Category: finance
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France Seeks Three-Month Suspension of Shein Website Over Illegal Products
The French government is seeking a three-month suspension of Chinese online retailer Shein’s website following the discovery of illegal products, including childlike sex dolls and banned weapons, being sold on the platform. Lawyers representing Shein appeared in a Paris court on Friday to respond to the government’s request, which aims to ensure that Shein’s online
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FCC Approves AT&T $1 Billion Purchase of UScellular Spectrum
The Federal Communications Commission (FCC) has approved AT&T’s $1.02 billion acquisition of wireless spectrum licenses from UScellular, a move aimed at expanding network coverage, capacity, and performance across the United States. The decision comes after AT&T confirmed it would end all diversity, equity, and inclusion (DEI) programs, a condition the FCC has increasingly attached to
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Netflix in Exclusive Talks to Acquire Warner Bros Discovery Assets
Netflix is reportedly in exclusive negotiations to acquire key Warner Bros Discovery assets, including its film and television studios and streaming platforms, after making an offer of $28 per share, according to a source familiar with the discussions. The move marks a major strategic pivot for Netflix as it seeks to diversify beyond its traditional
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Taiwan to Ban China’s Xiaohongshu App for One Year Over Fraud and Security Concerns
Taiwan’s Interior Ministry announced on Thursday that it will suspend access to the Chinese social media app Xiaohongshu—also known as Rednote—for one year, citing security risks and its alleged involvement in thousands of fraud cases since 2024. The decision marks a significant move in Taiwan’s ongoing efforts to regulate Chinese apps and protect users from
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Codelco and Glencore Partner on Major Chilean Smelter Project
Chile’s state-owned copper producer Codelco (COBRE.UL) has signed an initial agreement with Swiss miner and trader Glencore (GLEN.L) to collaborate on a large-scale copper smelter project in northern Chile. The deal aims to boost Chile’s domestic smelting capacity while providing logistical and strategic advantages for both companies. Key Details of the Codelco-Glencore Agreement Under the
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HSBC’s Long-Term Vision Questioned Following Brendan Nelson’s Permanent Appointment as Chairman
HSBC (HSBA.L) has officially appointed Brendan Nelson as chairman on a permanent basis, raising questions among analysts, investors, and corporate governance experts about the bank’s long-term strategy and succession planning. Nelson’s elevation from interim chairman comes after a prolonged search for an external candidate, generating debate over HSBC’s leadership continuity and strategic direction. Succession Planning
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OpenAI to Acquire AI Startup Neptune to Enhance Model Training Capabilities
OpenAI, the creator of ChatGPT, has announced an agreement to acquire Neptune, a startup specializing in tools for tracking and monitoring AI model training. The acquisition aims to boost OpenAI’s capabilities in developing and managing large-scale AI models, including its renowned GPT series. Details of the Acquisition While OpenAI has not officially disclosed the financial
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Amazon Considers Ending Partnership with USPS to Expand Delivery Network
Amazon (AMZN.O) is reportedly exploring plans to cut ties with the U.S. Postal Service (USPS) as it seeks to expand its own nationwide delivery network, according to the Washington Post. If finalized, this move could significantly impact USPS’s finances and reshape how e-commerce deliveries are handled in the United States. Amazon’s Reliance on USPS For
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Taiwan’s UMC Signs Pact with Polar Semiconductor to Explore U.S. 8-Inch Chip Production
Taiwan-based chipmaker United Microelectronics Corporation (UMC) announced on Thursday that it has entered a memorandum of understanding (MoU) with U.S.-based Polar Semiconductor to explore collaborative manufacturing of 8-inch wafers in the United States. This move highlights growing efforts to expand domestic semiconductor production amid global supply chain shifts and geopolitical concerns. Collaboration to Expand U.S.
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Sterling Steadies After Biggest Daily Jump Since April Amid Upbeat UK Economic Data
The British pound (GBP) held steady against the U.S. dollar on Thursday after surging over 1% the previous day, marking its largest daily gain since April 2025. The rebound was supported by an upward revision to UK business activity data, indicating a more robust economic outlook than previously expected. The pound was last trading marginally
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