Fitch Ratings has downgraded the outlook on China's sovereign credit rating from stable to negative.
Sectors
TikTok's Resilience Shines as Parent Company, ByteDance's Profits Surge 60%
ByteDance, the parent company of TikTok, saw a massive surge in profits in 2023, surpassing industry giants like Tencent and Alibaba Group, despite the TikTok ban in the US.
Elon Musk's Unexpected Change of Twitter.com to X.com Raised Phishing Scam Concerns
After replacing Twitter.com with X.com, Elon Musk's X was accused by users of inadvertently opening avenues for phishing scams. This led vigilant users to preemptively purchase similar domains to prevent malicious activities.
Switzerland Creates 'Too Big to Fail' Rules to Make Banks Safer Following Credit Suisse Collapse
Switzerland presented proposals for UBS, along with three other systemically relevant banks, to protect the country from a recurrence of the Credit Suisse collapse experienced last year.
UK to Spend Over £55 Million to Improve Facial Recognition Systems to Stop Shoplifting
The UK government is investing £55.5 million ($70 million) to improve facial recognition technology as part of a crackdown on shoplifting.
Latest News
Donald Trump met on Monday with British Foreign Secretary David Cameron for dinner at the former president's Florida residence, where they talked about the Ukraine war and NATO spending.
The Pentagon has just disclosed that the contract to install Elon Musk's Starlink terminals in Ukraine is valued at $23 million.
Russia and China have announced plans to deepen their security cooperation in Asia and Europe to counter the US' attempts to exert dominance on these regions.
Tesla is no. 1 in a new brand loyalty survey and almost 90% of its customers in the US say they'll buy another Tesla.
Costco has found a lucrative venture in selling gold. Analysts at Wells Fargo estimated monthly sales to reach as much as $200 million.
A recent testing conducted by Consumer Reports has revealed that the widely-used Lunchables have been found to contain elevated levels of lead, as well as sodium.
Jessica Alba is stepping down as chief creative officer at The Honest Company, the baby products and personal care business she founded in 2021.
Small business optimism has reached its lowest level since 2012 as inflation fears persist. Small business optimism has reached its lowest level since 2012 as inflation fears persist, according to a National Federation of Independent Business (NFIB) survey.
An NPR editor has admitted that the network neglected to cover the Hunter Biden laptop story, claiming that it was due to concerns that it could potentially benefit former President Donald Trump.
