November 8, 2026

Business News

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Bangladesh Agrees to Raise Minimum Wage for Garment Workers After Protests

After weeks of coordinated protests that shut down hundreds of factories, Bangladesh has announced a phased increase in the garment sector’s minimum wage—from 8,000 to 12,000 taka per month—aiming to address rising living costs, curb reputational risk for Western brands, and balance the sector’s profitability with workers’ welfare.

3M agrees to $7B settlement over ‘forever chemical’ groundwater contamination claims

3M has agreed to a landmark $7 billion settlement to resolve more than 5,000 lawsuits alleging its PFAS‑based firefighting foam polluted groundwater in 31 states. The deal creates a multi‑billion‑dollar trust for site cleanup, well replacements, health monitoring, and research into safer fire‑suppression alternatives, while the company pledges to halt production of certain PFAS foams by 2025.

The AI Gold Rush: Could Massive Investments in Artificial Intelligence Trigger the Next Global Financial Crisis AI News Breaking Editorial Analysis

The global AI boom is driving massive investments in chips, data centres and cloud infrastructure. But rising debt, ambitious profit expectations and market concentration raise questions about whether the industry could trigger wider financial instability.

Utah sues Kalshi over alleged illegal gambling.

Utah has taken legal action against Kalshi, a Chicago‑based prediction‑market platform, accusing it of illegal gambling. A federal judge denied Kalshi’s request to block Utah’s enforcement, clearing the way for criminal charges. The case pits state anti‑gambling statutes against federal commodity‑trading oversight, potentially setting a nationwide precedent for how prediction markets are regulated.