Netflix surges as investors cheer decision to exit Warner Bros race
Netflix jumped more than 10% on Friday as investors applauded its decision to exit the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets. Netflix declined to match Paramount’s latest…
Safety Concern Prompts Kia America Recall of 85,000 Vehicles in US
Kia America is recalling 85,448 vehicles in the U.S. over failure of a seat back frame failing to properly restrain an occupant during a crash, the U.S. National Highway Traffic Safety Administration said on Friday.
Nintendo Eyes $1.9 Billion Share Sale by Kyoto Bank and Other Investors
TOKYO – Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the “Super Mario” maker, according to three sources familiar with the situation. The sale is expected…
Global Smartphone Market Set for Record Decline in 2026 Amid Soaring Memory Prices
The global smartphone market is poised to suffer its biggest decline ever in 2026, sinking to a more than decade low in shipments, as surging memory chip prices drive up device costs, the International Data Corporation said on Thursday. Smartphone…
Trump Brothers’ American Bitcoin Posts Quarterly Loss Amid Crypto Market Drop
American Bitcoin, backed by two of U.S. President Donald Trump’s sons, swung to a fourth-quarter loss on Thursday amid a weakness in the digital assets space. Concerns over stretched valuations in artificial-intelligence stocks and uncertainty around the timing and scale…
Greenland Lawmakers Push Foreign Investment Screening Law Amid Surge in US Interest
COPENHAGEN – A surge in property interest from U.S. buyers in Nuuk early last year prompted lawmakers to rush through curbs on foreign purchases and shifted the focus of Greenland’s upcoming foreign-investment screening law, lawmakers and other people familiar with…
Edmond de Rothschild Says It Will ‘Monitor the Situation’ After Epstein Files Release
Swiss private bank Edmond de Rothschild said on Wednesday its board would “monitor the situation” after U.S. Department of Justice files showed CEO Ariane de Rothschild kept up years-long contact with late sex offender Jeffrey Epstein, as she sought to…
Washington and Ottawa Officials Signal Upcoming Trade Team Meeting
WASHINGTON – U.S. and Canadian trade officials spoke on Wednesday and plan to meet in coming weeks, U.S. Trade Representative Jamieson Greer said, adding that the Trump administration was open to their ideas on how to reach an agreement. A…
What to Know From Trump’s State of the Union Address to Congress
WASHINGTON – President Donald Trump delivered his State of the Union address to a joint session of Congress on Tuesday, a potentially pivotal moment as the White House seeks to firm up support among Republican voters ahead of November’s midterm…
Trump Says Tech Giants Should Build Power Plants to Meet Energy Demand
President Donald Trump said on Tuesday during his State of the Union address that his administration has told major technology companies they must build their own power plants for their data centers, a measure meant to protect consumers from rising…
US Federal Judge Halts Search of Washington Post Reporter’s Electronic Devices
A U.S. judge on Tuesday blocked federal prosecutors from searching devices seized from a Washington Post reporter as part of a leak investigation, saying he would review their contents for potential evidence. The FBI searched reporter Hannah Natanson’s home in…
Vanguard Unveils Sweeping New Fund Fee Reductions
PROVIDENCE, Rhode Island – Vanguard, the world’s second-largest asset manager and a pioneer of low-cost funds, said on Monday it is cutting fees on 53 of its index-based mutual funds and exchange-traded funds, marking its second sweeping fee reduction in…
US FDA launches program to boost domestic drug manufacturing
WASHINGTON – The U.S. Food and Drug Administration on Sunday began accepting requests to participate in its PreCheck pilot program, designed to boost domestic drug supply by speeding up construction and review of drug manufacturing plants in the country. The…
Nvidia CEO Dismisses Tension With OpenAI, Plans ‘Huge’ Investment
TAIPEI – Nvidia plans to make a “huge” investment into OpenAI, probably its largest ever, CEO Jensen Huang said on Saturday, denying he was unhappy with the ChatGPT maker. The chipmaker in September announced plans to invest up to $100…
Brazil 2025 eggs exports soar on strong US demand
SAO PAULO – Brazilian egg exports, including fresh and processed, hit a record 40,894 metric tons in 2025 on strong U.S. demand, according to data compiled by the Brazilian Association of Animal Protein (ABPA) on Thursday. The figure represents a…
Exclusive-Brookfield nears $9 billion-plus deal for Colonial Pipeline, sources say
Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday. The New York-based asset…
China’s CNOOC discovers 100 million-ton oilfield in South China Sea, Xinhua says
BEIJING – The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes, Xinhua news agency reported on Monday. The newly found Huizhou 19-6 oilfield is not in…
Trump says reciprocal tariffs will target all countries
ABOARD AIR FORCE ONE -U.S. President Donald Trump said on Sunday that reciprocal tariffs he is set to announce this week will include all nations, not just a smaller group of 10 to 15 countries with the biggest trade imbalances….
Japan finance minister says he will closely communicate with US on forex
TOKYO – Japan Finance Minister Katsunobu Kato said on Monday that he would communicate closely with U.S. Treasury Secretary Scott Bessent on foreign exchange, pointing out that close dialogue is important for market stability. Kato made the comment to parliament…
Australia forecasts hit to resource, energy export earnings from lower US dollar
SYDNEY – Australia’s mining and energy export earnings are expected to fall 6% in the financial year through June, with prices of its key iron ore shipments declining, the government said on Monday. Profits are forecast fall to A$387 billion…