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Business

Angle: Global companies are pessimistic about the future of their business in China; domestic companies are on the rise | Reuters

by Priya Shah – Business Editor October 20, 2025
written by Priya Shah – Business Editor

BEIJING, oct 26 ⁤(Reuters) – A growing ⁢wave‌ of pessimism ​among global companies operating in China is coinciding ​with​ a surge in ⁤confidence among domestic firms, signaling a potential shift in teh economic​ landscape of ‌the ⁤world’s​ second-largest economy.​ foreign businesses are increasingly voicing⁢ concerns about regulatory‌ uncertainty, geopolitical tensions, adn slowing consumer demand, ⁣while their Chinese counterparts are capitalizing on opportunities created by a changing⁢ market.

The shift​ reflects a complex‌ interplay of ‌factors,​ including ‌china’s economic ‌slowdown, its assertive foreign policy, and a intentional push by⁢ Beijing to foster self-reliance and‍ innovation. Companies like Adidas, H&M, Ikea, and Inditex are navigating a challenging environment marked by increased competition ‌from local brands​ and evolving ‌consumer preferences. Concurrently, domestic players are stepping into the void left⁢ by some​ Western ‌companies that have exited Russia, seeking to expand their market share and technological ‌capabilities.

Helen Reid, a London-based reporter⁤ covering ⁤the ​European retail sector for Reuters, focuses on companies including Adidas, H&M, Ikea, and‌ Inditex,‍ analyzing‍ corporate strategy,‍ consumer ​trends,‍ and⁢ regulatory⁤ changes. She also covers ‌major supermarket groups‍ like‌ Ahold Delhaize, Carrefour, and Casino, with a special interest in sustainability and investor pressure for corporate change.Previously, Reid reported on the mining industry from ‌Johannesburg.

Alexander Marrow,Reuters’ chief companies⁢ correspondent for Russia,covers ​the Russian economy,markets,and ⁣sectors including finance,retail,and technology. ⁤His reporting centers on the Western corporate exodus from Russia and the rise of domestic companies filling the resulting gaps. Prior⁢ to joining Reuters,Marrow contributed to ‌Sky Sports News’ coverage of the 2016 Olympics in ​Brazil and the ‌2018 World cup in Russia.

October 20, 2025 0 comments
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News

Voting Rights Act faces a near-death experience at US Supreme Court

by Emma Walker – News Editor October 19, 2025
written by Emma Walker – News Editor

Voting Rights ⁢Act Faces Critical Test at Supreme Court

WASHINGTON, Feb 21 – The landmark ​Voting Rights Act of 1965 is confronting a possibly fatal challenge at the Supreme Court, as justices⁢ hear arguments in Allen v. ‍Milligan concerning Alabama’s congressional map. The case centers on whether Alabama’s map‌ unlawfully diminishes the voting power of Black residents, and the outcome could substantially⁤ weaken a key provision ⁤of the voting rights law used to combat racial discrimination.

The dispute revolves around Section 2 of the Voting Rights Act, which prohibits voting practices or ‌procedures that result in a denial ‌or abridgement of the‌ right of any‌ citizen to ⁢vote on‌ account of race or color. At issue⁤ is whether Alabama’s map, drawn after the 2020 census, violates this provision by failing to create ‌a second congressional district where Black voters would have the opportunity to elect their preferred candidate. A⁢ ruling against Alabama‌ could​ force the state to redraw its map and potentially open the door to similar challenges in othre Southern⁣ states, impacting the balance ⁣of power in Congress.

The case arrives amid growing concerns about voting access and fairness,especially following a 2013 ⁣Supreme ‍Court decision (Shelby County v. ‌Holder) that struck down⁤ a key preclearance formula in‌ the Voting Rights‌ Act. That ruling removed federal ⁣oversight of election laws⁢ in states with a history of discrimination, a change ⁤critics argue has led ⁣to a resurgence of restrictive voting practices. ​

Plaintiffs⁣ argue​ that Alabama’s map packs Black voters into a single district, diluting their influence in surrounding districts. Thay point to the state’s demographics‌ – roughly 27% of alabama’s population is Black – and ‍contend that⁣ two majority-Black⁣ districts are reasonably achievable. “The state of Alabama has consistently refused to recognise the political ⁢power of its ‍Black citizens,” said Evan Milligan,the lead plaintiff in the case,in a statement.

Alabama defends its map, arguing it complies with conventional redistricting principles‍ and that creating a second ⁢majority-Black district would require unconstitutional ⁣racial gerrymandering. Solicitor General ​Edmund LaCour Jr. told the court that ​the⁢ plaintiffs’ proposed map would ⁣”sort voters by race” and that the Voting Rights Act does not require states to maximize the number of majority-minority districts.

Legal experts predict a closely divided court, with the outcome potentially hinging on the views of Justice⁤ Brett Kavanaugh. A ​decision is expected by late June. If ⁣the Court sides with ‍Alabama, it could significantly narrow the scope of Section 2 of the Voting Rights Act, making it more arduous to challenge discriminatory voting maps ‍in the ‍future. Conversely, a ruling ⁤in favor of ⁢the plaintiffs would reaffirm the importance of protecting minority voting rights and could trigger a⁢ wave of‌ redistricting litigation across the South.

October 19, 2025 0 comments
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Business

Title: ICICI Bank Reports Higher-Than-Expected Profit

by Priya Shah – Business Editor October 18, 2025
written by Priya Shah – Business Editor

ICICI Bank Posts​ Strong Quarterly Profit, Driven by Declining Bad Loan Provisions

MUMBAI, Oct 26 -⁢ ICICI Bank, India’s‍ second-largest private sector lender, reported ‌quarterly profits exceeding analyst expectations, buoyed by‍ a significant decrease‌ in provisions ⁣set⁤ aside for potential losses on bad loans. The bank’s strong performance signals continued resilience within the ⁢Indian⁤ banking sector and offers ⁣a positive ​outlook amidst global economic ⁣headwinds.

The substantial reduction⁣ in non-performing⁢ asset (NPA) provisions allowed ICICI Bank to bolster its profitability,⁢ demonstrating improved asset quality and effective risk management. This outcome is⁣ particularly significant as ⁢Indian banks have historically grappled with high levels of stressed assets. The results ‍impact investors, depositors, and the broader Indian economy, potentially ‌influencing future lending rates​ and credit availability. analysts predict continued ⁢focus on⁢ prudent lending practices and⁢ digital innovation will be key‌ to sustaining this positive‌ trajectory.

ICICI Bank’s net profit for the July-September quarter ‌reached ₹10,648 crore (approximately $1.28 billion), a rise from ₹8,006 ‌crore in the same period last year,⁣ according to a regulatory filing. The‌ bank’s gross ‌non-performing assets ‌(GNPA) ratio declined to 1.71% ‍as of September ⁤30,compared to 2.23% a year⁣ ago.

“The improvement in asset⁢ quality is a key driver of the strong performance,” stated ⁣Sandeep Bakhshi, Managing ‌Director and CEO of ICICI Bank, ⁤in a post-earnings conference call.⁤ “We remain focused on maintaining a healthy ‌balance‍ sheet and supporting economic growth through responsible lending.”

The bank ​also reported a net⁢ interest margin⁣ (NIM) of 4.43%, ‌indicating healthy profitability from its core ⁣lending ​business. ‍ICICI Bank’s shares rose as‌ much as 3% in early trading following the announcement,​ reflecting⁤ investor confidence⁤ in⁤ the bank’s performance and future prospects.

October 18, 2025 0 comments
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Technology

Title: Meta to let parents disable teens’ AI chats

by Rachel Kim – Technology Editor October 17, 2025
written by Rachel Kim – Technology Editor

Meta Platforms Inc. is introducing ‍new parental controls designed to give parents more oversight of their teenagers’ activity on its apps, including Instagram and Facebook, following mounting criticism over potentially harmful interactions with the company’s AI chatbots. The changes, announced Tuesday, will allow parents to approve or deny⁣ their teens’ ⁣requests⁣ to download apps and will provide activity reports detailing time spent ⁣on the platforms.

The move comes amid growing concerns⁢ about the safety‌ of young users⁢ online⁤ and specifically follows reports of Meta’s AI chatbots engaging in suggestive​ or inappropriate conversations with children.Lawmakers and advocacy groups ​have pressured Meta to strengthen its ⁤safeguards,arguing that the company has a ⁣responsibility to protect ⁣vulnerable users​ from exploitation and harmful ​content. The new controls aim to address these concerns by increasing transparency and giving parents more ‌tools to manage their children’s digital experiences.

Specifically, Meta is rolling out “Family Switch,”⁤ a new tool within ​its Family Center⁤ that allows parents and teens to ​jointly manage settings. Parents can approve or deny requests ⁢from their teens to download⁣ apps from the app stores, and teens can initiate those requests.⁤ Meta is also ⁢introducing activity reports for teens,‍ showing time spent on Instagram and ⁤Facebook, ⁢and also the accounts they interact with. These reports will be visible to both parents‌ and teens.

The ​company is also expanding​ its supervision tools to include Reels, a​ popular short-form video format⁢ on Instagram. ​previously, parental⁤ supervision was ⁢limited to direct messaging. ⁣Parents will now be able‌ to see ⁣what Reels their teens are ​watching.

These features ⁣are being rolled ‌out in the United states, with plans for expansion to other ‌countries in the coming months.Meta stated the changes are part of its ongoing commitment to creating a safer online‍ environment for young people, acknowledging the evolving challenges of⁣ digital parenting.⁢ The company has faced increased scrutiny from regulators⁢ and the public regarding its handling of user safety, especially concerning children and adolescents.

October 17, 2025 0 comments
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Technology

Wall St Week Ahead Tests coming for rocky market from Tesla, Netflix and delayed CPI report

by Rachel Kim – Technology Editor October 17, 2025
written by Rachel Kim – Technology Editor

Wall Street ⁢faces a pivotal week as investors brace for earnings reports from Tesla ⁣and Netflix, alongside the release of a delayed Consumer Price Index (CPI)​ report, all against a backdrop of ongoing ‍market volatility.the confluence ‌of ⁣these events will test the resilience ⁣of a market already rattled by concerns over⁢ inflation, interest rate hikes, and slowing economic growth.The upcoming data and corporate ⁤disclosures are⁣ crucial‍ for gauging the⁤ health of⁢ the economy and corporate​ America. A hotter-than-expected CPI reading could ‌fuel fears of further aggressive Federal‍ Reserve tightening,potentially triggering⁤ another sell-off in stocks and⁣ bonds. ⁢Conversely, weaker-than-anticipated data might offer some respite, but could also signal a⁤ deeper economic slowdown. Tesla’s earnings will be closely watched for signs of demand erosion in the electric vehicle market, while Netflix’s subscriber numbers ‍will provide insight into‌ the streaming giant’s ability to navigate increased⁤ competition.

Tesla reports earnings after the close on Wednesday, ⁣with analysts expecting adjusted earnings of 98 cents​ per ​share on revenue of $23.36 billion, according to Refinitiv data. Netflix follows on Thursday, with a consensus estimate of $3.20 per share on revenue⁤ of $8.54 billion. The CPI report, delayed from its usual⁤ Friday release due to the Martin Luther ​King Jr. ‍holiday, is now scheduled for release on Tuesday. Economists forecast a 0.1% increase in the CPI and a 0.3% rise‌ in‌ core CPI.

October 17, 2025 0 comments
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Health

Novo Nordisk shares fall 6% after Trump vows weight-loss drug price cuts

by Dr. Michael Lee – Health Editor October 17, 2025
written by Dr. Michael Lee – Health Editor

Novo Nordisk shares tumbled as much as ​6% on Tuesday​ after‍ former President Donald Trump vowed to seek lower ‌prices for weight-loss drugs like Wegovy and Ozempic if ⁢re-elected. The Danish pharmaceutical giant’s stock experienced its steepest intraday decline ⁣since January, briefly hitting 167.74 Danish crowns.

Trump’s comments, ‌made during a campaign rally in Iowa, targeted Novo Nordisk and Eli‌ Lilly, both major players in‌ the burgeoning weight-loss drug market. The potential for government intervention in drug pricing​ adds uncertainty to a sector already grappling with supply chain⁢ constraints and surging demand, impacting investors, patients, and the broader ⁣healthcare landscape.​ This comes as weight-loss medications are becoming increasingly popular, with⁢ significant implications for public health and the pharmaceutical industry’s revenue streams.

“We’re going to look at the pricing ‌of these drugs,” Trump said,according‍ to reports from the rally.”These are big, big ⁢companies making tremendous amounts of money.” He specifically mentioned Novo Nordisk and Eli lilly, suggesting he would pressure them to lower costs.

The⁢ remarks⁣ sparked immediate concern among investors, who‍ fear potential price controls or other measures that could erode the profitability​ of these blockbuster drugs. Novo Nordisk’s American depositary receipts closed down 5.7% ⁤at ​$154.48 in‍ New ‌York trading.

Demand for Wegovy and Ozempic has soared in recent months,‍ driven by growing ‌awareness of their‌ effectiveness in promoting weight loss and combating obesity-related health issues. Novo Nordisk has struggled to keep up with demand,‌ leading to supply shortages and rationing in‌ some⁢ markets. The company reported sales of 23.2 ‍billion Danish crowns ($3.4 billion) for‌ Wegovy in ⁤the first nine months of 2023.

October 17, 2025 0 comments
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