BusinessEurope
Chinese Automakers Deepen Ties with Europe's Auto Industry
At the 2026 Paris Motor Show, Chinese automakers shift from exporting EVs to localizing production, R&D and partnerships across Europe.
—6 min read
Category
Business
274 articles
BusinessBelgium
GSK to Cut Up to 1,217 Jobs at Belgian Vaccine Sites
GSK plans to cut up to 1,217 jobs in Wallonia, Belgium's largest collective redundancy this year, sparking union anger and political reaction.
—5 min read
BusinessMedia
Netflix to Cut About 6% of Global Workforce
Netflix will lay off roughly 1,000 employees, about 6% of its global workforce, its largest round of cuts since 2022, ahead of Q3 earnings.
—4 min read
BusinessTechnology
Ahold Delhaize IT Outage Hits Albert Heijn, Delhaize
A cybersecurity incident at Ahold Delhaize has left Albert Heijn and Delhaize stores in Belgium short of some products as systems stay offline.
—5 min read
TechnologyBusiness
Character.AI Files for Bankruptcy, Disney Bids $20M
Character.AI has filed for Chapter 11 bankruptcy and agreed to sell key assets to Walt Disney for $20 million, capping a steep fall for the chatbot firm.
—5 min read
US NewsBusiness
Six Flags Closes 9 Rides After Georgia Coaster Death
Six Flags temporarily closed nine roller coasters across six parks after a man was ejected from the Goliath ride in Georgia and died.
—6 min read
BusinessEntertainment
Ferrari Sells for 5.1M Euros, a Belgian Auction Record
A 2015 Ferrari LaFerrari sold for 5.1 million euros at Knokke-Heist's Zoute Grand Prix, the most expensive car ever auctioned in Belgium.
—4 min read
TechnologyBusiness
Ahold Delhaize Hit by Cybersecurity Incident in Belgium
A cybersecurity incident at Ahold Delhaize disrupted Albert Heijn and Delhaize, knocking out online delivery, apps and customer service across Belgium.
—4 min read
TechnologyBusiness
SpaceX's Starlink Sets Sights on Becoming a Mobile Carrier
SpaceX will buy nationwide 800 MHz spectrum from Grain Management, a step toward becoming a standalone U.S. mobile carrier and rattling telecom stocks.
—6 min read
CultureBusiness
Vaccarello Leaves Saint Laurent After 10 Years
Belgian designer Anthony Vaccarello is leaving Saint Laurent after a decade as creative director, ending a tenure that tripled revenue.
—5 min read
EntertainmentBusiness
Endgame Retakes All-Time Box Office Crown From Avatar
Avengers: Endgame has reclaimed the all-time global box office record from Avatar after an Encore re-release pushed it past $2.9255 billion.
—4 min read
BusinessEntertainment
Paramount-Warner Bros. Merger Closes, Creating Skydance
The $111 billion merger of Paramount and Warner Bros. Discovery closed Tuesday, creating Skydance Corporation under David Ellison.
—7 min read
TechnologyBusiness
After Bankruptcy, He Found Kalshi and Gambled Again
A bankrupt man banned from sportsbooks relapsed on prediction market Kalshi, raising questions about gambling addiction and the industry's rapid growth.
—7 min read
BusinessUnited States
After Bankruptcy, a Banned Bettor Found Kalshi
A bankrupt Pennsylvania man banned from sportsbooks relapsed on prediction market Kalshi, raising concerns about gambling addiction and a regulatory gap.
—6 min read
ArtsBusiness
Theaster Gates Bets on Fine China, Buys Pickard
Artist Theaster Gates has acquired Pickard China, the last U.S. maker of fine china, aiming to revive artisanal manufacturing.
—5 min read
TechnologyBusiness
OpenAI Cuts Ties With 3 Safety Researchers
OpenAI parted ways with three safety researchers who allegedly shared confidential information with an outside AI-safety group amid rising scrutiny.
—5 min read
EconomyBusiness
Colruyt Shares Fall Nearly 10% After Profit Warning
Colruyt shares dropped nearly 10% after the Belgian retailer issued a profit warning, citing rising costs and eroding market share.
—5 min read
BusinessTechnology
StubHub Test Shows Different Prices for Same Ticket
An NBC News experiment found nine buyers saw eight different prices for the same Harry Styles ticket on StubHub, spotlighting pricing concerns.
—6 min read
BusinessTechnology
Tesla Begins Semi Deliveries After Years of Delays
Tesla has started delivering its long-awaited Semi trucks from a new Nevada factory, but it still won't say how many it will build or what they cost.
—6 min read
AviationBusiness
FAA Reviews Boeing 737 Max Software Glitch
The FAA is reviewing a 737 Max software glitch that can disengage automated vertical navigation during missed approaches, as airlines reject affected jets.
—5 min read
BusinessEconomy
Bond Yields Hit Two-Decade High as Oil Swings on Iran
U.S. Treasury yields surged to two-decade highs while oil prices swung on conflicting U.S.-Iran headlines, deepening a global bond selloff.
—6 min read
BusinessRetail
Cracker Barrel to Upgrade Chicken, Burger, Steak Dinners
Cracker Barrel will upgrade its chicken, hamburger and steak dinners as the chain completes a 26-store sale-leaseback and repays debt.
—7 min read
Consumer SafetyBusiness
eBay Bans Airbag Sales Over Counterfeit Risks
eBay has banned airbag sales on its platform, joining Amazon and others in a crackdown on faulty and counterfeit parts linked to at least 11 U.S. deaths.
—5 min read
BusinessMedia
Paramount Cedes Ground to Salvage $111B Warner Deal
Paramount settled with 12 state AGs and the WGA to clear its $111 billion Warner Bros. Discovery merger, agreeing to film and cable commitments.
—8 min read
BusinessEnvironment
Syensqo Ramps Up PFAS Output for Data Centers and AI
Belgian chemicals firm Syensqo is expanding PFAS production to feed AI and data-center demand, raising fresh environmental and health concerns.
—6 min read
BusinessUnited States
Utah Leads U.S. in Home Insurance Nonrenewals
Utah homeowners were dropped by insurers at the highest rate in the U.S. in 2025, as wildfire risk pushes climate-driven insurance turmoil inland.
—7 min read
BusinessEconomy
Dutch Firm Plans €1bn Data Center on Sappi Site
Switch Datacenters plans a €1 billion data center on the former Sappi paper mill site in Lanaken, promising 150-250 jobs but facing grid hurdles.
—5 min read
BusinessEconomy
Warren Buffett Steps Down as Berkshire Chairman
Warren Buffett, 96, steps down as Berkshire Hathaway chairman after 56 years. His son Howard becomes chairman; Greg Abel remains CEO.
—5 min read
BusinessEconomy
Intermarché Weighs Return to Flanders as It Expands
French chain Intermarché opens its first Brussels city store and says a return to Flanders is 'not excluded' as it targets 20 Belgian stores by 2030.
—4 min read
BusinessBelgium
Colruyt Links Gym Savings to Grocery Discounts
Colruyt Group launches Move & Save, a family gym-and-grocery subscription linking Jims fitness clubs to fruit and vegetable discounts via Xtra.
—4 min read
BusinessEurope
Nivea CEO Warns EU: We Won't Be the Next Car Industry
Beiersdorf CEO Vincent Warnery warns that over-regulation could sink Europe's cosmetics industry, likening the risk to the German auto decline.
—4 min read
BusinessBelgium
Aerospacelab CEO Calls 2.4bn Euro Deal a Mark of Credibility
Aerospacelab CEO Benoit Deper hails a 2.4 billion euro IRIS contract as a mark of credibility, as the Belgian firm prepares to build 264 satellites.
—5 min read
AccidentBusiness
Miami Crash Spotlights Amazon's Cargo Carrier Model
A deadly 21 Air crash in Miami has focused scrutiny on the cargo operator's safety record and Amazon's practice of contracting smaller carriers.
—6 min read
BusinessTechnology
Aerospacelab Wins €2.4B Deal to Build 264 IRIS² Satellites
Belgium's Aerospacelab signed a €2.4 billion contract to build 264 satellites for the EU's IRIS² network, a sovereign alternative to Starlink.
—5 min read
TechnologyBusiness
Apple's New CEO Unveils the Foldable iPhone Duo
Apple CEO John Ternus unveiled the iPhone Duo, the company's first foldable iPhone, at $1,999. It marks his first big product launch.
—6 min read
BusinessEconomy
Services Trade Outpaces Goods as CIFTIS 2026 Opens
China's 2026 CIFTIS spotlights 'invisible' services trade growing 4.8% globally as AI reshapes how services cross borders.
—6 min read
BusinessFinance
Average Rob Seeks Fan Loans for Fries Chain Expansion
Belgian influencer Average Rob launches crowdlending to raise up to €1M for his fries chain La Patate, but experts warn of risks.
—4 min read
BusinessInternational
Shein debuts on Hong Kong exchange at steep discount
Fast-fashion giant Shein lists on Hong Kong Stock Exchange at $26.5B valuation, down 70% from peak, amid tariffs, slowing growth and regulatory scrutiny.
—4 min read
Local NewsBusiness
Knokke beach bar takes legal action over lost permit
Lekkerbek Beach in Knokke-Heist challenges concession loss at Council of State as six established beach bars face displacement from 2027.
—5 min read
Business
Coucke Wins Knokke Beach Bar, Six Operators Lose Spots
Marc Coucke wins a beach bar concession in Knokke-Heist's exclusive Het Zoute, while six established operators lose their spots in a major tender overhaul.
—4 min read
TechnologyBusiness
Meta's $17.1B Settlement: How the Deal Came Together
Meta's $17.1B settlement with state AGs is the largest Big Tech deal in history. Here's how it was negotiated and what it means for social media.
—6 min read
BusinessWorkplace Safety
Starbucks Drops Drink Powder That Sickened Baristas
Starbucks discontinues silica-based blending powder after baristas report respiratory issues, headaches and hives from inhaling dust clouds.
—5 min read
BusinessTechnology
SpaceX to Build $100 Billion Spaceport in Louisiana
SpaceX announces $100 billion Starbase Louisiana, its largest launch facility in Vermilion Parish, supporting thousands of launches annually.
—6 min read
TechnologyBusiness
Meta Reaches $18B Settlement in Teen Addiction Case
Meta agrees to pay up to $18 billion and overhaul platform safety features in a landmark settlement with 47 states over teen social media addiction.
—6 min read
BusinessSports
Belgian Business Leader Patrick De Greve Dies at 55
Patrick De Greve, Vlerick Business School director and LDP Donza basketball club chairman, has died unexpectedly at 55 from a heart attack.
—4 min read
TechnologyBusiness
Anthropic Eyes Record-Breaking $100B IPO at $2T Valuation
Anthropic is considering a massive IPO that could raise $100 billion at a $2 trillion valuation, potentially surpassing SpaceX's record.
—5 min read
BusinessFinance
Gen Z Turns to Stocks Over Housing for Wealth Building
New data shows Gen Z is building wealth through stock market investing rather than homeownership, reflecting changing economic realities.
—4 min read
EconomyBusiness
JD.com Takes Over Former Decathlon Site in Willebroek
Chinese e-commerce giant JD.com signs long-term lease for former Decathlon distribution center in Willebroek, Belgium, to expand European operations.
—4 min read
HealthBusiness
Moderna Surges After mRNA Cancer Treatment Passes Trial
Moderna and Merck announce their mRNA-based cancer vaccine intismeran met key endpoints in a Phase 3 melanoma trial, sending Moderna shares up over 120%.
—6 min read
BusinessTechnology
Amazon expands drone delivery to nearly 500 US cities
Amazon plans to expand Prime Air drone delivery to nearly 500 US cities by end of 2026, a sixfold increase from current operations.
—6 min read
BusinessInternational
JD.com to Open Major Distribution Center in Belgium
Chinese e-commerce giant JD.com signs long-term lease for a 50,000 m² warehouse in Willebroek, Belgium, expanding its European logistics network.
—6 min read
BusinessEnvironment
Starbase Seeks to Triple Size Amid Environmental Concerns
Elon Musk's Starbase, Texas seeks to annex 7,100 acres including wildlife refuge land, sparking concerns from landowners and environmental activists.
—5 min read
BusinessTechnology
McDonald's App Cuts Costly Missed Shifts for Workers
A new app called Escalate helps McDonald's workers get Uber rides, groceries, and childcare support, saving franchises thousands in missed shift costs.
—4 min read
AgricultureBusiness
AB InBev Donates 30,000 Liters of Water to Flower Grower
Beer giant AB InBev donates 30,000 liters of purified water to Belgian flower grower Michaël Vanhulst as severe drought threatens his harvest.
—4 min read
SportsBusiness
Iger and Kushner Buy Lakers in Record $12.5B Deal
Bob Iger and Josh Kushner buy the LA Lakers for a record $12.5 billion, the most expensive sports team sale in history.
—7 min read
BusinessTechnology
Belgian Telecom Giants Appeal IBPT Price Transparency Rules
Proximus, Orange and Telenet file individual appeals against IBPT's price transparency policy, challenging requirements they say go too far.
—4 min read
Business
Belgian Shops Can Now Open 7 Days a Week as Closing Day Ends
Belgium abolishes mandatory weekly closing day for retailers, allowing shops to open 7 days a week until 21:00. Small independents voice concerns.
—5 min read
BusinessEU
EU Packaging Rules Take Effect, Small Firms in the Dark
New EU packaging rules took effect today, but many Belgian small businesses face confusion over compliance and registration costs.
—5 min read
Business
Maredsous Abbey Diversifies: Gin, Festivals, New Future
Maredsous Abbey diversifies beyond cheese and beer into gin, whisky, and festivals to secure its financial future and fund basilica renovation.
—5 min read
Business
Trump Media Scraps Ventures, Sells Fast Access to Posts
Trump Media abandons side ventures after $238M Q2 loss, launches paid Truth API service giving Wall Street traders fast access to Trump's posts.
—6 min read
Business
Clothing brands woo Gen Z with needle and thread
From Levi's to Uniqlo, clothing brands are offering repair services and sewing workshops to win over Gen Z shoppers seeking sustainability and savings.
—7 min read
BusinessChina
China Shuffles External Directors at 9 State-Owned Giants
SASAC announces external director changes at nine central SOEs including Sinopec, State Grid, and China Mobile, advancing corporate governance reform.
—4 min read
ConsumerBusiness
China Expands Custom-Made Cosmetics Pilot to 23 Provinces
China expands custom-made cosmetics pilot to 23 provinces, meeting growing consumer demand for personalized skincare products.
—4 min read
Business
Ryanair Sets New Record with 22.2 Million Passengers in July
Ryanair carried a record 22.2 million passengers in July, up 7% year-on-year, despite surging fuel costs and the US-Iran war pressuring airline profits.
—4 min read
Business
Aldi Ends Price Blurring Experiment After Just Months
Aldi Belgium reverses its controversial price blurring for fresh promotions after three months, citing customer demand for advance price visibility.
—4 min read
Business
Stocks Waver Near Records as Oil Prices Hold Steady
US stocks wavered near record highs Wednesday as oil prices held steady amid ongoing Strait of Hormuz negotiations and strong corporate earnings.
—5 min read
BusinessTechnology
SpaceX Beats Expectations in First Public Earnings Report
SpaceX posts smaller-than-expected Q2 loss of $541M with revenue up 92% to $7.8B in first report as public company.
—6 min read
BusinessTechnology
SpaceX Beats Revenue Estimates in First Public Earnings Call
SpaceX reported $7.81B in Q2 revenue, beating estimates in its first earnings call as a public company, but AI spending and lockup expiration loom.
—5 min read
BusinessAutomotive
Xiaomi Unveils Extended-Range EVs Amid Cooling Market
Xiaomi launches SkyNomad extended-range SUVs as China's EREV market cools, targeting Li Auto and AITO with aggressive pricing.
—5 min read
BusinessTechnology
Xiaomi Flagship Phones Rise Up to 500 Yuan Amid Chip Costs
Xiaomi raises flagship phone prices by up to 500 yuan, marking its third price increase in 2026 as storage chip costs surge over 300%.
—4 min read
SocietyBusiness
Cake Shop Owner Refunds 16,000 Yuan Before Closing
A Xinjiang cake shop owner refunded over 16,000 yuan in membership fees to 100+ customers before closing, earning widespread praise for her integrity.
—4 min read
BusinessTechnology
Xiaomi Launches Extended-Range SUVs as Hybrid Boom Fades
Xiaomi unveiled two extended-range SUVs as the hybrid segment cools in China; SkyNomad pre-sales start at 259,900 yuan.
—4 min read
BusinessEconomy
Uncertain Trade Future Rattles Texas Businesses
Trump's USMCA non-renewal has thrown Texas businesses into uncertainty, with $350B in trade at risk and new tariffs compounding the pressure.
—5 min read
BusinessCrime
eBay to Pay $55.7 Million in Cyberstalking Settlement
eBay and former executives pay $55.7M to settle lawsuit over 2019 harassment campaign targeting journalists with cockroaches, fetal pig, and bloody mask
—5 min read
EconomyBusiness
South Korea's KOSPI Triggers Consecutive Circuit Breakers
South Korea's KOSPI fell 10.59%, triggering its second straight circuit breaker in historic selloff driven by semiconductor fears and chip sector turmoil.
—5 min read
BusinessEnvironment
Belgium's Pink Pigment Helps Fight Southern Europe Wildfires
A Belgian company's fluorescent pink pigment helps firefighters track aerial water drops as Southern Europe faces one of its worst wildfire seasons.
—4 min read
BusinessTechnology
Bpost now delivers missed packages same-day to Bbox lockers
Bpost launches nationwide same-day redelivery for missed packages to Bbox parcel machines, cutting wait times from 24 hours to just a few hours.
—4 min read
BusinessEconomy
Fed Holds Rates Steady as Warsh Signals Caution on Hikes
The Federal Reserve held rates at 3.50%-3.75% as Chair Kevin Warsh balanced cooling inflation against risks from the Iran conflict and rising oil prices.
—6 min read
BusinessEconomy
Trump Tariffs Push Some Companies Back to China
Trump's tariffs were meant to reduce reliance on China, but some companies are returning as economic logic still favors the world's factory floor.
—5 min read
BusinessLegal
Costco Reaches $14M Settlement Over Email Marketing
Costco agrees to $14M class-action settlement over deceptive promotional emails. Washington shoppers may receive up to $500 per qualifying message.
—4 min read
BusinessBelgium
Colruyt Closes 2 Okay Direct Stores in Ghent, Eyes Brussels
Colruyt Group closes two unstaffed Okay Direct stores in Ghent, plans new co-located branch in Etterbeek, Brussels, in retail strategy shift.
—4 min read
BusinessUS
J&J Reaches $5.5B Talc Settlement to End Decade of Lawsuits
Johnson & Johnson's $5.5 billion settlement could resolve 76,000 talc-cancer lawsuits, ending a decade-long legal battle over baby powder safety.
—5 min read
BusinessTechnology
CXMT Soars 472% in Landmark Shanghai STAR Market Debut
CXMT surged 472% on its STAR Market debut, becoming China's most valuable listed company in a landmark IPO marking a decade of domestic DRAM development.
—5 min read
TechnologyBusiness
Tencent Merges AI Teams Into New Unit Led by Chief Scientist
Tencent consolidates multimodal and LLM teams into a new Basic Model Department led by Chief Scientist Yao Shunyu, marking a shift in AI strategy.
—4 min read
BusinessEconomy
Cracker Barrel CEO Steps Down After $700M Rebrand Backlash
Cracker Barrel CEO Julie Masino steps down after a failed $700M rebrand sparked backlash from customers and Trump. Industry veteran David Deno takes over.
—4 min read
TechnologyBusiness
Tencent Merges Multimodal and LLM Teams Into New AI Unit
Tencent consolidates multimodal and LLM teams into a single Foundation Model Department under chief AI scientist Yao Shunyu, intensifying the AI race.
—4 min read
BusinessMedia
Paramount Pauses $110B Warner Merger Amid Legal Fight
Paramount pauses $110B Warner Bros. acquisition after federal judge grants restraining order as 12 states and WGA challenge merger on antitrust grounds.
—6 min read
TechnologyBusiness
Chinese AI Models Gain Ground in the US Market
Chinese AI models from Moonshot, DeepSeek, and Z.ai gain US traction as cheaper, open-source alternatives challenge American AI dominance.
—6 min read
Science & TechnologyBusiness
Tencent Merges Multimodal LLM Teams Into New AI Unit
Tencent merges LLM and multimodal teams under ex-OpenAI scientist Yao Shunyu, creating a unified Foundation Model Department to accelerate multimodal AI.
—4 min read
BusinessMedia
Paramount Pauses Warner Bros. Merger Amid Legal Challenges
Paramount pauses its $111B Warner Bros. acquisition amid antitrust lawsuits from 12 states and the Writers Guild, facing billions in penalties.
—5 min read
BusinessPersonal Finance
Fidelity: Retirees Will Need $185,500 for Healthcare Costs
Fidelity's 25th annual estimate finds retirees will need $185,500 for healthcare costs, a 7.5% jump from 2025 driven by rising prices.
—4 min read
BusinessEconomy
Gen Z Fell Out of Love With Work: Reshaping US Workforce
Generation Z is redefining career success, rejecting traditional paths for work-life balance and purpose. Deloitte and BofA data reveal the shift.
—6 min read
TechnologyBusiness
Apple Raises Music and One Prices as Licensing Costs Climb
Apple hikes Apple Music and Apple One prices across the US, citing rising licensing costs. Individual plans rise $1 to $11.99 monthly.
—4 min read
TechnologyBusiness
DeepSeek Hits $52B Valuation in Record Funding Round
DeepSeek raises $7.4B at $52B valuation in landmark funding round backed by Tencent and CATL, setting a new record for AI financing in China.
—6 min read
AutomotiveBusiness
XPeng Launches L03 in Germany, Challenging Tesla in Europe
XPeng launches MONA L03 in Munich, undercutting Tesla Model Y by up to $10,400 as Chinese EV makers accelerate their European push.
—4 min read
TechnologyBusiness
The Hidden Builders of America's AI Data Center Boom
Private developers driving America's AI data center boom face a nationwide backlash from communities and regulators over environmental concerns.
—6 min read
AutomotiveBusiness
XPeng Launches L03 SUV in Germany, Challenging EU EV Market
Chinese EV maker XPeng launches the MONA L03 compact SUV in Munich, undercutting Tesla and Audi with AI features as it expands in Europe.
—5 min read
BusinessMarkets
AI Stocks Tumble, Oil Surges as Iran Conflict Hits Markets
AI and tech stocks tumbled while oil prices surged amid escalating US-Iran conflict, as the S&P 500 posted its first losing week in three.
—4 min read
BusinessRegulation
Kalshi: Sports App or Financial Exchange? Billions at Stake
A legal battle over whether Kalshi is a sports gambling app or financial exchange could determine billions in tax revenue and reshape U.S. betting.
—6 min read
BusinessFinance
Stocks Sink as AI Spending Anxiety Triggers Global Sell-Off
Global markets tumble as investor anxiety over massive AI spending triggers a broad sell-off, with the semiconductor sector entering bear territory.
—4 min read
BusinessSocial Issues
Ben & Jerry's Foundation to Shut Down Amid Legal Dispute
The Ben & Jerry's Foundation will suspend operations by year-end after parent company Magnum cut funding, leaving $600K in Vermont grants at risk.
—5 min read
EconomyBusiness
America's Entrepreneurial Boom Reverses Decades-Long Decline
Americans filed 5.7 million business applications in 2025 as a surge in entrepreneurship reverses a decades-long slump, driven by AI and a weak job market.
—5 min read
EconomyBusiness
Colos Opens Belgium's Largest DIY Store in Machelen
Colos, sister chain of Hubo, opens Belgium's largest DIY store in Machelen with 20,000 m² of space, low prices, and plans for 10-15 locations.
—4 min read
BusinessAviation
Lorenza Maggio Appointed New CEO of Brussels Airlines
Lufthansa Group appoints Lorenza Maggio as new Brussels Airlines CEO, succeeding Dorothea von Boxberg. The Italian executive brings ITA expertise.
—4 min read
PoliticsBusiness
Nike Becomes Trump Target as EEOC Investigation Targets DEI
The EEOC investigation into Nike over alleged discrimination against white workers provides a road map for the Trump administration's assault on DEI.
—5 min read
BusinessTechnology
Dimon Urges Calm on AI Fears, Reveals JPMorgan Job Shifts
JPMorgan CEO Jamie Dimon urges the public to stop being 'breathless' over AI job fears, even as the bank reveals AI reduced roles by 30-40% in some areas.
—4 min read
Culture & EntertainmentBusiness
Live Nation Sells Dour Festival Stake to French Rival Group
Live Nation sells its 50.05% stake in Belgium's Dour Festival to RIVAJ, a French group linked to rival Les Ardentes, reshaping Wallonia festivals.
—4 min read
BusinessAutomotive
Detroit's $53 Billion EV Wipeout: Can American Auto Survive?
Detroit's Big Three have destroyed $53 billion in EV investments as Chinese automakers surge. An analysis of the crisis facing the American auto industry.
—5 min read
BusinessEconomy
Jamie Dimon Understands Why Americans Have Grown Anti-Rich
JPMorgan Chase CEO Jamie Dimon acknowledges working families have been left behind, validating anti-rich sentiment amid growing economic inequality debate.
—4 min read
BusinessAutomotive
Subaru Recalls 541,000 SUVs Over Incorrect Weight Labels
Subaru recalls 541,237 SUVs including Ascent, Forester, and Crosstrek over incorrect weight rating labels that could lead to overloading and crash risk.
—5 min read
BusinessTechnology
BYD Expands in UK With Denza Z and Ultra-Fast Charging Net
BYD launches the Denza Z supercar at Goodwood and plans 300 Flash Charger stations in the UK, offsetting a domestic slump with overseas growth.
—5 min read
BusinessEconomy
Shein Gets Chinese Regulatory Approval for Hong Kong IPO
Chinese fast-fashion giant Shein secures CSRC approval for its Hong Kong IPO after failed attempts in New York and London, targeting $40-50 billion.
—4 min read
TechnologyBusiness
Apple Sues OpenAI for Trade Secret Theft in Tech Feud
Apple sues OpenAI, accusing Sam Altman's company of stealing trade secrets through former employees to boost its hardware ambitions.
—5 min read
BusinessPhilanthropy
Buffett Omits Gates Foundation After Epstein Ties Revealed
Warren Buffett omits the Gates Foundation from his annual $6B donation after disclosures of Bill Gates' ties to Jeffrey Epstein.
—4 min read
Business
12 States Sue to Block Paramount's Warner Bros. Takeover
12 Democratic state attorneys general filed an antitrust lawsuit to block Paramount Skydance's $110.9 billion acquisition of Warner Bros. Discovery.
—5 min read
TechnologyBusiness
AI Notetakers Raise Privacy Alarms as Legal Challenges Mount
AI notetaking tools promise effortless meeting recaps, but privacy experts warn of data risks, voiceprint collection, and legal exposure.
—5 min read
BusinessTechnology
Xiaomi and Meituan Announce Major Job Cuts
Xiaomi and Meituan cut thousands of jobs amid profit declines, price wars, and AI-driven restructuring in China's tech sector.
—5 min read
BusinessAutomotive
Seres Swings to $206M Loss as Huawei Partnership Costs Bite
Chinese EV maker Seres forecasts H1 2026 loss of 1.5-1.8 billion yuan, swinging from profit, as the 'Huawei tax' and rising costs pressure margins.
—4 min read
BusinessEconomy
VW to Cut 1 Million Vehicle Capacity Amid China Threat
Volkswagen plans to cut 1 million vehicles of capacity and slash its model lineup by up to 50% as Chinese rivals erode market share in China and Europe.
—5 min read
BusinessTechnology
Xiaomi Cuts Jobs Across Divisions Amid Earnings Pressure
Xiaomi cuts jobs across divisions amid a 56.5% profit plunge, as the Chinese tech giant restructures to cut costs while betting billions on AI.
—4 min read
BusinessTechnology
Meituan Cuts Jobs After Costly Instant-Retail Price War
Meituan lays off fewer than 2,000 employees after a brutal price war in China's instant-retail sector erased billions in profit as it pivots to AI.
—4 min read
BusinessTechnology
70 Years On: China's Auto Journey from Truck to World Lead
China marks 70 years since its first domestically made car, celebrating its journey from one truck factory to the world's top auto market and EV leader.
—5 min read
TechnologyBusiness
Meituan Cuts Jobs After Costly Price War, Pivots to AI
Meituan lays off nearly 2,000 employees after a year-long instant-retail price war burned RMB 150 billion. The company now pivots aggressively toward AI.
—5 min read
EconomyBusiness
Sinopec and China Aviation Oil Complete Landmark Merger
Sinopec completes restructuring of China Aviation Oil, creating an integrated aviation fuel giant to boost energy security and SAF development.
—4 min read
SportsBusiness
Khosla Family Buys Seahawks for Record $9.612 Billion
Khosla family buys defending Super Bowl champion Seattle Seahawks for $9.612 billion, an NFL record. Proceeds will go to charity.
—4 min read
TechnologyBusiness
AI Notetakers Spark Privacy and Legal Worries as Suits Grow
AI notetaking tools promise meeting efficiency but face growing backlash over privacy, consent, and attorney-client privilege risks.
—5 min read
TechnologyBusiness
AI Economy Drives $3.2 Trillion Deal Frenzy, Legal Fights
AI-driven M&A hits $3.2 trillion in H1 2026, publishers seek sanctions against OpenAI, and AI notetakers spark workplace privacy debates.
—5 min read
EconomyBusiness
AB InBev Strike in Leuven Ends as Deal Reached on Workload
A six-day strike at AB InBev's Leuven distribution center ends after unions and management agree on new hires, a heat plan, and a review of a dismissal.
—4 min read
BusinessTechnology
Blue Origin Valued at $130B in First Fundraising Round
Jeff Bezos' Blue Origin raises $10B at a $130B valuation in its first external funding round, led by Coatue, as the space race with SpaceX intensifies.
—4 min read
TechnologyBusiness
Ubtech Defends Bionic Robot Battery Life as Industry Norm
Ubtech responds to controversy over its U1 bionic companion robots, defending 2-4 hour battery life as industry standard, positioning them as companions.
—5 min read
EconomyBusiness
Gheysens Cashes In €260M from Sale of Warsaw Skyscraper
Belgian tycoon Paul Gheysens sells Warsaw's The Bridge skyscraper to Eastnine for €260M, providing critical liquidity for his struggling Ghelamco Group.
—5 min read
BusinessEconomy
AI Stocks Resume Decline, Dragging Global Markets Lower
AI stocks tumbled Tuesday as Samsung's record earnings triggered profit-taking, dragging global markets lower and raising valuation concerns.
—4 min read
BusinessTravel
US Airlines Redesign Travel Around Highest-Paying Passengers
US airlines are overhauling air travel to cater to premium passengers, expanding luxury cabins while economy travelers face shrinking amenities.
—5 min read
BusinessAutomotive
Ford Recalls Over 110,000 Mustang Models Over Safety Defects
Ford recalls 110,626 Mustang vehicles across two campaigns for windshield wiper and rear differential defects affecting 2021-2026 models.
—4 min read
ObituaryBusiness
George E. Johnson, Black Hair Care Pioneer, Dies at 99
George E. Johnson, founder of Johnson Products and the first Black-owned firm on the American Stock Exchange, has died at 99.
—5 min read
TechnologyBusiness
Amazon's Ironic Space Bet: Challenging Starlink's Monopoly
Amazon reaches 396 satellites for its Leo internet service, aiming to break Starlink's monopoly. But the tech giant's own contradictions raise eyebrows.
—4 min read
CrimeBusiness
Forensic Battle Erupts Over Tony Hsieh's $500M Mystery Will
Forensic experts test a mysterious will that surfaced years after Zappos founder Tony Hsieh's death, sparking a legal battle over his fortune.
—5 min read
International TradeBusiness
Malaysia Blocks Low-Cost EV Imports, Hits Chinese Automakers
Malaysia's new EV import rules block budget Chinese models like BYD's Dolphin, protecting national carmakers but risking trade ties with China.
—5 min read
BusinessRegulation
China's Jade Hub Bans Deceptive Live-Streaming Tactics
China's Yunnan Dehong Prefecture bans scripted marketing in jewelry live-streaming, targeting deceptive 'sob story' tactics that exploited fake actors.
—5 min read
MediaBusiness
Belgium Greenlights Rossel-IPM Media Merger
Belgium's Competition Authority approves the Rossel-IPM merger, creating a near-monopoly in French-language print media.
—5 min read
BusinessEconomy
Krëfel Gets €73M Lifeline from Mulliez Family in Rescue Bid
Belgian retailer Krëfel gets €72.8M recapitalization from the Mulliez family, aiming for breakeven in 2026 after years of losses.
—5 min read
BusinessEconomy
Pieter Bourgeois Leaves Alychlo for Koramic CEO Role
Pieter Bourgeois departs Marc Coucke's Alychlo three months after CEO ouster, becoming co-CEO of Koramic Investments with a path to sole leadership.
—4 min read
BusinessTechnology
SiliconFlow Files for IPO as First AI Token Factory
Chinese AI startup SiliconFlow files for HKEX IPO under Chapter 18C, aiming to become the first publicly listed AI Token factory.
—5 min read
Business
Tesla Sales Surge 25% as European Market Rebounds
Tesla delivered 480,126 vehicles in Q2 2026, a 25% year-over-year surge driven by European market recovery and rising gas prices amid the Iran conflict.
—4 min read
BusinessInternational
Volkswagen Urged to Build China-Developed Cars in Germany
Lower Saxony Premier Olaf Lies urges Volkswagen to build China-developed cars at German plants to protect jobs amid reports of massive job cuts.
—5 min read
SportsBusiness
Antwerp FC Owner Gets Payment Deferral Amid Takeover Talks
Paul Gheysens gets payment deferral from Fasanara as a consortium with Wouter Vandenhaute and Toby Alderweireld negotiates to take over Antwerp FC.
—4 min read
BusinessLegal
DOJ Settles Egg Producers Over Price Manipulation Claims
The DOJ and 17 states reached a $3.3M settlement with Cal-Maine, Versova, and Hickman's over allegations of manipulating egg prices.
—5 min read
BusinessAutomotive
BMW Invests $1.7B in SC, Unveils First U.S.-Built EV
BMW completes $1.7B South Carolina investment, unveils fifth-gen X5 with five drivetrain options including the electric iX5 built in the U.S.
—5 min read
TechnologyBusiness
Meta Explored Buying Kalshi Before Building Prediction App
Meta CEO Mark Zuckerberg met with Kalshi CEO Tarek Mansour about a potential acquisition in 2025 before deciding to build Arena, its own prediction app.
—4 min read
EconomyBusiness
Belgian Champagne Giant Vranken-Pommery on Brink of Collapse
Belgian champagne group Vranken-Pommery faces collapse with €750M in debt, entering exclusive talks with German rival Henkell for a takeover.
—5 min read
EconomyBusiness
Belgium's New Richest Family: The Lhoist-Berghmans Dynasty
The Lhoist-Berghmans family is now Belgium's richest after selling their lime division to Martin Marietta for $13.5 billion, with €12.9 billion estimated.
—7 min read
BusinessTechnology
BMW to Build Electric SUV in South Carolina in $1.7B Deal
BMW completes $1.7 billion South Carolina investment, confirms iX5 as first US-assembled EV starting late 2026, and unveils five-drivetrain X5.
—5 min read
AutomotiveBusiness
Ford Recalls 741,000 Vehicles Over Park System Rollaway Risk
Ford recalls 741,195 vehicles in the U.S. due to a park system defect that could cause rollaways. See affected models and what owners should do.
—4 min read
TechnologyBusiness
DeepSeek Launches Massive Hiring Spree After $7.4B Round
Chinese AI startup DeepSeek launches its largest-ever recruitment drive after closing a $7.4 billion funding round, aiming to double headcount.
—4 min read
EconomyBusiness
Belgian Inflation Drops to 3.4% in June, Triggers Indexation
Belgian inflation eased to 3.4% in June, crossing the spilindex threshold and triggering wage indexation in September under new centenindex rules.
—4 min read
EconomyBusiness
EIB Commits Record €3 Billion to Airbus for Innovation
The EIB approved a record €3 billion loan to Airbus, the largest corporate loan in its history, to boost European aerospace innovation.
—4 min read
TechnologyBusiness
DeepSeek Plans to Double Workforce After $7.4B Funding Round
Chinese AI startup DeepSeek launches massive hiring drive to double all departments after closing a $7.4 billion funding round.
—4 min read
SportsBusiness
DAZN Must Pay 85% of Belgian Football TV Rights for 2026-27
Streaming platform DAZN must pay 85% (€71.6M) of Belgian football TV rights for 2026-2027, a Belgian arbitration tribunal has ruled provisionally.
—4 min read
TechnologyBusiness
AI Reshapes Corporate Structures, Hollows Out Management
A new report reveals AI is hollowing out middle management globally, with 363 tech layoff events affecting 150,000 workers in 2026.
—5 min read
ConsumerBusiness
Milka to Refill Hollow Easter Eggs After Consumer Backlash
Milka parent Mondelez apologizes and promises fuller Easter eggs for 2027 after Belgian consumer backlash over hollow eggs and shrinkflation concerns.
—4 min read
BusinessTech
Musk Loses Trillionaire Status; Apple Hikes Mac, iPad Prices
Elon Musk's fortune drops below $1T amid tech sell-off, Apple hikes Mac and iPad prices, and Newsom pushes a national billionaires tax.
—5 min read
BusinessTechnology
Apple Hikes Mac and iPad Prices Amid AI Memory Chip Shortage
Apple raises prices across Macs, iPads, and more by up to $1,300, citing an AI-driven memory chip shortage. Analysts expect iPhone hikes later this year.
—4 min read
BusinessTech
Elon Musk Loses Trillionaire Status After Tech Sell-Off
Elon Musk lost his trillionaire status as a tech sell-off erased billions from his fortune. He remains the world's richest person by a wide margin.
—5 min read
TechnologyBusiness
NVIDIA CEO Huang: AI Has Officially Entered Profit Phase
NVIDIA CEO Jensen Huang declares AI is now profitable, unveils Vera Rubin mass production, and describes a multi-decade AI infrastructure buildout.
—5 min read
BusinessRetail
Sephora Opens First Belgian Store in Brussels Amid Criticism
Sephora opens its first Belgian store in Brussels to long queues, but faces criticism over marketing and an Italian antitrust probe.
—4 min read
TechnologyBusiness
WhatsApp Taps Fintech Founder Kunal Shah as New CEO
Meta appoints CRED founder Kunal Shah as WhatsApp's new CEO and invests $900M, signaling a major push to monetize the messaging platform.
—4 min read
TechnologyBusiness
Meta Builds AI Prediction Market App Arena, Documents Reveal
Meta is developing Arena, an AI-powered prediction market app separate from Facebook and Instagram, internal documents show.
—4 min read
TechnologyBusiness
Apple Raises Prices on Macs and iPads Amid AI Memory Crisis
Apple hikes Mac, iPad, and accessory prices as AI boom drives memory chip costs up 200-400%. iPhone spared for now, but analysts expect fall increases.
—6 min read
EconomyBusiness
China's Ad Revenue Breaks 2 Trillion Yuan for First Time
China's ad industry revenue exceeded 2 trillion yuan in 2025, a 32.6% jump, marking a historic milestone driven by digital growth and policy support.
—5 min read
BusinessTechnology
bpost Now Shows Your Mail Carrier's Name in Notifications
bpost now displays mail carriers' first names in delivery notifications, aiming to boost transparency and personalize customer experience.
—4 min read
BusinessEnergy
Oil Prices Hit Four-Month Lows as Hormuz Traffic Recovers
Oil prices dropped to four-month lows as tanker traffic through the Strait of Hormuz recovers to 25% of pre-war levels after the U.S.-Iran peace deal.
—4 min read
BusinessTechnology
AI Stock Slump: Profit-Taking or Deeper Market Nerves?
A global sell-off in AI stocks has erased billions in market value, raising questions about whether investors are taking profits or signaling concern.
—5 min read
BusinessSocial Media
Genk Restaurant Hit by Fake Reviews After Viral TikTok Video
A Genk restaurant was flooded with fake negative reviews after a TikTok video went viral. The owner warns such attacks could destroy small businesses.
—5 min read
BusinessFood
McDonald's Brings Back Fried Apple Pie for America's 250th
McDonald's brings back its iconic fried apple pie nationwide starting June 23 to celebrate America's 250th birthday, the first return since 1992.
—4 min read
BusinessFood
Why Cottage Cheese Is Disappearing From Store Shelves
A nationwide cottage cheese shortage has shoppers finding empty shelves. TikTok trends, protein obsession, and supply constraints are driving the crisis.
—5 min read
BusinessFinance
Musk Cashes In Record $116 Billion Tesla Payday
Elon Musk exercises $116 billion in Tesla stock options, the largest executive payday in history, fueling Tesla-SpaceX merger speculation.
—5 min read
TechnologyBusiness
YMTC Cedes Control of Foundry Unit Ahead of Mega IPO
Chinese chipmaker YMTC cedes control of its foundry unit XMC to a state-backed fund, streamlining operations ahead of a blockbuster STAR Market IPO.
—5 min read
BusinessBelgium
RTBF's New HQ Hit by €112 Million Construction Dispute
Belgium's RTBF faces a €112 million claim from builders of its new Media Square headquarters, just one day after the royal inauguration.
—4 min read
BusinessLifestyle
Sephora Opens First Belgian Store in Brussels on June 25
Sephora opens its first Belgian store at Docks Bruxsel on June 25, introducing Rare Beauty, Laneige, Hourglass and more to the market.
—4 min read
EconomyBusiness
2026 China Brand Forum Held in Xiong'an
The 2026 China Brand Forum convened in Xiong'an, gathering policymakers and industry leaders to discuss brand innovation under the 15th Five-Year Plan.
—4 min read
BusinessTechnology
Retail Investors Fuel SpaceX's Historic IPO Surge
SpaceX shares surged over 40% after its record $75B IPO, driven by unprecedented retail demand. But valuation concerns loom with a P/S ratio of 130x.
—5 min read
BusinessTechnology
China's 618: Regulators Reshape E-Commerce as AI Grows
China's 618 shopping festival sees regulators crack down on unfair practices while AI transforms e-commerce for millions of consumers and merchants.
—5 min read
TechnologyBusiness
Ant Group Revamps Alipay With AI Assistant in Major Overhaul
Ant Group launches Alipay's biggest-ever overhaul with AI assistant Abao, transforming the app into an AI-native super app with over 10,000 services.
—5 min read
BusinessEconomy
NIO Founder Warns China Car Sales Could Plunge 20% in 2026
NIO founder William Li predicts China's auto sales will fall 15-20% in 2026 as the market enters its most brutal phase of competition.
—4 min read
BusinessDiplomacy
22nd ASEAN Chinese Business Summit Opens in Kunming
The 22nd ASEAN Chinese Business Summit opens in Kunming, bringing together 300 leaders from 45 countries to strengthen China-ASEAN economic ties.
—4 min read
BusinessEconomy
7th Multinational Summit Opens in Qingdao for Business
The 7th Multinational Corporation Leaders Summit opens in Qingdao with 357 global firms, as China signals openness to foreign investment.
—4 min read
Culture and SocietyBusiness
Lululemon Apologizes Over Great Wall Drum Controversy
Lululemon apologizes after a Great Wall yoga event sparked backlash for using Japanese taiko drums, highlighting cultural risks for brands in China.
—4 min read
EconomyBusiness
Colruyt Loses Market Share but Refuses Sunday Openings
Colruyt loses market share to Sunday-opening rivals. CEO Stefan Goethaert explains why the chain won't open Sundays without labor cost reform.
—4 min read
BusinessEconomy
Musk's Delaware Feud Triggers $3 Trillion Corporate Exodus
Elon Musk's legal battle with Delaware over his Tesla pay sparked a mass corporate exodus, with over $3 trillion in market cap leaving the state.
—6 min read
EntertainmentBusiness
Micro-Budget Horror Films Reshape the Summer Box Office
'Obsession' and 'Backrooms' are dominating summer box offices, challenging superhero blockbusters and signaling a shift toward creator-driven cinema.
—4 min read
BusinessEconomy
Walloon SME Elneo Acquires Rivals in France and Netherlands
Belgian compressed air specialist Elneo buys Alto Instruments and Airtec Pneumatic Engineering, boosting revenue to €30 million.
—4 min read
BusinessEconomy
Neuhaus Opens First Mumbai Store, Bringing Pralines to India
Belgian chocolate maker Neuhaus opens its first Indian boutique at Navi Mumbai International Airport, with a second store in Mumbai following in July.
—4 min read
BusinessEconomy
Syensqo at a Crossroads: New CEO Charts a Bold Path Forward
Syensqo CEO Mike Radossich unveils a strategic pivot toward advanced materials and aerospace, launching a review of the Performance & Care segment.
—5 min read
TechnologyBusiness
SpaceX Acquires AI Startup Cursor for $60B After Record IPO
SpaceX agrees to acquire AI coding startup Cursor for $60 billion in stock, days after its historic IPO, as it seeks to bolster its struggling AI division.
—5 min read
BusinessEconomy
J&J CEO Credits Trump Tax Policies for $55B US Push
J&J CEO Joaquin Duato credits Trump tax policies for a $55 billion US investment push, including $1 billion in Jacksonville, Florida.
—4 min read
BusinessFood Industry
Yum Brands Sells Pizza Hut for $2.7 Billion Strategic Shift
Yum Brands sells struggling Pizza Hut chain to LongRange Capital and Yum China for $2.7 billion, sharpening focus on KFC and Taco Bell.
—5 min read
FoodBusiness
Jersey Mike's Dethrones Chick-fil-A in Customer Satisfaction
Jersey Mike's ends Chick-fil-A's 11-year reign as America's top-rated fast-food chain, scoring 84 in the latest ACSI customer satisfaction study.
—4 min read
BusinessChina
Meet the Noodle Founder Apologizes, Donates Trademark
After suing a small noodle shop for trademark infringement, Meet the Noodle's founder apologizes, donates the trademark, and fires the law firm.
—5 min read
BusinessEconomy
H&M Ghlin Workers Accept Deal, Ending Labor Dispute
H&M Logistics workers in Ghlin voted 306-17-1 to accept redundancy proposals, ending a dispute marked by a rare lock-out.
—4 min read
BusinessMedia
Fox Acquires Roku for $22 Billion in Landmark Streaming Deal
Fox acquires Roku for $22 billion, creating the third-largest player in U.S. television by merging live sports and news with its streaming platform.
—5 min read
BusinessTechnology
SpaceX Stock Surges 14% on First Full Day After Record IPO
SpaceX shares surged 14% on Monday, the first full day of trading, pushing the company's market cap above $2.2 trillion after the largest IPO in history.
—4 min read
BusinessEnergy
GCL-Poly Pivots from Silicon to Lithium in Strategic Shift
GCL Technology pivots from solar silicon into lithium battery materials as the solar industry faces a severe overcapacity crisis and storage booms.
—5 min read
EconomyBusiness
China's Economy Resilient: Foreign Investment, Chip Boom
China's economy signals strength: 530,000+ foreign firms, Japan chip exports surge 48%, and family trusts near 1 trillion yuan.
—6 min read
EconomyBusiness
China FDI Tops $3.6 Trillion; High-Tech Investment at Record
China hosts over 530,000 foreign-funded enterprises with $3.6 trillion in FDI. High-tech investment surges 20.3%, reaching a record 40.4% share.
—6 min read
EconomyBusiness
China Family Trusts Hit $147B as Wealth Transfers Rise
UBS reports China's family trust market neared $147 billion in 2025, driven by first-generation entrepreneurs planning wealth transfers.
—4 min read
EconomyBusiness
Caixin Summer Summit Opens in Hong Kong on AI and GBA
The 9th Caixin Summer Summit opens in Hong Kong, uniting leaders to discuss AI, Greater Bay Area integration, and global expansion.
—4 min read
International NewsBusiness
Global Roundup: SpaceX, Yoon, Iran, World Cup, World Bank
SpaceX goes public at $1.77 trillion, Yoon Suk Yeol gets 30 years, Trump cancels Iran strikes, World Cup kicks off, and World Bank cuts growth forecast.
—6 min read
BusinessTechnology
SpaceX Shatters Records in Historic $75 Billion IPO
SpaceX went public in the largest IPO in history, raising $75 billion and making Elon Musk the world's first trillionaire.
—5 min read
BusinessCulture
Patagonia Sues Drag Queen Pattie Gonia in Trademark Dispute
Patagonia is suing drag queen and climate activist Pattie Gonia for trademark infringement, sparking debate over corporate branding and LGBTQ+ advocacy.
—5 min read
ImmigrationBusiness
SBA Restricts Small Business Loans to U.S. Citizens Only
The SBA now requires 100% U.S. citizenship for small business loans, barring green card holders and legal immigrants from federal funding.
—5 min read
CrimeBusiness
Appeals Court Upholds Sam Bankman-Fried Fraud Conviction
Federal appeals court upholds FTX founder Sam Bankman-Fried's fraud conviction and 25-year sentence, rejecting defense claims of unfair trial.
—4 min read
TechnologyBusiness
DingTalk Appoints 34-Year-Old Tech Prodigy Chen Yushen CEO
Alibaba's DingTalk replaces founder Chen Hang with 34-year-old Chen Yushen after a viral employee letter exposed management dysfunction and public rebuke.
—6 min read
BusinessTechnology
Alibaba Partnership Rebukes DingTalk Management
Alibaba's Partnership Committee publicly criticizes DingTalk's management after a viral employee essay exposes workplace culture issues at the tech unit.
—5 min read
BusinessTechnology
Hellohub Denies 'Loss of Control' Claims in Critical Report
Chinese mobility giant Hellohub denies allegations of regulatory evasion and safety failures after a critical investigative report by Titan Media.
—5 min read
BusinessCulture
Cécémel No More: Iconic Belgian Drink Rebrands as Chocomel
After 77 years, Belgium's beloved Cécémel chocolate milk is rebranding to Chocomel. The change unifies the brand across Europe but stirs nostalgia.
—4 min read
TechnologyBusiness
SpaceX IPO: What Investors Need to Know Before the Big Debut
SpaceX targets a $1.75 trillion IPO at $135 per share, listing on Nasdaq as SPCX as early as June 12. Here's what investors need to know.
—7 min read
TechnologyBusiness
DingTalk VP Ma Ruila Resigns, Questions Product Direction
DingTalk VP Ma Ruila resigns, questioning if Alibaba's platform is innovating or chasing trends. The departure follows a viral internal post.
—5 min read
EconomyBusiness
Cotti Coffee Arrives in Belgium with €1 Coffee Cups
Chinese coffee chain Cotti Coffee launches in Belgium with €0.99 cups, opening six stores. The aggressive pricing threatens Starbucks and Costa Coffee.
—5 min read
EntertainmentBusiness
SAG-AFTRA Ratifies 4-Year Deal with Studios and Streamers
SAG-AFTRA members voted 91.42% to ratify a four-year contract with studios, securing AI protections, pension merger, and wage increases.
—4 min read
BusinessEconomy
SpaceX, Anthropic IPOs and Texas Leads Fortune 500: Roundup
SpaceX files for record $75B IPO, Anthropic goes confidential, Texas tops California in Fortune 500, and American Airlines cuts routes amid fuel crisis.
—5 min read
TechnologyBusiness
Alibaba Elevates CTO Wu Zeming to Top Leadership Panel
Alibaba promotes CTO Wu Zeming to its Partnership steering committee, placing a technology leader alongside Jack Ma and Joe Tsai to drive AI strategy.
—4 min read
BusinessPolitics
Elon Musk on Track to Be World's First Trillionaire
Elon Musk is set to become the world's first trillionaire after SpaceX's IPO, igniting Democratic attacks on wealth inequality ahead of the 2026 midterms.
—5 min read
EconomyBusiness
Transuniverse Saves 282 Jobs in Ziegler Belgium Acquisition
Transuniverse takes over most Ziegler Belgium activities across seven sites, saving 282 of 415 jobs. Van Moer Logistics acquires air freight division.
—4 min read
BusinessFinance
Short Seller Andrew Left Convicted of Securities Fraud
Andrew Left, the prominent short seller known for bets against GameStop and Peloton, was convicted on 13 counts of securities fraud by a federal jury.
—5 min read
TechnologyBusiness
Anthropic Files for IPO, Igniting AI Public Listing Race
Anthropic, the AI company behind Claude, confidentially filed for an IPO with the SEC. Valued at $965B, it leads a wave of AI public listings.
—5 min read
TechnologyBusiness
Zhipu AI Hits Record $112 Billion Valuation on Stock Surge
Zhipu AI's market cap surpassed HK$880 billion after shares surged 1,600% since IPO, making it one of Hong Kong's most valuable tech firms.
—5 min read
TechnologyBusiness
AI Takes Center Stage in China's 618 Shopping Festival
Artificial intelligence is reshaping China's 618 shopping festival as e-commerce platforms deploy AI for recommendations, customer service, and logistics.
—4 min read
BusinessSociety
CEO Puts €10,000 Salary on Billboard to Break Pay Taboo
Belgian CEO Maura Nachtergaele, 33, publicly displays her €10,000 gross monthly salary on a billboard in Antwerp to spark debate on wage transparency.
—4 min read
EnvironmentBusiness
Pairi Daiza CEO Slams 'Ideological Wall' Against Science
Pairi Daiza CEO Éric Domb criticizes ideological opposition to zoos and defends conservation work after renouncing an 11.5M euro Walloon subsidy.
—4 min read
BusinessEnergy
Exxon, Chevron Warn Oil Prices May Hit $160 in Hormuz Crisis
ExxonMobil and Chevron executives warn oil prices could hit $150-$160 per barrel as global inventories near critical lows amid the Strait of Hormuz crisis.
—5 min read
Science & TechnologyBusiness
Zhipu AI Hits $112B Record Valuation, Defying Concerns
Chinese AI developer Zhipu AI surges to $112 billion market cap after shares hit record HK$1,993, reflecting investor confidence in China's AI sector.
—4 min read
SportsBusiness
Courtois Builds €88 Million Business Empire Beyond Football
Real Madrid star Thibaut Courtois built a €88 million business empire spanning sports, tech, music, and hospitality via NXTPLAY Capital.
—4 min read
TechnologyBusiness
Hyundai to Deploy 25,000 Atlas Robots in US Factories
Hyundai plans to deploy 25,000 Boston Dynamics Atlas humanoid robots at US factories by 2028, the largest industrial robotics rollout in history.
—5 min read
IndustryBusiness
SAIC Motor: China's First 100-Million-Vehicle Automaker
SAIC Motor delivers its 100-millionth vehicle in Shanghai, becoming China's first automaker to reach the milestone and reshaping the global auto industry.
—4 min read
TechnologyBusiness
Xiaomi Slashes AI API Prices by 99% in China Price War
Xiaomi cuts MiMo-V2.5 API prices by up to 99% to match DeepSeek, reigniting China's AI price war amid weak Q1 earnings and rising global AI costs.
—5 min read
BusinessFinance
Duan Yongping Becomes Pop Mart's Second-Largest Shareholder
Renowned Chinese value investor Duan Yongping acquires a 5.69% stake in Pop Mart worth HKD 11.8 billion, becoming the company's second-largest shareholder.
—4 min read
TechnologyBusiness
Meta Launches Plus Subscriptions for Facebook and Instagram
Meta rolls out paid Plus subscriptions for Facebook, Instagram, and WhatsApp, with AI and creator plans coming under the Meta One umbrella.
—5 min read
BusinessCulture
Independent Bookstores Are Growing, Not Dying, Data Shows
Despite widespread belief that independent bookstores are dying, ABA membership has tripled over the past decade, reaching levels not seen since the 1990s.
—5 min read
BusinessPolitics
Inside Howard Lutnick's Empire: Bare-Knuckle Tactics
NYT investigation reveals Commerce Secretary Howard Lutnick's aggressive Wall Street tactics, 818 corporate entities, and financial disputes.
—6 min read
SportsBusiness
MLB Players Seek Expanded Free Agency as Owners Propose Cap
MLB players propose expanded free agency, higher minimum salary, and competitive integrity tax. Owners counter with first salary cap proposal since 1994.
—6 min read
BusinessObituary
RT-Mart Founder Yin Yanliang Dies at 76, Leaving a Legacy
Yin Yanliang, the 76-year-old founder of RT-Mart who built China's largest hypermarket chain and founded the Tang Prize, has died in Taipei.
—5 min read
SportsBusiness
Belgian Grass Technology to Cover World Cup 2026 Stadiums
Belgian company GrassMax Systems supplies hybrid grass for World Cup 2026 stadiums in the US and Mexico, showcasing Europe's football pitch expertise.
—4 min read
TechnologyBusiness
Meta Lays Off 1,400 Washington Workers in AI Restructuring
Meta cuts nearly 1,400 Washington state jobs as part of an AI-driven restructuring affecting 10% of its global workforce, with more layoffs expected.
—4 min read
BusinessAutomotive
Ferrari's Electric Luce Sparks Investor Backlash and Fury
Ferrari's first electric car, the Luce, faces fierce backlash from investors and enthusiasts after its Rome unveiling, with shares dropping 6%.
—5 min read
EconomyBusiness
China Sees 20,000+ New Foreign Firms in Early 2026
China established over 20,000 new foreign-invested enterprises in Jan-Apr 2026, up 6.8% YoY. High-tech FDI surged 20.3% as overall FDI dipped.
—4 min read
Science & TechnologyBusiness
China's AI Titans Race for Multi-Dimensional Entry Points
Tencent, Alibaba, Baidu, and China Mobile are racing to dominate AI entry points—from OS-level assistants to model platforms and intelligent agents.
—6 min read
EnvironmentBusiness
Deep-Sea Mining Rush Accelerates After Trump Executive Order
Nine companies race to begin deep-sea mining after Trump fast-tracked permits. Environmentalists warn of irreversible damage to ocean ecosystems.
—5 min read
BusinessTechnology
SpaceX IPO Governance Draws Unprecedented Criticism
NYT investigation reveals SpaceX's board and Musk's pay package favor the CEO at the expense of shareholders ahead of the largest IPO ever.
—6 min read
BusinessTechnology
PayPal's Checkout Empire Under Siege as Rivals Close In
PayPal faces an existential crisis as Apple Pay and rivals erode its core checkout business. New CEO Enrique Lores cuts 20% of staff to revive growth.
—5 min read
BusinessAutomotive
Ferrari Unveils First EV, the Luce, with $640K Price Tag
Ferrari reveals its first fully electric vehicle, the Luce, starting at $640,000. The controversial design and 1,035-hp powertrain mark a historic shift.
—4 min read
BusinessTechnology
Inside Prediction Markets: How Sharps Outsmart Wall Street
A deep dive into prediction markets reveals how savvy 'sharps' made millions wagering on war, elections, and more, challenging Wall Street.
—6 min read
BusinessRegulation
Jiaxing Fruit Market Ban on Anhui Probed by Regulators
Jiaxing regulators probe a fruit market's ban on operators in Chuzhou, Anhui. Legal experts say it may violate China's Anti-Monopoly Law.
—4 min read
BusinessTechnology
Xiaomi YU7 GT and Standard Edition Take on Tesla in China
Xiaomi launches YU7 GT with 1,003 HP and a Nürburgring record, plus a Standard Edition undercutting Tesla Model Y by $4,350 in China's EV market.
—5 min read
BusinessTechnology
Xiaomi Unveils 1,003-HP YU7 GT SUV in Aggressive EV Push
Xiaomi launches the YU7 GT, a 1,003-horsepower performance SUV starting at $57,310, as the tech giant deepens its EV push amid smartphone decline.
—4 min read
BusinessEconomy
Shein Buys Everlane: Fast Fashion Giant Acquires Rival
Chinese fast-fashion giant Shein acquires sustainable brand Everlane in a $100M deal, sparking customer backlash and greenwashing concerns.
—4 min read
FinanceBusiness
Yonghui Demands $500M from Wang Jianlin in Debt Dispute
Yonghui Supermarket demands 3.6 billion yuan from billionaire Wang Jianlin after arbitration ruling, highlighting cascading debt crises in China.
—4 min read
BusinessFashion
Shein Acquires Everlane: Fast Fashion Giant Buys Eco Brand
Shein acquires Everlane for $100M, merging fast fashion with sustainability. The deal raises tough questions about ethical fashion's future.
—6 min read
BusinessTechnology
Nvidia Q1 Results Smash Estimates as AI Chip Demand Surges
Nvidia reported Q1 revenue of $81.62B, up 85% YoY, beating Wall Street estimates. Data center revenue hit $75.2B as AI infrastructure buildout accelerates.
—4 min read
EnvironmentBusiness
Companies Rush Into Deep-Sea Mining After Trump Order
At least nine companies are racing to mine the seabed after Trump's executive order, as regulators fast-track permits and environmental groups raise alarm.
—6 min read
BusinessFinance
Wall Street Banks Vie for $1 Billion Fee Pool in SpaceX IPO
Goldman Sachs leads a $75B SpaceX IPO expected in June, with banks competing for over $1 billion in fees. The listing could be the largest in history.
—4 min read
TechnologyBusiness
Meta Begins 8,000 Job Cuts in Massive AI Restructuring Push
Meta begins laying off 8,000 workers in an AI-driven restructuring, reassigning 7,000 employees to AI roles with $145B in planned infrastructure spending.
—4 min read
TechnologyBusiness
Trump Mobile T1 Phone Arrives 9 Months Late, Not US Made
NBC News review finds Trump Mobile's T1 phone arrived 9 months late, is a rebranded HTC phone from Taiwan, and has a flag with only 11 stripes.
—4 min read
TechnologyBusiness
AMD's Lisa Su Predicts 5 Billion AI Users by 2030
AMD CEO Lisa Su held the company's first AI Developer Day in Shanghai, predicting 5 billion daily AI users by 2030.
—6 min read
International MediaBusiness
James Murdoch Acquires Half of Vox Media in $300M Deal
James Murdoch buys 50% of Vox Media for over $300M, acquiring New York Magazine, Vox.com, and the Vox Media Podcast Network through Lupa Systems.
—5 min read
TechnologyBusiness
OpenAI Eyes IPO, Musk Loses Lawsuit, AI Backlash Grows
OpenAI prepares for IPO as Musk loses $150B lawsuit; college graduates protest AI at commencements amid job displacement fears.
—5 min read
EconomyBusiness
Target Sales Surge, Schlitz Ends, Teen Jobs Hit Record Low
Target posts biggest sales jump in 4 years, Schlitz beer ends after 177 years, and teen summer jobs hit record lows in a complex U.S. economy.
—5 min read
EconomyBusiness
2026 CIFTIS Draws 223 Exhibitors, Adds WIPO as Co-Organizer
The 2026 China International Fair for Trade in Services announces 223 enterprises, Norway as guest of honor, and WIPO as co-organizer ahead of September.
—4 min read
BusinessCulture
Jupiler Launches Limited-Edition Apple Summer Beer
AB InBev launches Jupiler Apple, a limited-edition summer beer with apple flavor for the Belgian market, targeting younger drinkers seeking variety.
—4 min read
BusinessEnergy
NextEra and Dominion Merge to Create World's Largest Utility
NextEra acquires Dominion in a $67 billion all-stock deal, creating the world's largest regulated electric utility to meet AI-driven power demand.
—5 min read
BusinessTechnology
Meta to Lay Off 10% of Workforce in AI-Focused Restructuring
Meta plans to lay off 8,000 employees starting May 20 as it shifts 7,000 workers into AI roles and pours up to $135 billion into AI infrastructure.
—4 min read
BusinessTechnology
Tesla Semi Enters Mass Production, WattEV Orders 370 Trucks
Tesla's electric Semi enters volume production as WattEV orders 370 trucks in California's largest EV truck deployment, signaling a freight shift.
—4 min read
BusinessTransportation
Amazon Deploys Cargo Bikes to Combat Urban Double-Parking
Amazon is rolling out hundreds of cargo e-bikes in NYC and launching a DC pilot to replace delivery vans, reduce congestion, and combat double-parking.
—4 min read
BusinessLaw
DOJ Indicts Chinese Container Firms in Price-Fixing Case
DOJ unsealed indictments against four Chinese container firms and seven executives for an alleged price-fixing conspiracy during COVID-19.
—5 min read
BusinessCulture
Schlitz Beer Brewed for Last Time After 177-Year Run
Schlitz, the iconic beer that made Milwaukee famous, ends 177-year production. A final batch will be brewed May 23 using the original 1948 recipe.
—4 min read