BMW Chief Executive Officer Oliver Zipse has publicly opposed European Union plans for punitive import tariffs on Chinese electric vehicles. While acknowledging the intense competitive pressure affordable Chinese models introduce to the European market, Zipse warned that protectionist trade barriers risk triggering damaging retaliatory measures from Beijing against European automakers...
Melbourne-based education giant IDP Education has unanimously rejected a sweetened cash takeover proposal of A$2.50 per share from private equity firm Blackstone. The rejected bid valued the international student placement provider and IELTS English-language exam co-owner at approximately A$694.7 million, representing a 56% premium over IDP's previous closing price. IDP...
DoorDash has agreed to a $131.5 million settlement with New York City to resolve an investigation into minimum-pay rules and compensation errors affecting app-based delivery workers. Announced by the Department of Consumer and Worker Protection, the agreement allocates more than $83 million to resolve disputes regarding calculations for on-call waiting...
Goldman Sachs has appointed veteran dealmaker Simon Lyons as co-head of UK investment banking, welcoming him to the firm as a partner. Lyons will share leadership responsibilities alongside existing UK co-head Nimesh Khiroya. A recognized industry figure, Lyons brings extensive mergers and acquisitions expertise from previous senior leadership roles at...
Roche Holding AG announced mid-stage clinical trial results for its experimental obesity drug, enicepatide, showing significant weight loss and blood glucose improvements. Patients with type 2 diabetes who received the highest 24-milligram weekly dose recorded an average body weight reduction of 15.5% after 48 weeks. The trial also demonstrated a...
The Toronto International Film Festival featured more Chinese-language and China-produced films than last year, driven by improving diplomatic ties between Canada and China and a push by Asian filmmakers to reach wider global audiences. Mainland China and Hong Kong productions accounted for six titles in 2026, up from three during...
British luxury fashion house Burberry showcased its vibrant summer collection at the Chelsea College of Arts in London, featuring embroidered trench coats and flowery skirt suits. Creative director Daniel Lee presented a minimalist white-cube runway show on Tuesday, highlighted by windowpane check fabrics overlaid with intricate mimosa and lavender embroidery....
Indonesia expects a shorter rainy season starting in November due to an enduring El Nino weather pattern lasting into early 2027, the weather agency announced on Tuesday. Agency chief Teuku Faisal Fathani stated that 61 percent of the country will experience delayed rainfall following an extended dry season that fueled...
US battery startup EnerVenue has opened a highly automated manufacturing facility in Changzhou, China, following its decision to abandon a planned $264 million factory in Kentucky. Founded by Stanford materials science professor Yi Cui, the company utilizes NASA-derived nickel-hydrogen battery technology originally developed for space exploration. Company officials cited lower...
Chinese artificial intelligence startup DeepSeek and other domestic firms have been invited to brief the United Nations Security Council on technology risks. The fifteen-member body scheduled a session to discuss AI and international security during the annual UN General Assembly in New York. The development comes as global leaders and...
