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Chocolate Industry Faces Perfect Storm: Prices Rise 12.6%, Treats Get Smaller
Business
2ย days, 16ย hours ago

Chocolate Industry Faces Perfect Storm: Prices Rise 12.6%, Treats Get Smaller

Major UK chocolate manufacturers are facing criticism for reducing the quality and quantity of their products, with some bars now containing less than 20% cocoa solids, thereby no longer qualifying as "chocolate" under UK regulations. As a result, pr

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Ben & Jerry's Ousts Three Board Members Amid Governance Shake-Up
Business
1ย day, 4ย hours ago

Ben & Jerry's Ousts Three Board Members Amid Governance Shake-Up

Ben & Jerry's has removed three independent board members, including Chair Anuradha Mittal, as part of a governance overhaul that introduces a nine-year term limit for board members. The move has sparked criticism from co-founder Ben Cohen, who views

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Holiday Streaming Deals Heat Up: Ad-Free Bundles Start at $13
Business
4ย hours, 1ย minute ago

Holiday Streaming Deals Heat Up: Ad-Free Bundles Start at $13

HBO Max, Disney, and Hulu are offering a 4K-streaming, ad-free bundle for $33 per month, a 40% discount from the regular price of $56 per month, making it a highly attractive option for subscribers seeking an ad-free experience. This deal is part of

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DEVELOPING: Ford Abruptly Halts F-150 Lightning Production
Business
1ย day, 13ย hours ago

DEVELOPING: Ford Abruptly Halts F-150 Lightning Production

Ford has unexpectedly halted production of its F-150 Lightning electric pickup truck, citing customer demand for more affordable options and the vehicle's unprofitability. The move comes after the company recently reduced prices on the Lightning by u

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"iRobot Falls to Chinese Control in Surprise Bankruptcy Move"
Business
1ย day, 16ย hours ago

"iRobot Falls to Chinese Control in Surprise Bankruptcy Move"

iRobot, the pioneering American maker of the Roomba, has filed for bankruptcy and will be taken over by its Chinese supplier, Picea, after a tumultuous period marked by declining revenue, regulatory scrutiny, and data privacy issues. This development

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iRobot Files for Bankruptcy Amid Tariff-Driven Financial Strains
Business
1ย day, 21ย hours ago

iRobot Files for Bankruptcy Amid Tariff-Driven Financial Strains

iRobot, the US-based company behind the popular Roomba vacuum cleaner, has filed for bankruptcy protection due to intense competition from Chinese rivals and increased costs from US tariffs, which have drained its valuation from $3.56 billion in 2021

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First Brands Founder Defies Misappropriation Claims, Blames Lenders
Business
15ย hours, 55ย minutes ago

First Brands Founder Defies Misappropriation Claims, Blames Lenders

First Brands founder Patrick James has filed a motion to dismiss a lawsuit accusing him of misappropriating hundreds of millions of dollars, shifting blame to lenders who provided the company with off-balance-sheet financing. James' defense argues th

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Southeast Asia Takes Flight: Region's Companies Showcase Space Capabilities
Business
3ย days, 4ย hours ago

Southeast Asia Takes Flight: Region's Companies Showcase Space Capabilities

Southeast Asia's space sector is gaining momentum, with countries like Thailand, Vietnam, Malaysia, and Singapore showcasing their fledgling industry at the Thai Space Expo in Bangkok. The region's potential as a space hub is being touted by investor

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DEVELOPING: Inflation Plunges Sharply as Food Prices Drop Faster Than Forecast
Business
1ย hour, 58ย minutes ago

DEVELOPING: Inflation Plunges Sharply as Food Prices Drop Faster Than Forecast

UK inflation unexpectedly plummeted to 3.2% in November, its lowest level in eight months, driven by sharp declines in food prices, particularly cakes, biscuits, and breakfast cereals. The 0.4 percentage point drop exceeded market forecasts, with foo

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"UK and South Korea Seal Historic Trade Deal"
Business
1ย day, 4ย hours ago

"UK and South Korea Seal Historic Trade Deal"

The UK and South Korea have finalized a trade deal, expected to create thousands of jobs and inject billions into the British economy, with 98% of trade remaining tariff-free and benefiting industries such as pharmaceuticals, car manufacturing, and f

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DEVELOPING: Roomba Maker Files for Bankruptcy Amid Crushing Debt and Tariff Burden
Business
1ย day, 17ย hours ago

DEVELOPING: Roomba Maker Files for Bankruptcy Amid Crushing Debt and Tariff Burden

iRobot, the US-based manufacturer of Roomba robot vacuums, has filed for bankruptcy due to crushing debt and the burden of tariffs imposed on its imported Vietnamese-manufactured products, with outstanding debts totaling $3.4 million to US Customs an

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Ford Takes $19.5 Billion Hit as it Shifts Electric Vehicle Strategy
Business
1ย day, 3ย hours ago

Ford Takes $19.5 Billion Hit as it Shifts Electric Vehicle Strategy

Ford has taken a significant $19.5 billion write-down as it pivots its electric vehicle strategy, scrapping production of certain larger EV models and refocusing on more affordable, customer-driven options. The Dearborn-based automaker aims to redire

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"UK Unemployment Soars to 5.1%, Young Workers Bear Brunt"
Business
16ย hours, 7ย minutes ago

"UK Unemployment Soars to 5.1%, Young Workers Bear Brunt"

The UK's unemployment rate has risen to 5.1%, with a significant 85,000 increase in unemployed 18-24-year-olds, the largest rise since November 2022, according to official data from the Office for National Statistics (ONS). This trend reflects a weak

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UK and South Korea Secure Tariff-Free Trade Deal in Major Post-Brexit Boost
Business
1ย day, 10ย hours ago

UK and South Korea Secure Tariff-Free Trade Deal in Major Post-Brexit Boost

The UK and South Korea have finalized a trade deal, which is expected to create thousands of jobs and inject billions into the British economy. Under the agreement, 98% of trade will remain tariff-free, protecting ยฃ2 billion of UK exports from increa

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Zoetis Seeks $1.75 Billion in Convertible Bond Sale
Business
1ย day, 21ย hours ago

Zoetis Seeks $1.75 Billion in Convertible Bond Sale

Zoetis Inc., a leading animal health firm, is issuing a $1.75 billion convertible bond with a coupon rate of 0.25 to 0.75, due in 2029, in a bid to raise capital. The offering is expected to have a significant impact on the company's financials, with

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German Authorities Foil Christmas Market Attack Plot, Arrest Five Suspects
Business
2ย days, 22ย hours ago

German Authorities Foil Christmas Market Attack Plot, Arrest Five Suspects

German authorities have arrested five individuals, including three Moroccans, an Egyptian, and a Syrian, suspected of plotting to attack a Christmas market in the southern Bavarian state. The planned attack, allegedly motivated by Islamist ideology,

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URGENT: Crash Test Dummy Secrets Exposed in Shocking Industry Revelation
Business
1ย day, 2ย hours ago

URGENT: Crash Test Dummy Secrets Exposed in Shocking Industry Revelation

Humanetics, the leading manufacturer of automotive crash test dummies, has been at the forefront of developing more human-like test devices, with a focus on improving safety standards. The company's efforts have led to significant advancements, inclu

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Magnificent 7 Stocks Falter: 5 Underperform Amid S&P 500's Strong Year
Business
1ย day, 21ย hours ago

Magnificent 7 Stocks Falter: 5 Underperform Amid S&P 500's Strong Year

The S&P 500 index, despite a 1.07% decline on Friday, remains up 16% year-to-date, driven largely by the Magnificent 7 tech stocks. However, only two of these stocks, Alphabet and Nvidia, have outperformed the market, with year-to-date gains of 63% a

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German Authorities Foil Christmas Market Attack Plot, Arrest Five Suspects
Business
2ย days, 16ย hours ago

German Authorities Foil Christmas Market Attack Plot, Arrest Five Suspects

German authorities have arrested five individuals, including three Moroccans, an Egyptian, and a Syrian, suspected of plotting to attack a Christmas market in the southern Bavarian state. The alleged plot, which was reportedly motivated by an Islamis

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Labor Market Hits 4.6% Unemployment Rate, Highest in 4 Years
Business
15ย hours, 56ย minutes ago

Labor Market Hits 4.6% Unemployment Rate, Highest in 4 Years

The US labor market has delivered a disappointing holiday season present, with the unemployment rate rising to 4.6% in November, its highest level in four years, as a virtual hiring freeze continues to plague the private sector. This shift is driven

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