Russia’s invasion of Ukraine has fast forwarded a shift away from globalization, and that will create challenges and opportunities for businesses and investors.
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Reversing globalization could cause pain and profit for companies
World
China’s BYD sees first profit drop since 2021, even as the Tesla-rival takes global EV crown
BYD new energy vehicles awaiting shipment for export in Yantai Port, Shandong, China on March 26, 2026. CFOTO | Future Publishing | Getty Images Chinese automaker BYD said Friday its annual sales rose to a record $116 billion, outpacing Tesla’s, but its profit fell for the first time since 2021 under pressure from cutthroat competition. BYD, the largest […]
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1.4 million filers face tax refund delays amid IRS paper check phaseout
Tunyada Kongkapan | E+ | Getty Images A growing number of filers are facing tax refund delays amid a government-wide phaseout of paper checks. House Ways and Means Committee Democrats this week sent another letter to Treasury Secretary Scott Bessent, with “additional concerns” about roughly 1.4 million IRS notices sent to filers about refund delays […]
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World
Beijing’s surprise intervention on Meta’s Manus rattles tech founders, VCs eyeing ‘China shedding’
CHONGQING, CHINA – JANUARY 07: In this photo illustration, the Manus logo is displayed on a smartphone screen, with the Chinese national flag visible in the background, on January 7, 2026 in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Tech circles from Silicon Valley to Shenzhen buzzed when Meta acquired Manus, […]
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