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Pinduoduo operator PDD’s profit slides as Chinese firm cites higher reinvestment

PDD Holdings, the Chinese e-commerce group behind Pinduoduo and global budget marketplace Temu, on Wednesday reported an 11 per cent drop in quarterly profit amid higher sales as the company continued a pivot towards greater reinvestment. Net profit for the quarter fell to 24.5 billion yuan (US$3.6...

Starbucks’ $100 Million CEO Can't Repeat Chipotle Stock Magic

When Starbucks Corp. landed Brian Niccol, the star CEO who fixed Chipotle and Taco Bell, to turn around its fortunes, it triggered a frenzy on Wall Street. The stock popped 20% in a matter of minutes and racked up its biggest one-day gain ever as investors and analysts, one after another, gushed abo...

36% of TSA officers call out at Houston's airport as lawmakers try to negotiate a deal

Senate Republicans on Tuesday sent a proposal to Democrats that would fund most of the Department of Homeland Security except for ICE's deportation division. So far, Democrats have refused to strike a deal without reforms to the agency's immigration enfor

Paul Chan Tells Bloomberg Quality Listings Are Key

Hong Kong Financial Secretary Paul Chan tells Bloomberg’s Yvonne Man he government's number one priority is to ensure a continuous supply of quality issuers coming to list in the city. He was speaking at the Bloomberg Family Office Summit 2026 (Source: Bloomberg)

HK’s Hui: Family Office Wealth Must Serve the Community

Making sure wealth is used for good in the wider community is key to growth beyond the family office Christopher Hui, Secretary for Financial Services and the Treasury, Hong Kong SAR told the audience at the Bloomberg Family Office Summit 2026 in Hong Kong. (Source: Bloomberg)

Pimco’s Clarida Says ‘Bar Is High’ for a Fed Rate Hike

Richard Clarida, global economic advisor at Pimco and former Federal Reserve vice chairman, says an interest-rate hike by the European Central Bank is not “a slam dunk, but it’s an option,” and explains why “the bar is high” for a Fed rate hike. (Source: Bloomberg)

Ending Iran war key to controlling oil prices: Germany’s Merz

German FM says time has come for ‘more concrete negotiations’ aimed at ending war in Iran

PM Shehbaz tells authorities to expedite export of surplus food items to Gulf countries

Prime Minister Muhammad Shehbaz Sharif on Wednesday directed authorities to accelerate the export of surplus food items to Gulf countries while ensuring an uninterrupted domestic supply, and called for a comprehensive plan to expand flight operations and enhance port efficiency in view of the evolvi...

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Barclays Pulls Back on Asset-Based Lending After MFS, Tricolor

Barclays Plc is scaling back its asset-based lending to smaller borrowers, according to people with knowledge of the matter, after the collapses of Market Financial Solutions Ltd. and Tricolor Holdings left the firm facing losses.

China names trillions of AI token after the yuan. Should the US worry for the dollar?

China has officially designated ci yuan as the translation for “token” – the computational units that power tools such as Claude, ChatGPT and Gemini – a move widely seen as devising a new form of global currency for the age of artificial intelligence. In Chinese, ci translates to “word,” while yuan...

War-linked power crunch pushes Sri Lanka to four-day week

Millions of Sri Lankans enjoyed a government-ordered extra day off on Wednesday as the island nation battles an energy crisis triggered by the Middle East war. Rail and bus stations were largely deserted as most state institutions, schools and universities shifted to a four-day working week. “I am r...

Thinking of buying property with a credit card? Read this first

Thinking of buying property with a credit card Read this first

Grifols Aims to Raise Up to $5 Billion in IPO of US Unit

Grifols SA aims to raise as much as $5 billion in a potential US listing of its Los Angeles-based biopharma unit, an amount that would value the business at close to four times the size of its parent company, according to a person familiar with the matter.

GMO seeds to make wheat profitable again?

Inside a locked chamber the size of a walk-in freezer in Manhattan, Kansas, a few dozen wheat plants growing under bright LED lights are being genetically modified with a sunflower gene to resist drought. Some 20 miles away, at a research center in Junction City, ​scientists are developing hybrid wh...

‘California’s in a Pickle’ on Oil and Gasoline, Analyst Pickering Says

Dan Pickering, CIO at Pickering Energy Partners, breaks down the areas of the global oil market most affected by the Iran war, his price outlook as the conflict continues, and why California faces supply issues similar to Asia. (Source: Bloomberg)

FACTBOX: Hungary suspends gas supplies to Ukraine

Hungary intends to increase its gas reserves using the volumes that will no longer be supplied in transit to Ukraine, seeking to force the country to end the oil blockade, Hungarian Prime Minister Viktor Orban said

Spring clean your digital footprint: Why retirees are scam targets

Spring cleaning your home is a habit — but your digital footprint needs the same attention. Data brokers quietly build profiles from public records.

UAE urges rain-affected residents to pray at home amid adverse weather conditions

Wall Street Report- March 25, 2026

Wall Street’s main indexes rose on Wednesday as prospects of a de-escalation in the Middle East conflict ‌allayed some fears around prolonged energy supply disruptions and lifted investor sentiment. Iran said it considered the U.S. proposal delivered by Pakistan excessive, and demanded Tehran&...