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Laxman Narasimhan's ouster at Starbucks adds fuel to record-firing pace

Starbucks has posted two straight quarters of comparable sales declines, and its shares had fallen 20 per cent this year before the CEO change

Was July 2023 or July 2024 hottest month on record? Depends on who you ask

Last week, Copernicus - the EU's climate science service - said July was the second hottest month ever recorded. But this week, NASA and the US NOAA said it was the world's hottest

500 mn children see twice as many hot days as their grandparents: UNICEF

Children in West and Central Africa face the highest exposure to extremely hot days and the most significant increase over time, according to UNICEF

Trump campaign hacks blamed on Iran draw FBI probe of interference risks

Investigators believe that attackers tied to Iran succeeded in hacking Republican nominee Donald Trump's campaign and gained access to internal documents

Hong Kong billionaire Adrian Cheng expects city to become top wealth hub

The semi-autonomous Chinese territory is trying to regain its stature as a global financial hub following years of draconian Covid-19 restrictions and a sweeping crackdown against political dissent

US Justice Dept considers rare antitrust move: Breaking up Google

The move would be Washington's first push to dismantle a company for illegal monopolisation since unsuccessful efforts to break up Microsoft Corp. two decades ago

Auto union sues Trump, Musk for intimidating workers in X interview

In a statement Tuesday, the union said the complaint centered on disparaging comments made by Trump on the platform

Slowing consumer demand, growth risks fuel calls for interest rate cuts

The Reserve Bank of India has kept interest rates unchanged for more than 18 months, with Governor Shaktikanta Das saying last week that food prices remain a worry

Mercedes, BMW reveal names of EV battery makers amid fire fears in Korea

At a meeting Tuesday, the government said it planned to advise all EV makers to voluntarily disclose the names of battery suppliers

Torrent Pharma seeks to raise $3 bn for KKR's stake in JB Chemicals

Deliberations about the stake purchase are ongoing and no final decisions have been made, the people said. Other bidders may still remain interested in acquiring the stake, the people said

How a sleepy Czech town is helping Europe compete in the global chip war

Roznov was best known for its rum-drizzled sweet pies and open-air museum showing off historical wooden houses, then US chipmaker ON Semiconductor picked it for a new $2 bn manufacturing hub in June

Ahead of US elections, Musk pitches role for himself in second Trump WH

Musk served on White House advisory councils when Trump was president, but left after the Republican decided to withdraw from the landmark Paris climate accord

India's biggest shadow bank Bajaj Finance aims to borrow $500 million loan

The funds will be raised under the Reserve Bank of India's external commercial borrowing route, which caps the interest rate at 500 basis points over the benchmark rate

J&J gets plaintiff backing for $6.5 bn to resolve lawsuits over baby powder

Separately, the company said in May it has resolved 95% of claims its baby powder was tainted with asbestos and caused mesothelioma, a type of cancer that forms in tissues around the heart and lungs

US election: Pro-Trump PAC plans $100 mn ad blitz as Harris gains steam

The group is launching a $70 million ad blitz in four states - Michigan, Wisconsin, Nevada and North Carolina

Fitch cuts Israel's rating to A+ as Gaza war seen lasting into 2025

The action reflects the impact of the continuation of the war in Gaza, heightened geopolitical risks and military operations on multiple fronts, analysts wrote

Collapsing land sales in Hong Kong threatens city's funding model

For decades, the city's government generated massive income from auctioning off land to cash-rich developers as prices soared

Spiraling electricity bills overtake rent costs for some people in Pakistan

The South Asian nation - where nearly half the population survives on less than $4 a day - has seen electricity prices surge 155 per cent since 2021

US beefs up naval, air forces in West Asia ahead of Gaza truce talks

Secretary of Defense Lloyd Austin ordered the USS Abraham Lincoln carrier group, equipped with F-35C fighters, to speed up its arrival in the region

Foreign investors pulled record amount of money from China last qtr: Report

Should the decline continue for the rest of the year, it would be the first annual net outflow since at least 1990, when comparable data begins