Business - Public

Business - Public
US nonfarm payrolls unexpectedly decline in July; unemployment rate eases to 4.1%

US nonfarm payrolls unexpectedly decline in July; unemployment rate eases to 4.1%

The U.S. ​economy unexpectedly shed jobs in July and nonfarm payrolls for the prior two months were revised sharply lower, ‌raising questions about whether the Federal Reserve will increase interest rates next month.
Saudi wealth fund and Jared Kushner’s Affinity finalize $55 billion EA Sports deal

Saudi wealth fund and Jared Kushner’s Affinity finalize $55 billion EA Sports deal

A consortium led by the Public Investment Fund of Saudi Arabia has announced the completion of the $55 billion acquisition of video games maker Electronic Arts
Europe's established tech firms emerge as unexpected AI winners

Europe's established tech firms emerge as unexpected AI winners

The AI boom was widely expected to favour the new companies building the models. Recent earnings suggest it ‌is some of Europe's biggest, well-established technology groups that are emerging as AI beneficiaries.
Truth Social launches service selling faster access to Trump posts

Truth Social launches service selling faster access to Trump posts

President Donald Trump regularly uses the platform to post official statements on economic policy and global affairs.
Stock market turmoil sheds stark light on the opaque AI economy

Stock market turmoil sheds stark light on the opaque AI economy

Investors scramble to make sense of a shock Chinese challenge to the dominance of western chipmakers
Across China: China's entrepreneurial ecosystem fuels growth of startups

Across China: China's entrepreneurial ecosystem fuels growth of startups

From Chinese-style music to smart glasses, an array of eye-catching startup projects turned an exhibition center in Hefei, capital of east China's Anhui Province, into a vibrant showcase of innovation and creativity this week.
Care for a dirty soda? Drink trend becomes a US obsession

Care for a dirty soda? Drink trend becomes a US obsession

New York’s soda fountains once competed fiercely for customers, tempting them with increasingly unusual drink concoctions.
New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet

New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet

The legal battle against the fast-growing prediction markets sector continues to heat up. On Friday, New York became the latest state to put a halt to the markets, filing a petition that accuses industry leader Kalshi of operating an unlicensed gambling platform.
SK signs 2.3 tln-won deal to sell chip materials firm SK Siltron to Doosan

SK signs 2.3 tln-won deal to sell chip materials firm SK Siltron to Doosan

SK Group's holding company, said Friday it has signed a 2.3 trillion-won (US$1.6 billion) stock sale deal to hand over its stake in chip materials affiliate SK Siltron Co. to Doosan Group.