In a major development in financial litigation, a federal judge has rejected Capital One Financial Corp’s proposed $425 million settlement with depositors, stating that the payout was far too small and would leave millions of account holders at a continued disadvantage. The ruling highlights ongoing concerns about fair banking practices and the responsibility of financial

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NEW YORK, Nov 6, 2025 – Citadel’s flagship Wellington fund delivered a 1.8% return in October, pushing the fund’s year-to-date performance to 6.8%, according to a source familiar with the matter. Other funds managed by the Miami-based hedge fund, founded by billionaire Ken Griffin, also posted positive returns. The Global Equities fund slightly outperformed Wall

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FRANKFURT, Nov 7, 2025 – The European Central Bank (ECB) is incorporating climate-related risk into its assessment of collateral that banks use to borrow funds, but a recent ECB blog post shows that such risks rarely result in credit rating downgrades. The ECB’s 2021 climate action plan prioritized integrating climate risks into its collateral framework,

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The Bill & Melinda Gates Foundation has pledged $1.4 billion over the next four years to help farmers in sub-Saharan Africa and Asia access innovative technologies that will enable them to adapt to increasingly extreme weather conditions, the foundation’s CEO Mark Suzman told Reuters on November 7, 2025. This announcement comes ahead of the COP30

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India’s JSW Cement (JSWC.NS) reported a profit in the second quarter of 2025, buoyed by higher sales volumes and improved cement prices, even during a seasonally weak period for construction activity. The announcement, made on November 7, 2025, underscores the company’s ability to capitalize on price recovery and steady demand despite the slowdown typically caused

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Global e-commerce giant Amazon.com (AMZN.O) is expanding its footprint in the low-cost online shopping sector with the launch of Amazon Bazaar, a new service designed to compete with Chinese rivals such as Shein and PDD Holding’s Temu. The company announced on November 7, 2025, that Amazon Bazaar will now operate in 14 additional markets worldwide,

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The recent controversy over Shein selling child-like sex dolls in France has drawn attention to a long-standing issue with global online marketplaces: insufficient oversight of third-party sellers and the proliferation of prohibited, counterfeit, or dangerous products. The French government has moved to ban Shein’s sale of such dolls and certain weapons, exposing vulnerabilities in e-commerce

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Global gold mining giant Newmont Corporation (NEM.N) is undergoing a significant corporate restructuring following its $17 billion acquisition of Australian miner Newcrest in 2023. According to an internal memo obtained by Reuters, the restructuring has affected approximately 16% of Newmont’s workforce, through job eliminations, unfilled positions, and changes in role levels, as part of the

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Dubai-based hookah company AIR, the owner of the globally recognized Al Fakher brand, announced it will go public in the United States through a merger with SPAC Cantor Equity Partners III (CAEP.O). The deal values the combined company at approximately $1.75 billion and positions AIR to capitalize on growing global demand for flavored hookah products.

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Fragrances are quickly becoming a must-have for Gen Z consumers, the fastest-growing buyer category in the global beauty market. Once seen as an indulgent luxury, perfumes are now considered a go-to item for young shoppers seeking to express individuality, elevate their mood, and enjoy a small luxury even amid economic uncertainty. Analysts are dubbing this

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