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A fast-moving wildfire freshly tore through the Hollywood Hills early Thursday, threatening a region synonymous with the American film industry. The blaze added to the strain on millions of Los Angeles residents already grappling with devastating fires that have decimated entire neighborhoods and turned the skies into a smoky, ember-filled haze. At least five lives… Continue reading How many billions will California fires cost the US economy?

The operator of the global clothing chain Uniqlo reported first-quarter results on Thursday that, while showing a rise in profits, fell slightly short of analyst expectations. A sharp decline in profit in China overshadowed strong sales in its home market of Japan, highlighting the complexities of balancing global growth in a dynamic retail environment. Fast… Continue reading Uniqlo operator sees Q1 profit rise amid sluggish China performance

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As the deadline for a potential US TikTok ban approaches, businessman Frank McCourt’s Project Liberty has made a bold move. Just days before the Supreme Court hears arguments on the ban, McCourt’s internet advocacy nonprofit submitted a proposal to purchase the popular social media platform from its Chinese owner, ByteDance. The bid, part of the… Continue reading Billionaire Frank McCourt’s Project Liberty offers to acquire TikTok’s US assets

Rolls-Royce CEO Chris Brownridge, like many importers, is aware of President-elect Donald Trump’s plans to impose a range of tariffs on various countries. However, he remains unperturbed, citing that business has rarely been better for the luxury carmaker, whose products start at $370,000. The company’s resilience, particularly in the face of potential trade barriers, underscores… Continue reading Trump tariffs? No problem, says Rolls-Royce CEO

The Biden administration is preparing a final round of export restrictions on advanced artificial intelligence (AI) chips, marking a last-minute effort to limit China and Russia’s access to cutting-edge technologies, as per a Bloomberg report. The proposed measures aim to consolidate US leadership in AI development and ensure global compliance with American security and human… Continue reading Biden set to tighten Nvidia AI chip exports to maintain US AI dominance

Apple Pay users faced a frustrating disruption on Wednesday afternoon as the payment service, particularly Apple Cash, experienced widespread outages. Reports of the issue began surfacing around 1 p.m. EST, leaving many users scrambling to find alternative payment methods. The outage, which primarily impacted fund transfers and access to Apple Cash, sparked confusion and frustration… Continue reading Apple Pay down: users report Apple Cash issues disrupting payments across platforms

For decades, alcohol sales have provided restaurants with high-margin income, often accounting for up to 30% of total revenue in fine dining. Unlike perishable food items, alcohol offers a longer shelf life and lower labor costs, making it a financial cornerstone for eateries. However, US Surgeon General Vivek Murthy’s latest warning about alcohol as a… Continue reading Alcohol warning regulations hit struggling restaurants hard: here’s what you need to know

It’s fair to say that, as far as US stock indices were concerned, last year ended on a whimper rather than a bang. Yet overall it was a fine performance for the US majors, which saw the broad-based S&P 500 gain 23% in 2024, following on from a 24% gain in 2023. This was the… Continue reading A tricky start to 2025