Latest stories, analysis, and insights from the world of business.
E-commerce logistics company Stord has raised a $250 million funding round at a $3 billion valuation, doubling its valuation from a year ago. The round was led by Strike Capital with participation from top-tier investors including Kleiner Perkins and Founders Fund.
At its first Investor Day since 2022, Spotify outlined ambitious growth targets including 1 billion active users and $100 billion in annual revenue by 2030, driven by improved monetization across subscriptions, advertising, and new product layers like AI-powered features.
Eli Lilly announced plans to acquire three early- and mid-stage vaccine developers—Curevo, LimmaTech Biologics, and Vaccine Company—in deals worth up to nearly $4 billion combined. The acquisitions align with Lilly's strategy to prevent severe health problems caused by pathogens that can result in long-term health issues.
The war over forever chemicals in nonstick cookware has escalated to a new front over advertising claims, involving celebrity chefs, major cookware makers, and state legislatures.
The Supreme Court's invalidation of Trump's IEEPA tariff authority provides an unexpected exit ramp from a failing trade war, enabling a shift toward more constructive deal-making and delivering billions in refunds to American companies.
Uber's president has indicated that the company's artificial intelligence investments are becoming increasingly difficult to justify financially amid scrutiny over AI spending returns.
Israel's labour force demographics have shifted significantly since October 7, 2023, following revoked work permits and deportation of Palestinian workers. The changes are affecting both Israeli and Palestinian economies in substantial ways.
ByteDance is offering special low-priced stock options to employees of its AI lab to fend off poaching from rivals as China's tech talent war heats up, marking a first for the company.
Delta Air Lines handles more than 100,000 bags daily at Atlanta's Hartsfield-Jackson International Airport, and the airline is using AI technology to improve baggage-handling efficiency and help drivers prioritize luggage for connecting flights.
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Arvind Jain, CEO of AI startup Glean, receives thousands of job applications daily but struggles to find candidates with strong work ethic, pointing to hard work and AI mastery as the key skills Gen Z needs to stand out in today's competitive job market.
Brent crude oil surged 2% to $98.26 per barrel as U.S. military operations in southern Iran and Trump's mixed messaging on Tehran negotiations kept traders anxious. Global oil inventories are showing mounting strain, with significant drawdowns suggesting the market remains strongly undersupplied.
Rosewood Hotel Group has launched a global 16-week fully paid parental leave policy for all employees regardless of gender, positioning itself ahead of statutory minimums across Asia as the region grapples with historically low birth rates.
Starbucks Korea has suffered a significant drop in sales after a controversial marketing campaign launched on the anniversary of the May 18 Gwangju Uprising, when the military government cracked down on pro-democracy protesters, triggering widespread public outcry and boycott calls.
Rosewood Hotel Group has introduced a gender-neutral 16-week fully paid parental leave policy for all employees globally, positioning itself ahead of statutory minimums across Asia as the region grapples with plummeting birth rates.
Luxury hospitality group Rosewood Hotels has announced a 16-week paid parental leave policy to attract talent and support employee families amid Asia's declining birth rates.
With the U.S. shuttering USAID and European nations cutting climate aid budgets, Asian philanthropists are stepping in to address the region's disproportionate climate financing gap, with $5.8 trillion expected to change hands before decade's end.
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McKinsey research analyzing 200 family-owned businesses reveals that CEO succession failures stem primarily from outgoing leaders, not incompetent heirs. The study shows that poorly managed transitions destroy an estimated $1 trillion in market value globally annually.
Lord Wolfson, chief executive of Next, has warned of a dramatic fall in entry-level job opportunities in the UK, with applications for shop positions more than doubling in recent years. He attributed the crisis partly to government policies including increased employer National Insurance contributions and new Employment Rights Act regulations.