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World Athletics has fired employees and involved law enforcement after uncovering more than €1.5 million (£1.3m) in corporate theft. The fraud was discovered during the organisation’s latest financial audit, marking the first under its new financial leadership team. The scheme, which lasted several years, involved two staff members and a contracted consultant. One staff member…
The US government is facing growing questions over its risky financial support for Argentina, even as Washington defends its decision to help a key political ally. US Treasury Secretary Scott Bessent, trusted with selling President Donald Trump’s bold economic policies, played a central role in backing Argentina during a sharp fall in its currency, the…
This year, Halloween candy comes with a higher price tag and fewer chocolate treats than you might expect. Across the U.S., candy prices are up 10.8% compared to last year — nearly four times the overall inflation rate. 🍫 The Root Cause: Cocoa Crisis Chocolate makers are feeling the squeeze as cocoa harvests in West…
Donald Trump and Xi Jinping met on 30 October in Busan during the APEC 2025 Summit to revive trade negotiations between the U.S. and China. They agreed to cut U.S. tariffs on Chinese goods from 57% to 47% in exchange for China resuming U.S. soybean purchases and maintaining rare-earth exports for at least a year….
The Walt Disney Company and YouTube TV are locked in a tense renewal standoff that could see major Disney-owned channels pulled from the service as early as 30 October. Disney says YouTube is using its dominance to push rates below market value. YouTube claims Disney’s proposed terms would drive up subscriber prices and limit choice. …
Nvidia announced it will supply more than 260,000 of its advanced AI chips to South Korea’s government and leading companies. Under the deal, the South Korean government will receive around 50,000 chips to power its national AI infrastructure. Each of the tech giants Samsung Electronics, SK Group and Hyundai Motor Group will deploy up to…
Universal Music Group (UMG) announced it has settled a copyright dispute with AI-startup Udio and will collaborate on a new generative-AI music platform. Under the agreement, the partners will launch a platform next year that uses AI trained only on music licensed by UMG. Back in 2024, major labels including Sony and Warner sued Udio…
Millennium bcp, Portugal’s largest listed bank, reported a 9-month net profit of €776 million, marking an 8.7% increase from the prior year. The strong result was driven by its Polish subsidiary, Bank Millennium, whose net income jumped by 56% to €202 million. Domestic operations also held up reasonably well despite weak interest-rate conditions in Europe….
Germany is considering nationalising the local operations of Russian oil giant Rosneft after new U.S. sanctions triggered a strategic rethink, two sources told Reuters. The focus is on Rosneft’s majority stake in the PCK Schwedt refinery, which supplies much of Berlin’s fuel. Although the U.S. has granted a temporary exemption for the asset, valid until…
HSBC has expanded its innovation banking arm in Singapore, pledging $1.5 billion to lend to start-ups and growing tech companies as part of a wider global strategy. The bank’s specialized unit, originally launched in 2023, now supports over 900 bankers serving clients in the U.S., UK, Australia, India, Hong Kong, mainland China and more. HSBC’s…
