Business

A collection of 1072 posts

Business

10-year U.S. Treasury yield rises to 4.27%, a four-month high

The 10-year U.S. Treasury yield has climbed to 4.27 percent, marking a four-month high. The rise pushes up borrowing costs across the global economy. No additional details on market reactions or next steps were provided in the source material. Key Topics Business, Global Economy, Borrowing Costs, U.s.

Business

US Treasury chief urges Europe not to retaliate over Greenland tariffs at Davos

At the World Economic Forum in Davos, US Treasury Secretary Scott Bessent urged European countries not to retaliate against trade tariffs tied to Donald Trump’s threats over Greenland, telling reporters: "sit back, take a deep breath, and let things play out." Trump has said eight European countries

Business

BYD executive says shifting government EV policies are slowing the transition

Businessinsider reports that Stella Li, executive vice president of BYD, said at a panel on the second day at Davos that frequent changes in government EV policy are slowing the global transition to electric vehicles. Li said governments 'go back and forth' on EV rules, and that the

Business

Cineworld customer fined after Chichester car park cut time limit

A reader, AR of Bognor Regis, West Sussex, says they received a penalty charge notice after parking at Cineworld in Chichester to see Avatar: Fire and Ash, which is more than three hours long. AR said they had watched the previous two Avatar films at the site without problems. Cineworld

Business

Evergrande’s Ocean Flower Island remains half-built and largely empty in Hainan

Ocean Flower Island, a cluster of man-made islets off Hainan built by Evergrande as a $12 billion attempt to mimic Dubai’s Palm, remains partially completed and largely empty and is now under the control of the Danzhou municipal government. The sprawling development includes a mall, a conference center, high-rise

Business

Treasury committee warns inadequate AI oversight risks harm to UK consumers and finance

MPs on the Treasury committee warned that consumers and the UK financial system are being exposed to "serious harm" by the failure of government and the Bank of England to get a grip on the risks posed by artificial intelligence, in a new report. The report criticises ministers

Business

Amazon discounts Lego Botanicals Bouquet of Roses to $47.95

As of Jan. 19, the Lego Botanicals Bouquet of Roses is on sale for $47.95 at Amazon, 20% off its list price of $59.99 and a savings of $12.04. The set is recommended for adults and includes 822 pieces that create a dozen red roses with long

Business

NYSE plans tokenized securities and 24/7 trading platform

Beincrypto reports the New York Stock Exchange is developing a blockchain-based platform to support tokenized securities and enable continuous, 24/7 trading of U.S. stocks. The exchange says tokenized securities would represent legally recognized shares, backed one-to-one by the underlying asset and governed by existing U.S. securities laws.

Business

Dollar confidence weakens as China expands yuan amid US–EU strain

Beincrypto reports confidence in the US dollar has weakened after intensified scrutiny of the Federal Reserve and Department of Justice involvement, while mounting US–EU tensions over Greenland are deepening geopolitical risk and opening opportunities for China to expand yuan-denominated trade and payments. The DOJ's action involving Federal

Business

Revolut applies for full banking license in Peru amid Latin America push

Revolut, a London-based digital banking and payments company, has applied for a full banking license in Peru, Bloomberg reported on Monday. If approved, the license would allow Revolut to operate as a regulated bank in Peru, adding the country to a list of regional markets that already includes Mexico, Colombia

Business

E.ON cancels £12,960 bill for deceased account holder but still owes £3,360

A 26-year-old London customer says E.ON Next cancelled a £12,960 bill issued in the name of her late mother but has not repaid £3,360 it deducted from a credit balance. The woman says her aunt, who had adopted her and died in 2024, had been charged inflated

Business

Recoveriescorp, a debt collector for the ATO, reports big revenue but pays no corporate tax

Recoveriescorp, a private debt collector hired by the Australian Taxation Office to pursue unpaid taxes, has paid zero corporate tax since securing contracts worth tens of millions of dollars to chase arrears, including from welfare recipients. Guardian Australia analysis says the parent company, Symbos Bidco, recorded large income streams in

Business

NLRB complaint says Snohetta illegally laid off eight employees after union drive

A regional director of the National Labor Relations Board has issued a complaint accusing Snohetta, a prominent New York architecture firm, of illegally dismissing eight employees in retaliation for their support of a 2023 union drive. The complaint says the firings targeted employees who “supported the union” and had “engaged

Business

Study: GLP-1 weight-loss drugs may trim U.S. airlines' fuel costs by $580M

A Jefferies study says weight-loss drugs known as GLP-1s could help the four largest U.S. carriers — American Airlines, Delta Air Lines, Southwest Airlines and United Airlines — save as much as $580 million a year in fuel costs by reducing passenger weight. Sheila Kahyaoglu, an equity analyst at Jefferies and

Business

Five ways professionals can demonstrate readiness for management roles

ZDNET outlines five ways for professionals to prove they are ready to move into management as AI reshapes organisations: Gartner predicts 20% of companies will flatten structures using AI through 2026, eliminating more than half of current middle management positions. Paul Neville, director of digital, data, and technology at UK

Business

IMF Raises 2026 Global Growth Forecast to 3.3% as AI Investment Offsets Tariff Drag

The International Monetary Fund said on Monday that it has raised its forecast for global growth in 2026, projecting world output will hold at 3.3 percent for a third consecutive year as surging investment in artificial intelligence and other technology helps offset rising protectionism. In its World Economic Outlook

Business

China reports 5% GDP growth in 2025 despite trade pressure and housing slump

China’s economy grew by 5% in 2025, matching the official target of “around” that pace, even as officials face ongoing US trade pressure, a prolonged housing market collapse and weak consumer demand. Data showed the country recorded its largest-ever trade surplus (US$1.2tn) after finding alternative markets and

Business

Tariff escalation pushes gold to records as bitcoin retreats

Beincrypto reported that gold rallied to fresh record highs while Bitcoin slid as tariff tensions escalated between US President Donald Trump and the European Union. On January 17, 2026, Trump announced a 10% tariff on Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland, effective February 1,

Business

China’s economy grew 5% in 2025 despite a four-year housing market crash

China’s economy grew 5 percent last year, meeting the government’s target, even as a property market crash that began four years ago continued to erode household wealth and curb spending. New home sales have fallen to their lowest level in more than 15 years and prices for existing

Business

Former Assassin’s Creed Head Sues Ubisoft for C$1.3 Million Over Alleged Forced Exit

Kotaku reports that Marc-Alexis Côté, the former head of the Assassin’s Creed franchise and a 20-year Ubisoft veteran, has filed a lawsuit in the Superior Court of Quebec alleging he was constructively dismissed after being demoted following the launch of Assassin’s Creed Shadows in 2025. Radio-Canada reports the

Business

Former Assassin's Creed boss sues Ubisoft in Quebec court alleging constructive dismissal

Pcgamer reports that former Assassin's Creed boss Marc-Alexis Côté has filed a lawsuit against Ubisoft in the Superior Court of Quebec seeking $1.3 million in damages (just under a million in US currency), including two years' salary and $75,000 in moral damages, alleging constructive dismissal.

Business

Joe Montgomery, Cannondale Founder Who Popularized Aluminum Bike Frames, Dies at 86

Joe Montgomery, a founder of Cannondale who helped transform high-end bicycles by mass-producing frames from large-diameter aluminum tubes, died of complications of a heart-related illness on Jan. 2 at his home in Vero Beach, Fla., his daughter, Lauren Edinger, said. He was 86. Mr. Montgomery founded Cannondale in 1971 with

Business

Axel Springer editor Jan Philipp Burgard exits after workplace probe

Jan Philipp Burgard, the editor in chief of the German broadsheet Welt, left Axel Springer after an investigation into inappropriate behavior, according to three people familiar with the matter. Axel Springer is the German media giant that owns titles including Politico and Business Insider. The inquiry into Mr. Burgard began

Business

Specialized tech roles and trades hold steady as tech hiring cools

Businessinsider reports that, according to a new study on top jobs from Indeed, tech hiring is settling into a more sustainable phase after a bruising pullback from pandemic-era highs. Postings for tech roles are down 36% from early 2020, but listings for some specialized technical occupations remain higher than pre-pandemic

Business

Markets brace for falls after Trump threatens tariffs on eight European countries

Global stock markets were preparing for falls after Donald Trump threatened eight European countries with fresh tariffs until they support his ambition to acquire Greenland, the move set to take effect from 1 February at 10% and rise to 25% on 1 June. Brokerage IG’s weekend markets suggested losses