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Business

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P&G announces 7,000 job cuts in two-year global restructuring
P&G to cut 7,000 jobs, streamline brands amid tariff pressures

CINCINNATI, Ohio: Facing global economic headwinds and mounting tariff pressures, Procter & Gamble announced plans this week to cut...

Tesla faces EV market pressure as May sales slide in Europe
Tesla sales fall again in Europe ahead of new Model Y rollout

AMSTERDAM, Netherlands: Tesla saw a sharp decline in sales across several major European markets in May, marking its fifth consecutive...

Mercedes prepares for supply breaks as China delays mineral supply
European car plants halt as China limits rare earth exports

BERLIN/FRANKFURT: Some car parts factories in Europe have stopped production, and companies like Mercedes-Benz are making backup plans...

McDonald’s Snack Wrap returns to US after 9-year hiatus
McDonald's brings back Snack Wrap to US 9 years later

CHICAGO, Illinois: McDonald's is bringing back its much-loved Snack Wrap in the U.S. starting July 10. The wrap, which includes chicken,...

Dollar General raises full-year profit and sales forecast
Dollar General reports record $10.44 billion in quarterly sales

GOODLETTSVILLE, Tennessee: Dollar General reported record sales of US$10.44 billion for the latest quarter and raised its full-year...

Electric aircraft lands at JFK as Beta hits major milestone
Beta lands first all-electric aircraft at JFK in regional first

SOUTH BURLINGTON, Vermont: Beta Technologies has become the first U.S. company to land an all-electric aircraft at an airport in the...

Asia Pacific

Section
Japan’s 2024 birth rate drops below 700,000 for first time
Japan's births hit record low, deepening demographic emergency

TOKYO, Japan: Japan's demographic challenges intensified in 2024, with the number of births falling to another all-time low—underscoring...

China bureaucrat bottlenecks over rare earths ripple through industry
Few Chinese officials now decide the fate of global EV production

BEIJING, China: A little-known office inside China's Ministry of Commerce has become a powerful chokepoint in the global auto and tech...

Mercedes prepares for supply breaks as China delays mineral supply
European car plants halt as China limits rare earth exports

BERLIN/FRANKFURT: Some car parts factories in Europe have stopped production, and companies like Mercedes-Benz are making backup plans...

China offers secret bounty for suspected Taiwan-linked hackers
China issues bounty for hackers it says are linked to Taiwan

BEIJING, China: The public security bureau in Guangzhou, a city in China, has announced a secret reward for more than 20 people it...

Lee Jae-myung becomes president after South Korea’s political crisis
What can South Korea and world expect in Lee's presidency?

SEOUL, South Korea: South Korea's new president, liberal Lee Jae-myung, took office on June 4 after a dramatic and chaotic few months....

Policy debates in South Korean election drowned by personal attacks
South Korea's election turns nasty amid scandals

SEOUL, South Korea: South Korea's upcoming presidential election has turned into a messy battle full of personal insults and scandals...