Prince Harry and Meghan Markle have signed a new, long-term agreement with Netflix for creating films and TV shows. This deal allows Netflix to have the first opportunity to consider projects from Harry and Meghan's Archewell production company. Details about the duration and financial terms of the deal are not disclosed.
Key Facts
Harry and Meghan have a new multi-year deal with Netflix.
Their production company is called Archewell.
Netflix gets the first chance to review their project ideas.
The exact length and financial terms of the new deal are not known.
Their previous deal in 2020 was reportedly worth about $100 million.
The new deal continues their partnership with Netflix, despite earlier rumors of a split.
Meghan's latest show, "With Love, Meghan," will release a new series soon.
Another Netflix project involves an orphanage in Uganda, produced by Harry and Meghan.
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Ford announced plans to produce a cheaper electric pickup truck priced around $30,000. They will retool their Kentucky plant over 18 months to build this new vehicle. This move aligns with Ford’s strategy to offer more affordable electric vehicles amidst industry challenges.
Key Facts
Ford plans to release an electric pickup truck priced at about $30,000.
The new truck's price will be competitive both for electric and gas trucks.
Production will occur at the Louisville Assembly Plant in Kentucky, which will be retooled.
The retooling and production effort represent a $5 billion investment.
Compared to existing models like the electric F-150 Lightning starting at $50,000, this price is significantly lower.
Ford aims to reach buyers interested in affordable EVs that compete with gas car prices.
The company is responding to industry pressures and regulatory changes affecting the EV market.
Ford intends to use a new vehicle platform to build various models efficiently.
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Motorists have been warned about scammers pretending to offer compensation related to unlawful car finance deals. The Financial Conduct Authority (FCA) plans to set up a real compensation scheme for affected drivers, but scammers are using this as an opportunity to trick people into giving personal details. The FCA advises people to be cautious and report any fraudulent calls.
Key Facts
The Financial Conduct Authority (FCA) is planning a compensation scheme for unlawful car finance deals.
A Supreme Court ruling recently clarified some aspects of car finance commissions.
Scammers are calling people, pretending to offer compensation, and asking for personal details.
The FCA states no official compensation scheme is in place yet.
People should hang up if they receive suspicious calls and avoid sharing personal information.
The FCA encourages reporting scam calls or texts to the communications regulator, Ofcom.
Motorists are advised not to use claims management companies, which could take up to 30% of any compensation.
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Interest in buying made-in-America products is declining among U.S. consumers, according to a study. The research shows that the likelihood of Americans buying U.S.-made products again has dropped from 60% in 2022 to 50% in 2025. This trend reflects a shift towards prioritizing affordability over product origin.
Key Facts
A study shows U.S. interest in American-made products is decreasing.
In 2025, 50% of Americans would buy a liked product again due to its U.S. origin, down from 60% in 2022.
Loyalty to products from countries like Japan, the U.K., Mexico, and China also decreased.
"Country-of-origin cues" still matter but are less influential now.
U.S. consumers associate "made in" labels with higher prices due to domestic production costs and tariffs.
Consumers prioritize value and affordability over domestic manufacturing loyalty.
Loyalty dropped significantly among those 55 and older, but slightly rose among those under 35.
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Norway's $2 trillion sovereign wealth fund is ending contracts with asset managers overseeing its Israeli investments and has sold off parts of its holdings in Israeli companies. This decision followed a review sparked by reports that the fund had invested in firms supplying Israel's military during the conflict in Gaza. The fund's management stated their actions were necessary due to the ongoing humanitarian crisis in Gaza.
Key Facts
Norway's sovereign wealth fund manages $2 trillion and is the largest in the world.
The fund divested from 11 out of 61 Israeli companies it was invested in as of June 30.
The fund decided to sell these stakes because of concerns over the humanitarian situation in Gaza.
The fund regularly monitors company activities in conflict zones and considers human rights.
The decision followed media reports about the fund's stake in an Israeli jet engine firm linked to military activities.
Norway's largest pension fund also cut ties with companies doing business with Israel earlier in the year.
Norway’s move follows pressure on European financial firms to reduce business with Israeli companies amid the Gaza conflict.
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The U.S. will receive 15% of Nvidia's revenue from selling its H20 chips in China, according to President Trump. Nvidia's CEO asked for eased export restrictions, which led to this agreement. Nvidia has not confirmed the details of the 15% revenue share.
Key Facts
The U.S. will take a 15% cut of Nvidia's revenue from H20 chip sales in China.
Nvidia's H20 chip is used in developing artificial intelligence and is designed to meet U.S. export controls.
It is unclear under what authority this payment agreement is being made.
Nvidia did not officially confirm the 15% revenue share.
Reports suggest AMD might also have a similar agreement with the U.S. for its MI308 chip sales to China.
The agreement is part of ongoing changes in U.S. policies regarding export controls to China.
Trump previously restricted high-end chip exports to China but has now allowed the sale of Nvidia's H20 chips.
Security concerns over Nvidia chips were raised by Chinese regulators, but Nvidia stated that its chips have no security vulnerabilities.
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The White House has been announcing tariffs without detailed explanations, causing confusion in markets. These announcements are frequently followed by key clarifications or revisions days later. This uncertainty has affected investors and international trade relations.
Key Facts
The White House announces tariffs with limited details, creating confusion.
Investors and countries involved scramble to understand the impact.
Japan was unclear about its tariff treatment compared to the European Union.
U.S. gold prices rose after initial confusion about tariffs on Swiss gold.
Clarifications often follow initial announcements to calm markets.
Tariffs impact on copper and non-U.S. tech chips created market volatility.
Ongoing court cases may affect the president’s ability to use emergency powers for tariffs.
Market reactions depend on these announcements and subsequent clarifications.
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The White House has been announcing new tariffs without much detail, leading to confusion and market instability. These announcements are often later clarified, impacting different sectors like metals and technology. Ongoing court cases may also affect how these tariffs are applied in the future.
Key Facts
The White House announced new tariffs but provided few details, causing confusion in markets.
Investors and officials often receive clarity days after the initial announcements.
Taro Kono from Japan criticized the lack of clarity from the U.S. regarding tariffs.
Japan faced uncertainty about a 15% tariff due to confusion with a European Union agreement.
A report on Swiss gold bars tariffs caused U.S. gold prices to reach a record high.
Clarifications from the White House helped ease market reactions.
Copper prices dropped significantly due to confusion about tariff exemptions.
Two court cases could influence how President Trump uses emergency powers to impose tariffs in the future.
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The founder of the UK's biggest toy chain, The Entertainer, is giving full ownership of the company to its 1,900 workers through an employee trust. The owner, Gary Grant, is transferring his 100% share of the business to ensure employees have a share in profits and decision-making. This move follows careful planning to maintain the company's values and legacy.
Key Facts
The Entertainer is the largest toy store chain in the UK with 160 shops.
Gary Grant, who started the business in 1981, is transferring full ownership to an employee trust.
The company employs 1,900 people who will now have a say in how it's run and share in the profits.
Gary Grant and his family will receive financial compensation from the business's future profits for their shares.
The Entertainer made £6.7 million in pre-tax profits for the year ending in January 2024.
The company maintains a Christian ethos, donating 10% of annual profits to charity and staying closed on Sundays.
Nearly 400 employees have worked at The Entertainer for over 10 years, with about 50 having more than 20 years of service.
The transfer is set to complete next month with Andrew Murphy, an external appointee, to lead the company.
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Nvidia and AMD have reportedly agreed to give the U.S. government 15% of their revenues from certain chip sales in China. This deal is part of an arrangement to get export licenses for their products, and has been linked to the Trump administration's decision to reverse a ban on Nvidia’s chip sales to China.
Key Facts
Nvidia and AMD will pay the U.S. government 15% of revenues from specific chip sales in China.
The agreement is reportedly part of securing export licenses for their products.
The decision came after a previous ban on Nvidia’s chip exports to China was lifted.
Various major news outlets, including The Financial Times, have confirmed the reports.
Nvidia and AMD have not publicly confirmed the specifics of the deal.
There are no known precedents for this type of agreement between companies and the U.S. government.
Some trade experts have expressed concerns about the implications of linking export controls and payments.
Former U.S. trade officials have raised concerns about the legality and security implications of such a deal.
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Pieter Engelbrecht, the CEO of Shoprite, is interviewed by Jewel Kiriungi. In the interview, he discusses the company's role in supporting people and helping them meet their basic needs.
Key Facts
Pieter Engelbrecht is the CEO of Shoprite, a large retail company in South Africa.
Engelbrecht discusses Shoprite's purpose to help people survive and meet their basic needs.
The interview lasts 23 minutes.
The interview is available on BBC Sounds.
The interview was released on August 11, 2025.
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Revenue from tariffs introduced by Trump's administration is significantly increasing, contributing tens of billions to federal income. However, this revenue is still a small part of the overall federal income, mainly coming from tariffs paid by U.S. businesses and consumers. While tariffs have grown under Trump's policies, they cannot replace income taxes or significantly reduce the national debt.
Key Facts
In August 2025, the U.S. Treasury collected over $29 billion from customs and excise taxes, mostly from tariffs.
In 2024, total customs and excise revenue was $98 billion.
Tariffs accounted for 2.7% of federal revenues in fiscal year 2025, which may increase if tariffs remain.
Historically, tariffs have made up less than 2% of federal revenues.
Trump's tariffs are part of efforts to pay down the national debt, which is nearly $37 trillion.
Tariff revenue, even if it grows, is not expected to cover the $3.4 trillion cost of a recent GOP megabill.
The Trump administration is considering new tariffs on items like semiconductors and airplanes.
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A new Universal theme park planned near Bedford, England, is expected to bring thousands of new workers to the area, raising concerns about increased rents and housing availability. The charity Generation Rent warns that this influx may push current residents out due to rising property prices. The park is estimated to create 28,000 jobs and attract millions of visitors yearly, impacting the local economy and housing market.
Key Facts
Universal plans to build Europe's first theme park on the former Kempston Hardwick brickworks site.
Construction is slated to begin in 2026, with the park opening by 2031.
The park will create an estimated 28,000 jobs and aims to attract 8.5 million visitors annually by 2031.
As of June 2025, average private rent in Bedford was £1,125 per month, marking an 8.7% annual increase.
Generation Rent expresses concern that increased demand for housing may drive up rent, making it unaffordable for current residents.
The Renters' Rights Bill, expected by early 2026, aims to provide stronger legal protections for tenants.
Bedford Borough Council and the Ministry of Housing plan to monitor property market impacts and offer stronger tenant protections.
Property experts note both potential benefits and challenges in housing due to increased demand from park construction and tourism.
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Tesla has applied for a license to supply electricity to homes in the UK. If approved, Tesla could compete with major energy companies to provide power to households and businesses.
Key Facts
Tesla applied for a UK electricity supply license from Ofgem.
Approval could allow Tesla to supply power in the UK next year.
Tesla is known for electric cars and solar energy products.
Ofgem may take up to nine months to review the application.
Tesla already operates a power supplier in Texas.
Tesla has sold over 250,000 electric cars and many home batteries in the UK.
Recent months have seen a decline in Tesla's EV sales in Europe.
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Nvidia and AMD, two major chip-making companies, agreed to give 15% of their sales from China to the US government. This deal is part of their effort to get permission to sell their products in China, after facing restrictions due to security concerns.
Key Facts
Nvidia and AMD are required to pay the US government 15% of their sales revenue from China.
The payment is tied to securing export licenses for selling semiconductors in China.
The specific chips involved are Nvidia's H20 and AMD's MI308 chips.
The US previously banned the sale of Nvidia's H20 chips to China due to security concerns.
Nvidia's CEO Jensen Huang has been actively working to resume sales in China.
The Biden administration enforced export restrictions in 2023, impacting chip sales.
This arrangement allows sales to continue amid previous bans by the Trump administration.
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The UK government announced plans to make it easier for NHS employers in England to hire newly-qualified nurses and midwives by simplifying hiring regulations. This comes as there are significantly more nursing and midwifery graduates than available jobs. The government intends to address concerns about job availability and provide support for new graduates as they begin their careers in healthcare.
Key Facts
The UK government aims to simplify hiring rules for NHS employers to recruit new nurses and midwives more easily.
There are three times more graduates than job vacancies in some NHS areas.
Currently, there are 4,000 more nursing and midwifery graduates than available positions.
Some support worker posts may be temporarily converted to midwifery roles to open up new opportunities.
Health Secretary Wes Streeting stated the goal is to ensure new graduates can find jobs and help reduce patient waiting lists.
Critics have raised concerns about funding and the effectiveness of these measures.
Discussions about pay issues continue, with the Royal College of Nursing and other unions calling for talks with the government.
Future strike action by nursing staff is possible if pay concerns are not addressed.
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New college graduates are entering a tough job market, where it's hard to find entry-level jobs. Experts discussed why this is happening and gave advice to new job seekers.
Key Facts
Many new college graduates are struggling to find entry-level jobs.
This job market is reportedly the toughest seen in the past ten years for new grads.
PBS News conducted interviews with recent graduates about their job search experiences.
Christine Cruzvergara from Handshake provided insights into the current job market conditions.
Advice was given to new job seekers on how to navigate the challenging job market.
The discussions aim to help new graduates understand and tackle the difficulties they face in finding jobs.
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President Trump suggested the possibility of combining mortgage companies Fannie Mae and Freddie Mac to form a new entity called "The Great American Mortgage Corporation," which might be publicly listed as "MAGA." This comes soon after the U.S. government announced plans to begin selling its stakes in these companies. The suggestion also involves potentially raising significant funds through a public stock offering.
Key Facts
The U.S. government confirmed plans to sell its stakes in Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac are important to the mortgage market and were placed under government control in 2008.
Trump suggested the possibility of combining these companies to form a new entity called "The Great American Mortgage Corporation" with the ticker "MAGA."
An artificial image was shared by Trump showing a future listing event for this new entity.
The White House has not commented on how this new entity would be structured or supported.
Investors are interested in details about this potential offering and its government backing.
The U.S. government must decide on concrete actions soon for this to happen by November.
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US designer Willy Chavarria apologized after his shoe design with Adidas was criticized for cultural appropriation. The design, inspired by traditional Mexican huaraches, was made in China without involving the original Indigenous artisans. Adidas is discussing possible restitution with Mexican officials.
Key Facts
Willy Chavarria designed a shoe in partnership with Adidas, criticized for cultural appropriation.
The shoe design was inspired by traditional Mexican sandals called huaraches.
The design process reportedly did not involve Mexican artisans or give them credit.
Mexico's President and Deputy Culture Minister responded to the issue.
Adidas and Chavarria have removed promotional images from social media.
Adidas is in talks with Mexican officials about possible restitution.
Chavarria expressed regret for not collaborating with the Oaxacan community.
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The consulting industry is facing challenges due to changes in government contracts and the rise of Artificial Intelligence (AI). These factors are prompting consulting firms to adjust their business models and may lead to reduced demand. AI changes how consulting work is performed, impacting firms that traditionally charged by the hour.
Key Facts
The consulting industry boomed after the pandemic but is now facing difficulties.
President Trump's administration is cutting consulting contracts, affecting revenue for firms like Deloitte and Booz Allen.
AI is making consulting work more efficient but reduces the need for traditional hourly billing.
Firms are changing their billing to be based on projects instead of hours.
AI adoption is easier, leading companies to seek help from tech firms instead of consulting firms.
McKinsey has laid off over 10% of its staff, one of its biggest reductions.
Palantir and other tech companies are entering the consulting space, impacting traditional firms.
Despite challenges, top consulting firms may still find clients needing help with AI transformation.
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