KUALA LUMPUR, Malaysia — Malaysia’s Top Glove Corp., the world’s largest rubber glove maker, said Wednesday it hopes to swiftly end a U.S. ban on its products due to allegations of forced labor after one of its shipment was seized at a U.S. port. U.S. Customs and Border Protection said Tuesday it had seized a shipment of 3.97 million nitrile […]

Peloton announced Wednesday voluntary recalls of both its Tread+ and Tread treadmill machines over safety concerns. The company is advising customers who already have the products to immediately stop using it and contact Peloton for a full refund. CEO John Foley apologized for not cooperating with the U.S. Consumer Product Safety Commission sooner. In a major reversal, Peloton announced Wednesday […]

China plans to upgrade an airstrip and bridge on a coral atoll strategically located midway between Asia and the Americas. A build-up there would offer China a foothold in territory that has been firmly aligned with the US and its allies since World War II. See more stories on Insider’s business page. SYDNEY (Reuters) – China has drawn up plans […]

Flamin' Hot Cheetos were invented by a janitor at a Frito-Lays plant who, after noticing that the company didn't have any spicy flavors, called the CEO and pitched the idea. Amazon Web Services was invented by a network engineer after his manager asked him to find ways to scale up Amazon's infrastructure more efficiently. The duo pitched the idea of […]

The World Health Organization is to open a "Global Hub for Pandemic and Epidemic Intelligence" in Germany. WHO says the center will focus on gathering data to predict and prevent future pandemics. The new global hub for pandemic and epidemic intelligence, data, surveillance and analytics will be based in Berlin. The World Health Organization has announced plans for a "Global […]

 Rumors are circulating about PayPal forging a partnership to develop its own stablecoin. If true, it could usher in a new wave of crypto innovation. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client. PayPal may be considering extending its cryptocurrency offerings to include its own stablecoins, according […]

Penn Wharton Budget Model predicted Biden’s infrastructure plan will cost $2.5 trillion over 10 years. It also said the plan will raise $1.3 trillion in tax revenue and increase government debt by 5% in 2050. GOP lawmakers introduced a $568 billion counter-proposal, which Democrats called “a slap in the face.” See more stories on Insider’s business page. President Joe Biden […]

Ford plans to offer a new lineup of off-road-capable vehicles under the name Timberline, starting this summer with its Explorer SUV. The 2021 Explorer Timberline, which the company unveiled Wednesday, features an updated exterior design, increased ground clearance and other off-road features. The Explorer Timberland will start at $45,765, according to Ford. In this article F DETROIT – Ford Motor […]