Business

$4 billion settlement for Hawaii’s Lahaina wildfire victims is tied up. Here’s what to know
The massive inferno decimated the historic town of Lahaina, killing more than 100 people, destroying thousands of properties and causing an estimated $5.5 ...

Tesla’s sales plummet across Europe
Registrations in Germany fall 59% amid consumer backlash against Elon Musk’s political activism

ING misses estimates as lending income declines, costs rise
The Netherlands’ biggest bank reported net income of €1.15 billion ($1.2 billion) for the three months through December, compared with ...

Brussels to exempt most EU companies from carbon border tax
Over 80% to be exempted by reforms aimed at cutting red tape and boosting productivity

South Korea is the latest government to block China’s DeepSeek on official devices, following Australia and Taiwan
Officials in South Korea and Australia have cited concerns about user data and national security as reasons to block the ...

Microsoft’s AI boss just raided Google. He poached two scientists who built a tool that can transform text into a podcast
Microsoft AI boss and Google DeepMind co-founder Mustafa Suleyman recruited new tech talent to work for Microsoft in Zurich. Read ...

Nissan searches for new partner as $58bn Honda merger talks collapse
Struggling Japanese carmaker is pursuing tech rather than automotive ally to revive its business

Why your flight could take longer in the future
While technology has helped to produce cleaner fuels and reduce emissions in many forms of transport, such as electric cars ...

Europe’s high travel costs are driving Americans away
The share of U.S. travelers planning a European vacation has dropped from 45% to 37%—the lowest since 2021. The main ...

Not all premium credit cards are created equal—here’s how three top contenders stack up
Some premium cards make life easier, others just make it more expensive. Here’s how to tell them apart. Read More

Paycheck-to-paycheck nation: 59% of Americans wouldn’t cover a $1,000 expense with savings
The 2025 Bankrate Emergency Savings Report paints a grim picture of the state of Americans’ personal finances. The good news ...

A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
A new bill sponsored by Sens. Sanders and Hawley would cap credit card APRs, but that could reduce access to ...

Trump tracker: US trade
As the president threatens a trade war, follow the latest data on imports, exports and trade balances

Prosecutors probe Russian role in buying software for EU border system
Investigation examines how French IT group Atos used Moscow office for sensitive European computer project

Monzo founder says the American dream is ‘antithetical’ to British culture, where a ‘know your place’ attitude kills innovation
University undergrads in the U.S. are pitching Tom Blomfield startup ideas, while he says British PhDs are just going to ...

Small towns are offering millions in tax breaks to land the mega gas station with a cult-like following and the ‘cleanest restrooms in America’
Buc-ee’s locations bring mile-long lines and $18 per hour paychecks to rural areas. Read More

The CMA should be nudged on antitrust, not bullied
The flaws of the UK’s competition regulator can be corrected without government interference

How to trade the trade war?
Global investors had time to prepare for Donald Trump’s tariffs but swift market reversals are keeping them on edge

Trump tariffs will lead to US brand boycotts, Jim Beam owner warns
Suntory boss expects to sell less in Europe, Canada and Mexico as a result of US president’s protectionist trade policies

Hottest January on record shocks scientists
Data adds to fears that climate change is accelerating, as La Niña phenomenon fails to cool global temperatures

China’s 60-second dramas head to the U.S. after beating box office
Producers in China now churn out 5,000 to 8,000 new mini-drama series a year, 10 times the tally for the ...

Critics say Trump’s executive order banning transgender female athletes from competing is ‘a solution looking for a problem’
In many cases, states that banned transgender athletes could not cite instances where their participation was an issue. Read More

Salesforce just hard-launched a new COFO — Battle-tested finance and operations leader Robin Washington
A veteran operator and finance chief, Washington will continue serving on the tech giant’s board in her new executive role, ...

Just one day after Trump called to ‘permanently’ resettle Palestinians from Gaza and build the ‘Riviera of the Middle East,’ US officials say Trump meant it would only be temporary
New comments from Secretary of State Marco Rubio and White House press secretary Karoline Leavitt directly contradicted Trump. Read More

Starmer pledges UK planning reforms to boost nuclear power
Changes will pave the way for construction of a new generation of small modular reactors

‘I’m scared’: Inside federal workers’ heartbreak and fury after Trump administration encourages resignations
Time is almost up for federal workers being forced to make a difficult choice. Read More

Elon Musk’s growing to-do list includes working with Boeing to speed up the delivery of Trump’s new Air Force One jets
Biographer Walter Isaacson and others close to Musk have previously described Musk’s periods of extreme productivity—and extreme temper—as “demon mode.” ...

World’s biggest offshore wind developer Ørsted slashes investment by 25%
Danish company attempts to recover from botched US expansion and restore struggling share price

Michael Saylor’s company rebrands to ‘Strategy’ and calls itself a ‘Bitcoin treasury company’
The company is the world’s largest corporate holder of Bitcoin. Read More