Klarna Launches U.S. Debit Card to Expand Beyond BNPL Ahead of Planned IPO

Swedish fintech giant Klarna, widely recognized for its “buy now, pay later” (BNPL) services, is branching out by introducing a Visa-powered debit card in the U.S. This new product, called the Klarna Card, marks a strategic shift as the company moves to reduce its reliance on short-term credit offerings. Klarna is initially piloting the card…

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Musk Exits Government Role as Neuralink Secures $650M and Tesla Sales Surge in Norway

Elon Musk’s departure from the U.S. government’s Department of Government Efficiency (DOGE) coincides with promising developments in his business ventures. Neuralink, his brain technology startup, announced a substantial $650 million funding round. Meanwhile, Tesla experienced a remarkable 213% year-on-year sales increase in Norway this May, driven largely by the revamped Model Y. While these achievements…

FTC drops Biden-era attempt to stop Microsoft’s Activision Blizzard deal

The Republican-led Federal Trade Commission (FTC) is ending a Biden-era effort to stop Microsoft from buying the video game company Activision Blizzard, known for “Call of Duty.” On Thursday, the FTC said it decided “the public interest is best served by dismissing the administrative litigation in this case.” This was the second time in one…

Less Waste Laura’s Viral Vape Campaign Sparks UK Ban and National Reckoning on E-Waste

What began as a routine dog walk turned into a nationwide movement when social media influencer Laura Young, known online as “Less Waste Laura,” started documenting the litter problem caused by disposable vapes in Dundee. Frustrated with repeatedly picking them up, she took to TikTok to voice her concerns. One of her videos went viral,…

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OPEC+ Boosts Oil Output Again as Market Eyes U.S. Shale Strain and Global Tensions

Over the weekend, OPEC+—a coalition of oil-producing nations including OPEC members and allies like Russia—announced a significant increase in oil production for July. The group will raise crude output by 411,000 barrels per day, marking the third monthly increase in a row following similar hikes in May and June. This strategic move is aimed at…

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Rising U.S. Debt Fuels Global Financial Strain, Crowds Out Capital for Emerging Markets

The growing U.S. national debt, which has surged dramatically in recent years, is beginning to show significant global consequences beyond American borders. According to the Institute of International Finance (IIF), U.S. borrowing costs and Treasury market volatility can influence sovereign debt markets worldwide. When yields on U.S. Treasuries rise, they tend to affect other nations’…

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Japanese artist Takashi Murakami debuts Ohio museum exhibit featuring over 100 pieces

Japanese contemporary artist Takashi Murakami has always worked in many different forms—paintings, sculptures, designer fashion items with brands like Louis Vuitton, album covers, and even special merchandise with Major League Baseball. Now, he’s bringing colorful portraits to a U.S. museum. His show, “Takashi Murakami: Stepping on the Tail of a Rainbow,” opens Sunday at the…

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Trump Blocks Aerospace Tech Exports to China as C919 Jet Fuels U.S. Security Fears and Rivalry

President Trump’s recent decision to limit the export of U.S. aerospace technology to China marks a culmination of long-standing concerns in Washington about the role American firms have played in developing China’s aerospace industry. Specifically, the restrictions target China’s Commercial Aircraft Corporation of China (COMAC), which was created in 2008 to develop the C919 jet…

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Arthur T. Demoulas Suspension Sparks New Market Basket Power Clash as Board Cites Misconduct and Nepotism

Market Basket CEO Arthur T. Demoulas, widely known as “Artie T,” has been suspended by the company’s board amid an ongoing investigation into alleged misconduct. The board’s statement cites credible allegations that Demoulas planned a disruption of operations via a work stoppage. His children, Madeline and Telemachus, along with several other executives, were also placed…

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US military changes tone in Africa, urging allies to take greater responsibility for their own defense

The U.S. military is moving away from its usual focus on promoting good governance and addressing the root causes of insurgencies. Instead, it is now urging its fragile allies in Africa to be more self-reliant. This shift was clear during African Lion, the largest joint training exercise the U.S. conducts on the continent. “We need…