Mazda moves away from Chinese suppliers, attempts to bolster domestic production
Japanese car manufacturer Mazda is attempting to build supply line infrastructure outside of China after COVID-19 lockdowns deeply disrupted their manufacturing process.
Dutch authorities arrest suspected developer of Tornado Cash, platform supposedly used to launder billions
Cryptocurrency mixing platform Tornado Cash has been shut down and slammed with sanctions by the U.S. government after the platform was accused of being used for money laundering.
Drugmaker stocks slammed over Zantac lawsuit concerns
Thousands of Zantac users have filed cases against companies including Sanofi, GlaxoSmithKline, Haleon and Pfizer accusing them of failing to properly warn users of the recalled heartburn drugs' health risks.
Larry Summers, Neel Kashkari question soft landing viability
Some of the world's top economists, from former Clinton Treasury Secretary Larry Summers to Minneapolis Federal Reserve President Neel Kashkari, are sounding the alarms on a "soft landing."
McDonald's to reopen some restaurants in Ukraine
Over the next few months, McDonalds will work with suppliers to get product to restaurants, prepare the properties to service customers, bring its employees back on site and implement enhanced safety procedures and protocols.
Ukraine receives 2-year debt freeze from overseas creditors
Ukraine has been granted a gracious two-year debt freeze from their overseas creditors such as BlackRock Inc, Fidelity International, and Amia Capital in order to avoid a debt default.
Facebook parent Meta defends itself after turning private messages over to cops in abortion investigation
Facebook's parent company Meta issued a statement over their participation in a Nebraska police investigation that resulted in criminal charges for an alleged illegal abortion
China voices opposition to new $52 billion US CHIPS and Science Act
China put out a statement Wednesday that the U.S. is threatening the Chinese economy with the CHIPS and Science Act, which promises $52 billion in grants to U.S. semiconductor producers.
Germany faces possible $265 billion loss in added value as a byproduct of war and high energy prices
The German economy is positioned to possibly lose 260 billion euros by 2030 due to the war in Ukraine and surging gas prices, which would spell disaster for their economy.
Tesla announces lobbying efforts to build 'advanced manufacturing facility' in Canada
Tesla has disclosed that they are currently lobbying the Canadian Government to build a massive "advanced manufacturing facility" in the country, and have 10-12 total worldwide.
Russian airlines start stripping old jets for parts as sanctions continue
Sanctions against Russia have made it impossible for them to acquire jet parts from abroad or undergo repairs in the West, which has led to Russia stripping old jets for parts.
Chinese companies distance themselves from Taiwan after Pelosi trip fallout
Chinese companies are desperately trying to distance themselves from Taiwan after Nancy Pelosi's trip to the country, which sparked Chinese military drills on the border.
Fed will ‘absolutely’ raise interest rates in September with focus to lower inflation: SF Fed pres Mary Daly
San Francisco Fed President Mary Daly said the central bank will raise interest rates in September and promised it was "far from done" in helping to bring down inflation.
Former Twitter CEO Jack Dorsey responds to China's draconian COVID policies: 'End the CCP'
Jack Dorsey responded to a news segment on the Chinese government's approach to COVID-19 restrictions, saying on Twitter: “End the CCP."
Walmart, Oracle, Robinhood lead job cuts this week
A number of layoffs were announced this week, led by Walmart, Oracle and Robinhood as inflation takes a toll despite a stronger-than-expected jobs report.
Eastern Europe's economic boom falters as inflation reaches double digits in the region
After the Russian invasion of Ukraine, western Europe's economy faltered, while eastern Europe's economy continued to boom. This is changing as inflation reaches double digits in the region.
Biden 'bragging' about economy while Fed goes in 'opposite direction' of taming inflation: Andy Puzder
Former CKE Restaurants CEO Andy Puzder reacts to the July jobs report, warning economic negatives are getting ignored while positives are overemphasized.
Russia bans investors from 'unfriendly countries' from selling shares in Russian energy or banking
Russia has announced a ban on investors from "unfriendly countries" from selling any shares in key energy projects or banks for the remainder of this year.
Who will pay for the balance of capping insulin prices? Everyone else.
The cost of insulin is difficult to cap but Democrats are attempting to lower the price through their social spending bill set to raise $739 billion in tax revenues.
India looks to strengthen rules around mergers and acquisitions scrutiny
India seeks to tighten the rules around mergers and acquisitions scrutiny as the country has very weak anti-trust laws, leading to unfair competition.



















