Business

The article mentions Rothschild & Co Redburn initiated coverage of Societe Generale and said its investment-banking focus could benefit from the EU's Savings and Investments Union; the article reports SocGen has risen 159% over the past 12 months.

Above Food expects to file audited financial results for the fiscal year ended January 31, 2025 before the end of January 2026 and says a significant portion of the audit work is complete with no known audit issues; the company has received a Nasdaq staff determination letter and requested the standard 180‑day extension.

An S&P Global survey showed the housebuilding subindex fell to 33.5 in December, its weakest since early 2020, while the overall construction PMI was 40.1, indicating continued contraction.

Marubeni has acquired Jacobson Group, owner of Gola and other footwear brands, and said its U.S. consumer unit RG Barry will run the portfolio; financial terms were not disclosed.

Brandon Fisher filed a $10 million lawsuit in Oregon alleging Boeing tried to shift blame onto the flight crew after a midflight panel loss; the NTSB reported the aircraft left Boeing's facility missing bolts that would have secured the door plug.

Edmunds ranked five affordable cars and SUVs for 2026, weighing base price, fuel economy and safety ratings. The article highlights the Honda Civic, Toyota Camry and Hyundai Kona among its top choices.

Sources close to the White House told CNBC that Venezuela will supply an initial 30–50 million barrels of previously sanctioned oil to be sold at market prices, and that sales would continue indefinitely while U.S. sanctions would be rolled back; the report said some shipments originally bound for China would be rerouted to the U.S.

Prime Minister Mark Carney will visit China next week to meet President Xi Jinping and discuss trade, energy, agriculture and security as Ottawa seeks to rebuild ties; recent reciprocal tariffs with China and US tariff measures have affected Canada’s trade landscape.

The White House is planning a meeting between President Trump, senior officials and energy executives to discuss enlisting Western firms to rebuild Venezuela's oil industry; timing is fluid and companies have raised political and security concerns.

Warner Bros. Discovery's board again recommended shareholders reject Paramount Skydance's hostile offer, saying the amended proposal provides insufficient value and carries financing uncertainty, and reiterated that a negotiated deal with Netflix remains its preferred outcome.

Some U.S. retailers say Amazon's Shop Direct feature and its 'Buy for Me' agent listed and sometimes purchased items from their sites without permission, and Amazon removed some listings after retailers asked for them to be taken down.

More than 350,000 passengers have had flights to and from Amsterdam Schiphol cancelled, and KLM reports its supplies of de-icing fluid are under pressure.

Following a reported U.S. operation that led to Nicolás Maduro's capture, President Trump has emphasized additional foreign objectives; polls cited in the article show limited public support for the Venezuela action while many Americans list the economy as their top concern.

Traders and analysts say Chinese independent refiners are expected to turn to heavy crude from Iran and other sources after Venezuelan shipments to China stopped; barrels already at sea could cover about 75 days of Chinese demand.

A box truck overturned near the 120-mile marker on the Indiana Toll Road late Monday; the 45-year-old driver was pronounced dead and a male passenger received minor injuries.

Eurozone annual inflation eased to 2.0% in December from 2.1% in November, matching the European Central Bank's target and economists' expectations; services inflation also slowed and the ECB has said policy remains in a "good place."

Bank of America says a 20-year 'casualization' trend has peaked and has downgraded Adidas, forecasting slower organic sales growth.

Britain's Financial Conduct Authority fined former Carillion finance chiefs Richard Adam (232,800 pounds) and Zafar Khan (138,900 pounds) for issuing misleading statements after they dropped their appeals.

Global demand for copper is rising because of electric vehicles, clean-energy projects and data centers, while recent mine outages, slower discovery of new deposits and trade disruptions have tightened supply and pushed prices to record levels.

Ohio faces growing electricity demand from data centers and AI facilities, and the Ohio House has passed a bill to expand community energy programs that is now under consideration in the Senate.

Martina Navratilova asked the International Criminal Court to sanction the U.S. after President Trump ordered the arrest of Nicolás Maduro; reports say Maduro is detained and awaiting a first hearing in Brooklyn.

Experts warn that U.S. political interest in Greenland’s rare-earth deposits is commercially impractical because of low ore grades, harsh conditions and continued reliance on Chinese processing, while markets have pushed up shares of companies with Greenland exposure.

IKEA will close seven large stores in China from Feb. 2 and will refocus on smaller-format shops and online channels while continuing to operate 34 physical stores and two flagship e-commerce shops.

Major Japanese trading houses warned that recent yen volatility is raising investment risks and urged authorities to help stabilize the currency; separately, China announced immediate export controls on dual-use items to Japan, and Japanese officials are still assessing the impact.

The government has proposed cutting the legal breath alcohol limit in England and Wales from 35 to about 22 micrograms and urged people not to drink if they plan to drive; the strategy also proposes alcolocks for some offenders and new powers to suspend licences.

Saudi Arabia's Capital Market Authority removed qualification requirements for foreign investors and will allow non-residents to invest directly in the main market from Feb. 1, the regulator said.

Chinese buyers largely shunned offers for Venezuelan Merey crude this week as loadings to China fell amid a US naval blockade, and sellers raised offers with Merey offered about $13 a barrel below Brent versus roughly $15 a month ago.

South Africa published regulations on Jan. 5 that expand an energy users' block exemption so firms in 'industries in distress' can jointly negotiate energy and share backup generation, and the change could assist ferrochrome and manganese processors facing high electricity costs and recent layoffs.

The U.S. Patent and Trademark Office reportedly refused Tesla’s 'Robotaxi' trademark and reports say 'Cybercab' was already claimed by a French company; the article says Tesla shares fell about 4% after the news.

The article mentions CrowdStrike shares rose about 26% over the past year and that an analyst cites AI-driven platform adoption and strong quarterly revenue growth (over 20%) as reasons for continued momentum.