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Germany Blocks Volkswagen Subsidiary Sale to China Over National Security Concerns

Germany Blocks Volkswagen Subsidiary Sale to China Over National Security Concerns

Germany has blocked the sale of MAN Energy Solutions, a Volkswagen subsidiary, to a Chinese firm due to concerns over national security, amidst escalating tensions with China over trade issues.


Saks Fifth Avenue's Parent Company HBC to Acquire Neiman Marcus for $2.65 Billion

HBC, the parent company of Saks Fifth Avenue, has announced a $2.65 billion acquisition deal with Neiman Marcus Group.

SNAP Benefits Overpayment Concerns Rise in States; Would You be Required to Return Excess Funds?

According to data released by the US Food and Nutrition Service (FNS), several states are experiencing high rates of overpayments in SNAP benefits.

Forbes Names Elon Musk Biggest Loser as Net Worth Shrinks by $30 Billion in 2024

Forbes reports that Elon Musk's net worth has decreased by almost $30 billion this year, making him the biggest financial loser among billionaires, despite remaining the richest person on earth.


Latest News

Tesla To Quadruple Production At Gruenheide Plant
German environmental authorities in Brandenburg have approved Tesla's Gruenheide plant expansion, sparking environmental concerns over water supply risks and local ecosystem impacts.
Donald Trump And Joe Biden Participate In First Presidential Debate
Benjamin Melman of Edmond de Rothschild Asset Management cautioned that a Trump presidency could spike treasury yields of the country due to proposed tax, immigration, and tariff policies impacting inflation and market risk.
Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle. Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle as it might cause harm to users due to a larger-than-expected flame.
Bahrain's King Hamad Al Khalifa Visits China
Chinese officials face challenges in attracting foreign investment due to doubts fueled by Xi Jinping's policies, despite reassurances from top leaders and intensified overseas engagements.
China Leads the Generative AI Patents Race, Far Surpassing the US: UN Report
China filed six times more patents for artificial intelligence (AI) technologies than United States-based inventors, according to a UN report.
CHINA-ENVIRONMENT-AQUACULTURE-FISHING
China's first female Arctic crab fisher, Liu Yifan, made noise on China's Instagram by sharing how she earns $18,000 a month working 12-hour shifts in harsh conditions and racial discrimination.
Lufthansa Receives EU Approval to Acquire ITA Airways for $350 Million
Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million. Lufthansa has received antitrust clearance from the European Union (EU) to acquire 41% of ITA Airways for 325 million euros (about $350 million) following the sale of certain routes and slots, the company announced Wednesday, July 3.
JAPAN-ECONOMY-AVIATION-JAL-RESULTS
Japan Airlines (JAL) and All Nippon Airways (ANA) have implemented strict guidelines to counter rising customer harassment, including sexual harassment, abusive language, physical assault, and indecent behavior.
'Tinder Scam': Indian Man Faces Shockingly Expensive Bill at Restaurant After Online Date Gone Wrong
An unexpected Tinder date turned into a costly affair for an Indian man, who faced a staggering restaurant bill.
Criminals Are Stealing Billions From Music Industry Through Fake Streams: Report
Criminal groups are siphoning billions of dollars annually from the music industry through fraudulent streaming activities, according to a streaming technology firm.