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Amazon to lay off 14,000 corporate employees 10/29/2025

Japan’s Energy Calculus: PM Takaichi Rebukes U.S. Request to Shun Russian LNG Imports 10/30/2025

How the Trump Family Turned Political Power into a Global Crypto Empire 10/29/2025

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Business & Finance

FT names leading contenders for majority stake in Starbucks' China business

According to the Financial Times, investment firms Carlyle Group and Boyu Capital are the top candidates for a majority ownership of Starbucks Corp.'s operations in China. As per the newspaper's sources, Starbucks considers Carlyle and Boyu as favored partners. In total, the valuation of the coffee...

British watchdogs suspend Revolut's full banking license

UK regulators have revoked the complete banking license of fintech firm Revolut, pointing to worries about the swift expansion of its global activities and the related dangers, according to the Financial Times (FT). The newspaper reports that, based on three sources, the Bank of England asked the...

Baker Hughes estimates $100 million in negative impact of trade tariffs this year

Baker Hughes Co., a US oilfield services firm, forecasts that this year the adverse effects of trade tariffs on the company will surpass $100 million. "Mounting pressure exists, but it needs to be handled," stated the company’s CEO, Lorenzo Simonelli, during the Energy Intelligence Forum in London...

Morgan Stanley to lift restrictions on cryptocurrency investments for clients

Morgan Stanley is broadening the availability of cryptocurrency investments for every client and will permit such investments for all account categories, including retirement accounts, according to CNBC. The bank informed financial advisors that, starting October 15, they are allowed to provide...

Demand for LG Electronics India IPO shares is 54 times oversubscribed

The IPO of LG Electronics India concluded on Thursday, with demand surpassing supply by over 54 times. As per the exchange, bids for 3.85 billion shares were received by the company. The price range for the IPO was established at 1,080-1,140 rupees. At the highest price threshold, demand would...

Ford could lose up to $1 billion in profits due to aluminum plant fire

A blaze at a New York aluminum plant, likely to suspend production of Ford Motor's F-150 trucks for months, could lead to potential profit losses of up to $1 billion for the automaker, according to Evercore ISI analysts. The fire at Novelis' aluminum factory on September 16 has interrupted a large...

Tesla Charts New Course with Lower-Cost Model Y as Global Pressures Mount

Tesla is preparing to introduce a more affordable version of its popular Model Y SUV, signaling a major strategic shift. Rather than simply reigniting lagging sales, the move reflects deeper pressures—from intensifying competition from Chinese EV makers to tactical ambitions in markets like India....

PAI Partners raises €3.6 billion in capital for its ice cream joint venture with Nestlé

The European private equity firm PAI Partners has secured €3.6 billion in funding for its collaboration with the Swiss ice cream producer Nestlé, known as Froneri. Froneri was established in 2016 and is recognized as the world's second-largest ice cream producer following Magnum Ice Cream, which...

Bain Capital interested in buying Costa Coffee

Bain Capital, an investment firm, has placed a bid for Costa Coffee, which Coca-Cola Co. is selling for an estimated £2 billion ($2.7 billion), according to reports from the Financial Times based on knowledgeable sources. Costa Coffee is the biggest coffeehouse chain in the UK and the second...

Walmart to eliminate synthetic colors from own brands

Walmart Inc., the biggest retailer in the U.S., revealed plans to remove synthetic colors from its private-label products by January 2027. The firm intends to remove 30 additional ingredients, such as artificial sweeteners and preservatives. The alterations to the recipes will impact all food and...