Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.
Legal & Regulatory
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
China has banned Taiwan’s fruit, seafood, and vegetables imports, escalating tensions over trade and military issues.
Boeing Sends Thousands of Employees on Unpaid Leave Due to Massive Strike
Boeing faces a major strike, leading to unpaid leaves for thousands of employees to preserve cash during negotiations.
China Cuts off Trade With US Arms Suppliers for Selling Missiles and Jets to Taiwan
China has imposed sanctions on US companies selling arms to Taiwan, including trade restrictions and potential blacklisting, as tensions rise over Taiwan’s military acquisitions from the US.
Iconic 'Tupperware' Brand Now Bankrupt After Years of Sales Decline
Tupperware Brands filed for Chapter 11 bankruptcy after struggling with declining sales, rising costs, and increasing competition from cheaper, eco-friendly alternatives.
Latest News
US stock markets started quietly on Monday as investors awaited the Federal Reserve's rate decision on September 17-18, with expectations for a rate cut influencing market movements.
CJK Milling plans to extract more gold from old mining waste in Leadville, Colorado, but residents worry that it could worsen pollution and undo years of cleanup efforts.
A proposed U.S. bill, HKETO, could lead to the shutdown of Hong Kong's trade offices if they are deemed too influenced by China, drawing strong objections from Beijing.
Ireland is set to receive a €13 billion ($14 billion) tax payment from Apple after an EU court ruling, despite Apple's objections and Ireland's reluctance to collect the back taxes.
This Friday, President Biden will sign an executive order to prioritize federal grants for projects offering better wages and benefits, aiming to boost job conditions and secure union support ahead of the November elections.
North Carolina man Michael Smith made $10 million by using AI and fake accounts to flood music streaming services with artificial songs, leading to charges of wire fraud and money laundering.
The hacker who stole $234 million from WazirX has started laundering the funds as efforts to recover them face challenges, further frustrating users.
California Governor Gavin Newsom has called a special session to address the state's rising gas prices, which average $4.64 per gallon, nearly 40% above the national average.
Elon Musk's X is likely to be blocked in Brazil after missing a deadline to appoint a new legal representative, escalating a dispute with local authorities over compliance with regulations.
