Month: May 2025
MLS signs a deal with EA to stream four soccer matches on mobile gaming platform
Javier Hernandez, #14 of the Los Angeles Galaxy. takes a shot on goal during a game between New York Red Bulls and Los Angeles Galaxy at Dignity Health Sports Park on in Carson, California, on April 25, 2021. Michael Janosz | Getty Images Major League Soccer games are kicking off on Electronic Arts‘ mobile gaming […]
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Warren Buffett to remain Berkshire Hathaway chairman, Greg Abel to become CEO at year-end, board votes
The Berkshire Hathaway board voted unanimously on Sunday to make Greg Abel president and CEO on January 1, 2026 and for Warren Buffett, 94, to remain as chairman, the company said. Buffett shocked Berkshire shareholders and Abel by announcing in the final minutes of the annual shareholder meeting Saturday that he would be asking the […]
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Erste acquires 49% stake in Santander’s Polish unit for $7.7 billion
Erste bank headquarters in Budapest. ATTILA KISBENEDEK I AFP I Getty Images Austria’s Erste Group Bank acquired a 49% stake in Santander’s Polish unit for around 6.8 billion euros ($7.7 billion), Santander and Erste said Monday, driving shares in Santander Bank Polska down around 5% in Warsaw. Santander and Erste also reached a deal for Erste to acquire 50% of the Spanish […]
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Inside GM’s decade-long battle to revive Cadillac as the quintessential American luxury car brand
The “Saarinen Lobby” inside General Motors’ global design headquarters on the campus of its Warren Technology Center outside of Detroit, Michigan. GM WARREN, Mich. — Walking into General Motors’ global design headquarters is like taking a step back in time. Much of the midcentury-modern architecture and designs have remained untouched since the space opened in […]
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Australia, New Zealand pledge support for film industry after Trump proposes tariffs
New Zealand Prime Minister Christopher Luxon in Canakkale, Turkiye on April 25, 2025. Anadolu | Anadolu | Getty Images Australia and New Zealand vowed to advocate for their film industries on Monday after U.S. President Donald Trump announced a plan to impose 100% tariffs on foreign-made movies. Australia and New Zealand have emerged as popular […]
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European markets mixed, Erste Group Bank rises 7% after acquiring stake in Santander’s Polish unit
On the trading floor of the Frankfurt Stock Exchange, traders watch their monitors in front of the display board showing the Dax curve on April 9, 2025. Arne Dedert | Picture Alliance | Getty Images European bourses had a mixed start to the week on Monday, with U.K. markets closed for a bank holiday, as […]
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Malaysia PM sees possible reduction in U.S. tariffs, but growth to miss target
Malaysia will actively build trade relations with other countries, such as China, Russia and Brazil, instead of waiting for the impact of potential U.S. trade tariffs, Prime Minister Anwar Ibrahim said on Tuesday. Sean Gallup | Getty Images News | Getty Images There is a possibility that Malaysia can negotiate a reduction in threatened U.S. tariffs as Washington has agreed to further […]
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China risks a spiral into deeper deflation as it diverts U.S.-bound exports to domestic market
SHENZHEN, CHINA – APRIL 12: A woman checks her smartphone while walking past a busy intersection in front of a Sam’s Club membership store and a McDonald’s restaurant on April 12, 2025 in Shenzhen, China. Cheng Xin | Getty Images News As sky-high tariffs kill U.S. orders for Chinese goods, the country has been striving […]
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AI may ‘exacerbate inequality’ at work. Here’s how experts think companies should address that
The rise of AI can cause both “utopian” and “dystopian” effects in the future, says AI expert Pedro Uria-Recio. Mtstock Studio | E+ | Getty Images Workplace leaders are grappling with balancing between prioritizing people and profit making amid the rapid rise of artificial intelligence. Companies have a responsibility to protect jobs as the AI […]
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Trump announces 100% tariff for movies produced outside U.S.
The Hollywood sign in Los Angeles on Jan. 22, 2024 Mario Tama | Getty Images News | Getty Images U.S. President Donald Trump announced Sunday a 100% tariff on movies produced outside of the United States, saying the U.S. movie industry was dying a “very fast death” due to the incentives that other countries were offering to draw American filmmakers. “This […]
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