BUSINESS
In the latest chapter of ongoing tensions between TikTok and the U.S. government, the wildly popular social media platform has filed a lawsuit against the latter. The legal action comes in response to a new law mandating the app's divestment from its Chinese parent company, ByteDance, or face an outright
China Unveils $72 Billion Tax Break for Electric Vehicles Amidst Weakening Demand
On June 21, China unveiled a 520 billion yuan (US $72.3 billion) tax incentive for buyers of electric...
BlackRock ‘Recruiter’ Tells Undercover Reporter Big Finance Is Buying Politicians
An apparent recruiter for asset management juggernaut BlackRock told an undercover journalist during...
Some US Business Leaders Stick to China Market Despite Worsening Conditions
Executives of major U.S. companies have stressed their commitment to the Chinese market despite the worsening...
Senate Bill Adds Tariff to Small Consumer Imports From China, Proceeds Will Fund Made-in-America
A bipartisan bill introduced into the United States Senate that will eliminate an exemption on tariffs...
Fed Pauses Rate Hikes After 15 Months, But Chairman Says Job Not Finished
The central bank of the United States, the Federal Reserve, has paused increases to its key interest...
Toyota Bets on Cutting-Edge Battery Tech to Compete in EV Market
Toyota has announced plans to launch high-performance solid-state batteries that are cheaper to produce...
Starbucks Union Accuses Chain Of Banning Pride, Head Office Denies
A union of employees for iconic international coffee chain Starbucks accused the corporation of banning...
AI in the Courtroom: OpenAI Faces Lawsuit Over Defamatory Claims Made by Chatbot
Despite artificial intelligence (AI) chatbots and software soaring in popularity in recent months, some...
ESPN Director, 42, Dies From ‘Medical Emergency’ During NCAA Baseball Tournament
Another sudden death has rocked the U.S. media landscape after a 42-year-old Director-level employee...