Trending Business News
HHS plans new FDA deputy commissioner roles for technology and drugs, sources say
The Department of Health and Human Services is planning to establish two new deputy commissioner positions at the FDA, one focused on technology and artificial intelligence, according to sources familiar with the plan.
Instagram head Adam Mosseri testifies in defense of Meta in child safety trial
Instagram head Adam Mosseri testified in court that a 2021 feature designed to help teens regulate app usage had lower uptake than expected, with only 1.8% of teens initially using it.
Firms scramble for battery power in Spain and Portugal
Companies across Spain and Portugal are rapidly investing in battery storage systems following a major blackout last year, with industrial firms seeking to protect production from power disruptions.
AI build out: AI gold rush draws crypto firms away from Bitcoin
Major cryptocurrency mining companies are redirecting computing infrastructure toward artificial intelligence workloads, signing multibillion-dollar deals with AI firms like Anthropic as Bitcoin rewards decline.
Musk’s SpaceX to build $100bn launch facility in Louisiana
SpaceX announced plans to construct a $100 billion launch facility in Louisiana spanning 125,000 acres, with construction beginning next year and first Starship flights expected in 2029.
Why Tesla has been caught up in a massive car recall in China
China announced its largest vehicle recall affecting over four million cars, mostly Teslas, over concerns about hidden door handles that may trap occupants during emergencies.
Woolworths posts $1.14bn profit in cost-of-living crisis – but CEO says it’s not thanks to rising shelf prices
Woolworths reported a $1.14bn net profit with rising margins, citing increased customer volume and cost cuts rather than price increases during the cost-of-living crisis.
Why some of America’s biggest brands are losing ground in China
Major American brands including Nike, Starbucks, and General Motors are losing market share in China due to geopolitical tensions, rising domestic competition, and failure to adapt to local consumer preferences.
Paramount CEO David Ellison is at the final hurdle before buying WBD. So far, he can’t clear it
David Ellison’s Paramount Skydance faces its toughest hurdle yet as state attorneys general seek to block his $110 billion acquisition of Warner Bros. Discovery, with an antitrust trial scheduled for March.
Trump says U.S. and Canada reached deal to delay 50% U.S. tariffs on Canadian imports
President Trump announced a three-day delay of 50% tariffs on $20 billion in Canadian imports after the countries reached a last-minute deal, pausing trade tensions between the historic allies.
Jersey business owner says minimum wage comments are ‘madness’
A Jersey coffee shop owner criticized the economic development minister’s minimum wage comments as “madness,” while business leaders and charities debated the government’s wage policy.
Trainline, Virgin Atlantic and RED Driving School investigated over ‘drip pricing’
The CMA is investigating Trainline, Virgin Atlantic, and RED Driving School for allegedly not displaying full prices upfront to customers, a practice known as ‘drip pricing’ that is illegal under consumer protection law.
Argos is getting a makeover – but can it attract new shoppers?
Argos, the 50-year-old British retailer, faces a makeover under new ownership as it struggles against online competition. The new owners say they see growth opportunities through new standalone stores and improved digital services.
HHS moves to tighten oversight of food ingredients as safety concerns mount
The HHS announced proposals to require manufacturers to notify the FDA when ingredients qualify as “Generally Recognized as Safe” and submitted a federal definition of ultra-processed foods for review.
Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
Average asking prices for newly listed homes in Britain’s richest borough have fallen by nearly £100,000 in one month amid intense seller competition and a cooling housing market.
Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility
Half of homes in Great Britain are selling more slowly than the previous year due to mortgage market volatility linked to Middle East conflict, with regional disparities widening as buyers adopt cautious strategies.
Job vacancies at five-year low as smaller firms scale back recruitment
Job vacancies have declined to their lowest level in over five years, with smaller businesses reducing recruitment due to rising labour costs and operating expenses.
Sports Direct owner Mike Ashley tightens hold on Hugo Boss
Mike Ashley’s Frasers Group increased its stake in Hugo Boss to 48% after shareholders accepted a takeover offer, positioning the retail billionaire closer to full control of the German fashion house.
The grueling fight over who profits from AI music
The music industry faces uncertainty as generative AI platforms raise questions about who profits when AI models train on existing songs without explicit permission or compensation.
Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade
Government borrowing costs across advanced economies reached multi-decade highs as hopes for a US-Iran peace agreement collapsed, with rising oil prices and increased defense spending fueling inflation concerns.
UK risks running out of gas by 2030s, ministers told
UK ministers are examining financial support measures to prevent gas shortages in the 2030s as North Sea reserves deplete and domestic production continues its long-term decline.
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Business Articles
Which US States Have the Worst Poaching Problems?
Think poaching is only a problem in other countries? Unfortunately, the capturing, killing, and exploitation of animals is an activity that is alive and well in the US. There are multiple motivations for why poachers partake in this illegal activity, and poaching...
Betpack Sees Strong Prospects for Entering the Asian Market
Gaming is more than just a hobby. It’s an integral part of the millennial lifestyle. And while this trend is prevalent throughout the world, the Asian market is leading the way. According to several studies, the gaming industry in South East Asia (SEA) is projected to...
Sky City Auckland Successfully Reopened?
In the middle of march, New Zealand's biggest land-based casino announced that they would shut down their business until further notice. In the beginning of October, the gambling giant decided to reopen, without any restrictions. Yesterday, they let the world know...
How Text Messaging can Enhance the Virtual Workplace
With the pandemic pushing many of us to remote corners of our homes in makeshift offices, it is increasingly difficult to feel and stay connected with our colleagues. Text messaging, however, may be the answer to engage and retain a deskless workforce. Offer Support...