uncertainty 01/08/2025

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Business & Finance

Boeing to pay $200M over public statements about safety of 737 MAX airliners

U.S. aviation company Boeing and the SEC reached an agreement to resolve the SEC's complaints over the firm's and its previous CEO's public statements regarding safety of the Boeing 737 MAX. U.S. aircraft manufacturer Boeing will pay $200 million, and Dennis Muilenburg, its former CEO, will pay $1...

Automakers Battle Patent Obstacles To Advance In-Car Technology

A platform for patent licenses from 51 tech companies has over a dozen automakers, including Toyota and Nissan, signed up with the goal of streamlining access to wireless technology and avoiding pricey legal disputes. Different opinions among automakers, suppliers, and tech companies about...

European Business Group Issues A Caution Against Losing Faith In China

The "inflexible and inconsistently implemented" COVID policy, according to a leading European industry group, is a major reason why businesses are losing faith in China and its appeal as a place to invest. The warnings were released by the European Chamber of Commerce in a paper that also...

Climate Change Will Cost Farm And Food Investors $150 Billion, According To A Report

Top agricultural and food companies risk losing up to a quarter of their value by 2030 if they don't adjust to new regulations and consumer trends brought on by climate change, according to a recent report from campaigners connected to the United Nations. Research that will be presented on...

Investors Are Split As Porsche Seeks Up To $75 Billion In Funding

In line with investors' mixed reactions to the automaker's plans to list sports car maker Porsche AG in what could be Europe's third largest initial public offering, Volkswagen shares traded at or near breakeven on Monday. Volkswagen stated on Sunday that it aimed to value Porsche AG at...

Chinese Buyers Seize Luxury Properties As "Hard Currency" In The Weak Real Estate Market

Luxury property is defying the downward trend in Shenzhen, a city in southern China where the real estate market has slowed, according to a report published on Monday by the official Securities Times. This is because wealthy buyers are looking for a haven in an unstable market. 604 units...

Fitch affirms ratings of major U.S. banks

The long-term issuer default ratings (IDR) of four of the largest U.S. banks, including Bank of America Corp. (BofA) at "AA-", Citigroup Inc. at "A," JP Morgan Chase & Co. at "AA-," and Goldman Sachs at "A," have been confirmed by international rating agency Fitch Ratings. The banks' rating...

Unilever Breaking Merger Agreement Over Israel Sale, Claims Ben & Jerry's Founders

On Sunday, Ben & Jerry's founders claimed on MSNBC that parent company Unilever PLC had broken the terms of the 2000 merger agreement by selling the Ben & Jerry's business in Israel to a local licensee who could then sell their products in the West Bank. "That agreement gave...

Launch Of A Fossil Fuel Registry To Identify "Stranded Assets"

Monday saw the official launch of the first global registry of oil and gas reserves, production, and emissions, according to Carbon Tracker and Global Energy Monitor, which includes information on more than 50,000 fields. In order to help investors better understand which assets may be at...

Volkswagen plans for Porsche's IPO

Volkswagen plans that the manufacturer of sports cars Porsche will go public through Volkswagen at a valuation of $70 to $75 billion. The offering might rank as the second- and third-largest in all of Europe. Porsche, the luxury sports car manufacturer, will be put for an initial public offering...