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Jinjiang Group, a contractor for BYD, refutes claims by Brazilian authorities of 'slavery-like conditions' at a construction site in Brazil, citing translation misunderstandings and cultural differences.
Shinsegae Group and Alibaba International are forming a joint venture to enhance their e-commerce presence in South Korea, challenging local giants like Coupang and Naver.
Toyota Motor Corporation reported a decline in global production for the tenth consecutive month in November, despite achieving record sales driven by strong demand in the U.S. and China.
Toyota Motor North America has announced a $1 million donation to President-elect Donald Trump's inauguration, joining other major companies like Ford and GM. This move comes as Trump plans to impose tariffs that could impact automakers.
Iran has lifted its ban on WhatsApp and Google Play, marking a significant move towards easing internet restrictions. This decision is seen as a first step in scaling back some of the world's strictest internet controls.
Starbucks stock sees an uptick as striking baristas are set to return to work, following a five-day strike that affected over 300 stores nationwide.
Major banks and business groups have filed a lawsuit against the Federal Reserve, challenging the transparency and legality of the annual stress tests.
American Airlines experienced a nationwide ground stop due to a technical issue, affecting flights and causing stock fluctuations. Despite the disruption, the airline resumed operations with minimal long-term impact on its stock.
AstraZeneca and Daiichi Sankyo have withdrawn their EU marketing application for the lung cancer drug datopotamab deruxtecan following feedback from the European Medicines Agency.
Stellantis' FCA US unit has agreed to pay $4.2 million to resolve a California investigation into emissions violations involving Ram ProMaster vehicles. The settlement includes penalties and funds for environmental projects.
Oil prices increased in thin trading ahead of Christmas, supported by strong U.S. economic data and rising demand in India.
NeueHealth is set to be taken private by New Enterprise Associates in a $1.3 billion deal, marking a significant shift for the healthcare provider.
Dale Chappell, former Chief Scientific Officer of Humanigen, has been charged with insider trading, allegedly avoiding $38 million in losses by selling shares based on non-public information about the company's COVID-19 drug application.
TSMC shares have reached a record high, driven by strong AI investment and partnerships with major tech companies like Nvidia, Apple, and AMD.
Broadcom and AMD stocks surged on Monday, driven by investor optimism about AI-driven gains in the semiconductor industry.
Abbott Laboratories and DexCom Inc. have reached a settlement to resolve all patent disputes related to continuous glucose monitoring devices, agreeing to a 10-year non-litigation pact.
Canada's Competition Bureau has filed a lawsuit against Rogers Communications, alleging the company misled consumers with claims of unlimited data plans that actually have data caps.
Apple's stock reaches record highs as strong holiday sales and AI-driven innovations boost investor confidence, setting the stage for a potential $4 trillion market cap.
MetLife Investment Management is set to acquire PineBridge Investments for up to $1.2 billion, expanding its global asset management footprint.
Playa Hotels & Resorts is in exclusive negotiations with Hyatt Hotels for a potential acquisition, sparking interest in the hospitality sector.
Prosus NV is set to acquire Despegar.com, Latin America's leading online travel agency, for $1.7 billion. The acquisition aims to enhance Prosus's presence in the Latin American market, leveraging Despegar's established platform and Prosus's technological expertise.
Nordstrom is set to be taken private in a $6.25 billion deal by its founding family and Mexican retailer El Puerto de Liverpool, marking a significant shift in the company's ownership structure.
News Corp has agreed to sell its Australian cable TV unit Foxtel to DAZN for $2.1 billion, marking a strategic shift towards publishing and digital real estate.
Equinor has successfully increased its stake in Danish energy company Ørsted to 10%, following its initial announcement in October. The acquisition was completed after receiving necessary regulatory approvals.