Meta and Snap Face US Trial Over Social Media Addiction Claims
Two teenage plaintiffs will take Meta Platforms and Snap to trial in Los Angeles on Wednesday, October 28, in a significant legal test over allegations that social media platforms contribute to mental health problems...
US Bans Imports from Three Chinese Genomics Companies over Forced Labour Allegations
The United States on Wednesday banned imports from three Chinese genomics companies over allegations that they worked with the Chinese government in Xinjiang to facilitate the forced labour of Uyghurs and other ethnic minorities....
SK Hynix Profit Surges Sevenfold, Announces $75 Billion Shareholder Return
South Korean chipmaker SK Hynix announced plans to return approximately $75 billion to shareholders this year after reporting a more than sevenfold increase in quarterly operating profit, driven by surging demand for artificial intelligence...
Trian Fund Offers to Take Wendy’s Private in $1.4 Billion Deal
Nelson Peltz’s Trian Fund Management has offered to acquire Wendy’s and take the US burger chain private in a deal valuing the company at approximately $1.4 billion, according to a regulatory filing on Wednesday....
Great Wall Motor to Begin SUV Production in Bulgaria in 2027
China’s Great Wall Motor (GWM) will begin manufacturing its Ora 5 compact SUV in Bulgaria in the first quarter of 2027 under an agreement with a local partner. The facility, with a planned annual...
Coca-Cola Raises 2026 Profit Forecast on Strong Global Demand
Coca-Cola on Tuesday raised its annual profit forecast, supported by strong demand for its beverages in markets such as India, China, Mexico and Brazil. Global unit case volumes increased around 5% in the third...
Advent Raises $30 Billion Across Latest Private Equity Funds
Global private equity firm Advent International has raised $30 billion across its latest fund complex, securing capital for its flagship buyout fund and a new mid-market investment strategy. Announced on Tuesday, the fundraising highlights...
EQT to Acquire Range Resources in $13 Billion Deal to Become Largest US Natural Gas Producer
EQT Corp said on Monday it would acquire Range Resources in an all-stock deal valued at approximately $13 billion, creating the largest natural gas producer in the United States. The merger brings together two...
Italy May Raise Taxes on Energy Firms to Fund Budget
Italy is considering raising taxes on energy companies to finance tax cuts and increased public spending under its 2027-2029 budget, according to sources cited by Reuters on October 23. Prime Minister Giorgia Meloni’s government...
Shein Agrees to Pay $100 Million to Settle US FTC Probe
Chinese-founded fast-fashion retailer Shein has agreed to pay $100 million to settle an investigation by the US Federal Trade Commission (FTC) over delivery delays and other customer complaints, according to a source familiar with...