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Former JPMorgan Chase executive Matt Zames will serve as an unpaid advisor to the Social Security Administration, joining commissioner Frank Bisignano to help modernize the agency’s outdated technology systems.
Coca-Cola is developing new automated beverage equipment including Freestyle dispensers that make dirty sodas and refreshers, testing customizable drinks to compete with specialty beverage chains and meet consumer demand for handcrafted options.
Fast-fashion retailer Shein will list on the Hong Kong stock exchange on 1 September at a valuation near $27bn, down significantly from its prior $100bn peak after reporting losses earlier this year.
The US Treasury announced sweeping new sanctions against Iran, describing them as an “economic D-Day,” while Iranian officials said they are fully prepared to counter the measures through alternative trade partnerships.
President Trump has threatened to increase US tariffs on Canadian automobiles and parts from 25% to 50% starting January 1, escalating tensions after trade negotiations between the countries collapsed.
Lego reported record first-half revenue of 41.9 billion Danish kroner, posting a 21% revenue increase driven by botanical sets, Formula 1 partnerships, and collectible products.
