Brazilian President Luiz Inacio Lula da Silva and China’s Great Wall Motor (GWM) CEO Mu Feng attend the opening of the GWM automobile factory on August 15, 2025, in Sao Paulo, Brazil. China News Service | China News Service | Getty Images BEIJING — Chinese electric car companies are increasing investments in overseas factories as…
Pavlo Gonchar | SOPA Images | Getty Images Soho House is going private in a $2.7 billion deal led by New York-based MCR Hotels, capping a turbulent market run and financial struggles that erased nearly half of the high-end members club operator’s value since its 2021 debut. Its shareholders will get $9 per share, a…
European markets have seen a resurgence this year, with multiple regional indexes outperforming their Wall Street rivals. Amid a broad push to diversify portfolios away from the U.S., some traders see an “unmatched advantage” and “really good investment opportunities” in particular area of Europe. Earlier this year, volatility arising from U.S. President Donald Trump’s unpredictable…
Key Points Pharma giants are navigating U.S. President Donald Trump’s demands to bring U.S. drug prices in line with other developed nations. Eli Lilly’s decision to hike Mounjaro prices in the U.K. could spark similar moves from other firms, analysts say. The U.S. consistently pays the most in the world for many prescription drugs. Eli Lilly ‘s…
The City of London skyline at sunset. Gary Yeowell | Digitalvision | Getty Images The bosses of Britain’s biggest listed companies took home record salaries in the latest financial year, according to a new report. Median pay among FTSE 100 chief executive officers was £4.58 million ($6.2 million) in the year to March 31, the…
U.S. President Donald Trump speaks to reporters aboard Air Force One on his way to Alaska meet with Russian President Vladimir Putin on to negotiate an end to the war in Ukraine, U.S., August 15,2025. Kevin Lamarque | Reuters LONDON — Three goals are topping the agenda as several European leaders join Ukrainian President Volodymyr…
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty Images Shares of Novo Nordisk climbed almost 5% Monday after the company’s blockbuster Wegovy obesity drug received accelerated approval from the U.S. Food and Drug Administration to treat a serious liver disease. The company on Friday…
Japan’s capital Tokyo has topped the list as the world’s best city for a “workcation,” according to a 2025 report by International Workplace Group (IWG), a flexible and hybrid workspace operator. The results are part of IWG’s third annual “Work from Anywhere Barometer,” which ranks the top workcation cities globally — or where travelers can…
There was no deal when U.S. President Donald Trump met his Russian counterpart Vladimir Putin on Friday. That was not unexpected. The summit, which was initially arranged to discuss a ceasefire to Moscow’s war in Ukraine, was on Tuesday reframed by White House Spokesperson Karoline Leavitt as a “listening exercise” that allowed Trump to get…
A court ordered Australia’s largest airline, Qantas Airways, on Monday to pay a record fine of A$90 million ($58.64 million) for illegally sacking 1,800 ground staff during the COVID-19 pandemic and criticized it for a lack of contrition. In imposing the penalty, the largest ordered by a court on a company in the history of Australia’s labor…
