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Business news, market updates, and economic developments
France will relax strict rules on cheese production for several traditional cheeses because drought and heatwaves have damaged grazing lands. This change allows farmers to feed their cows and sheep with more imported feed to keep producing cheese during the tough weather.
Key Facts
France’s government will temporarily ease grazing rules for cheeses like comté, beaufort, and abondance due to drought damage.
These cheeses carry the AOP label, which normally requires strict rules on where animals graze and what they eat.
The drought affected 95% of mainland France in July, drying out pastures and reducing grass growth by about two-thirds compared to usual averages.
Other cheese producers, including those of reblochon, cantal, bleu d’Auvergne, and fourme d’Ambert, may also get temporary relief on production rules.
About 70% of salers cheese producers had to stop production over summer because of the drought.
Roquefort cheese makers have requested eased rules for grazing sheep after pastures were scorched.
The agriculture ministry reported a severely worsened feed situation almost everywhere in France.
The agriculture minister plans crisis talks and emergency help for farmers affected by the drought.
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Qantas reported its lowest pre-tax profit in four years, at $2.06 billion, mainly because rising jet fuel costs from the US-Iran conflict increased expenses by $610 million. The airline plans to retire its Airbus A380 planes and introduce new aircraft while making changes to its ticket policies, such as charging for carry-on luggage on Jetstar flights.
Key Facts
Qantas’ pre-tax profit dropped to $2.06 billion, the lowest in four years.
Increased fuel costs from the US-Iran conflict added $610 million to expenses.
The airline will phase out Airbus A380 aircraft and add new planes to its fleet.
International flight earnings fell due to higher fuel expenses but revenue grew 8% from more flight capacity.
Jetstar expanded its international flights by 11%, with a 14% revenue increase.
Domestic combined earnings from Qantas and Jetstar reached $1.44 billion.
Jetstar will start charging for carry-on luggage next year, with basic tickets including only one small bag.
Qantas’ loyalty program earnings grew 12% to $625 million, with a 6% increase in active members.
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A large data center project called Project Jupiter is being built in New Mexico. Local farmers and residents are worried about how it might affect their health, electricity bills, and jobs.
Key Facts
Project Jupiter is a very large data center in New Mexico.
Farmers and nearby residents have concerns about health risks from the facility.
People worry the data center will increase local electricity bills due to its high power use.
There are fears the project could impact farming jobs or soil quality.
Some community members have hopes the center could bring new jobs.
CBS News reporter Riley Callanan visited the area to report on local views.
The data center is described as a "hyperscale" facility, meaning it uses a lot of power and technology to store online data.
The story was covered by CBS News and is available in the CBS News App.
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Nvidia reported its latest quarterly earnings, showing that its revenue and profits more than doubled compared to previous results. The company exceeded the expectations set by financial analysts on Wall Street.
Key Facts
Nvidia's revenue more than doubled in the latest quarter.
Profits also increased by more than 100% in the same period.
The earnings report surpassed Wall Street's predictions.
Nvidia is known for its work in artificial intelligence technology.
The strong financial performance highlights growing demand for Nvidia's products.
The report was covered by CBS News with insights from a Wall Street Journal tech reporter.
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Dick’s Sporting Goods and its subsidiary Golf Galaxy have stopped selling merchandise from Good Good Golf after a video showed a man pushing a woman over a golf club, which caused public criticism. As a result, a Golf Channel show linked to Good Good Golf was also postponed because of sponsor concerns.
Key Facts
A video by Good Good Golf showed a man shoving a woman to the ground over a golf club.
The video led to backlash and was removed from official channels but still circulated on social media.
Dick’s Sporting Goods and Golf Galaxy removed Good Good Golf’s products from their stores.
Golf Channel delayed the start of a reality show connected to Good Good Golf.
Good Good Golf issued an apology stating their goal is to make golf more inclusive.
Good Good Golf is the title sponsor of a new PGA Tour event this fall.
The controversy involved a Callaway driver product being advertised by Good Good Golf.
The decision to stop selling the products came after a sponsor reportedly withdrew from the Golf Channel show.
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Meta, the company that owns Facebook and Instagram, has agreed to pay billions of dollars and make changes to improve safety. This settlement resolves claims that its social media platforms caused harm to children in the United States.
Key Facts
Meta owns Facebook and Instagram.
Meta has settled a legal case related to social media harming children.
The company will pay billions of dollars as part of the settlement.
Meta will put new safety measures in place on its platforms.
The case involved claims from American families and regulators.
The settlement aims to reduce harm to kids using social media.
This agreement ends the legal dispute without a trial.
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Canada has imposed tariffs on some U.S. goods in response to trade actions by the United States. This affects several U.S. states, especially those that export a lot to Canada. The tariffs are part of ongoing trade disagreements between the two countries under President Donald Trump's administration.
Key Facts
Canada is the largest buyer of exports from 27 U.S. states.
Canada has introduced retaliatory tariffs on certain U.S. products.
These tariffs come as a response to trade measures taken by the U.S. government.
The tariffs will impact states that depend heavily on exports to Canada.
This trade conflict is part of a broader "trade war" involving President Trump’s policies.
The tariffs could affect industries and workers in the most impacted states.
The news was reported by CBS News journalist Megan Cerullo.
The situation may influence U.S.-Canada trade relations and economic conditions in affected states.
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Meta has agreed to pay $17 billion to settle a lawsuit that claimed its social media platforms cause addiction in children and teenagers. Meta is not admitting it did anything wrong but has added new safety measures to its platforms.
Key Facts
Meta will pay $17 billion to settle a legal claim about social media addiction.
The lawsuit focused on addiction in kids and teens using Meta's platforms.
Meta does not admit to any wrongdoing as part of the settlement.
The company has introduced new safety features on its platforms.
The settlement resolves the claims without a trial.
Media coverage includes analysis by reporter Katelyn Chedraoui.
The news was featured on CBS News and other outlets.
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The US Food and Drug Administration (FDA) approved a new drug called Rasonque to treat advanced pancreatic cancer. The drug, made by Revolution Medicines, is a daily pill that was shown to double survival rates in patients with metastatic pancreatic cancer.
Key Facts
Rasonque is approved for patients with metastatic pancreatic cancer who have had prior treatment or can't use combination chemotherapy.
The pill works by blocking several forms of the RAS protein, which promotes tumor growth in many pancreatic cancers.
A large clinical trial showed that Rasonque doubled survival rates for advanced pancreatic cancer patients.
The drug costs $39,800 for a 30-day supply in the United States.
The FDA used an expedited review process to approve Rasonque faster than usual, reducing the timeline to a few months.
The drug was available earlier via the FDA’s compassionate use program for patients with serious conditions.
Investor interest in Revolution Medicines increased, with the company's stock rising 166% this year.
Analysts predict that Rasonque could generate billions of dollars in global sales and significantly impact pancreatic cancer treatment.
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Experts offer advice on how to make a rented home feel more personal and cozy without spending much money or making permanent changes. They suggest checking the rental agreement first, using removable decorations, improving lighting, and adding personal touches like plants and vintage items.
Key Facts
Check your rental agreement before making any permanent changes to avoid problems with your landlord.
Plan carefully: measure spaces and buy all needed materials before starting projects.
Use temporary, renter-friendly products such as stick-on tiles, suction storage, and removable artwork.
Artwork can quickly make a rental feel more finished and personal; use command strips to avoid wall damage.
Change harsh overhead lights to warmer, layered lighting with lamps and battery-powered options to create a cozy atmosphere.
Add soft furnishings like curtains and cushions to enhance comfort and style.
Personalize your space with books, photos, plants, and vintage furniture to reflect your personality.
Avoid cheap flatpack furniture and look for unique, characterful pieces from markets or online.
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Employers are looking for six key skills that are as important as qualifications when hiring and keeping workers. These skills include communication, teamwork, problem-solving, organisation, decision-making, and the ability to stay calm under pressure. A study by the National Foundation for Educational Research shows these skills will be vital for jobs over the next decade, especially as automation may remove many low- to mid-level jobs.
Key Facts
The National Foundation for Educational Research (NFER) studied six essential skills for workers over five years.
Up to three million low- to mid-level jobs could disappear by 2035 due to AI and automation.
Communication and the ability to build positive relationships are highly valued by employers.
Employers want workers who can organise, plan, prioritise tasks, and stay calm in busy environments.
Trial work shifts help businesses see how applicants handle real job situations.
Problem-solving and decision-making skills help workers react quickly and effectively to new challenges.
Experiences outside work, like school projects or hobbies, can show these important skills.
Being confident, showing initiative, and managing conflicts are important parts of succeeding at work.
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The Scottish Highlands are seeing more visitors because people want to escape hot summers elsewhere in Europe. Northern European countries, including Scotland, are becoming popular holiday spots due to their cooler weather during summer months.
Key Facts
Visitors to northern Europe increased by 10% from April to June compared to the previous year.
Scotland, along with Denmark, Finland, Iceland, Ireland, Norway, and Sweden, is part of the northern Europe region gaining more tourists.
Searches for cooler holiday destinations rose by 74% early this year, according to travel agency Trip.com.
Awaze holiday rentals reported a threefold increase in "escape the heat" searches and a fourfold rise in "coolcation" searches.
Scottish holiday rental website Cottages.com said its listings in Scotland were the most viewed this summer.
Visitor numbers at National Trust for Scotland sites in Glencoe increased by 8% over last year.
Scotland has changed its tourism promotion from emphasizing ruggedness to focusing on its temperate climate.
Other northern European cities like The Hague are also becoming popular "coolcation" spots due to heatwaves in southern Europe.
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Plug-in solar panels will soon be available in UK stores after the government changed rules to allow their sale. These panels are cheaper and easier to install than traditional roof solar panels, helping households save money and reduce use of foreign fuel.
Key Facts
Plug-in solar panels do not require a professional electrician to install.
Retailers like Argos will start selling these panels from Thursday.
A single panel kit costs about £699; two panels cost £1,089, with expected price drops later.
Households can save around £70 to £110 per year on energy bills using these panels.
The panels produce power limited to 800 watts, enough for low-energy appliances like fridges.
They do not qualify for the UK’s Microgeneration Certification Scheme or Smart Export Guarantee.
Each panel includes a microinverter that stops electricity flow quickly if there is a power cut.
Buyers should check that panels meet the G98 safety standard and buy from reputable retailers.
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Dolly Parton built a large fortune not only through her music and acting but also by running several businesses, including a theme park and a cosmetics line. She invested wisely, kept control over her music rights, and used her earnings to support charitable causes.
Key Facts
Parton turned down Elvis Presley’s manager’s demand for half the rights to her song "I Will Always Love You" in 1974.
Whitney Houston’s 1992 cover of that song sold over 20 million copies, earning Parton more than $10 million in royalties.
She grew up poor and learned business lessons early from her father, starting her own publishing company to keep rights to her songs.
Parton co-founded Sandollar Productions in 1985, which helped create the TV show Buffy The Vampire Slayer.
She bought into Dollywood, a theme park in Tennessee, in 1986, increasing visitor numbers significantly.
In 2015, she opened the DreamMore Resort hotel and spa near Dollywood.
Parton launched Dolly Beauty cosmetics in 2025 and a travel stop with a coffee brand in 2024.
She donated millions to charity, including child literacy, wildfire relief, and Covid-19 research, earning the Carnegie Medal of Philanthropy in 2022.
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Meta agreed to pay $17 billion to settle legal claims from many U.S. states. The states said Meta made social media platforms that were addictive and harmed teen mental health.
Key Facts
Meta is a big social media company known for platforms like Facebook and Instagram.
Dozens of U.S. states took legal action against Meta.
The lawsuit claimed Meta designed its platforms to be addictive.
The addictive design reportedly harmed the mental health of teenagers.
Meta agreed to a $17 billion settlement to resolve these claims.
This settlement is a major legal and financial event for Meta.
The outcome could affect how social media companies design their platforms in the future.
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Target removed a children's Halloween costume after people criticized it for resembling racist minstrel show imagery. The company apologized and said it is reviewing how the costume was approved to prevent future mistakes. This incident occurred as Target is recovering financially and making changes in leadership and store operations.
Key Facts
Target pulled a Halloween clown costume that many said looked like racist minstrel show characters.
The costume featured gloves, a top hat, and a mask with large teeth, which critics linked to harmful stereotypes.
Target apologized, calling the costume offensive and pledging to learn from the mistake.
The retailer ended a diversity and inclusion program in January 2025 and replaced it with a "Belonging" strategy.
Activists have called for Target boycotts, which led to significant drops in the company’s stock value last year.
Target’s stock has risen about 63% in 2025 as the company focuses on store upgrades, better staffing, and pricing strategies.
New CEO Michael Fiddelke is leading Target’s turnaround, including plans to open new stores and remodel many locations.
Retail experts say mistakes in merchandise selection can happen even to large companies, but quick response is important.
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The Maine Lobstermen’s Association warned that the growing trade fight between the U.S. and Canada could hurt the lobster industry. Canada decided to add a 25% tax on American lobster in response to new taxes set by President Donald Trump’s administration.
Key Facts
Canada plans to place a 25% tariff (extra tax) on American lobsters.
This tariff is a response to new U.S. tariffs introduced by President Trump’s administration.
The Maine Lobstermen’s Association expressed concern about the negative impact on their industry.
Both Maine (U.S.) and Canada have important lobster industries involved in this trade conflict.
The trade dispute is causing uncertainty for lobstermen in Maine.
The term “collateral damage” means an unintended harmful effect on the lobster business caused by the tariff fight.
Tariffs are taxes on imported goods used to protect local industries or respond to trade actions.
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A woman named Fiona bought a horse from seller Tasha Lee Hopkins through Facebook, which later injured Fiona’s daughter seriously. Several women have told the BBC they were sold horses by Hopkins that were unsafe or had health problems not disclosed at the time of sale.
Key Facts
Fiona’s 13-year-old daughter was kicked in the head by a horse bought six weeks earlier from Hopkins.
The horse was advertised as safe and suitable for teenagers but was not properly trained.
Fiona’s daughter suffered a concussion and had to recover for about two weeks.
Hopkins sold horses through a Facebook group called CT Sports Horses, promising six-month warranties.
Five women claimed they were mis-sold horses by Hopkins in the last seven years.
One buyer was sold a horse with an undisclosed broken back.
Another buyer purchased a horse with severe arthritis that had previously been advised to be euthanized by a vet.
There are no official rules regulating horse sales, so buyers and sellers must be careful.
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Plug-in solar panels will be sold in the UK for the first time, allowing people without roof access to generate their own electricity. These small solar systems can be plugged into a wall socket to help reduce electricity bills by producing renewable energy at home.
Key Facts
Plug-in solar panels, also called balcony solar panels, will go on sale in the UK starting this week.
They are designed for people who live in flats or rented homes without access to a roof.
Argos is the first retailer to sell these systems, with Amazon, Currys, B&Q, and Screwfix following soon.
Prices for the solar panels will start at around £400 to £500 depending on size.
The systems produce about 800 watts, much smaller than typical rooftop solar setups, and can save up to £110 a year on electricity.
The solar panels plug into a standard wall socket and power household appliances directly, reducing the need to buy electricity from the grid.
Each system must be registered to help monitor the overall impact on the national energy system.
Use and savings depend on the panel’s placement, weather, and household electricity use patterns; batteries are not included with these panels.
Some homes may need planning permission or landlord approval before installing these panels.
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Nvidia reported revenue of $96.2 billion and net income of $59.7 billion, surpassing expectations for its latest quarter. The company expects to earn $108 billion in its next quarter, marking the first time it could exceed $100 billion in revenue.
Key Facts
Nvidia’s revenue more than doubled compared to the same period last year.
Net income increased by 126% to $59.7 billion.
Revenue from data centers rose 117% to $89 billion, the largest part of sales.
Nvidia’s next quarter revenue forecast is $108 billion, plus or minus 2%.
The company’s stock fell slightly after the earnings report despite strong results.
Nvidia is investing in AI infrastructure and supporting OpenAI data centers.
CEO Jensen Huang says many AI labs and startups are growing at the same time.
Nvidia’s stock is still up 11% for the year despite recent losses.
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