Month: May 2025
Treasury Secretary Bessent says he’s likely to meet with China again in ‘next few weeks’ to work on bigger agreement
Treasury Secretary Scott Bessent said Monday that he expects to meet with Chinese officials again in the coming weeks to continue trade negotiations. “I would imagine in the next few weeks we will be meeting again to get rolling on a more fulsome agreement,” Bessent said on CNBC’s “Squawk Box.” The exact details of the […]
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Nissan to cut over 10,000 more jobs globally, NHK reports
A brand new Nissan car is displayed on the sales lot at Golden State Nissan on March 26, 2025 in Colma, California. Justin Sullivan | Getty Images Nissan Motor will additionally slash more than 10,000 jobs globally, bringing the total cuts including previously announced layoffs to about 20,000 or 15% of its workforce, Japan’s public […]
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A ‘huge win’ for bulls: Markets soar on U.S.-China deal as Wall Street sees more upside
U.S. Treasury Secretary Scott Bessent (R) and U.S. Trade Representative Jamieson Greer hold a news conference in Geneva on May 12, 2025, to give details of “substantial progress” following a two-day closed-door meeting between U.S. and China top officials aimed at ending the tariff war. Fabrice Coffrini | Afp | Getty Images Stock Chart IconStock […]
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‘Resort fees’ in the U.S. must now be disclosed. But some aren’t celebrating yet
A new U.S. rule that requires hotel and short-term lodging companies to disclose so-called “junk fees” starts Monday. Announced by the Federal Trade Commission in December, the rule takes direct aim at the widely loathed charges, which can appear as “resort,” “destination” or “hospitality service” fees and purport to grant perks that travelers either don’t […]
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U.S.-China breakthrough send tech and chip stocks soaring
HANGZHOU, CHINA – JUNE 3, 2024 – The NVIDIA logo and the Apple logo are pictured in Hangzhou city, Zhejiang province, China, June 6, 2024. On June 5, Eastern time, Nvidia’s stock market value exceeded $3 trillion, officially surpassing Apple’s market value and becoming the world’s second largest technology giant by market value. It is […]
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UK’s Virgin Media O2 and Daisy Group combine in business telecoms
Virgin Media O2 is a joint venture between telecoms giants Liberty Global and Telefonica. Tolga Akmen | AFP via Getty Images Britain’s Virgin Media O2 said it was combining its enterprise unit with business-to-business telecoms provider Daisy Group to create a new communications and IT offer for companies. The new company will be 70% owned […]
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U.S. and China agree to slash tariffs for 90 days in major trade breakthrough
US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer speak to the media after talks between senior US and Chinese officials on tariffs in Geneva on May 11, 2025. Valentin Flauraud | Afp | Getty Images The U.S. and China on Monday agreed to suspend most tariffs on each other’s goods in […]
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Spain’s unprecedented power outage sparks a blackout blame game over green energy
Employees stand inside a supermarket without lights in Burgos on April 28, 2025, during a massive power cut affecting the entire Iberian peninsula and the south of France. Cesar Manso | Afp | Getty Images A catastrophic power outage affecting much of Spain, Portugal and the south of France has thrust the role of renewables […]
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Capital A CEO Tony Fernandes discusses group’s expansion to Saudi Arabia
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Tony Fernandes, CEO of Capital A Group says he sees “potential” in tie-ups with some of Middle East region’s low-cost and full-service carriers for the company to grow its network of flights. Source
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Millennial entrepreneur raised $2 million for a money-saving app for immigrants
Nina Mohanty, founder of Bloom Money. Bloom Money One millennial entrepreneur raised $2 million to build a financial app catered to traditional money-saving methods used by immigrant communities in the West. Silicon Valley native Nina Mohanty founded Bloom Money in 2021, a fintech app designed to support U.K.-based immigrant communities to save money collaboratively, also […]
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