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Business

US announces sanctions on Russia's largest oil companies

The US has announced new sanctions on Russia's largest oil companies, Rosneft and Lukoil, to pressure Moscow into peace negotiations regarding Ukraine. This move is significant as it targets key funding sources for the Kremlin's military operations.

Tesla's record sales quarter barely boosted profit

Tesla achieved record vehicle deliveries in Q3 2025, driven by a surge in U.S. customers utilizing an expiring EV tax credit. However, profits fell 37% year-over-year, highlighting challenges in operational costs and tariffs.

Only 5 days until Disrupt 2025 ignites the startup world

TechCrunch Disrupt 2025 is set to take place from October 27-29 in San Francisco, offering significant savings on passes. This event is crucial for startups, providing networking and learning opportunities that can shape their future.

In the heart of Bolivia, the mountain that financed an empire risks collapsing

Cerro Rico, Bolivia's historic silver mountain, faces severe cave-ins due to extensive mining, endangering local communities and their livelihoods. This situation matters as it highlights the risks of unchecked resource extraction and its impact...

General Motors gives up on BrightDrop electric vans

General Motors has decided to discontinue its BrightDrop electric delivery vans due to slower-than-expected market development and regulatory changes. This matters as it reflects the challenges faced by automakers in the EV sector.

Booming sea otters and fading shellfish spark values clash in Alaska

In Alaska, the booming sea otter population is causing significant declines in shellfish stocks, impacting local fisheries and Native Alaskan subsistence. This situation highlights the complex interplay between wildlife conservation and economic...

Spiro raises $100M, the largest-ever investment in Africa's e-mobility

Spiro raised $100 million, marking Africa's largest EV mobility investment, to deploy over 100,000 electric bikes by 2025. This investment is crucial for transforming the continent's transportation landscape and reducing reliance on gasoline.

Trump threatens to impose additional 100% tariff on China

President Trump announced plans for a 100% tariff on Chinese imports following China's tightened export rules on rare earths, escalating trade tensions. This matters as it could significantly impact US markets and industries reliant on these...

Bitcoin Crash and the Future of Cryptocurrencies: Lessons for Business Students

Bitcoin experienced a significant crash, highlighting the volatility of cryptocurrencies and the importance of understanding financial markets for business students.

Bitcoin Crash: A Canary In The Coal Mine

Bitcoin has experienced a significant crash of around 25%, reflecting broader market instability. This matters as it signals potential contagion effects from traditional finance issues.

U.S. and Australia sign $3B critical minerals deal

The U.S. and Australia signed a $3 billion agreement to fund critical minerals projects, crucial for reducing reliance on China. This deal aims to enhance domestic production of essential materials like gallium.

Brazil grants state oil firm exploration license in Amazon region

Brazil has approved Petrobras to conduct exploratory oil drilling off the Amazon coast, raising environmental concerns. This decision is significant as it may impact Brazil's climate leadership ahead of COP30.