Section
Business
Companies, markets, regulation and consumer protection. Figures are checked against corporate filings and securities enforcement releases, Federal Trade Commission actions and federal recall records.
World Bank Lifts East Asia Growth Forecast on AI Exports
The World Bank raised its 2026 growth forecast for East Asia and Pacific to 4.5% due to AI export demand. AI goods drove over 70% of export growth in Malaysia, the Philippines, Thailand, and Vietnam.
Latest in Business
Nikkei 225 Jumps 2.5% to Close Above 70,000 Points
Japan's Nikkei 225 index jumped 2.5% to close above 70,000 points for the first time in three months. The gain followed U.S. jobs data showing a slowdown in hiring that reduced expectations for Federal Reserve rate hikes.
China Probes EU P-Nitrotoluene Imports for Dumping
China launched an anti-dumping investigation into p-nitrotoluene imports from the European Union on October 4, 2026. The probe follows a domestic industry complaint citing a 60% price drop in EU shipments between 2022 and 2025.
Pandora Opens $150M Vietnam Plant to Boost Capacity
Pandora opened a $150 million factory in Ho Chi Minh City to raise production capacity by 50 percent. The site uses renewable power and recycled metals to cut the company's carbon footprint by 17 percent.
Dangote, Ruto Break Ground on $16bn Lamu Refinery in Kenya
Aliko Dangote and Kenya President William Ruto launched construction of a $16bn oil refinery in Lamu, Kenya. The facility aims to process 700,000 barrels daily despite local land disputes.
Burkina Faso Opens First Domestic Gold Refinery in Ouagadougou
Burkina Faso opened its first domestic gold refinery, Raffinor-BF, in Ouagadougou to process and certify gold locally. The facility has an initial capacity of 164 tonnes per year and cost more than 11 billion CFA francs.
Armani CEO Says Stake Sale May Split Among Three Buyers
Giuseppe Marsocci stated the mandated 15% stake sale could involve multiple buyers rather than a single entity. The will requires heirs to sell the portion to LVMH, L'Oréal, or EssilorLuxottica within 18 months.
Carney Hosts Summit as U.S. Tariffs Take Effect
Prime Minister Mark Carney hosted an investment summit in Toronto following new U.S. tariffs. Bell Canada announced a $50 billion project to expand its data-center capacity.
Amazon Pauses 21 Air Flights After Miami Crash
Amazon suspended operations with carrier 21 Air following a fatal runway overrun in Miami. The crash killed five people and injured five others on September 6, 2026.
AirBaltic Files for Chapter 11 Bankruptcy in New York Court
Latvian flag carrier AirBaltic filed for Chapter 11 bankruptcy protection in New York on September 14, 2026. The airline secured €350 million in financing to continue flights while restructuring its debt.
Dangote Refinery Shares Begin Trading on Nigerian Exchange
Shares in Dangote Petroleum Refinery started trading Monday to raise $1.6 billion. Aliko Dangote retains 87% ownership as the share purchase period ends October 13.
ECB Increases Rates to 2.50% During Inflation Concerns
The European Central Bank raised its benchmark interest rate by 25 basis points to 2.50%. Officials project inflation will average 3% this year and return to target by late 2027.
Lula Cuts Fuel Taxes, Adds Diesel Subsidy in Brazil
Brazilian President Luiz Inácio Lula da Silva signed measures reducing fuel taxes and adding a diesel subsidy. The temporary cuts aim to lower costs for consumers before the October election.
Liao Cites Adaptability as Central to Global Shifts
Carol Liao told leaders on September 8 that adaptability matters more than technology. She noted only 25% of CEOs see tangible AI value despite high priority.
Canada Imposes 50% Tariffs on $20 Billion in U.S. Goods
Canada enacted retaliatory tariffs of up to 50% on $20 billion in U.S. imports on August 25, 2026. The measures target specific goods including Wisconsin cheese and Kentucky appliances after trade talks collapsed.
Froman Warns Chinese Overcapacity Risks Global Crisis
Michael Froman states Chinese industrial overcapacity and rising protectionism could trigger a global economic crisis. The former U.S. trade representative notes China produced 75% of global electric cars in 2025.
Eurometal Plans Coffin Protest in Brussels Over China Trade
Eurometal will hold a protest with 10 coffins in Brussels to warn of job losses in EU manufacturing. The group blames Chinese competition and regulatory disparities for the projected decline in industrial capacity.
De Nederlandsche Bank Moves 86 Tonnes of Gold to London
De Nederlandsche Bank transferred 86 metric tonnes of gold from the US and Canada to London between March and August 2026. The move increased the bank's London holdings to 32.1 percent of its total reserves.
Brazil Senate Approves Bill Regulating Critical Minerals
Brazil's Senate approved a bill on Wednesday to regulate critical mineral exploration and create a national council. The legislation includes 5 billion reais in tax credits to encourage domestic processing of rare earth elements.
Fram Farmers Report 10% Red Diesel Price Rise in UK
Fram Farmers stated red diesel costs rose 10% to £1.10 per litre since Monday. Over 1,400 member businesses are adjusting orders to manage cash flow.
Volkswagen Board Approves Plan to Cut 50,000 Jobs
Volkswagen's supervisory board unanimously approved cutting 50,000 jobs by 2030. The decision brings total planned reductions to 100,000 positions globally.
Trump Team Seeks 100-Year Lease on Venezuelan Oil
The Trump administration negotiates a century-long lease for 17 Venezuelan oilfields. Critics call the proposed deal unconstitutional and colonial in nature.
SK Hynix Approves 40 Trillion Won Share Buyback Plan
SK Hynix authorized a 40 trillion won share repurchase program running through November 2026. The company also pledged to return over half its free cash flow to shareholders by 2027.
USDA Reopens Douglas, Arizona Border to Mexican Cattle
The USDA will reopen the Douglas, Arizona border to Mexican cattle on August 24, 2026. Inspections will limit initial crossings to 700 head daily to prevent parasite spread. President Donald Trump announced the U.S. will allow up to 700 head of Mexican cattle per day under strict inspection protocols.