Billionaire whose family trust owns the Tottenham Hotspur soccer club pleads guilty to insider trading in New York
Billionaire whose family trust owns the Tottenham Hotspur soccer club pleads guilty to insider trading in New York
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China’s Travel Economy Is Slowly Coming Back. Here’s Where It Stands.
Since China reopened its borders in 2023 after three years of Covid isolation, domestic travel has thrived and high-speed rail has grown increasingly popular. But international trips in and out of the country are lagging, and flight capacity is still just a third of prepandemic levels. The economic stakes are high. Before the pandemic, Chinese…
Since the East Palestine, Ohio, Train Derailment, Accidents Have Risen
Mr. Jefferies said the railroads had taken several steps after the East Palestine accident to improve safety. Previously, the industry required that railroads stop and remove a rail car if a wheel bearing’s temperature hit 200 degrees Fahrenheit. In July, the association required that action at 170 degrees. (The wheel bearing on the East Palestine…
Collision of gas truck and car in Mongolia sets off explosions that kill 3 firefighters
ULAANBAATAR, Mongolia — A truck carrying 60 tons of liquefied natural gas and a car collided at an intersection in the Mongolian capital early Wednesday, causing a massive fireball and a series of explosions that killed three firefighters and injured 11 people, officials said. Images showed the huge blaze at the scene of the crash…
TurboTax maker Intuit barred from advertising ‘free’ tax services without disclosing who’s eligible
NEW YORK — U.S. regulators have barred TurboTax maker Intuit Inc. from advertising its services as “free” unless they are free for all customers, or if eligibility is clearly disclosed. In an opinion and final order issued Monday, the Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could…
Housing costs now unaffordable for record number of US renters
If you find yourself struggling to make your rent payment every month, you’re not alone. More Americans are having that problem than ever before, according to new data from Harvard University. The number of American renters considered “cost burdened” by their monthly housing payment in the latest count from 2022 hit an all-time high of 22.4 million…
Nokia sales and profit drop as economic challenges lead to cutback on 5G investment
HELSINKI — Nokia on Thursday reported a double-digit decline in sales and a fall in profit in the last three months of 2023, with the wireless and fixed-network equipment maker saying operators are cutting back on investments into 5G and other technology because of economic uncertainty. The Espoo, Finland-based company reported net profit of 568…