Bitcoin treasury companies have lost $80bn in value as crypto hoarders sell tokens and return to their former activities.
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Financial TimesOriginal★★☆☆☆2026-08-27 04:00
New passenger car sales in Russia may total 110,000–115,000 units in August 2026, Autostat head Sergey Tselikov said. That would represent a 6%–10% decline from the 122,200 cars sold in August 2025, while last year’s surge is not expected to recur.
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TASSOriginal★★★☆☆2026-08-27 03:46
Qantas Airways offered a positive revenue outlook on Thursday and said it will start retiring its Airbus A380 superjumbos in 2028. The announcement came as annual underlying profit fell 14%, with a spike in fuel prices weighing on results.
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ReutersOriginal★★☆☆☆2026-08-27 03:20
Asian-Pacific stocks rose at Thursday’s open for a third straight session after Nvidia reported better-than-expected earnings. The result lifted technology hardware makers and renewed investor confidence, despite overnight data showing the Federal Reserve’s preferred US inflation gauge remains elevated.
RReutersOriginal★★☆☆☆2026-08-27 02:10
Nvidia reported better-than-expected results and said it expects revenue to grow another 70% in fiscal 2028.
Nvidia shares initially fell after the company released its quarterly results on Wednesday, then surged, giving investors a roller-coaster ride. The move underscored Wall Street’s lofty expectations for its favored AI chip designer.
Nvidia expects to generate $108 billion in revenue within a few months, following a record $96.2 billion quarter. Data center revenue more than doubled year over year to $89 billion, while profits reached $59.7 billion. Consumer business growth was tempered by slower PC sales, higher prices, and component shortages.
Nvidia’s sales outlook beat expectations but failed to satisfy all investors, deepening worries about whether artificial-intelligence spending can maintain its momentum.
Nvidia projected quarterly revenue above Wall Street expectations on Wednesday, but the forecast did little to calm investor concerns about the company’s long-term dominance of the AI chip market.
Nvidia, a bellwether for the technology sector, reported fiscal second-quarter results after Wednesday’s close that exceeded estimates. The company projected $108 billion in revenue for the following quarter.
China’s industrial profits grew 11.2% from a year earlier in July, slowing to their weakest pace this year, according to data released Thursday by the National Bureau of Statistics.
C
CNBCOriginal★★★☆☆2026-08-27 01:47
President Donald Trump signed an order easing tariffs on some ground beef imports in an effort to reduce costs for consumers. The move has angered ranchers and Republicans in rural states ahead of the November midterm elections.
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Bloomberg NewsOriginal★★★☆☆2026-08-27 01:30
Qantas reported pre-tax profit of A$2.06bn, its lowest in four years, after the US war on Iran added A$610m to fuel costs. The airline will phase out its Airbus A380s and declined to forecast how Jetstar’s planned carry-on luggage charge will affect revenue or ticket sales.
TThe GuardianOriginal★★★☆☆2026-08-27 01:11
British insurer Prudential said it will complete a US$300 million share buy-back by December after reporting an 8 per cent rise in first-half new business profit. Concerns that fewer mainland Chinese visitors may come to Hong Kong could test insurers’ performance in one of their largest markets.
S
South China Morning PostOriginal★★☆☆☆2026-08-27 00:21
HP said Wednesday that third-quarter PC shipments and margins fell. Price increases intended to offset rising memory-chip costs were not enough, sending the company’s shares down 9% in extended trading.
RReutersOriginal★★☆☆☆2026-08-27 00:20
The trade war is returning to Canada’s supermarkets as a Canadian grocer restores labels that helped consumers boycott US products.
BBloomberg NewsOriginal★★☆☆☆2026-08-26 23:30
Salesforce increased its full-year revenue forecast and said Wednesday that it was broadening its partnership with AI company Anthropic. The announcements sent shares of the enterprise software maker 14% higher in extended trading.
RReutersOriginal★★★☆☆2026-08-26 23:01
Boeing posted contractor positions for engineering and technical roles on job sites on Tuesday, in what appears to be the latest escalation in its labor dispute with the white-collar union representing workers in its commercial airplane division.
RReutersOriginal★★☆☆☆2026-08-26 22:31
Nelson Peltz’s Trian Fund Management currently has no plans to make a take-private offer for Wendy’s, according to people familiar with the matter who spoke to Reuters.
RReutersOriginal★★☆☆☆2026-08-26 21:35
After US-Canada trade talks broke down Friday, the US imposed 50% tariffs on a broad range of Canadian goods under the previously unused Section 338 of the 1930 Tariff Act. US Trade Representative Jamieson Greer sought to reassure markets Monday, arguing the measure covers only a small share of imports and an even smaller share of consumption, so it could not meaningfully affect US well-being.
BBloomberg NewsOriginal★★★★☆2026-08-26 19:00
Donald Trump expected Canada to yield to US tariff demands, but failed talks led Ottawa to impose retaliatory tariffs on about $20bn of American goods. Trump called Canada “difficult and unreasonable”, threatened to rename Lake Ontario “Lake America” and insulted Canadian officials, while the dispute pushed up US consumer prices.
As recently as last week, automakers hoped summer U.S.-Canada trade talks would ease Washington’s 25% tariffs, which have increased the cost of shipping vehicles and parts across the border. Instead, the tariffs doubled.
The trade war between Canada and the United States is intensifying. After new 50% US tariffs on Canadian products took effect Saturday, Canada announced retaliatory tariffs of 15% to 50% on roughly $20 billion in American goods. The tit-for-tat has also spread from commerce into cultural and linguistic issues.
U.S. President Donald Trump said on Wednesday that it was time to teach Canada it could not continue acting this way, days after trade talks between the neighboring countries broke down.
The Smarter Web Company, which reported holding 2,712 BTC, said Bitcoin Strategy chief Jesse Myers will leave on Sept. 1. Its Bitcoin Treasury Policy will remain under board oversight, but the company gave no reason for his departure and did not identify a successor or explain how his operational duties will be reassigned.
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CryptoSlateOriginal★★☆☆☆2026-08-26 18:50
Russia’s coal production fell 1.8% year on year in January-July to 249 million tons, Rosstat said. Output of all hard coal declined 2.3%, while coking coal rose 1.2% and brown coal was nearly unchanged.
TTASSOriginal★★★☆☆2026-08-26 18:01
New York City’s supply of condos for sale is contracting. The inventory of entry-level units priced at $1,800 or less is projected to plunge 74%, according to the report.
BBloomberg NewsOriginal★★☆☆☆2026-08-26 18:01
Russia’s total gas production, including natural and associated petroleum gas, rose 3.7% year on year in January-July to 397 billion cubic meters, Rosstat reported. Natural gas output reached 338 bcm, while LNG production increased 12% to 20.6 million tons. July total gas output was 39.6 bcm.
TTASSOriginal★★★☆☆2026-08-26 17:59
Russia’s industrial output rose 0.1% year on year in the first seven months of 2026, Rosstat said. July production increased 0.4% from a year earlier and 1.4% from June. Mining fell 0.9%, while manufacturing grew 0.5%; power, gas and steam production rose 0.7%, and water and waste services declined 3.2%.
TTASSOriginal★★★☆☆2026-08-26 17:58
London's FTSE 100 was subdued on Wednesday as falling oil prices weighed on energy stocks and offset broader gains. Investors awaited key U.S. inflation data and Nvidia's quarterly earnings.
RReutersOriginal★★☆☆☆2026-08-26 15:15
Victory Capital will acquire First Eagle in a $7 billion deal, after the Texas-based investment firm lost out earlier this year in the race to buy Janus Henderson.
FFinancial TimesOriginal★★☆☆☆2026-08-26 13:38
Asset manager Victory Capital said it will acquire rival First Eagle Investments in a deal valued at $7 billion.
The U.S. economy grew at a sluggish 1.5% annualized pace from April through June, while consumer spending remained strong.
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The Associated PressOriginal★★★☆☆2026-08-26 13:03
New Commerce Department data showed that US consumers cut back on spending in July while inflation remained stubbornly high.
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CNNOriginal★★★☆☆2026-08-26 13:01
European shares were broadly unchanged on Wednesday as investors awaited Nvidia’s earnings report. Oil prices fell as hopes grew that the Strait of Hormuz could reopen soon.
RReutersOriginal★★☆☆☆2026-08-26 12:50
Wall Street is eagerly awaiting Nvidia’s earnings on Wednesday afternoon. Investors are focused less on the chipmaker’s figures than on what they may signal about AI investors and the broader market.
The Financial Times reports that four senior managers at Gazprombank’s Luxembourg branch may have earned more than €9 million through over 50 coordinated trades. They reportedly borrowed at least €17 million from the bank, bought heavily discounted Gazprom bonds in Europe, and exchanged them in Russia for full-value ruble bonds. An EU official said the scheme sounded like sanctions circumvention requiring a criminal investigation. Gazprombank and Dmitry Derkach deny wrongdoing.
MMeduzaOriginal★★★☆☆2026-08-26 12:49
The European Commission said on Wednesday that a proposed €1.42 billion ($1.66 billion) paper joint venture between Finland’s UPM-Kymmene and South Africa-listed Sappi could restrict competition, prompting concern from the EU executive.
RReutersOriginal★★☆☆☆2026-08-26 12:45
Volkswagen CEO Oliver Blume called on employees at the automaker’s Emden plant in Germany to pursue further savings. The facility could be closed under a sweeping turnaround plan, and Blume warned that Volkswagen’s costs remained too high compared with rivals.
RReutersOriginal★★★☆☆2026-08-26 12:01
The South Korean automaker aims to continue its expansion by increasing production at a new $7.6 billion plant in Georgia, seeking to win more sales and market share.
CCNBCOriginal★★☆☆☆2026-08-26 12:00
Prime Minister Mikhail Mishustin signed measures supporting businesses damaged by Ukrainian drone strikes on Wildberries logistics facilities. Eligible companies and sole proprietors with losses above 5% of annual revenue can defer certain taxes and insurance payments, while inspections are suspended temporarily. The government has not yet approved similar support for Wildberries itself.
MMeduzaOriginal★★★☆☆2026-08-26 11:41
A Wildberries logistics center in Kotovsk, Russia’s Tambov region, was destroyed by fire after a Ukrainian drone strike overnight on August 26, according to Governor Yevgeny Pervyshov. He said 19 drones targeted the site, with 16 shot down and three hitting the building; two people were injured. It was the warehouse’s second reported attack, after a July 18 strike killed seven employees.
Separate Ukrainian drone strikes across Russia killed at least three people and triggered a major fire at Wildberries’ logistics centre in Kotovsk, Tambov region. Governor Yevgeny Pervyshov said the facility was completely destroyed and one person was injured. Russia’s Defence Ministry said 426 Ukrainian drones were intercepted and destroyed overnight.
Russia’s Defense Ministry said air defenses intercepted and destroyed 426 Ukrainian fixed-wing drones over several Russian regions overnight. The strikes sparked a fire at a Wildberries logistics center in Kotovsk, Tambov Region, while a drone crash caused a house fire in the Lipetsk Region that killed a man and a 14-year-old child. Others were injured or hospitalized.
Russian attacks killed at least four people and injured at least 95 across Ukraine over the past day. In Kramatorsk, Russian forces carried out a reported double-tap attack on rescue workers handling the aftermath of an earlier strike; an FPV drone hit an armored ambulance, but no personnel were injured.
Ukrainian drones hit a private home in Russia’s Lipetsk region, killing a man and a 14-year-old teenager and injuring two women, according to the regional governor. A Wildberries warehouse in Tambov region was also struck and burned across more than 100,000 square meters; employees were evacuated and one person was injured. Claims that an oil refinery in Nizhny Novgorod region caught fire remain unconfirmed by local authorities.
China National Offshore Oil Corporation reported a record first-half net profit of 85.8 billion yuan, up 23.4 per cent from a year earlier. Higher oil prices and increased production lifted earnings amid the Iran war.
SSouth China Morning PostOriginal★★★☆☆2026-08-26 11:08
Assam produces more than half of India’s tea, but rising temperatures, floods and erratic rainfall are reducing yields and increasing heat stress for workers. Stagnant prices, higher production costs and low wages are driving workers away, leaving the industry struggling to retain experienced labor.
DDWOriginal★★★☆☆2026-08-26 11:03
Norwegian oil and gas company Aker BP said on Wednesday that production had begun from its Skarv Satellite Project in the Norwegian Sea. The project comprises the Alve Nord, Idun Nord and Oern fields.
RReutersOriginal★★☆☆☆2026-08-26 10:45
The liquidators of collapsed China Evergrande Group secured a legal victory after Hong Kong’s High Court rejected PwC International’s bid to be removed from their lawsuits. PwC International and two other units of the accounting firm will therefore have to jointly face the claims.
SSouth China Morning PostOriginal★★★☆☆2026-08-26 10:44
A federal jury convicted Profit Connect owner Brent C. Kovar on 15 fraud and money-laundering counts. Prosecutors said he raised $24 million from at least 400 investors by falsely claiming an AI-powered crypto business generated profits and guaranteed returns. Sentencing is scheduled for Nov. 30.
CCryptoSlateOriginal★★★☆☆2026-08-26 10:30
Tata Chairman N. Chandrasekaran’s surprise decision not to continue beyond February, when he will leave, has exposed deep divisions on the board. Bloomberg journalists will answer questions about Tata’s new troubles on Aug. 27.
BBloomberg NewsOriginal★★★☆☆2026-08-26 10:19
China’s largest hotpot chain, Haidilao International Holding, said takeaway was its fastest-growing segment in the first half as demand for single-serving meals surged. Takeaway revenue reached 2.05 billion yuan, up 121.2 per cent year on year, lifting its share of total revenue to 9.2 per cent from 4.5 per cent.
SSouth China Morning PostOriginal★★☆☆☆2026-08-26 09:00
Results pointed to brisk gains in delivery and momentum in newer dining concepts, sending Haidilao stock higher despite falling sales at its main hotpot outlets.
Trade talks between Canada and the US collapsed after Prime Minister Mark Carney ended negotiations, triggering another round of tariffs. The dispute, reportedly worsened by JD Vance’s private remarks, illustrates the Trump administration’s use of American power—and the ability of pressured counterparts to retaliate.
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BBC NewsOriginal★★★★☆2026-08-26 08:47
While sharing advice on finding good towels and affordable alternatives to high-end clothes, Bryce Gruber recently turned to the US-Canada trade war. She warned her social-media followers that some of their favorite makeup products are about to become more expensive.
After US-Canada trade talks collapsed last week, Washington announced 50% tariffs on hundreds of products. Canada vowed to retaliate dollar for dollar, while the White House threatened further escalation. The article argues that one of the world’s closest trading relationships is nearing a costly breakdown for no intelligible reason. The cause of the failed talks is disputed; Prime Minister Mark Carney said the US made unacceptable demands.
Six months into the U.S.-Iran war, Qatar is among the conflict’s biggest economic casualties. Data shows its liquefied natural gas exports have fallen 96%, while U.S. sales rise and European stocks plunge.
RReutersOriginal★★★★☆2026-08-26 08:30
France’s BNP Paribas and South Korea’s KB Kookmin Bank are separately discussing the purchase of at least 15% of Vietnam’s Techcombank as strategic investors, in a deal that could be worth $2 billion, according to two sources.
RReutersOriginal★★☆☆☆2026-08-26 07:45
China’s digital industry recorded 20.71 trillion yuan in revenue in the first half of the year, up 13.6% year on year, MIIT data showed. Strong domestic demand for artificial intelligence and exports helped lift total profits 19.3% to 1.79 trillion yuan, while the sector remained concentrated in eastern provinces.
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China News ServiceOriginal★★★☆☆2026-08-26 07:11
Investors are waiting for Nvidia to set the tone for the biggest market trend in a generation, with the company’s earnings expected to determine the direction of the AI trade.
CCNBCOriginal★★☆☆☆2026-08-26 06:20
Ankur Banerjee previews the coming session across European and global markets.
RReutersOriginal★★☆☆☆2026-08-26 05:00
Heilongjiang Agriculture Co. had never reported a first-half loss in more than two decades as a public company. That streak is set to end this year amid what the report describes as Xi Jinping’s unprecedented tax clawback targeting Chinese listed companies.
BBloomberg NewsOriginal★★★☆☆2026-08-26 04:30
The market for synthetic risk transfers has expanded rapidly in recent years, as insurers increasingly offer banks unfunded structures to shift default risk away from their balance sheets.
FFinancial TimesOriginal★★☆☆☆2026-08-26 04:00
Hong Kong’s expanding expatriate population is strengthening its residential leasing market, with luxury rents expected to rise about 5 per cent this year and continue climbing in 2027, JLL says. The private-home rental index reached 205.8 in June, up 18.5 per cent from its January 2023 pandemic trough and above 200 for the first sustained period.
SSouth China Morning PostOriginal★★☆☆☆2026-08-26 04:00
RockawayX is acquiring Relayer Capital to broaden its cryptocurrency offerings in the United States. Relayer will become the RockawayX Liquid Opportunities Fund, focused on identifying “undervalued liquid tokens and crypto-related equities.”
TThe BlockOriginal★★☆☆☆2026-08-26 03:35
Nine Entertainment CEO Matt Stanton says revamped Australian media bargaining laws could create major publishing growth by encouraging Google, Meta and other platforms to pay for news content. He also cites a strong pipeline of AI deals, while Nine cuts more than $160m over three years and reduces newsroom staff.
TThe GuardianOriginal★★★☆☆2026-08-26 03:30
Air China, China Eastern, China Southern and Sichuan Airlines are offering paid meals on domestic flights, from inexpensive snacks to premium platters costing several hundred yuan. Analysts say the move could broaden passenger choice and generate revenue from catering, while the China Air Transport Association says free economy-class meals will remain, though some adjustments may occur.
CChina News ServiceOriginal★★☆☆☆2026-08-26 02:23
Dick’s Sporting Goods posted its biggest-ever decline after saying the Foot Locker chain it acquired last year is still struggling. The update raised doubts about the health of the broader sneaker market, while the chairman warned that more pain is ahead.
BBloomberg NewsOriginal★★☆☆☆2026-08-25 23:30
Hong Kong has recorded a series of discounted deals for ultra-luxury homes in recent months, with financially pressured owners taking steep losses to leave the market despite strong demand. A Bel-Air house in Pok Fu Lam sold for HK$138 million, HK$37 million below its 2018 purchase price.
SSouth China Morning PostOriginal★★☆☆☆2026-08-25 23:00
Siemens Energy said it plans to sell most of its division serving industrial customers, aiming to sharpen its focus on the booming utility sector and on gas turbines and grids.
RReutersOriginal★★☆☆☆2026-08-25 21:50
Thoma Bravo executives entered negotiations with lenders knowing they would have to give ground; the only uncertainty was how many concessions they would make.
BBloomberg NewsOriginal★★☆☆☆2026-08-25 21:00
A contract signed last week by SLB and Venezuela’s state-run PDVSA gives the U.S. oil services and technology company access to Venezuelan oilfield data, according to three sources familiar with the negotiations. Venezuela has the world’s largest crude reserves.
RReutersOriginal★★★☆☆2026-08-25 20:35
Kia Corp and its South Korean labor union reached a tentative wage agreement on Tuesday, Yonhap reported, averting partial strikes that had been scheduled to start Wednesday.
RReutersOriginal★★☆☆☆2026-08-25 20:15
Bitcoin treasury company Strive added 1,110 BTC in a week, lifting its holdings to 21,356 BTC. But after its effective common-share count rose, Bitcoin per share increased only 1.19%, or 1.34% on a fully diluted basis. Additional SATA preferred shares also implied about $5.74 million in annualized dividend costs.
CCryptoSlateOriginal★★☆☆☆2026-08-25 19:40
U.S. consumer confidence dropped in August to its lowest level in seven months, with households taking a more negative view of the labor market and inflation outlook, according to a survey released Tuesday.
RReutersOriginal★★★☆☆2026-08-25 19:35
Ukraine’s metals industry has fallen into a deep crisis, RBC-Ukraine reported. Explosions put Zaporozhstal and ArcelorMittal Krivoy Rog out of action in August; together they accounted for about 72% of the country’s steel output in 2025. A prolonged halt could cut exports and foreign-currency earnings, raise construction costs and put pressure on the hryvnia, with production potentially down by about 2 million tons by the end of 2026.
TTASSOriginal★★★☆☆2026-08-25 19:24
A senior Honda executive said the Japanese automaker might abandon plans for an eighth assembly plant in North America unless a key trade agreement is extended.
RReutersOriginal★★☆☆☆2026-08-25 19:01
Canada will impose retaliatory tariffs on more than 700 products made in the US in response to a new round of import taxes from the White House.
BBloomberg NewsOriginal★★★★☆2026-08-25 19:00
Canada has announced counter-tariffs of up to 50% on nearly C$28bn of US goods, including steel, furniture, fresh tuna and cosmetics. The measures are due to begin on 8 September. Ottawa called the response “proportionate” and “strategic” and pledged C$7.5bn in support for affected businesses and workers.
Canada has announced retaliatory tariffs on about $20 billion worth of U.S. goods. Canadian trade negotiators left the United States last week after failing to secure a deal that would have prevented President Donald Trump’s new tariffs from taking effect.
Canada announced retaliatory tariffs on C$27.6 billion ($19.94 billion) in US goods, including steel and dairy, matching the punitive duties imposed by President Donald Trump on Canadian products. Ottawa also unveiled C$7.5 billion in aid for affected Canadian businesses and workers as tensions escalated.
As its trade war with the United States intensifies, Canada is retaliating against tariffs imposed on its goods in recent days by placing tariffs on US products. Ottawa has also announced a multibillion-dollar aid package for workers and urged Canadians to buy local to support domestic industries.
Canadian ministers set out a series of countermeasures after the Trump administration imposed new tariffs on Canadian goods, deepening the trade war between Canada and the United States.
Canada announces tariffs of up to 50% on more than 700 US goods, with the highest import taxes targeting steel and aluminum.
Prime Minister Mark Carney announced 50% tariffs on US furniture and steel, matching President Donald Trump’s new weekend duties dollar for dollar. He also backed support programs for Canadian businesses hurt by the escalating trade war.
Canada is expected to announce retaliatory tariffs against the United States on Tuesday, after relations between U.S. President Donald Trump and Canadian Prime Minister Mark Carney deteriorated.
Canada announced retaliatory tariffs on $19.94 billion worth of US goods, matching Washington’s newly imposed duties dollar for dollar. It also unveiled financial support for Canadian businesses and workers affected by the escalating trade war.
The trade war between the United States and Canada is intensifying. The neighboring countries have been among the world’s closest allies and trading partners for decades, but using tariffs to settle disputes is putting even their strong economic relationship under serious strain.
As the United States intensifies its trade war with Canada, Ottawa is preparing a response. New tariffs threaten the car industry and many other products, prompting Canada’s finance, labour and industry departments to announce countermeasures aimed at protecting workers whose jobs could be at risk.
Canada’s minister responsible for U.S. trade, Dominic LeBlanc, said the government could announce retaliatory tariffs on the United States on Tuesday. His remarks followed President Donald Trump’s threat the previous day to raise U.S. tariffs on all Canadian cars and trucks to 50%.
Canada is expected to unveil retaliatory tariffs on US goods after trade talks collapsed and 50% US tariffs on Canadian products took effect. Prime Minister Mark Carney rejected what he called a “bad deal,” while President Donald Trump threatened a 50% tariff on Canadian automobiles, parts and steel from January 1, 2027.
United Airlines CEO Scott Kirby said Tuesday that airfares are likely to rise gradually in the first half of 2027 as travel demand remains strong, though the increase should be smaller than this year’s.
RReutersOriginal★★☆☆☆2026-08-25 18:05
An antitrust challenge from a group of state attorneys general has left Paramount CEO David Ellison searching for ways to complete his deal for WBD, but he has yet to overcome the obstacle.
CCNBCOriginal★★★☆☆2026-08-25 17:48
High mortgage rates pushed potential buyers to the sidelines, sending U.S. new single-family home sales sharply lower in July. Consumer confidence also fell to a seven-month low as concerns grew over the job market and inflation outlook.
RReutersOriginal★★★☆☆2026-08-25 17:25
Hedge funds that financed First Brands’ bankruptcy rescue have been left holding a “clunker”, as the company’s collapse was far from an ordinary debt-fuelled failure.
FFinancial TimesOriginal★★☆☆☆2026-08-25 16:58
Zach Witkoff, CEO of Trump-linked World Liberty Financial, said concerns about conflicts of interest involving the Trump family are misplaced. He argued that the success of the company’s stablecoin has quieted accusations of Trump cronyism.
CCNBCOriginal★★☆☆☆2026-08-25 16:15
Galaxy is expanding retail crypto lending with a portfolio line of credit for eligible GalaxyOne clients. The facility allows them to borrow cash against BTC, ETH and SOL without selling their holdings.
TThe BlockOriginal★★☆☆☆2026-08-25 16:03
Volkswagen CEO Oliver Blume was booed and whistled at by workers in Wolfsburg after saying a sweeping reorganisation, potentially involving mass redundancies and plant closures, was essential to the carmaker’s future. He said management would rely as much as possible on voluntary measures, while describing closures as a last resort. Workers’ council chief Daniela Cavallo said trust in Blume had been damaged.
TThe GuardianOriginal★★☆☆☆2026-08-25 15:47
Volkswagen management is meeting angry workers this week over an unprecedented restructuring drive that could eliminate up to 100,000 jobs and put several German factories at risk. The company faces pressure from Chinese rivals, the shift to electric vehicles, high costs and overcapacity, while unions say communication of the plans has been “disastrous.” CEO Oliver Blume calls VW’s condition “more than critical.”
Dick’s Sporting Goods reported fiscal second-quarter earnings on Tuesday that fell short of Wall Street expectations, citing what it described as a “challenging” footwear market. The retailer’s stock dropped 25%.
CCNBCOriginal★★☆☆☆2026-08-25 14:47
Nvidia is seeking to broaden its customer base by offering new financing options that could help more clients afford its expensive systems.
CCNBCOriginal★★☆☆☆2026-08-25 14:46
Crypto custody firm Copper has attracted potential buyers, but their offers are well below the $500 million asking price. Once valued at $2.5 billion, the company was marketed by investment bank Cantor Fitzgerald for about $500 million in May.
C
CoinDeskOriginal★★☆☆☆2026-08-25 13:48
Nasdaq-listed The9 posted $32.4 million in second-quarter net income despite just $712,000 in revenue, no crypto-mining revenue and a $13.4 million operating loss. The result was driven by a $47.2 million fair-value gain on its 9BIT tokens and $11.1 million in crypto rewards, non-cash items that helped satisfy one condition in its management incentive plan.
CCryptoSlateOriginal★★☆☆☆2026-08-25 13:45
India’s authorities are conducting a second antitrust investigation into global fragrance makers Givaudan, Firmenich and International Flavors & Fragrances, according to a regulatory document seen by Reuters.
RReutersOriginal★★★☆☆2026-08-25 13:05
United Airlines had planned to install lie-flat premium seats on its 737 Max 10 aircraft after certification. With that approval delayed for years, the airline must now decide how to handle the seats it ordered.
CCNBCOriginal★★☆☆☆2026-08-25 13:05
WuXi Biologics, one of China’s biggest contract drug developers, said profit attributable to shareholders rose 4.3 per cent to 2.44 billion yuan in the first half. Stronger demand and better capacity utilisation helped lift revenue by 18.4 per cent and improve margins.
SSouth China Morning PostOriginal★★☆☆☆2026-08-25 13:03
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.
