Latest Business News
South Korea Rushes $350bn US Investment Bill Amid Trump Auto Tariff Threat
South Korea is urgently passing a $350 billion U.S. investment bill after President Trump threatened 25% auto tariffs to ease trade tensions. The move aims to protect its auto industry from escalating pressures.
This reflects broader global trade frictions impacting manufacturing.
Chery Acquires Nissan's South Africa Plant in Major African Expansion
Chinese automaker Chery agreed to buy Nissan's Rosslyn plant in South Africa, its biggest African deal yet, as Nissan restructures. The acquisition boosts Chery's regional growth and exports under AfCFTA.
It underscores Chinese brands' rapid rise in African markets.
Stellantis CEO Faces Tough Decisions on Struggling Brands
Stellantis CEO Antonio Filosa must decide fates of 14 brands, especially Fiat and Alfa Romeo faltering in the U.S. He avoided commitments, with Capital Markets Day to clarify strategies.
This signals potential portfolio streamlining amid market challenges.
BAIC BluePark Cuts Losses Despite Surging Sales in EV Market
BAIC BluePark sharply reduced losses as sales rose 84%, relying on scale, brand growth, and Huawei tech for profitability. High R&D, fixed costs, and NEV price wars pose risks amid consolidation.
Profitability timing remains critical in competitive China.
US Automakers Demand Policy Stability Amid Global Competition
U.S. automakers, via Alliance for Automotive Innovation, urge regulatory certainty as tariffs and shifts undermine investments. EV demand cools with write-offs, intensifying China rivalry.
Leaders warn of long-term investment threats.
China Auto Sales Rise 9.4% in 2025 but 2026 Growth Slows
China's new-car sales hit 34.4 million in 2025, up 9.4% from NEVs and exports, per CAAM data. BYD slowed as Leapmotor and Xiaomi gained; 1% growth expected in 2026 with subsidy cuts and price wars.
Competition stiffens at the top.
Macquarie Predicts FOMC Rate Hike in 2026 on Labor Improvements
Macquarie economists expect the Fed to hike rates in 2026, citing improving labor market and declining unemployment trends. This underpins their outlook amid economic shifts.
It signals potential tightening policy.
Tether Grows to $187B Assets, Plans US Expansion Amid Warnings
Crypto firm Tether holds $187 billion in assets with major U.S. expansion plans; CEO Paolo Ardoino warns of Western social collapse. Profits fund a resilient business ecosystem.
Ardoino positions Tether as a positive force.
Pfizer CEO Shifts COVID Revenue to Cancer Research Breakthroughs
Pfizer's Albert Bourla redirects COVID-era revenue to cancer research, believing cures for many cancers possible in his lifetime. This follows pandemic revenue peaks.
Focus aims at transformative therapies.
JD Sports Gains in US Sneaker Market as Foot Locker Struggles
British retailer JD Sports capitalizes on America's booming sneaker market while Foot Locker falters, eyeing market share. This positions JD for U.S. growth.
Retail dynamics favor agile players.
Fortune 500 Europe 2026 to Rank Leading Regional Firms
Fortune will publish its Fortune 500 Europe ranking this autumn, spotlighting Europe's largest companies shaping global future. It highlights top performers.
The list defines regional business power.