China’s central bank unveiled its strongest suite of economic stimulus measures since the start of the Covid pandemic, underlining the difficulty it faces in reviving an economy grappling with a prolonged property crisis and strong deflationary pressures. Governor Pan Gongsheng said the People’s Bank of China will cut the amount of cash that banks must…

Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024. Michael Buckner | Billboard | Getty Images Levi Strauss summoned the Beyhive on Monday after teasing a potential collaboration with Beyoncé in a post on Instagram. The brand’s shares briefly popped after the update and were…

Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon.  Jordan Gale | AFP | Getty Images Boeing on Monday sweetened its contract offer and said it was its “best and final” proposal for its more than 30,000 machinists as their strike, which has halted most of the…

The board of Rightmove says it will “carefully consider” the latest takeover offer from REA Group, the Australian property company majority-owned by Rupert Murdoch’s News Corp. One hopes Rightmove’s directors are merely being polite. This third bid, like the last two, deserves a flat rejection. Such a response would be consistent with Rightmove’s admirably robust…

Rachel Reeves had a difficult balancing act. Between offering up a message of optimism for Britain as a chancellor elected on a platform of change in July’s election landslide, and holding back the big news for next month’s budget. Facing criticism that she may have overcooked a doom-and-gloom-laden approach on the economy, paving the way…

Behind closed doors in a courtroom in Reno, Nevada, a high-stakes family business dispute has been unfolding. Rupert Murdoch is trying to change the terms of a long-standing family trust to give his favoured eldest son, Lachlan, full control of his media empire after his death. Associate Prof Andrew Dodd tells Nour Haydar how the…

California has filed a first-of-its-kind lawsuit against ExxonMobil for allegedly deceiving the public about the plastic pollution crisis, the state’s attorney general, Rob Bonta, announced on Monday. “For decades, ExxonMobil has been deceiving the public to convince us that plastic recycling could solve the plastic waste and pollution crisis when they clearly knew this wasn’t…

Rachel Reeves has defended her cut to the winter fuel allowance and abandoning infrastructure projects, arguing that the decisions taken in the early weeks of the Labour government would pave the way for a more optimistic economic future. Giving her first speech to the Labour conference as chancellor, Reeves said she had been forced to…

A Southwest Airlines plane takes off from Hollywood Burbank Airport on July 25, 2024 in Burbank, California.  Mario Tama | Getty Images Southwest Airlines has warned employees that it will have to make “difficult decisions” ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which has sought leadership changes at…

JCB has reported an increase in profits last year as strong US sales made up for the end of exports to Russia and faltering demand in the the UK and Germany. The company, one of the largest manufacturers in Britain, said that pre-tax profits rose 44% to £806m last year, up from £558m in 2022,…