A new bipartisan US bill, the Motor Vehicle Modernization Act of 2026, aims to block automakers with any direct or indirect ownership by foreign adversary governments, including China, from selling or manufacturing vehicles in the US. Mercedes-Benz could be banned under this legislation because its largest individual shareholder is BAIC, a Chinese state-owned automaker holding nearly 10% of shares. The bill includes exemptions for companies manufacturing in the US for at least five years, but these do not apply if there is Chinese government ownership. This legislation reflects growing US concerns about Chinese influence in the auto industry and could impact other automakers with Chinese ties. The bill is still pending and may be subject to changes or lobbying efforts.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
