
Tesla Stock Surges After Elon Musk Buys Nearly $1 Billion in Shares
Sep 16, 2025 01:30 am UTC| Business
Tesla shares closed 3.6% higher on Monday after CEO Elon Musk revealed a major stock purchase worth almost $1 billion. The stock climbed as much as 7.5% earlier in the session before settling at levels near $420a price...

Conflict in Eastern Congo Threatens Coffee Industry Revival
Sep 15, 2025 07:31 am UTC| Economy Business
In the fertile highlands of eastern Democratic Republic of Congo (DRC), coffee farmers are watching their livelihoods collapse as conflict intensifies. Once-thriving Arabica coffee crops in North and South Kivu provinces...

Xpeng Partners with Magna to Build Electric Vehicles in Austria
Sep 15, 2025 06:57 am UTC| Business
Chinese electric vehicle maker Xpeng (HK:9868) has announced a major partnership with global automotive supplier Magna International (NYSE:MGA) to expand its footprint in Europe. Under the agreement, Magna will manufacture...

Swatch to Raise U.S. Watch Prices After Trump Tariffs
Sep 15, 2025 06:28 am UTC| Business
Swiss watchmaker Swatch will increase its U.S. prices by 5% to 15% following the 39% tariff imposed on Swiss imports by President Donald Trump last month. Chief Executive Nick Hayek explained in an interview with NZZ am...

Starlink Restores Service After Brief Nationwide Outage
Sep 15, 2025 06:19 am UTC| Business Technology
Elon Musks satellite internet service, Starlink, quickly bounced back after a brief outage disrupted connections for tens of thousands of users across the United States early Monday. According to outage tracking website...

BYD and Chinese Automakers Commit to Timely Supplier Payments Amid Industry Push
Sep 15, 2025 06:05 am UTC| Business
Chinas leading electric vehicle maker BYD announced it will strengthen efforts to ensure timely payments to suppliers, joining other major automakers in supporting an industry-wide initiative aimed at stabilizing the auto...

Sainsbury’s Ends Argos Sale Talks With JD.com After Disagreement on Terms
Sep 15, 2025 04:25 am UTC| Business
British retailer J Sainsbury PLC (LON:SBRY) announced it has ended discussions with Chinas JD.com (HK:9618) regarding a potential sale of its Argos business. The supermarket group stated that JD sought materially revised...