Latest Business News
EU's CBAM Goes Live on January 1, 2026
The EU's Carbon Border Adjustment Mechanism enters its definitive phase today, requiring importers to declare embedded emissions in goods. This will significantly impact global trade flows and carbon-intensive imports. Businesses must prepare for compliance to avoid penalties.
Hyundai Pledges Record $85.8 Billion Investment in South Korea
Hyundai Motor Group announces a massive $85.8 billion investment over five years in AI, robotics, and EVs to boost innovation and exports. This aims to strengthen South Korea's tech edge amid global competition. The pledge signals confidence in future growth.
AkzoNobel and Axalta to Merge into $25 Billion Paint Giant
AkzoNobel, maker of Dulux paint, merges with Axalta Coating Systems, creating a $25 billion enterprise. AkzoNobel shareholders receive a $2.5 billion dividend. The deal consolidates the paints industry globally.
Xiaomi Reports 81% Jump in Q3 Profit on EV Sales
Xiaomi's third-quarter profit surged 80.9% driven by strong electric vehicle sales and innovations. This marks the first quarterly net gain from its EV operations. The results highlight Xiaomi's diversification success.
All InX Exchange Launches Today, Pioneering RWA Infrastructure
All InX officially launches on January 1, 2026, as the 'Exchange of Everything' focused on real-world asset financial infrastructure. It aims to redefine trading in tokenized assets. The platform targets blockchain-based innovations.
US Drug Companies to Raise Prices on 350+ Medicines
Pharma firms plan price hikes on over 350 drugs, including vaccines and cancer treatments, with a median increase of 4%. This affects essential medications amid ongoing healthcare debates. Patients and insurers face higher costs.
US Jobless Claims Hit Two-Month High Amid Shutdown Delay
Continued unemployment claims rose to 1.957 million for the week ending October 18, per Labor Department data. Delays in shutdown resolutions contribute to labor market uncertainty. This signals potential economic slowdown.
Zambia and Zimbabwe Commit $4.2 Billion to Hydro Plant
The two nations pledge $220 million each to revive a $4.2 billion hydroelectric project for power supply boost. Construction had been long-delayed. It aims to address regional energy shortages.
Meta Acquires Chinese AI Startup Manus for Over $2 Billion
Meta buys Manus, a Chinese-founded AI agent startup, in a deal exceeding $2 billion. The acquisition enhances Meta's AI capabilities. Details on Manus's tech include advanced agent functionalities.
US Retailers Plan Over 500 Store Openings in 2026
Brands like Nordstrom Rack and Barnes & Noble will open more than 500 stores across the US next year, outpacing closures. This reflects retail expansion optimism. Physical retail rebounds post-pandemic.
Triller Delisted from Nasdaq After TikTok Challenge
Video app Triller, a TikTok rival, has been delisted from Nasdaq. The marketing company struggled to compete. This marks a setback for short-video platforms.
Big Four Firms Transformed by AI in Hiring and Services
AI significantly impacted the Big Four's hiring, talent management, and client services throughout 2025. They served as early adopters. Expect further integration in 2026.