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Mulberry Unveils Plan for Return to Profitability

UK luxury brand Mulberry unveiled a plan to return to profitability by focusing on the UK, accelerating growth in the US, and aligning operations in Asia.

BoE rate cut likely next week as slowdown weighs

Bank of England to consider interest rate cut next week amid slowing economy and wage growth

Shell Said to Near Sale of South African Assets After Valuation Spat

Shell and its South African partner near a deal on a valuation dispute, paving the way for the sale of Shell's local downstream assets for up to $1 billion.

The Federal Government: More Than Just a Boss That Writes Paychecks

The federal government does a lot for Americans. A funding freeze on federal programs would disrupt vital lifelines for millions of people. The freeze targeted over 2,600 programs, including those providing health insurance, childcare, food assistance, and housing aid. The freeze sparked outrage and protests, and was later rescinded.

Asian Shares Rise as Traders Eye Japanese Central Banker's Speech

Asian stocks rose and the dollar fell as traders focused on a speech by a Japanese central banker. The MSCI Asia Pacific Index gained 0.1%, helped by gains in Japan. The yen strengthened against the dollar after the BOJ hiked rates and the Fed signaled no rush to cut. SoftBank Group Corp.'s shares fell on news of a potential $25 billion investment in AI company OpenAI. US futures were higher, pointing to a reversal of the small declines in the major indexes on Wednesday.

Toyota Remains World's Best-Selling Automaker in 2024

Toyota reasserted its position as top-selling automaker for a fifth consecutive year with sales of 10.8 million vehicles in 2024 despite a 3.7% decline in global sales.

Philippine Economy Misses Growth Target on Weak Investment, Consumption

Philippine economy grew slower than expected in Q4, dragging expansion in 2024 below target as setbacks in investment, consumption and farm output held back momentum. GDP rose 5.2% from a year earlier, below the 5.5% median estimate in a Bloomberg News survey and matching the 5.2% pace in July to September. Full-year growth at 5.6% missed the adjusted government target of 6% to 6.5% and also the 5.8% forecast by economists.

SoftBank in Talks to Invest Up to $25 Billion in OpenAI

SoftBank eyes up to $25 billion stake in OpenAI, making it the AI startup's biggest backer.

Nissan Cuts Shift, Offers Buyouts to Align Output With Lower Sales

Nissan to Cut Shift, Staff at US Plants Amid Sales Slump, Honda Talks

LADWP Faces Liability Risk From Palisades Fire Damages

High fire risks and legal challenges amid California's recent destructive wildfires could lead to significant liabilities for the Los Angeles Department of Water and Power (LADWP).