BUSINESS

Kering sells its beauty division to L'Oréal for €4 billion in CEO Luca de Meo's first major move to cut debt and refocus on core fashion brands Gucci, Bottega Veneta and Balenciaga.

Delta Airlines cancels flights today amid growing passenger outrage as November routes are quietly dropped without warning, sparking travel confusion.

SEC Chair Paul Atkins admits the U.S. is '10 years behind' on crypto but vows to make catching up his top priority through new rules and cross-agency reforms.

Meta is launching a new set of parental controls to limit children's direct interactions with its AI character-chatbots in response to concerns about inappropriate engagements with minors.

Trump's administration begins forgiving student loans for millions under IBR plans, but delays and tax issues could affect borrowers.

Paramount Skydance's merger triggers 2,000 layoffs, culture shock, and a creative shift reshaping Hollywood's most iconic studio.

New Nestlé CEO slashes 16,000 jobs in a massive cost-saving plan to revive the company after a period of turmoil and slumping sales.

McDonald's UK introduces a limited-edition menu lineup featuring worldwide favorites like the Maple BBQ & Bacon Double Quarter Pounder

Ford recalls nearly 750,000 vehicles, including Mustang and Super Duty models, over critical safety defects involving rearview cameras, steering control, and seatbelts. Experts warn these issues could heighten accident risks if left unresolved.

BYD is recalling more than 115,000 electric and hybrid vehicles in China due to safety issues linked to circuit and battery faults. Regulators say the move highlights growing scrutiny and competition in the country's booming EV industry.

AT&T is set to increase the cost of all its home internet plans on top of the $5 monthly increase that took effect just last year.

Pfizer faces lawsuits from 1,000 women alleging Depo-Provera birth control caused brain tumours, amid new research showing higher meningioma risk.

Elon Musk faces investor fury as Tesla shareholders push back against his record-breaking $1 trillion compensation deal and warn of a power grab.

A new report reveals that 62% of US workers face unpredictable or unstable schedules, linking erratic hours to financial hardship, stress, and declining job satisfaction across industries.

Gold surged past $4,300/oz in a record rally, stoking fears about the US economy and sending global markets scrambling for safe-havens amid mounting credit and Fed uncertainty.

US regional bank shares tumble as fresh fraud allegations and mounting credit fears revive memories of the 2023 banking crisis, rattling Wall Street and European markets alike.

The FTSE 100 faces renewed pressure as Wall Street's sharp sell-off ripples through Europe, threatening to erase the index's weekly gains amid growing fears over private credit risks and trade tensions.