Chipotle has introduced a new sauce called Red Chimichurri, available for a short time in the U.S. and Canada. The sauce will be prepared fresh daily with natural ingredients and is part of Chipotle's effort to add new and creative menu options. Chipotle Rewards members can try it for free on the launch day.
Key Facts
Chipotle's new sauce, Red Chimichurri, will be available from September 30, 2025.
The sauce includes ingredients like roasted garlic, fresh cilantro, chili peppers, and citrus juice.
It does not contain artificial preservatives, colors, or flavors.
Red Chimichurri can be paired with specific Chipotle dishes like the Carne Asada Burrito and Chicken Bowl.
Chipotle Rewards members can get the sauce for free on launch day if they register by September 29.
The launch follows the return of Carne Asada and other limited-time items at Chipotle.
Chipotle has also recently introduced a digital "Build-Your-Own Chipotle" family meal and started drone deliveries in Texas.
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Health Secretary Wes Streeting stated that the UK government will not impose VAT (Value Added Tax) on private healthcare in the upcoming autumn Budget. While Chancellor Rachel Reeves faced questions about potential tax increases, she emphasized the government's commitment to maintaining low taxes but acknowledged challenges due to global events.
Key Facts
Wes Streeting confirmed there will be no VAT on private healthcare in the UK.
Most private healthcare in the UK is currently exempt from VAT.
Chancellor Rachel Reeves discussed the possibility of tax rises to meet borrowing rules.
Reeves stated Labour's manifesto commitments include not raising VAT.
Reeves highlighted challenges from international events affecting the economy.
VAT is usually 20% on goods and services in the UK unless they are reduced or zero-rated.
Former Labour leader Neil Kinnock suggested adding VAT to private healthcare to fund the NHS.
Economic think tanks estimate potential tax increases to address a £50bn gap in UK finances.
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Germany has found large amounts of lithium in the Altmark Region. This discovery could help Europe rely less on foreign lithium, especially from China. Neptune Energy will use a new method to extract the lithium, which is important for making electric vehicle batteries.
Key Facts
Germany discovered 43 million tons of lithium carbonate equivalent (LCE) in the Altmark Region.
The lithium found could provide enough material for about 500,000 electric vehicle batteries yearly by the 2030s.
China currently dominates the processing of lithium needed for battery production.
Neptune Energy is testing a method called direct lithium extraction, which is more environmentally friendly than traditional mining.
The company plans to continue testing new extraction technologies until the second quarter of 2026.
Further development depends on obtaining mining permits and testing a fully integrated extraction plant.
Reducing reliance on Chinese lithium processing aligns with the European Union's environmental goals and the European Green Deal.
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A key trade deal between the U.S. and Africa, known as the African Growth and Opportunity Act (Agoa), is about to expire. This agreement allows certain African goods to enter the U.S. without paying tariffs and is critical for many African economies, including Kenya's garment industry. Thousands of jobs are at risk if the trade deal ends without renewal.
Key Facts
Agoa is a trade agreement allowing some African goods duty-free access to the U.S.
The agreement is set to expire soon, creating uncertainty for many workers.
African representatives are negotiating for an extension in the U.S.
The White House supports a one-year extension, but it is not confirmed yet.
Agoa has helped countries like Kenya export goods and provide jobs.
Kenya exported $470 million worth of clothing to the U.S. in 2024 under Agoa.
The uncertainty has led to a drop in production at factories like Shona EPZ in Kenya.
If Agoa ends, thousands of jobs in Kenya and other countries may be lost.
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The German manufacturing industry, once resilient during the initial rise in Chinese exports known as the "first China Shock," is currently facing challenges due to a potential "second China Shock." Economic difficulties, including rising energy costs and tariffs, are impacting Germany's export-driven economy, which relies heavily on its manufacturing sector.
Key Facts
The Association of German Mechanical and Plant Engineering (VDMA) represents a significant portion of Germany's manufacturing sector.
Germany's manufacturing industry is part of the "Mittelstand," which are small and medium-sized companies crucial to the economy.
Germany's current economic issues include declining exports and job losses in the manufacturing sector.
The "second China Shock" refers to new economic challenges as China's influence in manufacturing grows.
In the early 2000s, the "first China Shock" caused significant job losses in the U.S. manufacturing sector.
Germany largely avoided the negative impacts of the first China Shock but is now facing potential economic threats from the second one.
Rising energy costs, partly due to the 2022 Russia-Ukraine conflict, contribute to Germany's economic challenges.
Analysts warn that the current situation could lead to severe industrial decline in Germany.
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In 2023, Genesis, part of the Hyundai Motor Group, achieved significant growth in sales and is preparing to launch a new luxury SUV, the GV90. This model is designed to compete with the Cadillac Escalade, aiming to deliver similar luxury at a lower cost. The company is also expanding its presence in motorsports and special events.
Key Facts
Genesis is part of the Hyundai Motor Group and has been seeing significant growth, with over 1 million total vehicles sold as of 2023.
Genesis's global sales increased by 17.4% year over year in 2025.
The U.S. is currently the strongest market for Genesis.
The new GV90 SUV will target the Cadillac Escalade, promising luxury at a less expensive price.
Genesis is expanding its brand image through involvement in motorsports and sponsorship of golf events.
The GV90 SUV will feature design elements from the Genesis X Gran Coupe Concept and will include luxury interiors.
Genesis plans to offer a high-performance version of the GV90, known as the Magma.
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Port Talbot is undergoing a transformation a year after Tata Steel stopped its blast furnace operations due to financial losses. The site is being prepared for a new electric arc furnace, which is planned to be operational by the end of 2027. This change involves a major construction project and aims to bring more sustainable steel production to the area.
Key Facts
Tata Steel ended its blast furnace operations in Port Talbot a year ago, citing a daily loss of £1 million.
The new project involves constructing a £1.25 billion electric arc furnace (EAF) to replace the old blast furnaces.
Around 400,000 tonnes of material has been cleared from the site to make way for the new construction.
Up to 1,200 workers will be involved in building the new EAF, which will use scrap steel.
The EAF aims to be operational by the end of 2027 and will use a cleaner method of steelmaking.
Local businesses and contractors are participating in the site preparation and construction work.
The project includes repurposing existing buildings and constructing new ones, as well as modifying site infrastructure like access roads for trucks.
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Electric vehicle (EV) sales in the U.S. surged ahead of the September 30 deadline for federal tax credits. These credits, offering up to $7,500 for new EVs, were cut short by a new law, prompting consumers to buy quickly. The spike in sales is expected to taper off after the deadline.
Key Facts
U.S. federal tax credits for new EVs can be up to $7,500, but these expire on September 30.
The tax credit requires a binding contract by the deadline, though vehicle delivery can occur later.
EV sales increased sharply as buyers rushed to use the tax credit before it expired.
A forecast showed a 21.1% increase in EV sales for the third quarter compared to last year.
In August, EV sales made up more than 11% of the U.S. market.
Vehicles eligible for used EV tax credits, especially those priced under $25,000, are selling fast.
Analysts predict a temporary decline in EV sales after the tax credit deadline.
Major automakers continue investing in EVs despite the end of the tax credits.
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A Chinese woman named Zhimin Qian was convicted in the UK for her role in a huge cryptocurrency scam involving bitcoin worth more than £5.5 billion. Between 2014 and 2017, she defrauded over 128,000 victims in China and later laundered the stolen money in the UK. The case involved a complex investigation with multiple countries cooperating.
Key Facts
Zhimin Qian, also known as Yadi Zhang, was convicted in London for a cryptocurrency scam.
She was responsible for illegally acquiring and holding bitcoin valued at over £5.5 billion.
The scam took place from 2014 to 2017 and involved over 128,000 victims in China.
Qian was on the run for five years before her arrest in the UK.
She used fake documents to leave China and entered the UK to launder the funds.
Detective Sergeant Isabella Grotto led a seven-year investigation involving multiple jurisdictions.
Her accomplice, Jian Wen, was previously jailed for his role in the scheme.
Authorities seized this as the largest cryptocurrency confiscation in the UK and aim to prevent the fraudsters from accessing the funds.
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Charlie Javice, the founder of the startup Frank, received a 7-year prison sentence for misleading JPMorgan Chase into buying her company for $175 million. She was found guilty of several fraud-related charges, including inflating customer numbers and creating fake data.
Key Facts
Charlie Javice founded the startup Frank.
She was sentenced to 85 months (about 7 years) in prison.
She was convicted of deceiving JPMorgan Chase into buying her company for $175 million.
Javice falsely increased her company's customer numbers to get JPMorgan Chase to buy it.
Federal prosecutors and the SEC charged her with conspiracy, wire fraud, bank fraud, and securities fraud.
The case involved a six-week jury trial in New York City.
Javice was ordered to pay over $309 million in restitution.
She expressed remorse during her sentencing.
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YouTube has agreed to pay $22 million to settle a lawsuit with Donald Trump after suspending his account following the January 6 U.S. Capitol riot. The settlement includes an additional payment of $2.5 million to other plaintiffs like the American Conservative Union. Trump's lawsuit claimed that YouTube's actions were against his First Amendment rights.
Key Facts
YouTube will pay Donald Trump $22 million as part of a lawsuit settlement.
The settlement also involves $2.5 million for other plaintiffs in the case.
The payment to Trump will go into a trust for renovating the White House ballroom.
Trump had sued Meta, X (formerly known as Twitter), and Google for suspending his accounts in 2021.
Trump's lawsuit argued the companies' actions were unconstitutional regarding free speech.
Legal experts noted that the First Amendment protects free speech from government interference, not actions by private companies.
Meta and X had already settled similar lawsuits with Trump.
YouTube also announced plans to reinstate accounts banned for misinformation related to COVID-19 and the 2020 election.
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This article discusses how Nike, a major sportswear brand, is targeting Generation Z consumers with a new slogan, "Why Do It?". Ailsa Chang from NPR talks to Casey Lewis, a consumer trends expert, to understand what brands are doing right and wrong when marketing to this age group.
Key Facts
Nike is using a new slogan, "Why Do It?", to appeal to Generation Z.
Generation Z refers to people born roughly between the mid-1990s and early 2010s.
NPR's Ailsa Chang spoke with Casey Lewis, a consumer trends expert, about this marketing approach.
The discussion covers brands' successes and mistakes in connecting with Generation Z.
The conversation was featured on NPR's program, "All Things Considered."
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Chancellor Rachel Reeves suggested possible future tax increases in her upcoming November Budget, linking these decisions to global economic challenges and long-term issues with the UK's economic productivity. She emphasized the need for responsible financial management and mentioned ongoing discussions with the Office for Budget Responsibility. No specific Budget policies have been confirmed yet, but she reiterated that the government's previous commitments on main tax rates remain.
Key Facts
Rachel Reeves, the UK Chancellor, spoke about the potential for tax increases in the upcoming Budget.
She linked potential tax hikes to global economic challenges and long-term UK economic issues.
The Office for Budget Responsibility (OBR) is reassessing the UK's long-term economic trends and will share its findings soon.
Budget discussions include potential changes to when the OBR forecasts are published, possibly reducing them to once a year.
The Chancellor reaffirmed commitments to not increase main tax rates, though changes depend on future economic conditions.
Potential measures could include altering tax breaks and allowances, especially relating to housing and pensions.
Reeves is focused on "responsible management of public finances" amid these challenges.
The final Budget decisions will depend on the gap in public finances revealed by the OBR's upcoming report.
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Category: business
Former U.S. President Donald Trump reiterated his intention to impose a 100% tariff on movies made outside the United States. He argues this move will help the struggling American film industry. The timing for when these tariffs would take effect remains unclear.
Key Facts
Donald Trump has proposed a 100% tariff on all movies produced outside the U.S.
He believes other countries have taken over the U.S. film industry.
Trump previously mentioned discussing this plan with Hollywood executives.
He has also announced new tariffs on other products, including drugs and cabinets.
The specific start date for the movie tariffs has not been announced.
It is unknown if these tariffs would affect films on streaming services like Netflix.
Recent U.S. studio films shot abroad include "Deadpool & Wolverine" and "Wicked."
The U.S. film industry remains significant but faced a 26% decrease in spending last year.
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London real estate developer Dar Global announced plans to start a new project called Trump Plaza in Jeddah, Saudi Arabia. This is a $1 billion venture done in partnership with the Trump Organization. The development will feature homes, serviced apartments, office space, and townhouses.
Key Facts
Dar Global is a real estate developer based in London.
The new project is called Trump Plaza.
It will be located in Jeddah, a city by the Red Sea in Saudi Arabia.
This is Dar Global's second project with the Trump Organization.
The project's full cost is estimated at $1 billion.
The development will include residences, serviced apartments, office space, and townhouses.
The project follows another Trump-branded project, Trump Tower Jeddah, launched in December last year.
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The Trump administration is concerned about the drop in U.S. soybean sales to China, now at zero. The issue is tied to the U.S. economic bailout of Argentina, which led China to buy soybeans from there instead. This situation creates economic challenges for American farmers who relied heavily on exporting soybeans to China.
Key Facts
U.S. soybean exports to China have fallen to zero since May.
China was the biggest buyer of U.S. soybeans, accounting for over 50% of exports in 2024.
The drop in Chinese purchases threatens American farmers' income and the long-term strength of their operations.
The U.S. recently supported Argentina economically, which led Argentina to remove grain export tariffs.
Following this, China bought over a million metric tons of soybeans from Argentina.
Overall U.S. soybean exports are down 23% from the previous year.
Farmers report losing $100 to $200 per acre due to the drop in sales.
Chinese companies are now buying soybeans primarily from Brazil and Argentina, bypassing the U.S. due to tariffs.
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Japanese brewing company Asahi experienced a cyber-attack that disrupted its shipping and customer service in Japan. The company reported no confirmed loss of customer data and stated that its operations in Europe were unaffected. Asahi is working to fix the issues but does not have a timeline for when operations will return to normal.
Key Facts
Asahi faced a cyber-attack, leading to a "systems failure."
The attack affected its shipping and customer service in Japan.
No loss of customer data has been confirmed.
European operations, including those in the UK, were not impacted.
Asahi is Japan's largest brewer and owns brands like Peroni and Pilsner Urquell.
The company is investigating the cause and trying to restore operations.
There is no set timeline for when the systems will be back to normal.
UK businesses like Harrods and Jaguar Land Rover have also faced cyber-attacks recently.
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Compass and Anywhere, two large U.S. real estate companies, plan to merge in a $1.6 billion deal. This merger could put pressure on small real estate firms but may also bring benefits like cost savings for consumers. The combined firm will have a network of 340,000 agents if it gets approval.
Key Facts
Compass and Anywhere are planning a $1.6 billion merger.
The merger will combine Compass's regional business with Anywhere's brands, such as Century 21 and Coldwell Banker.
The combined company will have about 340,000 agents.
This merger might make it harder for small, local real estate firms to compete.
The merged company will be valued at around $10 billion.
The merger needs approval from shareholders and regulators before it is final.
Home sales have decreased, but prices and mortgage rates are still high.
If approved, the merger will happen in the second half of 2026.
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A business deal has saved 156 Claire's stores and around 1,000 jobs in the UK after the company faced financial difficulties. Modella Capital has purchased most of Claire's UK stores, but 145 stores might still close. Discussions continue about the future of Claire's stores in other countries.
Key Facts
A rescue deal saved 156 Claire's stores in the UK.
Approximately 1,000 jobs have been secured through this deal.
Modella Capital is the company that bought these stores.
Claire's went into administration in the UK and Ireland on August 13, 2025, affecting 2,150 jobs.
145 Claire's stores in the UK could still potentially close.
The company's North American business was sold for $104 million to Ames Watson.
Claire's is known for ear piercing services and accessories like hair bands and jewellery.
Discussions are ongoing regarding Claire's stores in France, Italy, and Poland.
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