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After accounts in several online brokerage were hacked, three major online brokerage firms announced they will compensate customers for half of the damage.
BUSINESS / Companies
Jul 27, 2025

Three online brokerages to cover half of damage from account hacking

However they will not compensate for cases in which stocks held in hacked accounts since before the hack were sold, since the proceeds remain in the accounts.
European Commission President Ursula von der Leyen (left) and U.S. President Donald Trump speak to the press following their meeting in Turnberry, Scotland, on Sunday.
BUSINESS / Economy / ANALYSIS
Jul 28, 2025

Out-gunned Europe accepts least-worst U.S. trade deal

The agreement on a blanket 15% tariff is a reality check on the aspirations of the bloc to become an economic power able to stand up to the likes of the U.S. or China.
Zohran Mamdani, the Democratic nominee for New York City mayor, promises a rent freeze that’s easy to deliver but it remains to be seen if it will solve the city’s deeper housing problems.
COMMENTARY / World
Jul 28, 2025

Freezing rent is easy. Making NYC housing affordable isn’t.

Zohran Mamdani’s campaign pledge would be simple to put into effect but wouldn’t do much to solve the underlying problem.
U.S. President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing in 2017.
BUSINESS
Jul 28, 2025

U.S. and China to resume tariff talks in effort to extend truce

China is facing an Aug. 12 deadline to strike a durable tariff agreement with the Trump administration, after Beijing and Washington reached a preliminary deal in June.
U.S. Treasury Secretary Scott Bessent (left) shakes hands with economic revitalization minister Ryosei Akazawa, Japan's chief tariff negotiator, at the Osaka Expo in the city of Osaka on July 19.
BUSINESS / Economy
Jul 28, 2025

Japan expects only 1% to 2% of $550 billion U.S. fund to be investment

The bulk of the fund, agreed as part of Japan's trade deal with the U.S., will consist of loans, says chief tariff negotiator Ryosei Akazawa.
A Hyundai Merchant Marine container ship under construction at the HJ Shipbuilding & Construction shipyard in Busan, South Korea, on July 22
BUSINESS / Economy
Jul 28, 2025

South Korea pitches Trump on shipyards for last-minute trade deal

While details remain unclear, Yonhap News reported that South Korea has proposed a multibillion dollar project dubbed "Make American Shipbuilding Great Again.”
Dubai, part of the United Arab Emirates, has become irresistible for the world’s richest people.
BUSINESS / FOCUS
Jul 28, 2025

World’s rich ignore Middle East strife to bet on Dubai and Abu Dhabi

Europeans have turned to the United Arab Emirates to seek respite from economic uncertainties, while some Chinese have begun looking beyond long-favored hubs like Singapore.

Longform

Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear