Justin Welby resigns as Archbishop of Canterbury over abuse scandal
Archbishop of Canterbury Justin Welby has resigned “in sorrow,” saying he had failed to ensure there was a proper investigation into allegations of abuse.
Apple’s four-phone strategy is lagging. One idea to reviving sales: Cut the cameras
Every year since 2020, when Apple moved to a four-model lineup, one of them has lagged in terms of sales.
Apple won’t launch a smart ring, says Oura CEO: ‘It’s hard to do’
Samsung’s smart ring debut put the products firmly in the spotlight, with one analyst predicting that Apple could launch its own smart ring in 2026.
‘The market is right’: Former Fed policymaker Mester sees fewer rate cuts next year after Trump’s victory
The U.S. Federal Reserve could carry out fewer rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday.
Home Depot’s sales are improving, but it says consumers are still cautious about spending
Home Depot is mired in a sales slump as homeowners put off major projects.
Germany sets early election date for February after collapse of the ruling coalition
The date for the German federal election has been set for Feb. 23, earlier than Chancellor Olaf Scholz had originally proposed.
China’s Alibaba releases AI search tool for small businesses in Europe and the Americas
Chinese e-commerce giant Alibaba unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.
Europe markets close 2% lower, logging worst daily fall since August as mining stocks slide
European markets closed lower Tuesday as investors assessed what U.S. President-elect Donald Trump’s return to the White House could mean for the region’s economy.
Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions
A Dutch court on Tuesday dismissed a landmark climate ruling against Shell, after the oil giant was ordered to sharply reduce its emissions back in 2021.
China’s biggest shopping event of the year exceeds low expectations
The Singles’ Day shopping festival saw consumers spend more than expected in what’s otherwise been a tepid retail environment, consulting executives said.
