Category: business
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Bitcoin Falls Below $90,000, Erasing All 2025 Gains Amid Market Risk Aversion
Bitcoin has slipped below $90,000 for the first time in seven months, erasing all of its gains for 2025 and highlighting waning investor appetite for risk in global financial markets. The cryptocurrency began a modest rebound on Tuesday as US markets opened, but the previous day’s sharp decline underscored ongoing volatility in the crypto sector.
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Baidu Q3 Revenue Falls 7% Amid Advertising Slump, Cloud and AI Offer Growth Opportunities
Chinese search engine giant Baidu (9888.HK) reported a 7% decline in quarterly revenue in the third quarter of 2025, weighed down by weaker advertising demand, even as its cloud and artificial intelligence divisions continued to show strong growth. Financial Highlights Baidu posted total revenue of 31.17 billion yuan ($4.38 billion) for Q3, slightly above market
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South Korea Joins UAE’s Stargate AI Data Centre Project to Boost Regional AI Leadership
South Korea has officially agreed to partner with the United Arab Emirates on the U.S.-backed Stargate AI data centre project, a massive initiative aimed at creating one of the world’s largest artificial intelligence campuses outside the United States. The agreement was announced during South Korean President Lee Jae Myung’s visit to the UAE for a
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HoloSolis Secures $255 Million to Build One of Europe’s Largest Solar Panel Factories in France
French renewable energy company HoloSolis has successfully raised more than €220 million ($255 million) to fund the construction of a state-of-the-art solar panel manufacturing facility in France. The new plant, which will be among the largest in Europe, marks a significant step toward bolstering Europe’s domestic solar energy capacity and reducing reliance on imported energy.
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Britain May Repeat Tax Rises Next Year, Says Franklin Templeton’s David Zahn
Britain’s government is likely to implement additional tax increases next year, following last week’s decision to abandon a proposed income tax hike, according to David Zahn, Head of European Fixed Income at Franklin Templeton. This decision has already impacted markets, pushing British borrowing costs higher and raising concerns over the government’s fiscal credibility. Government Fiscal
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Record Reverse Stock Splits Highlight Growing Divide Between Small-Cap and Mega-Cap Stocks
The gap between struggling small-cap companies and booming mega-cap stocks continues to widen, as record numbers of reverse stock splits reveal the financial pressures facing smaller firms. Meanwhile, AI-driven rallies are propelling technology giants to new highs, further emphasizing the growing disparity in the equity markets. Surge in Reverse Stock Splits Globally, companies carried out
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Glencore Reduces Century Aluminum Stake to 33% Following U.S. Tariff-Fueled Rally
Glencore, the London-listed commodities giant, has reduced its stake in Century Aluminum, one of the leading U.S. aluminium producers, by 10%, bringing its ownership to approximately 33%. This strategic move comes after a remarkable surge in Century Aluminum’s stock, largely driven by U.S. tariffs on aluminium imports and record profits for domestic aluminium producers. Glencore’s
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Fed Faces Deep Policy Divide Amid Return of Economic Data
The U.S. Federal Reserve is confronting a profound policy divide as updated economic data begins to flow following the federal government’s reopening. With the Fed’s next meeting just over three weeks away, central bankers are weighing whether to cut interest rates amid persistent uncertainty over employment, inflation, and overall economic growth. Economic Data Returns After
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Home Depot Lowers Full-Year Profit Forecast Amid Tepid Consumer Demand
Home Depot Cuts Profit Forecast Amid Weak DIY Demand BENGALURU, November 18, 2025 – Home Depot (HD.N) on Tuesday lowered its full-year profit forecast, citing sluggish demand for big-ticket renovations and do-it-yourself (DIY) projects, as economic uncertainty driven by tariffs continues to weigh on U.S. consumers. CEO Ted Decker highlighted that ongoing consumer uncertainty and
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Barry Callebaut Partners with NotCo AI to Innovate Chocolate Recipes Amid Rising Cocoa Prices
Barry Callebaut to Harness AI for Chocolate Innovation ZURICH, November 18, 2025 – Switzerland’s Barry Callebaut (BARN.S) announced on Tuesday a strategic partnership with Chilean start-up NotCo AI to incorporate artificial intelligence into chocolate recipe development. The move comes as global cocoa prices hover near record highs and demand for cocoa products faces pressure. AI-Driven
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