World · Business
Same event, multiple sources, transparently cited.
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Former Indonesian Minister Nadiem Makarim Faces Trial Over Chromebook Corruption Case
Nadiem Makarim, former education minister, faces 18 years in prison for alleged graft in Chromebook procurement for remote schools.
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German court rules Mondelēz misled consumers by shrinking Milka chocolate bar size
A Bremen court found Mondelēz guilty of misleading consumers by cutting Milka Alpenmilch bar weight from 100g to 90g without clear packaging notice.
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Guzman y Gomez exits US market, closes eight stores to focus on Australia and Asia
Guzman y Gomez is closing all US stores after failing to gain traction, redirecting efforts to Australia and Asia expansion.
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JPMorgan Executive Lorna Hajdini Files Defamation Countersuit Amid Assault Claims
JPMorgan executive Lorna Hajdini denied sexual assault claims and sued former VP Chirayu Rana for defamation this month.
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US hotels report low bookings and high cancellations ahead of 2026 FIFA World Cup
US hotels face weak bookings and widespread cancellations of FIFA-reserved rooms ahead of the 2026 World Cup, with concerns over inflated prices and demand distortions.
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UN lowers 2026 global growth forecast to 2.5% citing Middle East crisis
The United Nations cut the global GDP growth forecast for 2026 to 2.5% due to energy shocks from the ongoing Middle East conflict.
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Iran launches Bitcoin-backed shipping insurance as Strait of Hormuz sees reduced traffic
Iran has introduced a Bitcoin-backed insurance service for shipping amid limited commercial traffic through the Strait of Hormuz.
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Starbucks Korea CEO fired after controversial 'Tank Day' campaign sparks outrage
Starbucks Korea fired CEO Sohn Jeong-hyun after a 'Tank Day' promotion sparked backlash for referencing 1980 Gwangju Uprising tanks.
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London Underground faces four days of strikes over four-day workweek dispute
The RMT union will stage two 24-hour strikes on London Underground from May 19-22 protesting a proposed four-day workweek for Tube drivers.
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Spanish court orders refund of over €55 million to Shakira in 2011 tax residency case
Spain's National Court ruled Shakira was not a tax resident in 2011 and ordered a refund of more than €55 million plus interest.
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G7 Finance Ministers Meet in Paris to Address Economic Strains from Iran War
G7 finance ministers and central bankers met in Paris May 18-19 to discuss economic tensions caused by Iran war and global trade imbalances.
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Sojitz Corp explores Southeast Asia to diversify rare earth supply outside Australia
Japanese trading house Sojitz Corp is seeking new rare earth sources in Southeast Asia and other regions to reduce reliance on Australia and China.
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Man sentenced to two years prison for stealing unreleased Beyoncé music in Atlanta
Kelvin Evans pleaded guilty to stealing hard drives with unreleased Beyoncé music and was sentenced to two years in prison plus probation.
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Australia unveils 2026 budget with tax reforms and big spending shifts
Australia’s 2026 federal budget introduces major tax changes, NDIS cuts, and new funding for public agencies.
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Kioxia forecasts 48-fold profit jump as AI chip demand boosts semiconductor sales
Kioxia Holdings projects a 48-fold quarterly profit surge driven by AI data center demand and plans a US share listing.
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Japan’s Finance Minister says no extra budget needed despite rising bond yields
Finance Minister Satsuki Katayama said Japan does not currently require an extra budget despite higher government bond yields amid global trends.
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Australian Federal Court rules Coles misled shoppers with fake discounts in 'Down Down' campaign
The Federal Court ruled Coles misled customers by advertising false discounts on 245 products between 2022 and 2023.
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Honda reports first-ever annual loss with $10 billion EV write-down, forecasts profit rebound
Honda reported a $2.7 billion net loss for fiscal 2025 due to large EV business write-downs and forecasts a profit return by fiscal 2027.
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EQT plans $3.7 billion takeover of Japan’s Kakaku.com
EQT plans to acquire Japan’s Kakaku.com in a deal worth about 590 billion yen, or $3.7 billion.
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EU proposes single-ticket rail bookings and stronger passenger rights
The European Commission proposed rules on 2026-05-13 to let passengers book cross-border rail trips on one ticket and gain stronger protections.
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Nissan forecasts return to profit in fiscal 2027 after deep losses
Nissan forecast a return to profit for fiscal 2027 after posting a loss in the year ended March 2026.
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Nidec faces over 1,000 quality tampering cases amid ongoing compliance issues
Japan’s Nidec confirmed over 1,000 cases of quality tampering involving unauthorized design changes and falsified inspection data.
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SoftBank profit surges on OpenAI valuation gains
SoftBank reported a sharp profit jump as valuation gains on its OpenAI stake outweighed weaker bets elsewhere.
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Japan’s Three Megabanks to Access Anthropic’s AI Model Mythos by May End
Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho will gain access to Anthropic’s AI model Mythos by the end of May 2026.