International Business Times

EV Vehicle Maker Nikola Files For Bankruptcy Protection: 'Our Very Best Efforts Have Not Been Enough'

The company says it has faced significant challenges.

Bankrupt Ex-Turkey Operator Of KFC, Pizza Hut Says Wages To Be Paid
Bankrupt Joann Will Close 500 Fabric Stores In US. Here's When Going-Out-Of-Business Sales Begin
All Quiksilver And Billabong Stores In US To Close After Owner Files For Bankruptcy

Home Builder Toll Brothers Misses Earnings Estimates As Housing Market Woes Continue
Toll Brothers, Inc. reported lower-than-expected results for the first quarter in their earnings report, falling short of expectations--despite a rise in new contracts.
Elon Musk Mulls $5,000 Checks For Taxpaying Americans Using DOGE 'Savings', But X Users Unsure
Elon Musk said Tuesday he will consult with President Trump regarding a proposal to take a portion of the savings DOGE claims it has made and send refund checks to taxpaying Americans.
USPS Postmaster General Louis DeJoy To Step Down
DeJoy became the head of the postal service in 2020 during a period of major financial and operational challenges.
Walmart Faces Risks From Trump Tariffs
As Walmart prepares to announce its annual sales, investors worry that President Donald Trump's tariffs on foreign-made merchandise could threaten its low-cost model.
Trump Says US Auto Tariffs To Be Around 25%
US President Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 percent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors.
SpaceX Falcon 9 Rocket Successfully Parks Off The Bahamas For First Time After Starlink Mission
SpaceX's Falcon 9 rocket, which delivered 23 Starlink satellites to the constellation Tuesday, made a successful landing off the coast of The Bahamas for the first time, marking another milestone in the company's journey toward revolutionizing space technology.
KFC Trades Kentucky For Texas For Corporate Headquarters
Yum Brands, which also owned Taco Bell and Pizza Hut, said remote workers will also be required to relocate.
Trump Signs Order Expanding IVF 5 Months After Senate Republicans Killed Bill On Floor
President Donald Trump broke from some of his most conservative supporters on Tuesday by signing an executive order directing his administration to pursue ways to reduce the cost of in vitro fertilization.

Doom Spending On The Rise? Trump Tariff Fears Spark Buying Frenzy, Report Finds

While, 19% of American consumers say they are buying more than usual, with 5% buying a lot more and 14% buying a little more.

Economy in Focus

UK Annual Inflation Jumps More Than Expected
Britain's annual inflation rate rose more than expected last month, official data showed Wednesday, adding pressure to the Labour government which is also facing sluggish economic growth.
Asian Markets Swing As Traders Assess Latest Tariffs Volley
New Homebuilder Sentiment Report Drops Sharply As Builders Lose Confidence

War in Ukraine

Macron To Host New Emergency Talks On Ukraine
French President Emmanuel Macron was set on Wednesday to host a new meeting on Ukraine in a bid to coordinate a European response to what he called an "existential threat" from Russia amid a shock policy shift in Washington.
Zelensky Slams US-Russia Talks, Urges 'Fair' Negotiations
Ukrainian President Volodymyr Zelensky on Tuesday criticised US-Russia talks for excluding Kyiv, saying efforts to end the war must be "fair" and involve European countries including Turkey.
Putin Open To Meeting With Zelensky 'If Necessary' As Trump's Cabinet Begins Negotiations
The Kremlin says that Vladimir Putin might be willing to meet with Ukrainian President Volodymyr Zelensky.
Russia, US To Name Negotiators On Ending Ukraine War
Russia and the United States will name teams to negotiate a path to ending the war in Ukraine, the powers decided on Tuesday in discussions that drew a rebuke from Kyiv over its exclusion.

$LIBRA Scandal: Co-Creator Allegedly Claims To 'Control' Javier Milei Through Payments To His Sister

Hayden Davis, a co-creator of the $LIBRA token, allegedly claimed in text messages sent mid-December that he sent payments to Argentine President Javier Milei's sister.

Binance Commits to Financial Inclusion by Reducing Remittance Costs by $1.75 Billion Since 2022

Binance found that in 2024, more than 500,000 female users collectively sent upwards of $4 billion worth of domestic and international cryptocurrency remittances.

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Business Lookahead: Jobs, Prices And AI

From U.S. jobs numbers that could give the Fed pause for thought, to signs the AI bandwagon is picking up speed, these are the big stories to watch out for in business and finance in the coming days. Rachel Faber has the details.

US Economic Uncertainty Means Bigger 'Black Friday' Discounts
Dublin Riot Highlights 'Far-Right' Agitation Over Ireland Immigration
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Taiwan Strait: Chinese Ship 'Cuts Off US Destroyer'
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Dashcam Video Captures Missile Falling Near Kyiv Car
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Saudi Pledges Big Oil Cuts In July