HONG KONG — China’s exports rose 12.7% in October from a year earlier, the fastest growth in more than two years, according to customs data released Thursday. The report showed imports fell 2.3% in October from a year earlier, while China’s trade surplus rose to $95.7 billion in October, up from $81.7 billion in September. … Read more
The Federal Trade Commission has accused Los Angeles cash app Dave Inc. of misleading its financially vulnerable customers about fees it charges and the amount of money it gives out. In a federal lawsuit filed Tuesday in Los Angeles, the agency alleges that although Dave advertises it offers $500 advances “instantly,” only a “miniscule” number … Read more
NEW YORK — A man charged with fraud for claiming to own a storied Manhattan hotel where he had been living rent-free for years has been found unfit to stand trial, prosecutors said Wednesday. Doctors examining Mickey Barreto deemed he’s not mentally competent to face criminal charges, and prosecutors confirmed the results during a court … Read more
British actor Kristin Scott Thomas has wed Bloomberg News editor Johh Micklethwait. The “Slow Horses” star confirmed her nuptials on Tuesday’s “Ruthie’s Table 4” podcast after host Ruth Rogers mentioned the wedding in the episode’s introduction. “Kristin is basking in love and the joy of just a few weeks ago marrying the editor and my … Read more
Already facing retrenchment and existential concerns about its business model, Hollywood is bracing for more potential volatility from the incoming Trump administration. While President-elect Donald Trump has not laid out specific plans for the entertainment industry, analysts said his proposed broader policies on global tariffs, as well as the threat of retaliation against companies, could … Read more
Asda has confirmed 475 roles at their head offices in Leeds and Leicestershire will be cut and hybrid working reduced as part of a business restructure. The retailer said the move, which would affect less than 10% of its head office staff, would enable it to “simplify structures” amid a challenging market. In a note … Read more
Shares retreated in Asia early Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump’s return to the White House will mean for the economy and the world. Markets also were turning their attention to the Federal Reserve’s decision on interest rates, due later in the day. Japan’s Nikkei 225 shed … Read more
Getty Images Interest rates are widely expected to be cut by the Bank of England on Thursday, in a move closely watched by businesses and consumers. Most analysts predict that the benchmark rate will fall from its current level of 5% to 4.75% when the decision is announced at 12:00 GMT. That would make borrowing … Read more
ALEXANDRIA, Va. — A jury could begin deliberations as soon as Thursday on whether a Virginia-based military contractor bears responsibility for the abuse of detainees 20 years ago at Iraq’s infamous Abu Ghraib prison. The civil trial underway in U.S. District Court in Alexandria is the second this year involving allegations against Reston-based CACI, which … Read more
Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this week they should spend no more than a minute looking at each car. But the railroad said the rule simply reflects the current industry standard, and there are no plans for disciplining employees for missing that one-minute target. … Read more