Category: Finance

Extramarital activities have led to the resignation of one of America’s most influential tech bosses, Nvidia CEO Jensen Huang. The saga has also raised the specter of an age-old spying tactic: the “honey trap.” Huang stepped down following media reports of an extramarital relationship with Alice Huang, a Singapore-based executive suspected of having ties to […]

State efforts to tax the rich did relatively well in the 2026 midterm elections, following a series of state legislative moves in that direction in recent years. That might come as a surprise because a majority of voters rejected California’s Proposition 40. The much-publicized ballot initiative would have imposed a one-time 5% tax on the […]

When multinational companies decide where to build a factory, open a mine or establish a regional office, they have to consider whether the investment will still be profitable years into the future. Making that decision increasingly means thinking about risks, like whether surrounding roads will flood, worker safety will be compromised by extreme heat in […]

ANTALYA, Türkiye — The European Bank for Reconstruction and Development (EBRD) has committed to investing US$ 6 billion over the next five years into the newly launched Türkiye Renewable Energy Acceleration and Clean Transition (REACT) platform. Announced on Tuesday, November 11, 2026, during the ongoing UN COP31 climate summit, the initiative aims to mobilize a […]

Shoppers often greet the closure of a Walmart with dismay, while competitors find cause to celebrate. Among critics of the big-box behemoth, a long-held assumption is that once a Walmart disappears, shoppers seeking groceries, household goods, meals and services will flow to businesses down the road. But what if the economic downside of a closure […]

Democrats, set to take over Congress with robust majorities, will face at least one expensive obstacle to their policy agenda: a national debt that now equals the size of the U.S. economy. Clocking in at US$32 trillion, this debt-to-GDP ratio of 100% would likely raise alarms for other countries. But it attracted relatively little attention […]

Data centers were on the ballot, both directly and indirectly, in the 2026 midterm elections. A total of 41 local ballot initiatives concerning data centers in 10 states were up for a vote. All but one resulted in measures to restrict or limit their development. The centers also may have played a role in several […]

It started on Nov. 3, 2026, when millions of Paraguayans trying to access the Ueno banking app found they could no longer get their money. In a matter of days, the financial situation escalated into political crisis, in which the country’s president was ousted, placed under house arrest and charged with several corruption-related crimes. The […]

For the first time in over 50 years, an infestation of the flesh-eating fly known as the New World screwworm (Cochliomyia hominivorax) is spreading on the U.S. mainland, and it is putting livestock and other animals at risk. The New World screwworm doesn’t just attack cattle. All warm-blooded animals are susceptible, including deer and elk, […]

Many Florida homeowners cheered on Nov. 3, 2026, when more than 60% of voters approved a constitutional amendment to significantly reduce property taxes. Under the measure, Amendment 3, a homeowner’s tax break, known as a homestead exemption, would triple from the current US$50,000 to $150,000 in 2027 and increase again to $250,000 in 2028. By […]