Browsing: Business

CUPERTINO, California, October 21, 2025: Apple Inc. moved closer to a $4 trillion market valuation this week, reaching new record highs after the launch of its iPhone 17 series fueled investor confidence and lifted its stock price. Shares of the Cupertino-based technology giant rose 4.2 percent on Friday to close at $262.90, pushing the company’s market capitalization to approximately $3.9 trillion. The surge followed stronger-than-expected early sales figures for the iPhone 17, particularly in the United States and China, Apple’s two largest markets. According to data compiled in the first 10 days after launch, iPhone 17 sales rose by 14 percent compared to the…

Washington, October 18, 2025: United Parcel Service (UPS) is facing mounting criticism after a surge in reports that international packages are being destroyed or returned following customs clearance failures in the United States. The developments follow the end of the $800 “de minimis” exemption, exposing even low-value imports to full customs scrutiny, tariffs, and documentation requirements. The change took effect on August 29, 2025, under revised federal import regulations that eliminate duty-free entry for shipments previously classified under the exemption. The result has been a sharp increase in clearance issues at major  UPS  hubs, including Louisville, Kentucky, where customers report that parcels…

BRUSSELS, October 11, 2025: The European Commission announced on Friday the addition of six new AI Factories to its growing network, marking a significant step in its efforts to position the European Union as a global hub for artificial intelligence. The expansion brings the total number of AI Factories to 19, operating across 16 member states. The newly selected facilities will be located in the Czech Republic, Lithuania, the Netherlands, Poland, Romania, and Spain. These AI Factories will provide start-ups, small and medium-sized enterprises, research institutions, and public sector organizations with access to high-performance computing infrastructure optimized for artificial intelligence applications. The facilities are designed to support the development, testing, and…

MARSHALL, Texas, October 11, 2025: A federal jury in Marshall, Texas, has ordered Samsung Electronics to pay $445.5 million in damages to Collision Communications, finding that the South Korean technology company willfully infringed four patents tied to wireless communication standards used in 4G, 5G and Wi-Fi technologies. The verdict, delivered on Friday, October 10, follows a four-day trial in the U.S. District Court for the Eastern District of Texas. Jurors concluded that Samsung’s smartphones, laptops and other wireless-enabled devices infringed intellectual property held by Massachusetts-based Collision Communications, a company that specializes in advanced telecommunications solutions. The eight-member jury reached its unanimous decision after approximately two…

Gold hits $4,000 per ounce, pushing global mining stocks higher amid strong investor demand, central bank buying and record ETF inflows.

PepsiCo beats Q3 2025 estimates with $23.94B in revenue, driven by strong international markets while North American volume faces pressure.

Trump and Carney met in Washington to discuss US-Canada trade, with tariffs, USMCA compliance, and economic concerns dominating the agenda.

Gold surged to a record $3,963 as market demand soared amid global instability and US policy uncertainty, reinforcing its safe-haven status.

The US shutdown halts key economic reports including jobs data, leaving markets and policymakers without vital metrics for decision-making.

UK faces trade disruption as Trump announces new tariffs on pharmaceuticals, trucks and films, straining bilateral ties and impacting key export sectors.