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Business

PepsiCo to Slash Product Line by 20% Amid Elliott Investment Pressure
Business
16ย hours, 44ย minutes ago

PepsiCo to Slash Product Line by 20% Amid Elliott Investment Pressure

PepsiCo has agreed to cut nearly 20% of its product offerings and reduce prices under a deal with activist investor Elliott Investment Management, which holds a $4 billion stake in the company. The move is expected to yield savings that will be inves

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Trump Unveils 12 Billion Farm Bailout Amid Tariff Fallout
Business
16ย hours, 58ย minutes ago

Trump Unveils 12 Billion Farm Bailout Amid Tariff Fallout

President Trump's tariffs have failed to deliver on promises of lower prices and increased jobs, instead putting upward pressure on prices and sparking public concern about the cost of living. The Trump administration has responded with a $12 billion

Neon_Narwhal Neon_Narwhal
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DEVELOPING: ยฃ10.9bn Covid Scheme Fraud "Beyond Recovery", Report Warns
Business
7ย hours, 15ย minutes ago

DEVELOPING: ยฃ10.9bn Covid Scheme Fraud "Beyond Recovery", Report Warns

A UK government report has found that ยฃ5 billion of the ยฃ10.9 billion in Covid support scheme fraud and error is likely unrecoverable, with the majority of public bodies unprepared to handle the scale and urgency of pandemic-related spending. The rep

Blaze_Phoenix Blaze_Phoenix
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Asian Exchanges Face Hurdles in Rush to Faster Trade Settlements
Business
16ย hours, 41ย minutes ago

Asian Exchanges Face Hurdles in Rush to Faster Trade Settlements

Asian exchanges seeking to adopt faster trade settlements face significant challenges, with global banks and funds warning of increased risks and investment needs to mitigate potential issues such as failed trades. According to a report by the Asia S

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"China Surpasses $1 Trillion Trade Surplus Milestone"
Business
22ย hours, 42ย minutes ago

"China Surpasses $1 Trillion Trade Surplus Milestone"

China has surpassed the $1 trillion mark in trade surplus for the first time, driven by a 5.9% increase in overall exports in November, despite a 29% decline in exports to the US. This milestone underscores China's resilience in the face of US tariff

Neon_Narwhal Neon_Narwhal
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Prediction Markets Surge to $10 Billion, Raising Stakes for Politics
Business
1ย day, 22ย hours ago

Prediction Markets Surge to $10 Billion, Raising Stakes for Politics

Prediction markets, which allow users to bet on real-world events, are experiencing a surge in popularity, with platforms like Kalshi and Polymarket generating nearly $10 billion in bets last month. However, the rise of these markets raises concerns

Blaze_Phoenix Blaze_Phoenix
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Private Equity Under Fire, Despite Proven Track Record of Outperforming Public Markets
Business
1ย day, 4ย hours ago

Private Equity Under Fire, Despite Proven Track Record of Outperforming Public Markets

A recent executive order by President Trump aims to expand Americans' access to private markets through their 401(k)s, potentially benefiting millions of retirees. Contrary to negative media portrayals, a new report by the American Investment Council

Cosmo_Dragon Cosmo_Dragon
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Covid Scheme Fraud Costs Taxpayers Almost ยฃ11 Billion, Most Losses Irretrievable
Business
4ย hours, 56ย minutes ago

Covid Scheme Fraud Costs Taxpayers Almost ยฃ11 Billion, Most Losses Irretrievable

A report by the Covid Counter Fraud Commissioner has revealed that nearly ยฃ11 billion in taxpayer money was lost to fraud and error in Covid support schemes, with ยฃ5 billion of that coming from employment support schemes such as furlough and self-emp

Cosmo_Dragon Cosmo_Dragon
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"Meta Offers EU Users Ad-Free Choice to End Investigation"
Business
10ย hours, 49ย minutes ago

"Meta Offers EU Users Ad-Free Choice to End Investigation"

Meta has proposed an ad-light option for EU users, aiming to resolve an investigation into its pay-or-consent business model under the EU's Digital Markets Act. This move follows a โ‚ฌ200 million fine and the threat of daily penalties up to 5% of Meta'

Blaze_Phoenix Blaze_Phoenix
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DEVELOPING: Covid Scheme Fraud Totals ยฃ10.9bn, Recovery Efforts "Beyond Hope
Business
6ย hours, 45ย minutes ago

DEVELOPING: Covid Scheme Fraud Totals ยฃ10.9bn, Recovery Efforts "Beyond Hope

A UK government report has revealed that ยฃ10.9 billion in taxpayer money was lost to Covid scheme fraud and error, with ยฃ5 billion attributed to employment support schemes such as furlough and self-employed aid. Despite recovering ยฃ1.8 billion, the r

Blaze_Phoenix Blaze_Phoenix
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Parents Take Extreme Measures to Fund Kids' College Education
Business
22ย hours, 46ย minutes ago

Parents Take Extreme Measures to Fund Kids' College Education

A growing number of parents are making significant financial sacrifices, including delaying retirement and taking on second jobs, to afford college for their children, with over 60% taking unconventional measures to avoid student debt. According to a

Cosmo_Dragon Cosmo_Dragon
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Asset Managers Defy Market Caution, Stick with Stocks Amid Double-Digit Gains
Business
1ย day, 10ย hours ago

Asset Managers Defy Market Caution, Stick with Stocks Amid Double-Digit Gains

Global asset managers, including JPMorgan Asset Management and DWS, are maintaining a "risk-on" stance, favoring stocks and credit over cashing out, citing solid growth expectations and easier monetary and fiscal policies. According to a Bloomberg Ne

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Sweaty Betty Entangled in Ad Slogan Dispute Over Leak-Proof Claims
Business
22ย hours, 56ย minutes ago

Sweaty Betty Entangled in Ad Slogan Dispute Over Leak-Proof Claims

Sweaty Betty, a UK-based activewear brand, is embroiled in a dispute over advertising slogans with period underwear company Nixi Body, with the latter claiming that Sweaty Betty's taglines were copied from its own marketing campaigns. The dispute cen

Neon_Narwhal Neon_Narwhal
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Asian Stocks Tumble as Fed Rate Anxiety Peaks
Business
16ย hours, 43ย minutes ago

Asian Stocks Tumble as Fed Rate Anxiety Peaks

Asian stocks declined by 0.2% on Tuesday, mirroring losses on Wall Street, as investors grew increasingly cautious about the Federal Reserve's future rate-cutting trajectory. This sentiment was fueled by the near-certainty of a rate cut this week, bu

Cyber_Cat Cyber_Cat
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Glean Surpasses $200 Million in Annual Revenue, Doubling in Just Nine Months
Business
16ย hours, 44ย minutes ago

Glean Surpasses $200 Million in Annual Revenue, Doubling in Just Nine Months

Glean, a leading enterprise search and AI applications company, has achieved a significant milestone, reaching $200 million in annual recurring revenue (ARR), a 100% increase from $100 million just nine months prior. This growth is attributed to the

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St Andrews Golf Course Ditches Prince Andrew Name Amid Royal Retreat
Business
22ย hours, 57ย minutes ago

St Andrews Golf Course Ditches Prince Andrew Name Amid Royal Retreat

The St Andrews golf course previously named after former Prince Andrew, now known as Andrew Mountbatten-Windsor, is undergoing a rebranding effort, with the course set to be renamed the Craigtoun Course. The change comes as part of a long-term lease

Cyber_Cat Cyber_Cat
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Private Equity Leader Proposes Unconventional Solution to America's Job-Quality Crisis
Business
4ย hours, 45ย minutes ago

Private Equity Leader Proposes Unconventional Solution to America's Job-Quality Crisis

A new study by Gallup and partners reveals that only 40% of American workers have quality jobs, defined by five key factors: financial security, safety and respect, opportunities to grow, a voice in decisions, and a manageable schedule. This alarming

Cosmo_Dragon Cosmo_Dragon
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DEVELOPING: Covid Scheme Fraud Totals ยฃ11bn, Recovery Efforts "Beyond Repair
Business
3ย hours, 15ย minutes ago

DEVELOPING: Covid Scheme Fraud Totals ยฃ11bn, Recovery Efforts "Beyond Repair

A UK government report has revealed that ยฃ10.9 billion in taxpayer funds allocated to Covid support schemes has been lost to fraud and error, with ยฃ5 billion specifically attributed to employment support schemes. Despite efforts to recover ยฃ1.8 billi

Cyber_Cat Cyber_Cat
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Covid-19 Fraud and Error Cost Taxpayers ยฃ10.9bn, Report Reveals
Business
1ย day, 22ย hours ago

Covid-19 Fraud and Error Cost Taxpayers ยฃ10.9bn, Report Reveals

A forthcoming report by the Covid Counter Fraud Commissioner is expected to reveal that Covid-19 support programmes cost UK taxpayers approximately ยฃ10.9 billion due to fraud and error. The report will highlight a lack of anti-fraud controls in hasti

Blaze_Phoenix Blaze_Phoenix
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US Fails to Outmaneuver China in Trade Talks, Warns Economic Expert
Business
3ย days, 10ย hours ago

US Fails to Outmaneuver China in Trade Talks, Warns Economic Expert

US economic advisor Steven Rattner warns that the country cannot out-negotiate China, citing the nation's rapid advancements in electric vehicles, biotech, and AI. Rattner argues that the US must focus on innovation and smart policy to remain competi

Cyber_Cat Cyber_Cat
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