In Venezuela, price of US dollar up 479 percent in a year
Venezuela, currently in the throes of an escalating crisis with the United States, closed the books Wednesday on a complicated year for its economy, with the official cost of buying a US dollar up 479 percent in the last 12 months. The gap between the official and black market rate is mounting as well, nearing […]
Top Entrepreneurs to Follow in 2026
We enter 2026 at a defining moment, one where the world is changing faster than ever, and leadership demands more than ambition. It requires clarity, resilience, and the ability to turn pressure into purpose. Across the country, a new wave of entrepreneurs is stepping up to meet that challenge. They are not waiting for ideal […]
EU agrees recycled plastic targets for cars
Car manufacturers in Europe will have to include more recycled plastics in new vehicles under new EU rules agreed on by the bloc’s countries and lawmakers on Friday. European Union governments and parliament representatives reached an early morning deal to mandate that at least 25 percent of plastics used in cars, trucks and motorcycles has […]
EU agrees three-euro small parcel tax to tackle China flood
EU finance ministers agreed Friday to impose a three-euro duty on low-value imports into the bloc from July 2026 to help tackle a flood of small parcels ordered via the likes of Shein and Temu. Last year, 4.6 billion small retail packages entered the European Union — more than 145 per second — with 91 […]
Spain fines Airbnb 64 mn euros for posting banned properties
Spain’s leftist government said Monday it had fined Airbnb more than 64 million euros ($75 million), notably for posting listings for banned rental properties, at a time the country faces a housing crisis. The fine is final, the consumer affairs ministry said in a statement, adding the US holiday-rental giant must “correct the violations by […]
Home sellers are giving up at ‘unusually high rate,’ says new Realtor report
Late fall tends to be the time when the most homes come off the market, as so-far unsuccessful sellers would rather not sit through the slowest winter months. In October, however, delistings, which are reported with a one-month lag, were up 45.5% year to date and rose nearly 38% from October 2024, according to a […]
Prada completes acquisition of flashy rival Versace
Italian fashion group Prada announced on Tuesday it had completed its acquisition of smaller rival Versace, announced earlier this year for 1.25 billion euros (now $1.45 billion). Prada Group said in a statement that the deal with Capri Holdings, the US group which owned Versace, had “received all required regulatory clearances”. Lorenzo Bertelli — the […]
Toyota Reshuffles Its Board, Adding Auditors and Outsiders
Toyota announced plans to restructure its board on Tuesday in what it described as an attempt to bring in more diverse views and give a larger roles to auditors. Among six appointments is Christopher Reynolds, now an executive in the automaker’s North American operations. As a lawyer, and son of a Ford worker, he brings […]
Innovate Mississippi Startup Accelerator Wants to Create New Jobs and Opportunities
Mississippi has bemoaned its lack of technology startups and venture capital since the first dot-com boom in the mid 1990s. Innovate Mississippi believes it might have a solution. It is providing funding and training to seven Mississippi tech startups through a 12-week program. Alex Bucklew and Johnathan McAdory had an idea for a product that would find […]
G20 summit opens in South Africa without Trump
A US-European rift over the future of Ukraine is set to overshadow a G20 summit starting in South Africa on Saturday further marked by Donald Trump’s pointed absence. The Johannesburg gathering is being attended by a host of world leaders including French President Emmanuel Macron, Indian Prime Minister Narendra Modi, Chinese Premier Li Qiang, Brazilian […]
