EU Approves Law to Boost Domestic Green Tech Production, Targeting 40% Self-Sufficiency
European Union governments have officially approved the Net Zero Industry Act (NZIA) to boost green technology production, aiming to reduce reliance on US and Chinese manufacturers.
Starbucks Refuses to Discount Drinks as Price War Mounts in China's Booming Coffee Sector
Initially reluctant to engage in price wars in China's competitive coffee market, Starbucks now faces pressure to adapt as local budget-friendly rivals gain traction, prompting a surge in discount cou
US Employers Hesitant to Hire College Graduates Involved in Pro-Palestinian Protests
64% of US employers, among 1,268 business leaders surveyed, express concerns about hiring recent graduates who participated in pro-Palestinian protests within the last six months.
Stellantis, Italy Near Agreement on New Hybrid EV Model for Mirafiori Amid Union Pressure
Stellantis is expected to announce the production of a hybrid version of its 500e electric vehicle at the Mirafiori plant in Turin, Italy, in response to union demands and to address declining EV sale
Elon Musk's xAI Valued at $24 Billion After Securing New Funding to Compete Against OpenAI
Elon Musk's AI startup xAI has successfully secured $6 billion in series B funding, propelling its post-money valuation to an impressive $24 billion.
Indonesia Probes Shopee, Lazada Over Suspected Anti-Competition Violations
Indonesia's anti-trust agency is investigating the local operations of e-commerce platforms Shopee and Lazada for suspected violations of anti-competition regulations.
Sunscreen Critical as Skin Cancer Cases Predicted to Surge to 20,800 This Year
Cancer Research UK reports a nearly 30% increase in skin cancer rates over the past decade, urging the use of high-factor sunscreen, shade, and protective clothing, especially with the expected 20,800
Miami Freelance Workers Rise to 50%, Revenue Soars to 88%
Miami has experienced a 50% rise in its freelance workforce and associated revenue over the past five years.
Iran Approves Plan to Boost Oil Output to 4 Million Barrels Per Day: Report
Iran plans to boost its oil production to four million barrels per day.
Elon Musk Plans to Build xAI Supercomputer Dubbed 'Gigafactory of Compute'
Elon Musk is reportedly planning to launch a supercomputer for his artificial intelligence company, xAI.
Alibaba Introduces David Beckham as AliExpress's New Global E-Commerce Brand Ambassador
David Beckham is the global brand ambassador for AliExpress as the e-commerce platform tries to expand internationally.
Texas Daily Power Consumption Hits All-Time High for May Amid Heat Wave
Texas experienced a record-breaking daily power consumption in May due to an ongoing heat wave.
Another Donald Trump Win Would Be More Disruptive for Bond Markets, Bill Gross Says
Renowned bond investor Bill Gross believes the bond market would suffer more under a second Donald Trump term.
China’s ‘Big Fund’ Launches 3rd Local Chip Industry Funding Worth $47.5 Billion
China launched the third phase of its ‘Big Fund’ program supporting local semiconductor manufacturers with an estimated value of $47.5 billion.
Luciano Benetton to Resign as Chairman of Family-Run Apparel Brand Following Losses of Over $100 Million
Benetton Group co-founder Luciano Benetton announced his resignation as chairman.
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