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The Italian confectionery giant Ferrero is set to acquire the American cereal company WK Kellogg for approximately $3.1 billion. This strategic move aims to combine Ferrero's renowned candy brands, such as Nutella, with Kellogg's iconic breakfast products, including Frosted Flakes and Froot Loops. The deal highlights Ferrero's ambition to strengthen its presence in North America amid a backdrop of economic uncertainty and evolving consumer preferences. While the acquisition has received approval..

Recent tensions between the United States and BRICS nations have escalated following critical remarks about U.S. trade policies. President Donald Trump has threatened to impose additional tariffs, specifically targeting countries aligning with BRICS policies. The BRICS group, comprising Brazil, Russia, India, China, and South Africa, along with newer members like Egypt and Saudi Arabia, criticized the U.S. for unilateral tariffs at their summit in Brazil. They expressed concerns that such meas..

Elon Musk's announcement of a new political party, the 'America Party,' has sparked significant controversy and criticism, particularly from former ally Donald Trump. Trump has publicly denounced Musk's plans as 'ridiculous,' highlighting the historical ineffectiveness of third parties in the American political landscape. This development has intensified tensions between Musk and Trump, who were once close collaborators. Musk's move is seen as a response to disagreements over Trump's tax legis..

China has imposed restrictions on European companies, excluding them from participating in major government contracts for medical devices. This decision is a response to similar measures taken by the European Union against Chinese firms. The new Chinese policy applies to contracts exceeding $6.3 million, with exemptions for EU-funded companies operating within China. Additionally, non-EU companies bidding for Chinese contracts must ensure that the share of EU imports does not surpass 50% of the..

Tesla is currently facing significant challenges, marked by declining sales and escalating political tensions. The company's global sales dropped by 13.5% in the second quarter, raising concerns among investors. President Trump’s criticism of Elon Musk, including threats to review government subsidies worth $1 billion annually, adds to the pressure. Meanwhile, Tesla's new registrations in the EU have halved, allowing competitors like BYD to surpass them in sales. Musk's focus on a controversial..

Bitcoin and various cryptocurrencies are experiencing a notable surge, marking a potential shift toward a bullish market. Bitcoin has surpassed $110,000, driven by renewed investor optimism linked to significant legislative changes and expectations of interest rate cuts by the Federal Reserve. Analysts suggest that the recent tax legislation under the Trump administration signals a growing debt crisis, prompting investors to view Bitcoin as a hedge against inflation. Additionally, strong insti..

Recent developments in international trade highlight the ongoing tensions between the United States and its trading partners, particularly Japan and Vietnam. President Donald Trump has been vocal about what he perceives as unfair trade practices, targeting Japan with potential tariffs of up to 35% on imports. This threat comes amid dissatisfaction with Japan's reluctance to import American rice and the persistent trade surplus Japan enjoys, especially in the automotive sector. The negotiations..

The longstanding rivalry between former President Donald Trump and Tesla CEO Elon Musk has reignited, centered around a controversial Republican policy bill. This bill, which proposes tax cuts and spending reforms, drew criticism from Musk, who labeled it a 'Big Beautiful Bill' and a 'disgusting abomination.' In response, Trump suggested on Truth Social that Musk could face deportation, citing his South African origins, despite Musk's U.S. citizenship. The spat escalated as Musk threatened to..

Canada's recent decision to abolish its digital services tax on large American technology companies marks a significant shift in its trade strategy. This tax, which was set to impose a 3% levy on tech giants like Google and Amazon, had escalated tensions between Canada and the United States, leading President Trump to suspend trade negotiations. Prime Minister Mark Carney, aiming to ease these frictions, announced the tax reversal in a bid to restore dialogue and foster better commercial relat..

Recent developments in international trade negotiations highlight the evolving dynamics between the United States and major global economies. A significant agreement has been reached between the US and China, focusing on the expedited shipment of rare earth minerals. This deal aims to mitigate the ongoing tariff conflicts between the two nations, which are the largest economies in the world. In parallel, President Trump has expressed optimism regarding trade negotiations with India, which he a..

Recent developments have seen China and the United States achieve a significant trade agreement aimed at easing tensions between the two economic giants. Both nations have agreed on enhancing the shipment of rare earth materials, which are critical for various technologies. This move comes as part of broader negotiations to resolve ongoing trade disputes. The agreement will see China expedite exports of these vital resources to the US, while the US is set to lift certain restrictive measures on..

Deutsche Bahn has firmly refuted a report by the magazine 'Spiegel' that claimed the company intended to eliminate 21,000 seats in long-distance transport. The railway operator clarified that the number of available seats for passengers is projected to increase by 2036, contradicting the report that suggested a reduction from 265,000 to 244,000 seats. The focus of the alleged cuts would particularly impact Intercity trains, with nearly half of the current 55,000 seats potentially being removed...

Wall Street is witnessing a notable shift as over $1 billion flows into spot Bitcoin ETFs, coinciding with a weakening US dollar. This investment surge comes amidst speculation about potential changes in the Federal Reserve's leadership, heightening expectations of rate cuts and diminishing demand for the dollar. Bitcoin has gained traction, reflecting its appeal as a safe-haven asset amid geopolitical tensions. Experts highlight a growing institutional adoption of Bitcoin, as its value has si..

Recent developments in the Middle East, particularly the announced ceasefire between Israel and Iran, have significantly impacted global financial markets. This news has generally been met with optimism from investors, leading to a rise in US stock index futures. Major indices such as the Dow Jones, S&P 500, and Nasdaq have all seen notable gains, reflecting increased investor confidence. The ceasefire has particularly influenced oil prices, which have dropped sharply. This decrease is attrib..

Several states are actively changing their corporate laws to attract businesses traditionally incorporated in Delaware. Texas, Oklahoma, and Nevada are leading this initiative by implementing business-friendly measures. Texas has established a dedicated business court, while Oklahoma is working on similar courts in populous areas. Nevada is also pushing for a dedicated business court, drawing attention from notable companies like MercadoLibre and Tesla. In response, Delaware has passed legisla..

The recent passage of the GENIUS Act by the US Senate marks a pivotal moment in the regulation of digital assets, particularly stablecoins. With a bipartisan vote of 68-30, the legislation establishes clear guidelines for stablecoin issuance and mandates that issuers maintain one-to-one reserves in cash or short-term Treasury securities. This regulatory clarity has ignited optimism in the market, significantly boosting the stock of Circle Internet Group and highlighting the potential for subst..

Germany is engaged in a heated debate over the future of its minimum wage. Currently set at 12.82 euros per hour, there are calls for a significant increase to align with EU standards. Michaela Engelmeier from the social association advocates for a minimum wage of 15.12 euros per hour, while the German Trade Union Confederation suggests an even higher rate of 15.27 euros by 2026. This proposal, however, faces resistance from employers and political factions, who warn of potential economic repe..

Lars Klingbeil, chairman of the SPD, is a staunch advocate for preserving industrial jobs in Germany, particularly in the steel sector. His commitment comes in response to ArcelorMittal's decision to halt their plans for climate-neutral steel production in Bremen and Eisenhüttenstadt due to economic viability concerns. Klingbeil is calling for a collaborative approach involving Federal Minister of Economics Katherina Reiche and other stakeholders to address this challenge. He proposes a summit..

ArcelorMittal has recently abandoned its plans for green steel production in Germany, specifically at its flat steel plants in Bremen and Eisenhüttenstadt. This decision stems from unfavorable market conditions and the economic unviability of producing CO2-reduced steel. The company is shifting its focus towards building electric arc furnaces, which they believe will become economically feasible in the future. Previously, the firm aimed to replace a blast furnace at each location by 2030, inte..