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© 2025 Improve the News Foundation. All rights reserved.Version 6.17.2

© 2025 Improve the News Foundation.

All rights reserved.

Version 6.17.2

Industries

A new report by the Climate Council and PropTrack found that flood-prone homes across Australia have lost a combined AU$42.2 billion ($27.4 billion) in value as of April 2025, with approximately 2 million properties affected by flood risk nationwide.

Study: Flood Risk Reduces AU$42 Billion From Australian Property Values

6 days ago6 days ago

Stellantis $13B US Investment Sparks Canada Legal Threat

'Don't Worry About China,' Says Trump as Beijing Responds to 100% Tariff Threats

Venezuela: Two Bodies Recovered from Collapsed Mine

China Imposes New Export Controls on Rare Earth Materials

Marketing & sales

Spotify announced on Tuesday that founder Daniel Ek will step down as CEO on Jan. 1, 2026, transitioning to executive chairman while Gustav Söderström and Alex Norström become co-CEOs. The Stockholm-based streaming company said this change formalizes operations since 2023.

Spotify Founder Daniel Ek to Step Down as CEO in 2026

Netflix Uses AI for First Time in Original Production

Report: Meta Plans Full AI Ad Creation by End of 2025

Caitlin Clark-Sponsored Nike Sneakers Sell Out in Minutes

Musk Pledges Tesla Leadership While Scaling Back Political Role

Insurance

Natural disasters worldwide caused $131 billion in economic losses during the first half of 2025, with $80 billion covered by insurance, according to Munich Re's latest report released Tuesday.

Global Natural Disasters Cost $131B in First Half of 2025

Social Security, Medicare Face Earlier Insolvency Dates

Biden Administration Announces First Medicare-Negotiated Drug Prices

Report: Extreme Weather Cost $2T Globally Over Past Decade

Change Healthcare Reveals Cyberattack Culprit

Retail

The United States ended the 'de minimis' exemption on Friday, eliminating tariff-free treatment for packages valued at $800 or less that had been in place since 1938 and was raised from $200 to $800 in 2015.

US Ends $800 Tariff Exemption, Disrupting Global Shipping

Trump Backs Sydney Sweeney's American Eagle Ad, Stock Surges

U.S. Retail Sales Drop 0.9% in May Amid Tariff Concerns

Report: Mamdani Called for Abolition of Private Property

EU Consumer Group Files Complaint Against SHEIN Over Alleged Dark Patterns

Real estate

Hawaii real estate developer Kevin J. Hayes Sr. and broker Tomoko Matsumoto filed a lawsuit in Hawaii on Friday against Los Angeles Dodgers baseball player Shohei Ohtani and his agent, Nez Balelo, over a $240 million luxury housing development.

Ohtani, Agent Sued Over Hawaii Real Estate Deal

Ukrainian Deputy PM Charged in $24M Land Corruption Scheme

Florida Sued for Chinese Citizens Property Ban

China Evergrande Granted 5 Weeks to Negotiate or Face Liquidation

NAACP Issues Travel Warning For Florida

Manufacturing

Tesla chief executive officer Elon Musk announced on Monday that Samsung Electronics will be producing the AI6 artificial intelligence chip in a $16.5 billion deal that will be in effect up until 2033. Production will begin at Samsung's new Texas foundry set to open in 2026.

Samsung and Tesla Ink $16.5B AI Chip Deal

China Halts Boeing Deliveries Amid Escalating Trade War

TSMC Pledges $100B for US Chip Plants

UK Weighs British Steel Nationalization Amid Crisis

Apple Pledges $500B US Investment, Texas AI Factory

Hotels

UK Lockdown Files: Govt. Texts Mock People in Hotel Quarantine

Multiple US States Furthering Anti-Homeless Policies

Indonesia: Bali Approves Hotel Construction Moratorium

Trump Org. Sells Lease on DC Hotel for Reported $375M

Mining

U.S. President Donald Trump on Monday signed an executive order directing government agencies to approve a 211-mile (340 km) industrial road through the Alaskan wilderness, known as the Ambler Access Project, to access a proposed copper and zinc mine, reversing the Biden administration's previous rejection.

Trump Orders Approval of Alaska Mining Road

Zambia Disputes US Health Alert Over Chinese Mine Spill

Trump Announces 50% Copper Tariff, Prices Hit Record High

Chile: Five Miners Trapped in Collapsed Mine Found Dead

Niger Nationalizes Uranium Mine Operated by French Company

Construction & home repairs

Man United Plans £2B Stadium Amid Financial Concerns

Kentucky Declares State of Emergency After Coal Plant Collapse

Fed Chair Powell Asks Inspector General to Review $2.5B Renovation