Mall Staple Forever 21 Files for Bankruptcy Protection, Again

Forever 21 has filed for bankruptcy protection for a second time as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies Forever 21 has filed for bankruptcy protection for a second time as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein…

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World Shares Are Mostly Higher After Wall Street’s Rally

Shares are mostly higher in Europe and Asia, helped by strong Chinese factory data, following Friday’s rally on Wall Street Shares were mostly higher in Europe and Asia on Monday, helped by strong Chinese factory data, following Friday’s rally on Wall Street. Germany’s DAX added 0.5% to 22,658.00, while the CAC 40 in Paris was…

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China’s Zhipu AI Raises $137 Million as State Funds Bet on AI Race

Chinese artificial intelligence startup Zhipu AI has raised more than 1 billion yuan ($137.22 million) in fresh funding, months after securing a 3 billion yuan investment. The funding round comes amid intensifying competition in China’s AI sector, particularly after rival DeepSeek’s emergence with its large language models that claim to match Western competitors’ capabilities at…

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Musk’s Cost-Cutting Team Is Laying off Workers at the Auto Safety Agency Overseeing His Car Company

Elon Musk’s cost-cutting team is eliminating jobs at the vehicle safety agency that oversees Tesla and has launched investigations into deadly crashes involving his company’s cars Elon Musk’s cost-cutting team is eliminating jobs at the vehicle safety agency that oversees Tesla and has launched investigations into deadly crashes involving his company’s cars. The National Highway…

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