ETHIOPIA-ECONOMY-FACTORY

Coca-Cola, General Mills Under Fire For Raising Prices While Shrinking Product Sizes

Major food companies accused of shrinkflation or charging the same or higher prices for reduced product sizes, while paying lower taxes than average Americans.


$18 Billion Treasure From San José Shipwreck Raises Legal Ownership Dispute—Who Can Claim It?

The San José, a Spanish galleon that sank in 1708, contains treasures worth $7-$18 billion, but ownership disputes involve several claimants and remain unresolved.

Amazon Rushes To Hire 250,000 Workers This 2024 Holiday Season Due To Rising E-Commerce Sales

Amazon plans to hire 250,000 seasonal workers for the holiday rush as e-commerce sales are expected to soar.

US Trade Blacklists 75 Chinese Companies Linked To Uyghur Forced Labor

The U.S. added two Chinese firms, a steel manufacturer and an artificial sweetener maker, to its Uyghur forced labor blacklist, bringing the total to 75 companies.


Editor's Pick

China Cuts Off Trade with US Arms Suppliers for Selling Missiles and Jets to Taiwan

China Imposes Trade Restrictions, Blacklisting on US Arms Suppliers for Selling Missiles, Jets to Taiwan

China has imposed sanctions on US companies selling arms to Taiwan, including trade restrictions and potential blacklisting, as tensions rise over Taiwan’s military acquisitions from the US.

Titan Submersible Employee To Testify That the Ship is 'Unsafe' Prior to Fatal Titanic Mission

Titan Submersible Employee to Testify That the Submarine Is 'Unsafe' Prior to Fatal Titanic Mission

An employee who labeled OceanGate’s Titan submersible as ‘unsafe’ will testify before U.S. Coast Guard investigators, potentially impacting the company’s future operation.

US-ECONOMY-FEDERAL RESERVE

Global Central Banks Set to Lower Interest Rates: How Could This Impact Your Loans and Savings?

Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.


Regions

DENMARK-PHARMACEUTICAL-OBESITY-EARNINGS-RESULTS

Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US

Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.

Scotland-England Electric Link to Power 2 Million Homes, Construction Starts 2028

Regulators have approved a £4.3 billion subsea cable project between Scotland and England, designed to enhance renewable energy transfer and boost energy security.


ECB’s Interest Rates Remain Unchanged But May See Cuts in September


European Commission President Ursula von der Leyen Re-Elected to Second Term



Funding

Nvidia Rival Groq Raises $640 Million in a New Funding Round

Groq was originally looking to raise $300 million at a slightly lower valuation. Groq, an artificial intelligence chipmaking startup, has secured more than $600 million in a recent funding round, the company announced Monday.

Trump Campaign's Financial Advantage Short-Lived as Democrats Surge with $100M Funds in Just 1 Day

Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.

Tractor Drone Maker Monarch Reveals $133 Million Series C Funding

Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.

Anthropic, Menlo Launches $100M Fund To Invest in AI Startups

In addition to funding, selected AI entrepreneurs will also be given access to a network of investors as well as advanced AI research and tools.


People

FORTESCUE WEST AUSTRALIA

Mining Giant Company Hopes to Achieve 'Real Zero' by 2040, Ending Fossil Fuel Use This Decade

Mining giant Fortescue rejects the "fantasy" of net zero by 2050, instead aiming for "real zero" by 2040, urging immediate action to reduce carbon emissions and stop burning fossil fuels.

Georgia chemical plant fire

Chemical Plant Fire in Georgia Shuts Down Local Economy, Forces Thousands to Shelter

A chemical plant fire in Georgia has forced over 90,000 residents and businesses to shelter in place, with the EPA detecting chlorine in the air.

Genetic Testing Giant 23andMe Loses Entire Board Over CEO’s Privatization Plans

Genetic Testing Giant 23andMe Loses Entire Board Over CEO’s Privatization Plans

23andMe’s board directors resigned as CEO Anne Wojcicki pushed to take the company private, while concerns remain over its financial struggles, privacy issues, and unresolved lawsuits.

Real Time Analytics