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Starbucks China Draws Bids Valuing Unit Up To $10 Billion
Starbucks is exploring a stake sale in its Chinese operations, with offers valuing the business at between $5 billion and $10 billion.

By The Financial District
Jul 111 min read


Bank of America Loses Major Kuwaiti Sovereign Fund Investor
Bank of America has lost another key investor as the Kuwait Investment Authority (KIA)—the Gulf state’s trillion-dollar sovereign wealth fund—sold its $3.1 billion stake in the bank.

By The Financial District
Jul 111 min read


Apple Loses Top AI Exec To Meta’s Hiring Spree
Meta has poached Ruoming Pang, the head of Apple’s artificial intelligence (AI) models team, marking a major setback for Apple’s AI ambitions.

By The Financial District
Jul 111 min read


"Jurassic World Rebirth" Extends Hollywood’s Box Office Run
Jurassic World Rebirth, from Comcast’s Universal Pictures, roared to the top of the global box office, notching the biggest opening of 2025 and continuing a strong summer run for Hollywood.

By The Financial District
Jul 111 min read


Russian Transport Minister Found Dead After Dismissal
Russia’s Transport Minister was found dead from a gunshot wound in an apparent suicide.

By The Financial District
Jul 112 min read


China Retaliates Against EU With Ban On European Medical Devices
China has announced that European medical device companies will be barred from participating in government procurement if the contract value exceeds 45 million yuan (about $6.28 million).

By The Financial District
Jul 111 min read


"Super Contagious" "Frankenstein" COVID Strain Spreads Across UK
A highly transmissible new COVID-19 variant is spreading quickly across the UK and could become the dominant strain in the coming weeks.

By The Financial District
Jul 111 min read


China Used Embassies To Undermine Sales Of France’s Rafale Fighter Jet
China deployed its embassies to cast doubt on the performance of French-made Rafale fighter jets following their involvement in combat during the India-Pakistan clashes in May, according to French military and intelligence officials.

By The Financial District
Jul 111 min read


Markets Reacting Negatively To Trump Tax Bill: Politico
As congressional Republicans advanced their sweeping tax package in recent months, many fiscal hawks in the party believed they had a powerful ally: cautious titans of finance who had begun signaling that their appetite for U.S. debt might not be unlimited.

By The Financial District
Jul 112 min read


PSE Index Down On Profit-Taking
The Philippine Stock Exchange (PSE) index declined Thursday as investors took profits, dragging the benchmark 41.14 points lower, or 0.63 percent, to close at 6,436.20.

By The Financial District
Jul 112 min read


Trump Says U.S. Will Restart Talks With China On TikTok Deal
The United States will resume discussions with China early next week regarding a potential deal over the TikTok short-video app.

By The Financial District
Jul 101 min read


Brazilian Police Nab Suspect In $100-M Banking Hack
Police in Brazil have arrested a suspect linked to a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country's banking system.

By The Financial District
Jul 101 min read


X CEO Linda Yaccarino Resigns After Grok Posts Antisemitic Content
Linda Yaccarino, CEO of X, has announced her resignation after just over two years at the helm of the platform formerly known as Twitter.

By The Financial District
Jul 101 min read


12 Red States Slash Services To Fund Tax Perks For The Wealthy
At least 26 states have launched “government efficiency” initiatives in recent months, typically through executive orders, legislation, or the creation of legislative committees.

By The Financial District
Jul 102 min read


France Says "Major Issues" Remain Despite Brandy Price Accord With China
France has welcomed China's efforts to settle a trade dispute over European brandy imports but warned that “major issues” remain unresolved.

By The Financial District
Jul 101 min read


Texas Floods Caused $22 Billion In Damage, AccuWeather Says
Last week’s catastrophic flooding in Texas, which killed more than 100 people, is among the deadliest and costliest flash floods in U.S. history.

By The Financial District
Jul 101 min read


Strike By French Air Traffic Controllers Causes Flight Delays
A strike by French air traffic controllers seeking better working conditions brought chaos at the height of Europe’s summer travel season, with around 40% of flights to and from Paris canceled.

By The Financial District
Jul 101 min read


China Tells EU It Can’t Accept Russia Losing War In Ukraine
Chinese Foreign Minister Wang Yi privately told the European Union’s top diplomat that Beijing cannot accept Russia losing its war against Ukraine, as that outcome could allow the U.S. to shift its full strategic focus to China.

By The Financial District
Jul 102 min read


World Could Get Divided Into Three Blocs, Fortune Predicts
The era of lower trade barriers and growing economic interdependence is waning—and President Donald Trump’s aggressive trade policies are accelerating that shift.

By The Financial District
Jul 102 min read


Ukraine Needs Patriot Missiles For Its Defense, Trump Admits
U.S. President Donald Trump said Ukraine would need Patriot missiles for its defense after speaking with President Volodymyr Zelensky and voiced frustration over Russian President Vladimir Putin’s failure to end the fighting.

By The Financial District
Jul 101 min read


Japan Pension Fund Loses $61.1 Billion Due To Weak Dollar
Japan’s Government Pension Investment Fund (GPIF) reported a major quarterly loss, driven by a weakening U.S. dollar and declines in both foreign and domestic assets.

By The Financial District
Jul 101 min read


Digital Payments Use In PH Nears 60% Of All Retail Transactions
Digital payments usage continues to expand in the Philippines, now capturing a 59.0 percent share of total monthly retail transactions in terms of value and 57.4 percent in terms of volume.

By The Financial District
Jul 103 min read


DigiPlus, ICTSI, SM Push PSE Index Past Milestone Level
DigiPlus weathered foreign selling with its ₱6 billion buyback program, while port operator ICTSI added momentum to the services sub-index.

By The Financial District
Jul 102 min read


Large Bitcoin Holders Dump 500,000 Coins
A silent transfer of control is reshaping the $2.1 trillion Bitcoin (BTC-USD) market.

By The Financial District
Jul 92 min read
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