India is cutting taxes on many goods and services to encourage more spending during the festive season. Key items like insurance and life-saving drugs will no longer have taxes, and taxes on cars and everyday goods like soap are being reduced. The changes aim to boost spending and help the economy while dealing with other global trade challenges.
Key Facts
Starting Monday, many essential items in India, such as milk and bread, will be tax-free.
Taxes on small cars, TVs, and air conditioners are dropping from 28% to 18%.
Everyday products like hair oil and shampoo will have a lower tax rate of 5% instead of 12% or 18%.
These tax cuts are part of India's GST overhaul to simplify the tax system and boost spending.
The changes coincide with India's festive season, which is a major spending period.
Key consumer companies like Reliance and Mahindra & Mahindra plan to pass these savings to consumers to increase demand.
Share prices of car companies have gone up 6-17% since the tax cuts were announced.
Smaller businesses are struggling to adapt quickly to the new changes in pricing and packaging.
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President Donald Trump mentioned that Rupert Murdoch and his son Lachlan might be part of a group of investors trying to buy TikTok's US operations to ensure the app can continue operating in America. This move comes after a law passed in April 2024, which requires TikTok's Chinese owner, ByteDance, to sell its US arm to avoid a ban due to data privacy concerns. Other potential US investors include Oracle's Larry Ellison and Dell's Michael Dell.
Key Facts
President Trump said Rupert Murdoch and his son Lachlan could be involved in buying TikTok's US operations.
The deal aims to keep TikTok running in the US amid concerns about China's access to user data.
A law requiring TikTok's sale was passed due to potential data privacy risks for American users.
Other investors might include Oracle chairman Larry Ellison and Dell founder Michael Dell.
The White House press statement indicated that a deal might be close, with Oracle leading data and privacy efforts.
Fox Corp, linked to the Murdochs, might be involved rather than personal investments from them.
China has acknowledged ongoing negotiations but has not confirmed any agreement yet.
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The UK government's transport secretary has approved a plan for a second runway at London Gatwick Airport. The project aims to increase flight capacity and passenger numbers significantly over the coming years. While the plan has financial backing and is seen as a growth opportunity, it faces opposition due to environmental and local concerns.
Key Facts
The second runway project at Gatwick Airport is set to cost £2.2 billion and is privately funded.
Gatwick Airport aims to increase flights from 280,000 to approximately 389,000 by the late 2030s.
The airport estimates passenger numbers could grow to up to 80 million annually.
The Northern Runway will be shifted 12 meters to become a second active runway.
Noise controls and increased public transport use are part of the conditions for the runway's approval.
The plan includes expanding airport terminals and additional road improvements costing £350 million.
There is opposition from local groups and environmental campaigners concerned about traffic, noise, and climate impact.
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DraftKings is offering a promotion for new users where betting $5 on an NFL game earns them $200 in bonus bets and a discount on NFL Sunday Ticket. This offer is available for Week 3 NFL games and new customers aged 21 and over in eligible states. The bonus can be used immediately, regardless of the outcome of the initial bet.
Key Facts
DraftKings offers new users $200 in bonus bets when they bet $5.
A $200 discount on NFL Sunday Ticket is also included with this offer.
The promotion is available for Week 3 NFL games.
The initial $5 bet does not need to win to receive the bonus.
New customers must be at least 21 years old and located in eligible states.
The bonus is available immediately and must be used within seven days.
Additional in-app promotions include profit boosts and no-sweat touchdown bets.
Offers are valid as of September 21, 2025, based on Newsweek's confirmation.
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Rupert and Lachlan Murdoch, along with Michael Dell, are part of a group of U.S. investors interested in buying TikTok, according to President Trump. The details of the deal, such as when it will happen and the exact terms, are still not clear.
Key Facts
Rupert Murdoch, Lachlan Murdoch, and Michael Dell are potential buyers of TikTok.
President Trump mentioned these names during a TV interview.
The deal is still being negotiated, and specific details are not finalized.
TikTok is a popular social media app.
The app's sale is significant because it affects its ability to operate in the U.S.
This news is a developing story, meaning more details might come out soon.
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President Donald Trump mentioned that billionaires Rupert Murdoch, his son Lachlan Murdoch, and Michael Dell might be involved in a deal for the U.S. to control TikTok. Trump also stated that Larry Ellison from Oracle is part of the group negotiating to keep TikTok operating in the U.S. The potential deal aims to resolve concerns about TikTok's data security and ownership.
Key Facts
Trump suggested Rupert Murdoch, Lachlan Murdoch, and Michael Dell might join a TikTok deal.
The deal involves ensuring TikTok operates under U.S. control to address data security concerns.
Oracle's Larry Ellison is already known to be part of the negotiation group.
Oracle would handle TikTok’s data and security, with Americans controlling most board seats.
TikTok is currently owned by the Chinese company ByteDance.
The U.S. and China have until December 16 to finalize deal details.
TikTok has faced potential bans due to worries about Chinese government influence.
Trump has used executive orders to keep TikTok operating while a deal is sought.
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The Liberal Democrats are proposing a special tax on big banks' unexpected profits to fund loans for green home energy projects. They suggest using this money to create an Energy Security Bank that could offer loans for installing renewable energy systems like solar panels and insulation. The plan aims to help people and businesses lower energy costs and promote renewable energy use.
Key Facts
The Liberal Democrats suggest a tax on big banks' unexpected profits to fund green energy projects.
They propose creating an Energy Security Bank to provide loans up to £20,000 for households.
This tax could extract approximately £7bn a year from banks by the end of the decade.
Banking profits have increased significantly due to high interest rates and quantitative easing.
The plan includes offering loans to help the "missing middle" who aren’t covered by current grants.
Loans up to £50,000 would also be available for community energy groups and small businesses.
The initiative also includes installing solar panels in supermarket car parks to generate power.
Daisy Cooper, the party's deputy leader, announced the proposal at the party's autumn conference.
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Starbucks is making changes to its menu to offer more high-protein and gluten-free items, aiming to attract health-conscious customers. The company plans to introduce these items in the U.S. and Canada as part of a strategy to tap into the growing market for high-protein foods. The changes align with efforts by Starbucks CEO Brian Niccol to update the brand's offerings.
Key Facts
Starbucks plans to add more high-protein and gluten-free items to its menu.
The company wants to cater to health-conscious customers, including the post-gym crowd.
The global high-protein food market is projected to be worth over $52 billion by 2025.
CEO Brian Niccol is leading these menu changes as part of a strategy to refresh the brand.
Starbucks will introduce a protein cold foam with 15–18 grams of protein per serving.
The company sees a demand for menu options that align with various dietary needs.
The menu changes are also part of simplifying Starbucks' offerings and focusing on popular items.
Starbucks is facing employee complaints related to changes in its dress code.
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More shoppers are choosing clothing made from natural materials like cotton and wool over synthetic fabrics. This shift is partly driven by concerns over the environmental impact of microplastics and the desire for more durable wardrobes. Influencers and consumers are promoting natural fibers as a sustainable fashion choice.
Key Facts
Shoppers are increasingly checking labels for 100% cotton, wool, and silk materials.
Choosing natural fabrics can reduce exposure to microplastics.
Fast fashion offers cheap clothes but often uses synthetic materials.
Posts tagged #NaturalFibers on TikTok increased by over 230% in early 2025.
Natural fibers are praised for being breathable, durable, and less toxic.
There are affordable natural fabric options at retailers like Gap and Brandy Melville.
A large majority of U.S. consumers prefer natural fabrics like cotton and denim.
Natural and synthetic fabrics both have environmental impacts.
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A large group of women in construction who belong to labor unions gathered to discuss issues affecting their work. One major concern was how tariffs, which are taxes on goods brought into a country, might slow down building projects.
Key Facts
The event was the largest gathering of unionized tradeswomen.
Women make up just 4% of construction workers who use tools at work sites.
The group expressed concerns about tariffs on building supplies.
Tariffs could cause delays in commercial building construction.
Tradeswomen are part of labor unions, which represent workers' rights and interests.
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BetMGM is offering a promotion for new customers using the bonus code WEEK150 during NFL Week 3. Depending on their location, users can receive either a $150 bonus with a $10 bet or a $1,500 first-bet safety net. The offer is available for users in certain states and on specific NFL games.
Key Facts
BetMGM has a promotion called WEEK150 for new users.
The promotion offers a $150 bonus or a $1,500 first-bet safety net based on location.
The $150 bonus requires a $10 winning bet and is available in MI, NJ, PA, and WV.
The $1,500 first-bet safety net allows a large first wager with a bonus if it loses.
The promotions are focused on NFL games, such as Rams-Eagles and Broncos-Chargers.
Users must be 21 or older and present in participating states.
Bonus offers are valid for one week after being received.
Registration requires entering personal details and a secure payment method.
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Former Disney CEO Michael Eisner criticized the company for suspending Jimmy Kimmel's show after a controversial comment about a political figure. The suspension happened following pressure from political figures and other media companies. Eisner expressed concerns about free speech and corporate pressures on media decisions.
Key Facts
Michael Eisner, former Disney CEO, criticized Disney for suspending Jimmy Kimmel's show.
The suspension followed a controversial monologue by Kimmel about a political murder suspect.
The Federal Communications Commission chairman criticized Kimmel's comments.
The suspension led to reactions from both free speech supporters and those supporting the decision.
Affiliate media companies threatened to stop airing Kimmel's show.
Eisner highlighted concerns about corporate influence on media and free speech.
Kimmel's suspension has sparked a broader discussion about free speech in media.
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Illinois is the leading state in the U.S. for pumpkin production, producing 485.1 million pounds in 2024. This is due to its favorable climate and soil, making it a key location for canned pumpkin production.
Key Facts
Illinois produced 485.1 million pounds of pumpkins in 2024.
Other top pumpkin-producing states include Indiana, Pennsylvania, California, and Michigan.
Illinois is located in the "orange belt," which is favorable for growing pumpkins.
Up to 95% of the U.S. canned pumpkin supply comes from Morton, Illinois.
The Nestlé-owned Libby's plant in Morton is a major producer of canned pumpkin.
Illinois' soil and location are ideal for pumpkin farming.
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Around 500,000 products sold by Amazon and other online retailers have been recalled due to safety concerns. The U.S. Consumer Product Safety Commission (CPSC) cites risks such as fire, suffocation, and injury from these recalled products, which include baby loungers, power banks, and other items.
Key Facts
Over 500,000 products sold mainly online have been recalled for safety reasons.
The U.S. Consumer Product Safety Commission (CPSC) announced the recalls.
Recalled items include baby loungers with suffocation risks and Anker power banks with overheating issues.
The Anker power banks recall affects over 480,000 units due to fire hazards.
Nearly 1,800 YooxArmor kids' helmets were recalled for failing safety standards.
About 3,000 Youbeien crib mobiles were recalled due to unsafe battery compartments.
22,600 IcyBreeze misting fans were recalled for overheating and fire risks.
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Disney faces a challenging situation after suspending Jimmy Kimmel's late-night show due to comments he made about a political figure's assassination. The company's decision has sparked political reactions and raised issues around free speech and media dynamics. This situation highlights Disney's struggle between maintaining creative freedom and handling political pressures.
Key Facts
Jimmy Kimmel's show was suspended by ABC, a Disney-owned network, after his comments about Charlie Kirk's assassination.
The suspension has been praised by Trump supporters but criticized by Democratic lawmakers and free speech advocates.
Disney settled a $15 million defamation lawsuit related to the former president in December.
Trump has criticized Disney on social media, using terms like "woke."
Disney has made changes to some of its shows, removing a transgender storyline and adding a Christian character.
The situation raises concerns about Disney's position on creative freedom versus political pressure.
The decision to suspend Kimmel could affect Disney's relationships with creative talent and audiences.
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Some affluent Americans are choosing to take multiple short breaks, called "mini retirements," during their careers instead of retiring all at once. A study found that 37% of surveyed Americans plan to take these breaks, with the average age for a first break being 46 years old. People are motivated by various reasons such as family time, travel, and personal development, with different age groups prioritizing different activities.
Key Facts
Mini retirements involve taking short breaks of 6 to 12 months from work throughout a career.
A study by HSBC surveyed over 10,000 affluent adults in 12 markets.
37% of U.S. respondents plan to take a mini retirement, with 46 as the ideal age for the first break.
Gen X and Millennials plan to take an average of three mini retirements.
Different age groups have different motivations such as family time, travel, and personal well-being.
40% of respondents expect to spend under $100,000 per mini retirement, using savings, investments, or part-time work to fund it.
There are concerns about financial sustainability, as saving enough for breaks may not be realistic for all households.
These breaks can improve work-life balance, reduce burnout, and support mental health.
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The U.S. and China reached an agreement to create a U.S.-based version of the popular social media app TikTok. This deal came after concerns in the U.S. about TikTok's Chinese ownership and potential risks to national security and privacy.
Key Facts
The U.S. government and China made a deal to spin off TikTok into a U.S. version.
TikTok is a social media app that is very popular globally.
The app is owned by a Chinese company, which caused concerns in the U.S.
U.S. concerns focused on national security and data privacy risks.
President Trump and China's leader Xi Jinping were involved in the agreement.
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Several companies in the U.S. have been firing employees and controlling their responses after the assassination of Charlie Kirk. Business and legal experts are concerned about the impact on free speech in workplaces.
Key Facts
U.S. companies took action after the assassination of Charlie Kirk.
Employees are being fired or disciplined due to their reactions.
Business experts label this a challenging time for workplace free speech.
The focus is on how businesses handle employee speech in sensitive situations.
The actions highlight tensions between corporate policies and personal expression.
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Bet365 is offering a bonus code WEEK365 for NFL Week 3, where users can choose between a $200 bonus with a $5 bet or a $1,000 "first bet safety net." This promotion applies to games like Rams-Eagles and Broncos-Chargers, and additional offers include parlay boosts and a chance to win a share of $365,000 in bonus bets during Sunday Night Football games.
Key Facts
Bet365 offers a WEEK365 bonus code for promotions during NFL Week 3.
New users can receive a $200 bonus with a $5 bet or a $1,000 safety net for their first bet.
The offer is for significant games like Rams-Eagles and Broncos-Chargers.
Additional app promotions include NFL Sunday Night Jackpot and Football Early Payout.
The $1,000 safety net refunds a losing bet, while the $200 bonus is triggered by a small bet.
The Sunday Night Football game features a chance to win a share of $365k in bonus bets.
Users must be 21+ and new customers in eligible states to qualify for this offer.
Newsweek may earn a commission if users sign up via links in the article.
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The U.S. government bought a 10% stake in Intel, a big tech company. This move is unusual because the government usually invests in private companies only when they are in financial trouble.
Key Facts
The U.S. government now owns 10% of Intel, a major tech company.
This step was announced by President Donald Trump on August 22.
The government bought 433.3 million shares at $20.47 each, totaling a 9.9% stake.
It is unusual for the government to invest in a private company that is not financially struggling.
Typically, such government investments happen to prevent big companies from collapsing.
Intel is a large company in Silicon Valley, known for designing and making computer chips.
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