Author: Grace Johnson

New chief aims to restore confidence and growthGlobal drinks leader Diageo has named former Tesco chief executive Sir Dave Lewis as its next boss. He will take over on 1 January after Debra Crew resigned in the summer following two years in charge. The appointment signals Diageo’s push to recover from falling sales and regain investor trust. While Guinness continues to thrive, the company’s wider portfolio has struggled, sending shares to a decade-long low. News of the leadership change lifted Diageo’s shares by 7% in early trading on Monday. Major brands hit by weakening demandDiageo, owner of Johnnie Walker, Smirnoff…

A powerful super typhoon has slammed into the Philippines, bringing destructive winds and torrential rain to large parts of the country. Officials are warning of “life-threatening conditions” as the storm moves toward the nation’s largest island. Bicol Hit Hard as Storm Makes First Landfall Typhoon Fung Wong, with sustained winds of 185 km/h, is tearing through the country, according to the national weather bureau Pagasa. The eastern Bicol region was first to feel its fury on Sunday morning. Luzon, the Philippines’ main population center, is expected to take a direct hit by nightfall. Known locally as Uwan, the typhoon comes…

Chaos swept through America’s airports on Friday as more than 5,000 flights were cancelled or delayed. The disruption came after new federal rules forced airlines to reduce air traffic because of the ongoing government shutdown. The regulations, introduced at 40 of the nation’s largest airports, aim to ease pressure on unpaid federal workers, including air traffic controllers. Many have been missing shifts or taking side jobs to cover expenses as the shutdown stretches into its second month. The Federal Aviation Administration (FAA) issued an emergency order cutting flight numbers by 4%. That figure is expected to climb to 10% next…

Tesla shareholders have approved an unprecedented compensation plan for Elon Musk that could reach nearly $1 trillion. The decision, supported by 75% of votes during Thursday’s annual meeting, drew loud applause from the audience. Musk, already the world’s richest man, must dramatically grow Tesla’s market value over the next ten years to unlock the full payout. If he achieves all targets, he will receive hundreds of millions of new Tesla shares. The extraordinary scale of the package has sparked criticism, but Tesla’s board argued that Musk might walk away without it. They said the company cannot afford to lose its…

President Donald Trump’s wide-ranging tariffs faced tough scrutiny at the Supreme Court on Wednesday in a case that could redefine presidential authority and reshape global trade. Several conservative justices questioned the administration’s defense of import duties that Trump said were necessary to revive U.S. manufacturing and fix long-standing trade imbalances. A coalition of small businesses and states sued the administration, arguing that Trump went beyond his legal authority by imposing what they describe as an unlawful tax. With a 6–3 conservative majority, the Supreme Court often takes months to issue major rulings, but many expect a faster decision in this…

Ahead of Tesla’s annual general meeting on Thursday, the company is delivering one clear message to investors: Elon Musk deserves a $1 trillion reward. The electric carmaker has gone all-in on a campaign to convince shareholders. Digital ads promote the package, and Votetesla.com features board chair Robyn Denholm and director Kathleen Wilson-Thompson praising Musk to the sound of triumphant music. But not everyone agrees. The meeting in Austin, Texas, is shaping up as a vote of confidence—or rejection—of Musk himself. His political statements and controversial decisions have made him one of the most divisive business figures in modern times. Musk…

China has launched a major policy initiative aimed at boosting imports and expanding global trade partnerships. The program, named “Big Market for All: Export for China,” seeks to increase access for foreign goods and strengthen international cooperation. Officials emphasized that the initiative is designed to create a more open and inclusive trade environment. By welcoming more countries to participate in China’s market, the program aims to promote mutual economic growth and “win-win cooperation.” The policy includes measures to streamline import procedures, reduce trade barriers, and provide incentives for foreign companies. These steps are intended to encourage more businesses to enter…

China and Russia have agreed to strengthen investment and economic ties, signaling a commitment to strategic partnership amid global challenges. The announcement followed a high-level meeting in Beijing on 4 November 2025 between Chinese President Xi Jinping and Russian Prime Minister Mikhail Mishustin. The leaders emphasized expanding mutual investment, trade, and joint economic projects. Analysts say this move reflects both countries’ desire to maintain strong bilateral ties in a complex global environment. The agreement covers a broad range of sectors, including energy, technology, infrastructure, and manufacturing. Both sides plan to enhance collaboration to support long-term economic growth and stability. Experts note that…

OpenAI has entered a $38 billion (£29 billion) agreement with Amazon to tap into its cloud computing infrastructure. The deal strengthens OpenAI’s access to the computing power required to train its next generation of artificial intelligence systems. Expanding OpenAI’s global tech network In 2025, OpenAI has already signed over $1 trillion in partnerships with Oracle, Broadcom, AMD and Nvidia. The new alliance with Amazon reduces its long-standing dependence on Microsoft and expands its access to critical chip and cloud technologies. The seven-year partnership gives OpenAI access to Nvidia’s powerful processors through Amazon Web Services. It follows a major internal transformation…

Donald Trump dismissed the possibility of a United States war with Venezuela but suggested that President Nicolás Maduro’s rule may be nearing its end. Speaking to CBS’ 60 Minutes, Trump said: “I doubt it. I don’t think so. But they’ve been treating us very badly.” US steps up strikes on Caribbean drug routes Trump’s remarks come as Washington escalates strikes against boats suspected of smuggling drugs across the Caribbean. The administration insists the missions aim to stop narcotics from entering the United States. Critics argue the operations are intended to weaken Maduro’s government. Trump rejected that claim, saying the actions…