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Investments and Business

Samsung boss cleared of fraud by South Korea's top court

South Korea’s top court finds Samsung boss innocent of fraud

Claude Sophia Merlo Lookman

Lee Jae-yong, the executive chairman of Samsung Electronics, has been cleared of fraud allegations by South Korea's highest judicial authority, the Supreme Court. This significant ruling brings a degree of…

Jaguar Land Rover to cut up to 500 UK jobs

Investments and Business

Jaguar Land Rover announces up to 500 job cuts in UK

Claude Sophia Merlo Lookman

Jaguar Land Rover (JLR) has announced plans to reduce its United Kingdom workforce by up to 500 positions, a strategic move aimed at optimizing operational efficiency amid a challenging global…

Faisal Islam: Inflation complicates next month's interest rate decision

Investments and Business

Faisal Islam: Inflation Creates Challenges for Next Month’s Interest Rate Decision

Claude Sophia Merlo Lookman

As the next interest rate decision approaches, policymakers at the Bank of England find themselves at a crossroads. The persistent challenge of inflation continues to cloud the outlook, making it…

Barclays fined millions over financial crime risk lapses

Investments and Business

Barclays sanctioned millions for failures in financial crime risk controls

Claude Sophia Merlo Lookman

Barclays has been hit with a significant financial penalty following findings that the bank failed to adequately manage its exposure to financial crime risks. Regulatory authorities determined that weaknesses in…

Labubu firm sees profit soaring by at least 350%

Investments and Business

Labubu firm announces profit increase of no less than 350%

Claude Sophia Merlo Lookman

Labubu, a firm recognized for its unique collectibles and expanding presence in the pop culture merchandise sector, has reported a remarkable boost in profitability, with profits rising over 350% relative…

E.U. tariffs set to raise pasta and wine prices, threatening jobs on both sides of the Atlantic

Investments and Business

E.U. tariffs mean higher pasta and wine prices, risking jobs on both sides of the Atlantic

Claude Sophia Merlo Lookman

Recent policy developments in the European Union are expected to have a notable impact on two beloved staples of international trade—pasta and wine. With new tariffs slated to take effect…

Investments and Business

Rising E.U. tariffs set to impact pasta and wine prices, threatening jobs in both regions

Claude Sophia Merlo Lookman

Recent policy developments in the European Union are expected to have a notable impact on two beloved staples of international trade—pasta and wine. With new tariffs slated to take effect…

Powell asks inspector general to review .5 billion renovation after Trump blasts Fed project

Investments and Business

Trump criticism prompts Powell to seek inspector general review of $2.5 billion Fed project

Claude Sophia Merlo Lookman

Federal Reserve Chair Jerome Powell has requested an internal investigation into a multibillion-dollar construction project at the central bank’s headquarters, following public criticism and political pushback—most notably from former President…

Nvidia says it will resume H20 AI chip sales to China 'soon,' following U.S. government assurances

Investments and Business

Nvidia Will Soon Resume H20 AI Chip Sales in China Thanks to U.S. Approval

Claude Sophia Merlo Lookman

Nvidia is preparing to reintroduce its H20 artificial intelligence (AI) chip to the Chinese market after confirming that it has received the necessary assurances from the U.S. government. This move…

Trump's tariffs are looming large over the UK’s last surviving steel towns

Investments and Business

How Trump’s tariffs could impact the UK’s last surviving steel towns

Claude Sophia Merlo Lookman

As the United States anticipates possible changes in trade policy driven by the revitalized influence of former President Donald Trump, the consequences for the UK's steel industry—especially in its residual…