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SK Telecom Shares Plunge After Cyberattack
Shares of SK Telecom fell as much as 8.5% on Monday, reaching their lowest level since August 2024, after South Korea’s largest mobile carrier disclosed a major customer data leak caused by a cyberattack.

By The Financial District
12 minutes ago1 min read


Merck KGaA In $3.9 Billion Deal To Buy U.S. Biotech Firm SpringWorks
German healthcare and materials group Merck KGaA announced Monday that it has agreed to acquire U.S. biotech company SpringWorks Therapeutics for an equity value of $3.9 billion.

By The Financial District
27 minutes ago1 min read


MP Materials To Benefit From Trump’s Rare Earth Tariffs
MP Materials, operator of the Mountain Pass mine in California’s Mojave Desert, is ramping up production of critical rare earth elements and magnets used in autos, electronics, and military hardware as China tightens its exports.

By The Financial District
9 hours ago1 min read


Starbucks Union Rejects Company's Offer Of 2% Annual Pay Raise
Union delegates representing Starbucks baristas voted to reject the company's latest contract proposal that guaranteed annual pay raises of at least 2%.

By The Financial District
13 hours ago1 min read


DeepMind UK Staff Plan To Unionize Over Deals With Israel
Staff at Google DeepMind in Britain are planning to unionize to challenge the company's sale of artificial intelligence (AI) technology to defense groups linked to the Israeli government.

By The Financial District
13 hours ago1 min read


Pirelli To End Chinese Investor's Control Over Governance
Pirelli’s board is expected to approve a shareholder agreement that formally establishes that its largest investor, China's state-owned Sinochem, does not exercise control over the tire maker.

By The Financial District
1 day ago1 min read


ADM Stops Domestic Trading In China, Cuts Jobs In Shanghai
Global grain merchant Archer-Daniels-Midland (ADM) has begun shutting down its domestic trading operations in China and laying off staff in its largest business segment as part of a global cost-cutting initiative.

By The Financial District
1 day ago1 min read


Nvidia Commits $500-B To AI Infrastructure Projects In The U.S.
Nvidia has announced it will invest up to $500 billion in AI infrastructure projects in the U.S. over the next four years, as the tech industry pushes to strengthen domestic manufacturing.

By The Financial District
1 day ago1 min read


Are NGCP Rates Padded?
Concerns are mounting over the transmission charges imposed by the National Grid Corporation of the Philippines (NGCP).

By Lito U. Gagni
1 day ago2 min read


Chinese Firms Flood TikTok With Videos Urging Americans To Buy Direct
Chinese factories are flooding TikTok with videos urging Americans to buy directly from them to undercut Donald Trump’s sweeping tariffs.

By The Financial District
2 days ago2 min read


Belgian Insurer Ageas Acquires UK’s Esure From Bain Capital For €1.5-B
Belgium’s Ageas has agreed to acquire UK insurer Esure from private equity firm Bain Capital for around £1.3 billion (€1.5 billion).

By The Financial District
2 days ago1 min read


Intel Will Reportedly Cut 20% Of Staff
Intel is reportedly preparing to lay off 20% of its workforce—more than 20,000 employees—as new CEO Lip-Bu Tan aims to “streamline management and rebuild an engineering-driven culture."

By The Financial District
3 days ago1 min read


PepsiCo Lowers Full-Year Earnings Forecast On Tariff Costs
PepsiCo has cut its full-year earnings outlook, citing the financial burden of tariffs and weaker consumer demand...

By The Financial District
3 days ago1 min read


Italian Billionaire Outplays BlackRock in $19-B Global Port Grab
Italian shipping tycoon Gianluigi Aponte has pulled off one of the decade’s most significant infrastructure deals.

By The Financial District
4 days ago1 min read


SK Telecom Suffers Damaging Data Breach
South Korean authorities have launched an investigation into a cyberattack on SK Telecom (SKT) that compromised customers’ SIM-related data.

By The Financial District
5 days ago1 min read


Barclays Downgrades U.S. Auto Sector
Barclays has downgraded its rating on the U.S. autos and mobility sector to "negative" from "neutral," citing concerns that President Donald Trump’s tariffs could squeeze automakers’ earnings and dampen future investment.

By The Financial District
5 days ago1 min read


Tesla Profit Sinks 71%; Musk Vows to Quit DOGE
Elon Musk says he’s stepping back from his high-profile and controversial role in the Trump administration as he returns focus to Tesla, following a plunge in company profits and sales.

By The Financial District
5 days ago1 min read


Zuckerberg Believed Instagram Was a Threat to Facebook’s Growth
It’s been more than a decade since Kevin Systrom sold Instagram to Facebook, but the memories remain.

By The Financial District
5 days ago1 min read


Malaysia Air Seeks Boeing Jets After China Bans Their Delivery
Malaysia Aviation Group Bhd. is in talks with Boeing Co. to potentially take over delivery slots vacated by Chinese carriers as the U.S.–China trade war heats up.

By The Financial District
5 days ago1 min read


e.l.f. Beauty: "Indie Brands" That Source from China May Be in Peril
One of the biggest growth stories in cosmetics since the pandemic has been the rise of e.l.f. Beauty (ELF). But that story may be put on hold as the U.S. narrows its trade war to primarily focus on China.

By The Financial District
5 days ago2 min read


OpenAI Would Buy Google Chrome If It Could: Fortune Tech
Things keep getting spicy in the proceedings for U.S. v. Google, which will determine the penalty for the company’s illegal search monopoly.

By The Financial District
6 days ago1 min read


AMD To Produce CPU Chips at TSMC Plant
Advanced Micro Devices (AMD) has announced that production of its key processor chips will soon begin at TSMC’s new Arizona plant, marking the first time its products will be manufactured on U.S. soil.

By The Financial District
6 days ago1 min read


More Firms Set to Reveal Forecasts Even As Economy Sours
Companies are entering earnings season amid turbulent markets and an escalating trade war.

By The Financial District
6 days ago2 min read


Part 2: Turning Feedback into Fuel–How Customer Sentiment Powers Growth and Innovation
In this second part, we go beyond data collection to reveal how the best brands are turning feedback into action—and using it as a strategic engine for growth.

By The Financial District
7 days ago3 min read
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