One of the largest real estate empires in the former British colony was run by Hong Kong tycoon Lee Shau Kee, who passed away. He was ninety-seven. According to the business he created, Lee passed away quietly on Monday night as his loved ones were by his side. The reason of death was not stated. From 1976 to 2019, Lee…
According to a message reviewed by Reuters and two people familiar with the situation, U.S. Commerce department bureaus told employees in recent weeks that the Chinese artificial intelligence model DeepSeek is prohibited on their federal computers. One mass email to employees on their government-furnished equipment stated, “Access to the new…
On Monday, PepsiCo announced that it will pay $1.95 billion to acquire…
Volkswagen’s luxury Audi brand said on Tuesday that it is considering raising…
Shares of the Hong Kong-based corporation that owns the ports fell sharply after officials in Beijing and Hong Kong voiced their opposition on Tuesday to a plan to sell ports in the Panama Canal to a group headed by BlackRock. Given that the ports that CK Hutchison plans to transfer…
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Volkswagen’s luxury Audi brand said on Tuesday that it is considering raising prices to pass on the expenses of U.S. import taxes to consumers. It also stated that it anticipates a decision this year about the localization of manufacturing in North America. With its facility in San Jose Chiapa, Mexico,…
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Pharmaceutical companies are pleading with the Trump administration and EU officials to keep medical goods out of the growing tariff wars in an effort to prevent price increases on popular European-made medications, such as Novo Nordisk’s (NOVOb.CO), Merck’s (MRK.N), and Novo Nordisk’s (NOVOda). According to more than six pharma industry…
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As U.S. central bank policymakers attempt to assess whether consumer spending will suffer as households assess the possible blow to their net worth and increased difficulty in obtaining loans, the Federal Reserve’s job may become even more challenging this week due to plunging stock markets and indications of tightening credit.…
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According to a message reviewed by Reuters and two people familiar with the situation, U.S. Commerce department bureaus told employees in recent weeks that the Chinese artificial intelligence model DeepSeek is prohibited on their federal computers. One mass email to employees on their government-furnished equipment stated, “Access to the new…
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While uncertainty around a discussion on Ukraine between Russian President Vladimir Putin and U.S. President Donald Trump maintained gold at $3,000 an ounce, European markets held steady Tuesday ahead of German lawmakers voting on a historic change of government spending. The performance of U.S. stocks and those in other countries,…
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Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies. F21 OpCo, which runs Forever 21 stores, said late Sunday that it will wind down…
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One of the largest real estate empires in the former British colony was run by Hong Kong tycoon Lee Shau Kee, who passed away. He was ninety-seven. According to the business he created, Lee passed away quietly on Monday night as his loved ones were by his side. The reason…
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After a steep decline the month before, U.S. consumers increased their spending somewhat in February, indicating that they are becoming more frugal shoppers as worries about the state of the economy grow. After a steep decline the month before, U.S. consumers increased their spending somewhat in February, indicating that they…
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On Monday, PepsiCo announced that it will pay $1.95 billion to acquire the prebiotic soda brand Poppi. PepsiCo now has a rapidly expanding brand in the well-liked functional beverage market thanks to the acquisition. In a statement, PepsiCo Chairman and CEO Ramon Laguarta said, “Consumers are searching for convenient and…
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