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Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales

Home Depot is buying SRS as its sales growth stagnates and it leans into its home professional business.

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China-Australia wine trade to resume as Beijing nixes tariffs after 3 years

The move had been widely expected this month, and a formal announcement from Chinese commerce authorities shows how much ties with Canberra have improved in the past year.

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Easter travel warning as millions set to hit roads

The RAC warns of "carmageddon" as heavy traffic is expected during the Easter getaway.

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Thames Water races to find cash as problems worsen

Investors are refusing to provide an expected first £500m by the end of this month.

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4 Takeaways About Boeing’s Quality Problems

The company’s issues date back years, employees said, and were compounded by the pandemic, when it lost thousands of experienced workers.

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California $20 Fast-Food Minimum Wage Is Coming April 1

The nation’s highest state minimum wage for fast-food workers takes effect on Monday. Owners and employees are sizing up the potential impact.

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How Boeing Favored Speed Over Quality for the 737 Max

Problems have plagued the manufacturer even after two fatal crashes, and many current and former employees blame its focus on making planes more quickly.

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Hold the bazooka: weak China growth, low stimulus is new normal

Investors banking on Chinese policymakers providing aggressive stimulus are trapped in an old view of China and its economy. The news is far from all doom and gloom, but investors need to accept that China’s economy will remain vulnerable and recovery will take time.

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Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.

Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.

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China Lifts Punishing Tariffs on Australian Wine

Despite its thirst for Australian wine, China had taxed the imports in 2020 over a dispute about Covid-19.

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Chinese conglomerate Fosun International to accelerate asset sales as deleveraging campaign boosts financial profile

Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses

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The China smartphone giant taking on Tesla

Xiaomi's entry into the electric car market comes as a price war has been intensifying.

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Bird Flu Spreads to Dairy Cows

U.S. regulators confirmed that sick cattle in Texas, Kansas and possibly in New Mexico contracted avian influenza. They stressed that the nation’s milk supply is safe.

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Imagine a world free from the oppression of a US-led global order

It would spell the end of the US ability to impose its will on the international community, shape other countries in its image and shift the burden of its economic crisis onto others.

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Moderna moves three vaccines into final stage trials as it works to rebound from Covid slump

Moderna will chart its post-Covid future Wednesday during its fifth annual "Vaccines Day," an investor event in Boston.

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Cars, coal and gas... key cargo at Baltimore port

It handles more cars than any other US port. So what happens now it's closed for business?

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Disgraced 'Crypto King' Bankman-Fried to be sentenced

The former boss of bankrupt crypto exchange FTX is due to be sentenced for multi-billion dollar fraud.

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Ronna McDaniel and NBC Saga: The Perks and Perils of Partisan Talk on TV

Why are television news networks so enamored with paid Beltway analysts?

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Another Wayward Container Ship Shows World Trade’s Fragility

The destruction of a Baltimore bridge is hampering a busy port, adding to the strains confronting the global supply chain.

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Xi Jinping to China’s central bank: restart treasury-bond trade, after 2-decade hiatus

President Xi has told financial cadres that their monetary policy toolkit must include a controversial means of injecting liquidity into China’s economy – one that has not been used in two decades.

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Ninja, Twitch’s Top Streamer, Reveals Skin Cancer Diagnosis

The gamer, Tyler Blevins, said a mole removed from his foot during a recent checkup with a dermatologist was found to be a melanoma.

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Boeing Jokes Are a Favorite on TikTok. Guess Who’s Not Laughing.

Social media users have managed to turn the troubled airplane manufacturer’s headlines into punchlines, though some play fast and loose with the specifics.

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Trump Media’s Stock Has Made Many People and Companies Millions

A surge in the social media company’s market value has generated a windfall for current and former executives, on top of the bonanza for its largest shareholder, former President Trump.

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Novo Nordisk's $1,000 diabetes drug Ozempic can be made for less than $5 a month, study suggests

Researchers found Novo Nordisk's Ozempic could be manufactured for an estimated 89 cents to $4.73 for a month's supply, figures that include a profit margin.

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Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant

The reassessment comes amid slower-than-excepted adoption of EVs, as well as the Biden administration revising emissions rules.

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Disney Ends Its Fight With DeSantis Over Resort Development

The entertainment giant and the Florida governor have been sparring for two years over control of a tax district that encompasses Walt Disney World.

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Yellen Warns China Against Flood of Cheap Green Energy Exports

The Treasury secretary, who plans to make her second trip to China soon, argued that the country’s excess industrial production warped supply chains.

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Stephen Adams, Who Made Yale Music School Tuition-Free, Dies at 86

A billionaire businessman and a late-blooming piano aficionado, he set a record with the anonymous $100 million gift that he and his wife gave the school.

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They Grow Your Berries and Peaches, but Often Lack One Item: Insurance

Farmers of fruits and vegetables say coverage has become unavailable or unaffordable as drought and floods increasingly threaten their crops.

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Palisades Nuclear Plant in Michigan Plans to Reopen With $1.5 Billion Loan

The conditional loan from the Energy Department is part of a broad effort to revive the use of nuclear energy in the United States.

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Why the Solar Eclipse Will Not Leave People Without Power

Grid managers say they are well prepared to handle a sharp drop in the energy produced by solar panels as the eclipse darkens the sky in North America on April 8.

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Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90

He helped pioneer a branch of the field that exposed hard-wired mental biases in people’s economic behavior. The work led to a Nobel.

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Holidaymakers caught out by 10-year-passport rule

UK passports can have up to 10 years and nine months on them but EU countries won't accept them.

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Largest U.S. sportsbooks join forces to tackle problem gambling

FanDuel, DraftKings, BetMGM, Penn Entertainment, Fanatics Betting & Gaming, Hard Rock Digital and bet365 will form the Responsible Online Gaming Association.

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Supply chain concern after Baltimore ship crash

The Francis Scott Key Bridge, which collapsed on Tuesday, spanned the ninth-busiest port in the US.

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Budget fashion brands pledge clearer green claims

Asos, Boohoo and George at Asda will make changes after intervention from the competition authority.

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Bankers jailed for interest rate rigging lose appeal

Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.

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China’s home-grown C929 widebody passenger jet enters ‘crucial’ development stage amid Beijing’s aviation push

Commercial Aircraft Corporation of China official says the ‘overall technical scheme’ of the C929 ‘has been determined’, with the first middle section of the widebody passenger jet set to be delivered by September 2027.

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Costco and Sam's Club's smaller rival BJ's Wholesale will open more clubs in Southeast

The membership warehouse BJ's Wholesale said it plans to open a dozen clubs this year and 10 to 12 clubs each year going forward.

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The Fallout From the Credit Card Swipe Fee Fight

A proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.

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Hong Kong must continue to promote itself to attract international listings, capital and investors, Paul Chan and Bonnie Chan tell forum

Paul Chan, Hong Kong’s financial secretary, and Bonnie Chan, the CEO of bourse operator Hong Kong Exchanges and Clearing, were speaking at Fortune Innovation Forum 2024.

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China faces US$50 billion shortfall in Southeast Asia as belt and road funds miss their mark

An estimated US$50 billion pledged by China for infrastructure in Southeast Asia has yet to manifest in completed projects according to a recent study, raising questions over the efficacy of the country’s Belt and Road Initiative.

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Trump’s Media Company Worth Nearly $8 Billion on First Trading Day

Trump Media & Technology Group, fresh from a merger with a cash-rich shell company, started trading on the Nasdaq, adding billions of dollars to the former president’s wealth.

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Top streamer Ninja diagnosed with cancer at 32

Tyler 'Ninja' Blevins is the most-followed streamer in the world, with 19m followers on Twitch.

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Ford sees opportunity for Mustang as competitors abandon V8 engines

The optimism follows the Chevrolet Camaro and Dodge Challenger — the Mustang's closest American competitors — ended production in December.

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China calls for ‘critical’ IMF reforms to mirror economic prowess, a collective Asian voice

People’s Bank of China governor Pan Gongsheng tells the Boao Forum for Asia on Wednesday that established international institutions, including the International Monetary Fund (IMF), are in need of reform.

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5 New Hotels Where the Past Meets the Present

Turrets, towers and tapestries greet guests at these evocative hotels in reimagined historic buildings in London, New York and beyond. (The food’s not bad, either.)

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Israel Deploys Expansive Facial Recognition Program in Gaza

The experimental effort, which has not been disclosed, is being used to conduct mass surveillance of Palestinians in Gaza, according to military officials and others.

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How Elon Musk Became ‘Kind of Pro-China’

Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.

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Conservative Commentators Condemn Uproar at NBC

On Fox News and elsewhere, the commentators have expressed incredulity over the reaction to the hiring of Ronna McDaniel, the former chair of the Republican National Committee.

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Japan nappy maker shifts from babies to adults

Since 2011, sales of adult nappies have outpaced those for infants in Japan as its population ages.

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Wang Xiaoshuai, the Filmmaker, Draws Wrath of China’s Censors

Wang Xiaoshuai is among the few Chinese artists who refuse to bend to state limitations on the subjects they explore.

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Barclays bank payments restored after outage

The bank has apologised as some customers experienced issues with payments into and out of accounts.

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Automakers Rerouting Shipments After Baltimore Bridge Collapse

The city’s port ranks first in the country for the volume of automobiles and light trucks it handles.

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Baltimore Bridge Collapse Creates Upheaval at Largest U.S. Port for Car Trade

A bridge collapse closed Baltimore’s port, an important trade hub that ranks first in the nation by the volume of automobiles and light trucks it handles.

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China’s anxious jobseekers face reality as career aspirations vanish, youth unemployment pressure remains

Young jobseekers in China are grappling with disillusionment within the grim employment market, while Beijing is eager to maintain social stability and boost consumption.

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Ronna McDaniel Is Out at NBC News After Furor

A string of top stars had denounced the hiring of Ms. McDaniel, the former chairwoman of the Republican National Committee, on their own airwaves.

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Tackling deepfakes 'has turned into an arms race'

The battle against fake images, video and audio is becoming ever harder as the tech improves.

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European flying car technology sold to China

The Slovakian AirCar, built with a BMW engine and run on normal fuel, will now be made in China.

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What to Know About Trump Media’s Stock Debut

Trump Media attracted a frenzy of interest on its first day of trading, and is now worth nearly $8 billion. Here are the basics of what’s happening.

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New Women Workplace Index to track female-friendly office policies in Hong Kong, Asia

The Women Workplace Index, which was launched on Tuesday, will collect data from firms on policies and practices such as those against sexual harassment, as well as maternity leave and equal pay.

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Visa and Mastercard Agree to Cap Swipe Fees in Settlement

The deal could save merchants $30 billion over five years. It would also allow them to adjust prices based on the costs of accepting different credit cards.

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ISIS Claimed the Moscow Concert Hall Attack. Russian Officials Blame Others.

Russian narratives served to deflect attention from the failure to prevent the deadly attack while rallying the country behind the war in Ukraine.

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Sean Combs’s Lawyer Calls Home Raids an ‘Unprecedented Ambush’

A day after two of the entertainment executive’s homes were raided by federal agents from Homeland Security Investigations, his lawyer said his client is innocent.

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Vacation Rentals: How to Make Your Stay Sustainable

Tips on finding a sustainable short-term rental, what you can do to conserve energy and getting involved in the community.

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FDA approves Merck's drug for rare, deadly lung condition

The approval is a win for Merck, which is working to diversify its revenue stream as its blockbuster cancer drug Keytruda nears a loss of market exclusivity.

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Labor Department Proposes New Fiduciary Rule to Protect Investors

The Labor Department’s latest push for a new fiduciary rule would protect investors’ retirement savings and require financial services providers to change.

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Donald Trump media firm soars in stock market debut

The long awaited moment hands the former president a stake worth more than $4bn.

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Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs

Canada Goose said Tuesday that it will cut about 17% of its corporate workforce as consumers continue to pull back on discretionary spending. 

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Viking Therapeutics stock jumps more than 15% on promising weight loss pill data

The Viking study results add to the growing excitement around the biotech company and its potential in the budding weight loss market.

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McDonald's to sell Krispy Kreme doughnuts nationwide by the end of 2026

Krispy Kreme will more than double its distribution to reach McDonald's restaurants nationwide.

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Why a small China-made EV has global auto execs and politicians on edge

The China-built BYD Seagull, a compact all-electric hatchback, starts at just 69,800 yuan (or less than $10,000).

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TikTok Bill Would Complicate ByteDance Investments if Passed

Major U.S. investment firms such as General Atlantic, Susquehanna and Sequoia Capital own stakes in ByteDance, the parent of TikTok. Their investments are increasingly under fire.

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Hyundai’s Genesis reveals all-electric SUV concept, the Neolun

Hyundai's Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electric concept vehicle called the Neolun.

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Use of Abortion Pills Has Risen Significantly Post Roe, Research Shows

Two new studies show fast-growing use of the pills on the eve of the Supreme Court’s consideration of a case seeking to ban or restrict them.

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British Gas chief's pay package jumps to £8.2m

Centrica chief executive Chris O'Shea gets £4m more in 2023, up from £4.5m the year before.

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Data centre power use 'to surge six-fold in 10 years'

National Grid says "foundational technologies" like AI and quantum computing are driving power demand.

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How do I know if my smart meter is broken?

Almost four million smart meters in Great Britain were not working at the end of 2023.

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'We need someone to fix Boeing.' Here's who could replace Calhoun as the troubled plane maker's CEO

Boeing's next CEO must handle the company's safety crisis and quality problems as well as growing competition from Airbus and Chinese manufacturers.

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BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

BYD reported an 81 per cent jump in earnings last year to an all-time high on the back of record deliveries of new electric vehicles. Weak consumer spending might, however, cool sales, it said.

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China’s foreign investment, confidence push gathers speed as top officials highlight ‘win-win opportunities’

Nearly all of China’s top-level officials responsible for economic affairs have met or have plans to meet with multinational executives amid Beijing’s push to revive confidence and lure foreign investment.

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Almost four million smart meters not working properly

Customers report being hit by hefty bills caused by smart meters not working properly.

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Papa Johns pizza to shut nearly a tenth of UK sites

The chain has confirmed it will shut 43 of its 450 restaurants by the middle of May.

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Vacation home co-ownership platform Pacaso expands to lower-priced listings

Pacaso lists shares of vacation homes, generally an eighth but sometimes larger shares, and then facilitates the purchase, including financing if necessary.

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China jolts US at WTO with complaint over ‘discriminatory’ EV subsidies

China has lodged a grievance against US electric vehicle subsidies at the World Trade Organization, alleging ‘discrimination’ in selective treatment for products depending on the venue of their final assembly.

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Why BlackRock’s Larry Fink Wants to Rethink Retirement

Larry Fink, who leads the world’s biggest asset manager, warns in his annual investor letter that an aging population will soon pose huge economic troubles.

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Chinese ex-trade negotiator who backed Trump slams US for ‘dismantling the system’ of global trade

Long Yongtu tells the Boao Forum for Asia that ‘globalised economic and trade systems are at stake’, and targeting Chinese companies in Mexico would mean higher prices for Americans.

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Xpeng, BYD executives say Greater Bay Area firms’ expertise in smart tech, superfast battery charging will drive EV growth in China

Smart technology such as autonomous parking systems and the wide availability of superfast battery charging infrastructure will drive a boom in EV sales over the next five years, according to two of the segment’s leading manufacturers.

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Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.

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Welsh shoppers shell out the most for Easter eggs

Shoppers on average spent £13.52 on four chocolate treats this year amid soaring cocoa prices.

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China’s central bank head dissuades real estate woes as Vanke teeters towards default

Pan Gongsheng, governor of the People’s Bank of China, has attempted to dispel concerns over the country’s laggard property market in closed-door talks with executives and financiers.

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Top PE firms Apollo, Partners Group, TPG, with solid core business, target alternative assets in Asia to ‘generate alpha’

While PE firms operating in Asia are confident in their core business, they are eyeing alternative assets such as private credit and infrastructure to generate alpha, executives say at the Milken Institute symposium.

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Boeing boss to leave as firm faces safety crisis

Dave Calhoun will leave the planemaker at end of this year amid a deepening crisis over its safety record.

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DeSantis Signs Social Media Bill Barring Accounts for Children Under 14

A new Florida law also requires apps like TikTok and Snapchat to obtain a parent’s consent before giving accounts to 14- and 15-year-olds.

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In France, the Future Is Arriving on a Barge

The Seine is becoming a test case for a European plan to cut carbon emissions by turning rivers into the new highways.

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China’s ‘low-altitude economy’ on the rise as southern city named focal point

Nansha, a district in China’s southern provincial capital of Guangzhou, has been christened as a test bed for the ‘low-altitude economy’, an emerging industry covering unmanned vehicles, particularly drones.

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Moves to make it harder to repossess leasehold homes

Forfeiture means leaseholders can be threatened with losing their home if they do not pay service charges.

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NBC News Faces Rebellion Over Hiring of Ronna McDaniel, Ex-RNC Chair

In extraordinary on-air remarks, Mika Brzezinski, Joe Scarborough and Nicolle Wallace questioned their own network’s decision to hire Ronna McDaniel as a political analyst.

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Could AI take the grind out of accountancy?

AI could mean fewer accountancy jobs but is also taking over some of the more mundane tasks.

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Payout for Uber Eats driver over face scan bias case

A black delivery driver's account was removed after facial-recognition software failed to recognise him.

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Disposable bans will not work, says vape boss

British American Tobacco boss says bans overseas are not "effective" and the illegal market is large.

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U.S. and Britain Accuse China of Cyberespionage Campaign

The actions on both sides of the Atlantic, which included sanctions, underscored the escalation of cyberconflict between Western allies and Beijing.

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Inside Amira Yahyaoui’s Claims about Mos, a Student Aid Start-Up

Amira Yahyaoui, a human rights activist, promoted the success of her student aid start-up, Mos. Some of her statements do not add up, according to internal data and people familiar with the company.

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Young Chinese Embrace ‘Gross Outfits’ at Work

The social media movement is the latest sign that some of China’s young people are resisting the compulsion to strive.

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Minister calls for time in women's pension row

Work and Pensions Secretary Mel Stride says a report recommending pay-outs must be properly considered.

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Trump’s Multibillion-Dollar Social Media Company Will Start Trading on Tuesday

Trump Media & Technology Group completed a deal to merge with Digital World Acquisition Corp., a cash-rich shell company. The merger increases the former president’s net worth by roughly $3 billion.

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Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall

President Biden has called for $5 trillion in new taxes on corporations and high earners. But his record so far is as a net tax cutter.

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Chick-fil-A Shifts Its ‘No Antibiotic’ Chicken Policy

The fast food restaurant chain will continue to bar the use of antibiotics used to treat people but will permit the use of animal antibiotics.

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Dave Calhoun, Boeing CEO, to Step Down in Management Reshuffle

The company’s chief executive, Dave Calhoun, said he would leave at the end of the year. Stan Deal, Boeing’s head of commercial planes, departed immediately.

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Tennessee Company Hired Children to Operate ‘Dangerous’ Machinery, Officials Say

Tuff Torq Corp. of Morristown, Tenn., must pay a fine of nearly $300,000 and set aside $1.5 million in profits to compensate 10 underage workers, the Labor Department said.

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Dave Calhoun’s Rocky Tenure as Boeing CEO: Timeline

The outgoing chief executive’s four years in the top job were marked by safety scandals, grounded planes, Covid and more grounded planes.

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CBS Signs 5-Year Deal for Golden Globes

The agreement gives a much-needed shot in the arm for a program that was on life support not long ago.

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Has China Lost Its Taste for the iPhone?

Apple has deep ties in the country, its second-largest market. But there are signs that Chinese consumers are becoming a harder sell.

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Big Republican Donor Jeff Yass Owned Shares in Trump Media Merger Partner

The billionaire Wall Street financier is also a major investor in ByteDance, the Chinese parent company of TikTok, which faces a possible ban in the United States.

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E.U. Takes Aim at Alphabet, Apple and Meta in Wide-Ranging Investigations

The inquiries signal the bloc’s intention to tightly enforce sweeping new competition rules that took effect this month.

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Legoland owner to charge more at peak times

"Dynamic pricing" will see families pay more to enter a Merlin Entertainments venue at peak times.

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Amgen wants in on the booming weight loss drug market — and it's taking a different approach

Amgen is testing a monthly injection that works differently and appears to help patients maintain their weight loss even after they stop taking it.

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Higher Bid, and National Security Concerns, for Vista Outdoor

MNC Capital has raised its takeover offer for Vista Outdoor, the owner of Remington ammunition — and amplified worries about a non-American rival bidder.

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Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle

The move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.

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At China Development Forum, foreign firms keep calling for action as Beijing makes more promises

Industry and information technology minister touts benefits of setting up R&D centres in China and teaming up with domestic firms, as inbound investments have slowed amid geopolitical tensions.

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China plays down concerns over state health insurance scheme, but questions remain over ‘value for the money’

China’s state health insurance system regulator plays down concerns over a fall in the number of participants in the voluntary urban and rural residents’ scheme.

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How reforming rural land rights can aid China’s common prosperity push

China finds itself in need of its latest landmark reform as the urban-rural divide keeps growing and the broader economy is seeking new sources of growth. One possible solution is finding better uses for rural land and giving farmers the same legal rights as urban residents to rent, transfer or mortgage their land.

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Chuck Todd and ‘Morning Joe’ Hosts Object to NBC’s Hiring of Former R.N.C. Chair

The extraordinary comments on “Meet the Press” revealed tensions in NBC’s news divisions over Ronna McDaniel, who recently stepped down as head of the Republican National Committee.

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China wary of ripple effects as power-producer provinces combat drought

A drought in China’s southwest has stoked fears the dry period could have severe knock-on effects, with agriculture, hydroelectric power and aluminium production all facing potential shortfalls.

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Janet Yellen’s China plan: US Treasury secretary to meet American firms in Guangzhou before officials in Beijing, sources say

Before heading to Beijing next month, Yellen will be briefed in Guangzhou on the American business community’s concerns, including overcapacity issues, ahead of the US presidential election.

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China EV war: BYD takes on laggards Toyota, VW with steep price cuts

BYD, the world’s top-selling electric-vehicle maker, is currently discounting almost every model it sells, as part of a marketing campaign declaring ‘electricity is cheaper than oil’.

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Germany’s Solar Panel Industry, Once a Leader, Is Getting Squeezed

Domestic manufacturers are caught between China’s low prices and U.S. protectionist policies, even as demand increases.

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Asia-Pacific private equity deals stalled last year as slowing growth, high rates and volatile markets spooked investors: Bain

Japan overtook China as the biggest private equity market in Asia-Pacific last year, becoming the only country to see an increase in deal activity, according to Bain & Company.

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British Media Showed Restraint on Princess Kate’s Health. It Didn’t Make a Difference.

The online frenzy over Catherine’s health escalated despite a reserved approach by Fleet Street — which promptly blamed Americans for the furor.

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Gucci’s China shock reverberates across the luxury landscape

Fears of a slowdown in spending among Chinese shoppers have dogged the luxury industry for the better part of a year. Gucci’s sales slump may be a sign of things to come.

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Ping An, China’s largest insurer, is exploring ways to expand in Hong Kong and Greater Bay Area, co-CEO says

Ping An, China’s largest insurer by market capitalisation, is exploring ways to further expand operations in Hong Kong and the Greater Bay Area, its newly appointed co-CEO said.

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China’s construction for Indonesia’s new capital Nusantara to lead growing overseas city-building portfolio

Chinese construction firms are eyeing opportunities in Nusantara, which is set to replace Jakarta as Indonesia’s capital, adding to projects in Africa, the Middle East and elsewhere in Asia.

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Here's how much people are willing to spend on weight loss drugs, according to a new survey

Some patients are willing to pay more for GLP-1 weight loss drugs like Wegovy than others — and it's strongly correlated to their annual income.

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China’s hi-tech push for computing power, AI gains must overcome glaring shortcomings, analysts say

A dearth of critical supplies for AI development, exacerbated by Washington’s tech-curtailment moves against China, is seen reflecting the need for a unified and better-funded domestic market.

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What investors should know about the U.S. easing vehicle emissions rules

The EPA's percentage targets for EV adoption are not mandates but expectations for how automakers can meet its new regulations.

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China’s edge in the AI robotics race lies in the Greater Bay Area

Thanks to the Greater Bay Area’s tech champions Huawei, BYD, Tencent and DJI, China commands nearly 40 per cent of the global supply chain for embodied AI.

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Lululemon shares plunge 16% on weak guidance, slowing North America growth

Lululemon raised its holiday sales guidance in January after it saw sales trends come in "balanced across channels, categories, and geographies."

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Chrysler parent Stellantis laying off 400 salaried U.S. workers due to 'unprecedented uncertainties'

Stellantis on Friday said the layoffs would affect about 2% of employees in certain units "after rigorous organizational reviews."

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The U.S. is the top country for millionaires and billionaires

The population of millionaires in the U.S. over the past five years has grown nearly twice as fast as China’s.

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Fanatics fires back at DraftKings' claims of corporate espionage in bitter legal battle

In a legal battle over VIP bettors, Fanatics accuses DraftKings of creating a culture of retribution. DraftKings accuses Fanatics of corporate espionage.

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NBC's Paris Olympics opening ceremony will play on IMAX screens

NBC's live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S.

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China’s hydrogen ambitions chug on as train trial aims to keep green agenda on track

Reaching 160km/h (99mph) in a trial run, China’s new hydrogen-powered train is touted as a cleaner transport option as the nation strives to peak emissions by 2030.

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China’s Australian coal imports surge, replacing Russia as top supplier, but hi-tech products to be ‘slow burner’

China’s imports of Australian coal increased by 3,188 per cent year on year to US$1.34 billion in the first two months of 2024 amid improving relations between Beijing and Canberra.

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Russia’s car tycoons look to China for a lifeline to restart production in bid to nurture Europe’s biggest vehicle market

Russian carmakers are seeking to restart output in a country that produced some 1.5 million vehicles annually before the war and once aimed to become Europe’s biggest auto market.

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‘I want to help people fly – and keep them safe’

Many experienced aircraft engineers are retiring and the aerospace sector is struggling to replace them.

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China’s 300 million migrant workers key to boost consumption, not lavish infrastructure, ex-adviser says

A former central bank adviser says China’s 1 trillion yuan (US$139 billion) of ultra-long term special bonds should be used to improve services for migrant workers as it seeks to boost consumption to drive its economy.

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What makes China’s ‘ultra-long’ bonds special? Here’s what we know about Beijing’s trillion-yuan offering to stabilise economy

Beijing’s new off-budget treasury bonds will span decades, and they have been sold only 3 times before – in some of the most challenging economic times.

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Nike shares slide on lackluster outlook, slowing China sales

Nike is in the midst of a broad restructuring to cut costs by about $2 billion over the next three years as consumer demand remains uncertain.

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China sees rise of humanoid robots as ‘disruptive innovation’ that will spur economic growth

Just months old, the Beijing Humanoid Robot Innovation Centre says it will release a humanoid robot body soon, but core components still appear out of reach amid its tech war with the US.

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Medicare can now cover certain weight loss drugs in a big step for patients

Medicare patients can soon get coverage for Novo Nordisk's Wegovy as long as it is prescribed to reduce their risk of heart attacks and strokes.

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ESPN’s model is eroding. Past and present execs are split on how it can protect its dominance

CNBC spoke with ESPN chief Jimmy Pitaro, former Disney CEO Bob Chapek, and former ESPN President John Skipper as part of a digital documentary on ESPN's future.

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The top 10 richest cities in America

New York remains the richest city in the U.S. and the world with nearly 350,000 millionaires and 60 billionaires.

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Former Disney CEO Bob Chapek breaks silence, says there's no strategic need for ESPN partners

Former Disney CEO Bob Chapek spoke to CNBC about ESPN and its future in his first public comments since his 2022 firing.

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China’s central bank has named 2 new academic advisers, who are they?

People’s Bank of China (PBOC) has named two new academic advisers for its monetary policy committee, which submits advice to the State Council on key moves including interest rate changes and the value of the yuan.

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Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, tech businesses

Ping An, China’s largest insurer by market capitalisation, said its earnings fell for 2023 to their lowest level in five years, as strong sales of new policies were offset by setbacks in its asset management and technology investment businesses.

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China’s monetary policy mix more ‘effective, obvious’ than Western-style quantitative easing, focused on economic goals

Senior central bank official says China’s monetary policies are ‘effective and obvious when compared with foreign central banks’.

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China, EU financial regulators embark on voyage through choppy waters in search of common ground

The China-EU Working Group on Financial Cooperation has met for the first time, and analysts say that while such meetings between economic heavyweights are in the world’s best interests, progress may be slow to come.

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India in undersea race to mine world’s battery metal

The country has applied for two new licences to explore the deep seabed in parts of the Indian Ocean.

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China’s Shenzhen sees trade swell, with ‘impressive’ volumes to the US amid tech war

The first two months of 2024 were lucrative for the southern tech hub even as some of its biggest private players and industry champions remain under sanctions imposed by Washington.

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China EV exports, slammed by West’s trade barriers, find greener pastures with free-trade partners

Customs data for January and February shows how anti-subsidy probes and trade restrictions are taking a toll on new-energy sector, putting EV producers at risk of being squeezed out of the market.

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China ups the ante in hunt for foreign investment, hi-tech firms, but will Beijing follow through with actions?

President Xi Jinping visited a Chinese-German joint venture lithium battery material firm earlier this week, before the State Council also unveiled measures aimed at foreign investors and expats.

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For the sake of its economy, China must address youth unemployment

Beijing is already throwing the sink at the problem, from finding ‘new productive forces’ and sending youth to the countryside to making university deans knock on company doors for jobs.

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China has ‘bigger fish to fry’ despite Japan upping interest rates for first time in 17 years

Japan ended eight years of negative interest rates on Tuesday, but analysts do not expect any direct impact on China, which is prioritising the stability of the yuan over rate cuts.

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How I learned to stop worrying and embrace going cashless in China

The widespread use of mobile payment systems on the mainland is a convenient alternative to cash for workers, customers and entrepreneurs History may be repeating itself as China makes significant steps in digital currency and e-payment roll-outs before Western countries.

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China allows more durian from Vietnam as surging trade underpins new ‘codependency’ in ties

More than 99 per cent of Vietnam’s durian exports went to China last year, and the Southeast Asian country is expected to ship US$3.5 billion of the fruit in 2024.

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EU chamber warns of ‘slow-motion train accident’ with China, says something needs to change

China’s overcapacity is creating problems in Europe and crowding out domestic industries, according to the European Union Chamber of Commerce in China.

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China’s recalibration of energy efficiency target could increase emissions, put climate goal at risk, analysts say

China’s 2025 decarbonisation goals are in danger of veering off track after policymakers redefined a key energy target that could drive emissions higher, climate experts warn.

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How Temu is shaking up the world of online shopping

Despite controversy China's Temu is becoming a global online shopping force.

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What is a heat pump and how much do they cost?

The financial support to help households replace their gas boilers with heat pumps is increasing.

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Workaholics Anonymous: 'I couldn't step away from the computer'

We speak to people addicted to work after writer James Graham reveals he has the condition.

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What we know about Meghan's regal lifestyle brand

American Riviera Orchard has already amassed hundreds of thousands of online followers.

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Water crisis shakes India’s Silicon Valley

With long queues at public taps and fewer showers, Bengaluru's residents reel under a water shortage.

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'Journalists are feeding the AI hype machine'

AI reporters and experts discuss how well or otherwise the media covers the topic.

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Why firms are bringing their manufacturing back home

Businesses in the West are increasing reshoring their production due to three main factors.

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When wind turbine blades get old what's next?

As more wind farms are decommissioned ways need to be found to dispose of their tough turbine blades.

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Once India's most valuable start-up, Byju's is now fighting to survive

The ed-tech giant is teetering on the precipice after some investors voted to out its CEO last month.

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'HMRC gave me £49,000 tax relief, but wants it back'

Some UK start-ups who received tax breaks for innovation are being pursued to repay the money.

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What a $1 deal says about America's office market

The US is facing an office property "apocalypse", which is creating worries around the world.

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Faisal Islam: The Budget was more radical than it looked

It lacked pre-election fireworks, but there was a radical thread that could have long-term consequences.

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Your data is all over the web - is there a better way?

Would it be better to keep your personal data in one place, rather than entering it into hundreds of websites?

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MH370: The families haunted by one of aviation's greatest mysteries

They still feel chained to the plane that vanished 10 years ago, with their loved ones on board.

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'I earn £70,000 and can now get child benefit payments'

The BBC spoke to people with a range of earnings and household set-ups about how the Budget affects them.

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What does the Budget mean for you?

Tax and spending cuts will have a significant impact on your finances, so here's what it means for you.

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Can the Panama Canal save itself?

The authority that runs the canal is looking at ways to conserve the water it needs to stay open.

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