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Today: December 22, 2024
Today: December 22, 2024

Business

Business|Finance|Technology

23andMe CEO Wojcicki no longer open to third-party takeover proposals, filing shows

Genetic testing firm 23andMe Chief Executive Officer Anne Wojcicki would no longer be open to considering third-party takeover proposals for the company, a regulatory filing showed on

23andMe CEO Wojcicki no longer open to third-party takeover proposals, filing shows
Business|News|Technology

Brazilian planemaker Embraer targets defense jet sales in Mexico visit

Brazilian planemaker Embraer views Mexico as a prime market for its Super Tucano and C-390 defense aircraft, the company's head said on Monday.

Brazilian planemaker Embraer targets defense jet sales in Mexico visit
Business|Finance

PepsiCo in talks to buy Siete Foods for over $1 billion, WSJ reports

PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for more than $1 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.

PepsiCo in talks to buy Siete Foods for over $1 billion, WSJ reports
Business|Finance|Stock Markets|US

Texas Stock Exchange moves closer to launch with leadership team, board

The Texas Stock Exchange announced a board of directors on Monday in its latest step toward building a national exchange to rival long-established

Texas Stock Exchange moves closer to launch with leadership team, board
Business|Technology

If your AI seems smarter​, it's thanks to smarter human trainers

In the early years, getting AI models like ChatGPT or its rival Cohere to spit out human-like responses required vast teams of

If your AI seems smarter​, it's thanks to smarter human trainers
Business|Economy|News

Argentina's Milei plans to privatize state airline by decree

Argentina's President Javier Milei intends to sign a decree next week aimed at the privatization of flag carrier Aerolineas Argentinas, said presidential spokesman Manuel Adorni.

Argentina's Milei plans to privatize state airline by decree
Business|Health|Technology

Sima Sistani, who embraced Ozempic, is out as CEO of WeightWatchers

Sima Sistani, who embraced Ozempic, is out as CEO of WeightWatchers

Sima Sistani, who embraced Ozempic, is out as CEO of WeightWatchers
Business|Economy|Finance|World

French tycoon gains $17 billion from China’s economic stimulus push

French tycoon gains $17 billion from China’s economic stimulus push

French tycoon gains $17 billion from China’s economic stimulus push
Business|Europe|Finance|Stock Markets

LVMH deal spurs rally in Moncler, speculation about luxury sector M&A

Shares in Moncler rose sharply on Friday after French rival LVMH invested in the Italian outerwear specialist, fuelling speculation about the

LVMH deal spurs rally in Moncler, speculation about luxury sector M&A
Business|Economy|News

China's industrial profits suffer biggest slump this year, adds to economic woes

China's industrial profits swung back to a sharp contraction in August for their biggest decline this year, official data showed on Friday, adding to a recent spate of bleak

China's industrial profits suffer biggest slump this year, adds to economic woes
Business|Celebrity|Election|Entertainment|Fashion and Beauty|Finance|Lifestyle|US

Trump hawks $100,000 watches as he leverages his candidacy for profit

Trump hawks $100,000 watches as he leverages his candidacy for profit

Trump hawks $100,000 watches as he leverages his candidacy for profit
Business|Entertainment|Lifestyle|US

Trump launches a new business venture during his campaign: $100,000 watches

He has sold Bibles, sneakers, photo books and cryptocurrency during his third campaign for president

Trump launches a new business venture during his campaign: $100,000 watches
Business|Technology

OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders

OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
Business|Economy|Europe|Technology

Slow Airbus deliveries raise fresh questions over annual target

Airbus deliveries are closing September at a slower pace than a year ago, raising increased questions over the European planemaker's ability to hit a revised annual

Slow Airbus deliveries raise fresh questions over annual target
Australia|Business|Economy|Finance

Australia regulator reviews claims of Woolworths and Coles 'land banking'

Australia's two dominant grocery chains have declared interests in more than 150 unrealised development sites, the antitrust regulator said, adding it was investigating

Australia regulator reviews claims of Woolworths and Coles 'land banking'
News|Opinion

How the US government can stop ‘churches’ from getting treated like real churches by the IRS

New developments, including the increasing diversity of faith communities and the advent of worship through streamed services, have rendered the IRS definition of a church outdated.

How the US government can stop ‘churches’ from getting treated like real churches by the IRS
Business|Europe|Finance|News

Sanctioned Russian billionaire Guryev defeats London lawsuit over Phosagro stake

Sanctioned Russian billionaire Andrey Guryev on Thursday defeated a lawsuit brought by a former friend seeking a significant stake in one of the world's biggest fertiliser producers

Sanctioned Russian billionaire Guryev defeats London lawsuit over Phosagro stake
Business|Finance|Stock Markets

IMF's $7 billion bailout sends Pakistan stocks to new peak

Pakistan's benchmark share index hit a life-time high in opening trade on Thursday, hours after the International Monetary Fund's board

IMF's $7 billion bailout sends Pakistan stocks to new peak
Business|Economy|Europe|Finance

H&M abandons 2024 margin target as costs hurt profit

H&M scrapped its margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, denting

H&M abandons 2024 margin target as costs hurt profit
Australia|Business|Finance

Australia's Star Entertainment posts multi-billion-dollar loss, weighs asset sales

Australia's No.2 casino operator, Star Entertainment, posted a second straight multi-billion-dollar annual loss as it wrote down the value of venues and

Australia's Star Entertainment posts multi-billion-dollar loss, weighs asset sales
News

US Senate votes to hold Steward Health CEO in criminal contempt

The U.S.

US Senate votes to hold Steward Health CEO in criminal contempt
Business

OpenAI to remove non-profit control and give Sam Altman equity, sources say

ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be

OpenAI to remove non-profit control and give Sam Altman equity, sources say
Business|Finance|Technology

PayPal to allow cryptocurrency buying, holding and selling for US merchants

PayPal Holdings announced on Wednesday it is enabling U.S. merchants to buy, hold and sell cryptocurrency from their business accounts.

PayPal to allow cryptocurrency buying, holding and selling for US merchants
Business|News|US

US urges freight railroads to guarantee paid sick leave for all

The Biden administration on Wednesday called on three major freight railroads to guarantee paid sick leave for all workers, saying 10,000 employees do not

US urges freight railroads to guarantee paid sick leave for all
Celebrity|Entertainment|Europe

Elon Musk says he is not having affair with Italy's Meloni after mutual praise at gala

Elon Musk said on Wednesday that he was not having an affair with Italian Prime Minister Giorgia Meloni, replying to a joke after their mutual praise at a black-tie event in New York

Elon Musk says he is not having affair with Italy's Meloni after mutual praise at gala
Business|Food

Coca-Cola Spiced is getting canceled after 7 months on the market

Coca-Cola Co. is discontinuing its newest “permanent” flavor a little more than seven months after putting the product on the market

Coca-Cola Spiced is getting canceled after 7 months on the market
Business|Crime|Finance|News|US

New York court is set to hear Donald Trump's appeal of his $489 million civil fraud verdict

A New York appeals court is set to hear arguments in former President Donald Trump’s fight to overturn a civil fraud judgment that could cost him close to half a billion dollars

New York court is set to hear Donald Trump's appeal of his $489 million civil fraud verdict
Asia|Business|Technology

Uber, Chinese self-driving tech startup announce partnership to launch robotaxis in UAE

Uber Technologies and WeRide announced a partnership on Wednesday to bring the Chinese self-driving technology firm's vehicles to the rideshare platform, starting in the United Arab

Uber, Chinese self-driving tech startup announce partnership to launch robotaxis in UAE
Business|Economy|Election|News|US

Harris is making a 'capitalist' pitch to boost the economy as Trump pushes deeper into populism

Vice President Kamala Harris is pledging to build an economy that is both pro-business and helps the middle class as she pushes back against Republican nominee Donald Trump’s claims that she’s advancing “communist” ideas

Harris is making a 'capitalist' pitch to boost the economy as Trump pushes deeper into populism
Business|News|US

Invitation Homes agrees to pay $48 million to settle claims it saddled tenants with hidden fees

The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission

Invitation Homes agrees to pay $48 million to settle claims it saddled tenants with hidden fees
Business|News

Boeing gives union more time to vote on an offer that's getting poor reviews from striking workers

Boeing is giving the union for 33,000 striking workers more time, but it still wants a vote on its latest contract proposal

Boeing gives union more time to vote on an offer that's getting poor reviews from striking workers
Business|Economy|Europe|News

Italy's automotive workers plan to strike on Oct. 18 over a fall in output at Stellantis

Italy's main metalworkers union says workers in the automotive sector will go on strike on Oct. 18 in protest of declining output from Stellantis, the biggest carmaker in the country

Italy's automotive workers plan to strike on Oct. 18 over a fall in output at Stellantis
Business|News

OceanGate asked workers to forego paychecks, former employees tell investigators probing Titan implosion

OceanGate asked workers to forego paychecks, former employees tell investigators probing Titan implosion

OceanGate asked workers to forego paychecks, former employees tell investigators probing Titan implosion
Asia|Business|Fashion and Beauty

China says it will investigate fashion firm PVH for suspected boycott of Xinjiang products

China's Commerce Ministry says it will investigate the fashion company PVH, which owns brands like Tommy Hilfiger and Calvin Klein, for suspected violations of trade rules

China says it will investigate fashion firm PVH for suspected boycott of Xinjiang products
Business|Finance|Health|US

JPMorgan unit backs Centivo's $75 million equity and debt raise

Healthcare firm Centivo on Tuesday said it has secured $75 million in equity and debt financing, backed by Cone Health Ventures and the largest U.S. bank JPMorgan Chase's

JPMorgan unit backs Centivo's $75 million equity and debt raise
Business|Entertainment|Europe|Fashion and Beauty

Italian designer Alberta Ferretti stepping down as creative director of her brand

Italian designer Alberta Ferretti is stepping down as creative director of her eponymous brand after 43 years, fashion group Aeffe said on Tuesday.

Italian designer Alberta Ferretti stepping down as creative director of her brand
Business|Economy|Finance|US

Levi Strauss warns of delay in reaching $10 billion revenue target, FT reports

Levi Strauss' target of hitting $9 billion to $10 billion in revenue by 2027 would be pushed back as rising costs of living hits Western consumers, even as the company expands store

Levi Strauss warns of delay in reaching $10 billion revenue target, FT reports
Asia|Business|Economy|News

Japan's Sept factory activity slips, PMI shows

Japan's factory activity eased in September due to softer production, although further expansion in the service sector supported overall business momentum, a survey showed on Tuesday

Japan's Sept factory activity slips, PMI shows
Business|Economy|Finance|Health|US

Novo says Ozempic to be eligible for US price negotiations in less than a year

Novo Nordisk's blockbuster diabetes drug Ozempic will be eligible for U.S. government's price negotiations in less than a year based on current criteria, the Danish drugmaker's CEO Lars

Novo says Ozempic to be eligible for US price negotiations in less than a year
Business|Stock Markets|US

Trump Media shares tumble to new low after insider selling curbs expire

-Shares of former U.S. President Donald Trump's media company tumbled 10% to a new low on Monday, extending recent losses after restrictions on insider selling expired.

Trump Media shares tumble to new low after insider selling curbs expire
Business|News|US

Attention Kmart shoppers: The last full-size Kmart in the mainland United States is closing

Attention Kmart shoppers: The last full-size Kmart in the mainland United States is closing

Attention Kmart shoppers: The last full-size Kmart in the mainland United States is closing
Business|Economy|Europe|Finance

Euro zone business activity unexpectedly contracts in September, PMI shows

Euro zone business activity contracted sharply and unexpectedly this month as the bloc's dominant services industry flatlined while a downturn in manufacturing

Euro zone business activity unexpectedly contracts in September, PMI shows
Asia|Business|Economy|Technology

SAIC Volkswagen says adjusting plant base "necessary"

SAIC Volkswagen, responding to reports it would close its Nanjing plant, said on Saturday that adjusting its production base was "normal and necessary", Chinese media outlet

SAIC Volkswagen says adjusting plant base "necessary"
Business|Finance|Technology|US

Elon Musk didn’t show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions

Elon Musk didn’t show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions

Elon Musk didn’t show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions
Asia|Business|Finance

China Minsheng Bank cut Beijing staff pay by up to 50% in austerity drive

China Minsheng Bank has cut pay by up to 50% for its Beijing branch employees, two people with direct knowledge of the matter said, in the biggest such move by a major commercial

China Minsheng Bank cut Beijing staff pay by up to 50% in austerity drive
Business|Europe|Technology

Tech giants push to dilute Europe's AI Act

The world's biggest technology companies have embarked on a final push to persuade the European Union to take a light-touch approach to regulating artificial

Tech giants push to dilute Europe's AI Act
Business|Economy|Finance|News

Russia discussing hefty hike in 'exit tax' for foreign firms, RBC reports

Russian authorities are discussing raising the one-off contribution that foreign companies leaving the country must make to the state budget to as high as 40% from 15%, the RBC

Russia discussing hefty hike in 'exit tax' for foreign firms, RBC reports
Europe|Finance|News|Stock Markets

Europe's STOXX 600 falls a day after Fed-fuelled rally

European shares slipped on Friday after a rally in the previous session spurred by the U.S.

Europe's STOXX 600 falls a day after Fed-fuelled rally
Business|Fashion and Beauty|Sports|US

Nike names Elliott Hill as CEO, replacing John Donahoe

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month

Nike names Elliott Hill as CEO, replacing John Donahoe
Business|Economy|News

Buc-ee's opening third location in Kentucky; Here's where it's going

Buc-ee's opening third location in Kentucky; Here's where it's going

Buc-ee's opening third location in Kentucky; Here's where it's going
Business|Economy|News|Opinion|US

Civil rights groups call on major corporations to stick with DEI programs

A broad group of civil rights organizations are calling on the CEOs and board members of major companies to maintain their commitments to diversity, equity and inclusion initiatives

Civil rights groups call on major corporations to stick with DEI programs
Business|Finance|US

Hershey Co lays off some workers this week

A spokesperson for Hershey said on Thursday the chocolate maker laid off a small number of its employees this week as part of organizational changes the

Hershey Co lays off some workers this week
Business

Nike is making a major shakeup

Nike is making a major shakeup

Nike is making a major shakeup
Business|News|Technology

23andMe directors resign as the CEO of the genetic-testing company seeks to take it private

All of 23andMe’s independent directors have resigned from its board in a rare move that marks the latest challenge for the genetic-testing company

23andMe directors resign as the CEO of the genetic-testing company seeks to take it private
News|US

Trump Media shares face potential sell-off as insider selling restrictions lift

While former U.S.

Trump Media shares face potential sell-off as insider selling restrictions lift
Economy|Finance|US

US home sales fell in August despite easing mortgage rates, more homes on the market

Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising

US home sales fell in August despite easing mortgage rates, more homes on the market
Business|Economy|Technology

Analog Devices, Tata Group in talks to make semiconductors in India

Analog Devices (ADI) and Indian salt-to-aviation conglomerate Tata Group have signed a pact to explore making semiconductor products in India, the U.S. chipmaker said on

Analog Devices, Tata Group in talks to make semiconductors in India
Business|Finance|US

Marriott CEO says company watching if slowdown in travel spending was 'just a blip'

Marriott International's Chief Executive Officer Anthony Capuano said on Wednesday that the company is watching to see if higher-end consumers will continue

Marriott CEO says company watching if slowdown in travel spending was 'just a blip'
Business|Economy|Finance

Boeing CEO says the company will furlough employees soon to preserve cash during labor strike

Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists

Boeing CEO says the company will furlough employees soon to preserve cash during labor strike
Business|Economy|Finance

Tupperware - from a US household brand to an indebted kitchenware maker

Tupperware Brands filed for bankruptcy protection on Tuesday, after years of struggling with poor demand for its food storage containers and rising financial losses.

Tupperware - from a US household brand to an indebted kitchenware maker
Asia|Business|Finance|Stock Markets|Technology

China chip stocks surge on government equipment list

Shares in several Chinese companies linked to the semiconductor industry surged on Wednesday, driven by investor excitement over a government list that some interpret as signaling

China chip stocks surge on government equipment list
Asia|Business|Technology|US

Vietnam's top leader Lam to meet Google, Meta in US next week, sources say

Vietnam's president and ruling Communist Party chief To Lam is set to meet representatives from several U.S. corporations, including Google

Vietnam's top leader Lam to meet Google, Meta in US next week, sources say
Africa|Business|Finance|US

JPMorgan CEO Jamie Dimon to visit Africa in growth push

JPMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest U.S. lender to expand on the

JPMorgan CEO Jamie Dimon to visit Africa in growth push
Business|Economy|Finance|Stock Markets|US

Global defensive sector funds see surge in inflows on slowdown fears

Global defensive sector funds are in demand from investors as concerns about a slowdown in the U.S. economy forces them to seek assets such as consumer staples and utilities stocks that

Global defensive sector funds see surge in inflows on slowdown fears
Business|Europe|Technology

Germany's Scholz says Intel committed to German site despite delay

German Chancellor Olaf Scholz said on Tuesday that Intel is committed to its plan to build plants in eastern Germany despite the U.S. chipmaker saying that it is delaying

Germany's Scholz says Intel committed to German site despite delay
Lifestyle

Major companies abandon an LGBTQ+ rights report card after facing anti-diversity backlash

More than two decades ago, a national LGBTQ+ rights group decided to promote change by grading corporations on their workplace policies

Major companies abandon an LGBTQ+ rights report card after facing anti-diversity backlash
Business|Finance|Stock Markets|Technology

Intel shares jump on chip deal with Amazon

Intel shares jump on chip deal with Amazon

Intel shares jump on chip deal with Amazon
Business|News

Starbucks North America head retires after five months in the role

Starbucks said on Monday that its North America CEO, Michael Conway, had decided to retire after about 11 years at the coffee chain.

Starbucks North America head retires after five months in the role
Business|Technology

Intel foundry business to make custom chip for Amazon, chipmaker's shares jump

By Max A.

Intel foundry business to make custom chip for Amazon, chipmaker's shares jump
Business|Technology|US

Amazon is requiring workers to be in the office five days a week starting next year

Amazon is requiring employees to be in the office five days a week starting next year, reverting to its pre-pandemic policy

Amazon is requiring workers to be in the office five days a week starting next year
Business|News|US

Boeing imposes hiring freeze, takes steps to conserve cash after strike starts

Boeing is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on strike on Friday including considering temporary furloughs for many

Boeing imposes hiring freeze, takes steps to conserve cash after strike starts
Business|Finance|News

The next generation of Buffetts is poised to become one of the biggest forces in philanthropy

When the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually passes away, the next generation of Buffetts — Howard, Susie and Peter — are poised to become one of the most powerful forces in philanthropy

The next generation of Buffetts is poised to become one of the biggest forces in philanthropy
Business|News|Technology

The strike could cost Boeing more than $1 billion. But that could be the least of its problems

The strike could cost Boeing more than $1 billion. But that could be the least of its problems

The strike could cost Boeing more than $1 billion. But that could be the least of its problems
Business|Economy

UK firms fear tougher employment regulation, CBI says

British businesses are worried that greater protections for employees planned by the newly elected Labour government will make it more risky to hire new staff, the

UK firms fear tougher employment regulation, CBI says
Asia|Business|Economy|Finance

China's Jan-Aug FDI down 31.5% y/y

Foreign direct investment into China amounted to 580.19 billion yuan ($81.80 billion) in January-August, down 31.5% from the same period last year, the Chinese commerce ministry

China's Jan-Aug FDI down 31.5% y/y
Economy|News|US

Clock is ticking for local governments to use billions of dollars of federal pandemic aid

Time is running out for local governments to use billions of dollars of federal pandemic relief funds

Clock is ticking for local governments to use billions of dollars of federal pandemic aid
Business|Economy|Finance

Downbeat China factory output, retail sales add to urgency for stronger stimulus

China's industrial output growth slowed to a five-month low in August, while retail sales and new home prices weakened further, bolstering

Downbeat China factory output, retail sales add to urgency for stronger stimulus
Business|Finance|News|Stock Markets|US

Trump may soon be able to access $2B Truth Social stake. This is what could stop him

Former President Donald Trump's lock-up period prohibiting Trump from selling or borrowing against his $2.3 billion stake in Truth Social owner Trump Media & Technology Group (DJT) is scheduled to expire by September 25, according to filings. CNN's Matt Egan reports on Trump's obstacles in cashing out on his fortune.

Trump may soon be able to access $2B Truth Social stake. This is what could stop him
US

US approves potential sale of F-35 aircraft and engines to Romania

The U.S.

US approves potential sale of F-35 aircraft and engines to Romania
Business|Europe|Finance|Stock Markets

DSV to create global logistics giant with $15.9 billion Schenker takeover

Denmark's DSV has agreed to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for

DSV to create global logistics giant with $15.9 billion Schenker takeover
Asia|Business|Economy|Finance

Weekly rebound in reach, China data deluge looms

A look at the day ahead in Asian markets.

Weekly rebound in reach, China data deluge looms
Business|Economy|News|Technology|US

A strike would add to turbulent times at Boeing

A strike by the 33,000 factory workers who assemble some of Boeing’s best-selling planes would come as another blow to a company whose bottom line and reputation have taken plenty of hits this year

A strike would add to turbulent times at Boeing
Asia|Business|Economy|Finance|News|Stock Markets

Evergrande Chairman Hui kept in special detention center in Shenzhen, sources say

Hui Ka Yan, the chairman of China Evergrande Group - the company at the centre of the country's property sector crisis - has been moved to a special

Evergrande Chairman Hui kept in special detention center in Shenzhen, sources say
Asia|Business|Economy|Finance|Stock Markets

Taishin raises offer for Shin Kong in what could be Taiwan's biggest financial deal

Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan's

Taishin raises offer for Shin Kong in what could be Taiwan's biggest financial deal
Business|Economy|Technology

Boeing machinists vote to strike after rejecting pay increases of 25% over 4 years

Machinists at Boeing have voted to go on strike, another setback for the giant aircraft maker whose reputation and finances have been battered and now faces a shutdown in production of its best-selling airline planes

Boeing machinists vote to strike after rejecting pay increases of 25% over 4 years
Asia|Business|Economy|US

US businesses' optimism in China falls to record low, survey shows

Political tensions, China's slowing economic growth and fierce domestic competition are sapping the confidence of U.S. businesses in the country, with optimism about

US businesses' optimism in China falls to record low, survey shows
Business|Economy|News

Copper output at Chile's Codelco slips nearly 11% in July

Copper output from Chilean state miner Codelco fell 10.7% in July from a year earlier, copper commission Cochilco said on Wednesday, as the world's largest copper company grapples

Copper output at Chile's Codelco slips nearly 11% in July
Asia|Business|Economy|Finance

China to issue broad measures to improve insurance sector, prevent risks

China's state council on Wednesday said it will issue concrete guidelines to strengthen supervision and prevent risks in the country's insurance industry, according to a statement.

China to issue broad measures to improve insurance sector, prevent risks
Asia|Business|Crime|Technology

Ola Electric customer arrested after setting showroom ablaze in India, police say

A 26-year-old man has been arrested for allegedly setting fire to an Ola Electric showroom in the southern Indian state of Karnataka over unsatisfactory

Ola Electric customer arrested after setting showroom ablaze in India, police say
Asia|Business|Economy|Europe

European business confidence in China is at an all-time low, report says

A European business group says China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country

European business confidence in China is at an all-time low, report says
Asia|Business|Finance|News

Bid for 7-Eleven owner shows Japan's governance gains, says Suntory CEO Niinami

A $39 billion Canadian takeover bid for 7-Eleven's owner indicates a shift in Japan's corporate governance and has left CEOs "nervous" that their

Bid for 7-Eleven owner shows Japan's governance gains, says Suntory CEO Niinami
Business|Economy|Finance|US

US dollar mixed after inflation report supports smaller Fed rate cut

The U.S. dollar was mixed overall on Wednesday in choppy trading after data showed underlying inflation in the world's largest economy

US dollar mixed after inflation report supports smaller Fed rate cut
Business|Economy|Europe|World

European firms doubt China's appetite to fix economy, lobby group says

European firms in China doubt the government has a credible plan to boost demand in the ailing economy or will carry out long-promised reforms, diminishing their

European firms doubt China's appetite to fix economy, lobby group says
Business|Finance

A decade on, Botin's redesign of Santander empire her family built is incomplete

Spanish banker Ana Botin set about transforming Santander, a sprawling, acquisition-obsessed and fragmented lender into a leaner,

A decade on, Botin's redesign of Santander empire her family built is incomplete
Business|Food|News

Starbucks' new CEO wants to recapture the coffeehouse vibe

Starbucks’ new chairman and CEO says he plans to focus on improving service and reestablishing the struggling coffee giant's stores as gathering places

Starbucks' new CEO wants to recapture the coffeehouse vibe
Business|Europe|Technology

Why does Apple have to pay Ireland $14.4 billion?

Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back

Why does Apple have to pay Ireland $14.4 billion?
Business|Economy|Europe|Finance

Fifth of industrial value creation in Germany under threat, BDI says

Around 20% of industrial value creation in Germany is under threat, according to a study published by the business association BDI on Tuesday.

Fifth of industrial value creation in Germany under threat, BDI says
Business|Europe|Finance|News

EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxes

The European Union’s top court has rejected Apple’s final legal challenge against an order from the bloc’s executive commission to repay 13 billion euros ($14.34 billion) in back taxes to Ireland, bringing an end to the long-running dispute

EU's top court dismisses Apple's final appeal against order to pay Ireland 13B euros in back taxes
Asia|Business|Economy|News|US|World

China slams US bill targeting biotech firms as 'discriminatory'

The United State's passage of a bill that aims to restrict business with Wuxi AppTec, BGI and other biotech firms was a "discriminatory" measure against Chinese companies, China's

China slams US bill targeting biotech firms as 'discriminatory'
Business|Finance

UK fund firms Schroders and abrdn name new CEOs to reboot ailing fortunes

UK fund managers Schroders and abrdn named new CEOs on Tuesday, appointing insiders to reboot performance at firms running nearly 1.3 trillion pounds ($1.7 trillion)

UK fund firms Schroders and abrdn name new CEOs to reboot ailing fortunes
Business|Finance|US

US lender NBT Bancorp to buy Evans Bancorp in $236 million deal

U.S. lender NBT Bancorp has agreed to buy Evans Bancorp in a deal that values it at nearly $236 million, as it looks to expand its footprint in western New York.

US lender NBT Bancorp to buy Evans Bancorp in $236 million deal
Business|Technology

Boeing delays suppliers' 737 MAX output goal by 6 months, sources say

Boeing has told suppliers it is delaying a key production milestone for its 737 MAX by six months, three industry sources said, in a sign the planemaker is struggling to

Boeing delays suppliers' 737 MAX output goal by 6 months, sources say
Business|Economy|Finance

Oman state-run oil firm OQ will make initial public offering and potentially seek billions

An Omani state-run oil and gas company says it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the sultanate

Oman state-run oil firm OQ will make initial public offering and potentially seek billions
Business|Europe|Finance|Stock Markets

FTSE 100 jumps over 1% on Entain boost; Burberry and Hostmore tumble

London's benchmark FTSE 100 climbed over 1% amid broader gains led by travel and leisure stocks after an upbeat forecast from gambling group Entain, while

FTSE 100 jumps over 1% on Entain boost; Burberry and Hostmore tumble
Business|Economy|Europe|Technology

VW boss says European market shrinking amid tougher competition

Volkswagen's CEO, who is pushing for unprecedented cutbacks in the German carmaker's home market, said change was needed because the European market is shrinking while

VW boss says European market shrinking amid tougher competition
Asia|Business|Economy|Finance

Pakistan renegotiating power deals to cut costs, minister says

Pakistan is renegotiating contracts with independent power producers to rein in "unsustainable" electricity tariffs, the head of the

Pakistan renegotiating power deals to cut costs, minister says
Environment|Science

Just how rare is a rare-colored lobster? Scientists say answer could be under the shell

A wave of odd-colored lobsters has showed up in fishers' traps, supermarket seafood tanks and scientists’ laboratories over the last year

Just how rare is a rare-colored lobster? Scientists say answer could be under the shell
Entertainment|Lifestyle|News|Sports|US|Videos

NASCAR's charter disagreement with teams is at a breaking point as playoffs arrive

NASCAR's 10-race playoffs begin Sunday at Atlanta Motor Speedway under something of a cloud

NASCAR's charter disagreement with teams is at a breaking point as playoffs arrive
Business|Economy|News

Canada's Ivey PMI shows activity contracting in August

Canadian economic activity contracted for the first time in 13 months in August as employment growth slowed and price pressures heated up, Ivey Purchasing Managers Index data

Canada's Ivey PMI shows activity contracting in August
Asia|Business|Economy|Finance|News|US

US opposition to Nippon Steel deal 'very unsettling', Japan PM hopeful says

One of the frontrunners to become Japan's next premier said on Friday that any U.S. move to block Japan's Nippon Steel from buying U.S.

US opposition to Nippon Steel deal 'very unsettling', Japan PM hopeful says
Business|Economy|Finance|Food

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster says it will soon exit from Chapter 11 bankruptcy protection

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale
Business|Economy|News|World

OPEC+ extends oil output cuts again through November

OPEC+ extends oil output cuts again through November

OPEC+ extends oil output cuts again through November
Business|Economy|Finance

Canada's services PMI shows August activity down for third straight month

Canada's services economy contracted for a third straight month in August as firms employed less workers and wildfires contributed to a slowdown in new business, S&

Canada's services PMI shows August activity down for third straight month
Asia|Business|News

Governments must not intervene in deals arbitrarily, Japan PM hopeful says of U.S. Steel takeover

Governments should not intervene in deals in an arbitrary manner as a matter of principle, Taro Kono, a Japanese minister and prime ministerial

Governments must not intervene in deals arbitrarily, Japan PM hopeful says of U.S. Steel takeover
Business|Economy|US

Dollar stores are struggling. Blame Walmart

Dollar stores are struggling. Blame Walmart

Dollar stores are struggling. Blame Walmart
Business|Technology|US

Logitech founder fails in attempt to oust chairperson

Logitech International founder Daniel Borel on Wednesday failed in his attempt to oust Chairperson Wendy Becker, having accused her of failing to provide leadership at the maker of

Logitech founder fails in attempt to oust chairperson
Business|Economy|Finance

The company formerly known as Lumber Liquidators is going out of business

The company formerly known as Lumber Liquidators is going out of business

The company formerly known as Lumber Liquidators is going out of business
Business|Europe|Finance|News

Moscow approves Unilever deal to offload Russian assets, RBC cites sources

Consumer goods giant Unilever has received Russian government approval to sell its assets in Russia, the RBC business daily reported on Wednesday, citing unnamed sources familiar

Moscow approves Unilever deal to offload Russian assets, RBC cites sources
Business|Finance|US

Exxon, Abu Dhabi's ADNOC to partner in delayed Texas hydrogen project

Abu Dhabi National Oil Company (ADNOC) will acquire a 35% equity stake in Exxon Mobil Corp's proposed low-carbon hydrogen project in Texas, with the companies

Exxon, Abu Dhabi's ADNOC to partner in delayed Texas hydrogen project
Asia|Business|Technology

Stocks sink but TSMC, Samsung bullish on AI at major trade show

Senior executives from two of the world's most important chipmakers, Taiwan's TSMC and South Korea's Samsung Electronics, offered bullish outlooks

Stocks sink but TSMC, Samsung bullish on AI at major trade show
Africa|Business|Economy|Finance

South Africa business activity rises in August, PMI shows

South African private sector activity rose in August as firms received higher volumes of new orders for the first time since April 2023, a survey showed on Wednesday.

South Africa business activity rises in August, PMI shows
Crime|News

Grenfell Tower was a 'death trap' after failures by UK government and industry, inquiry says

A damning report on a deadly London high-rise fire says decades of failures by government, regulators and industry turned Grenfell Tower into a “death trap” where 72 people lost their lives

Grenfell Tower was a 'death trap' after failures by UK government and industry, inquiry says
Asia|Business|Economy|News

China's services activity expansion slows in August, Caixin PMI shows

Growth in China's services sector activity slowed in August despite the summer travel peak, prompting some firms to cut staff amid concerns about rising costs, a private-sector

China's services activity expansion slows in August, Caixin PMI shows
Business|Economy|Finance

Japan's service activity extends gains in Aug, PMI shows

Japan's service-sector activity extended gains in August, a private sector survey showed on Wednesday, thanks to an uptick in overseas sales despite a darkening global outlook.

Japan's service activity extends gains in Aug, PMI shows
Election|News|US|Videos

Watch: Harris explains in her first interview as Democratic nominee why her positions on key issues have changed

Vice President Kamala Harris on Thursday offered her most expansive explanation to date on why she’s changed some of her positions on fracking and immigration, telling CNN’s Dana Bash her values haven’t shifted but that her time as vice president provided new perspective on some of the country’s most pressing issues. The full interview will at 9 p.m. ET Thursday on CNN’s “The First Interview: Harris & Walz, A CNN Exclusive.”

Watch: Harris explains in her first interview as Democratic nominee why her positions on key issues have changed
Business|Economy|US

Harris to unveil new wave of economic policies for small businesses, communities, in economic speech Wednesday

Harris to unveil new wave of economic policies for small businesses, communities, in economic speech Wednesday

Harris to unveil new wave of economic policies for small businesses, communities, in economic speech Wednesday
Business|Economy|Finance|Opinion

‘Social profit orientation’ can help companies and nonprofits alike do more good in the world

Generating financial returns, noble and important as that goal is, is no longer enough, 3 scholars of marketing argue.

‘Social profit orientation’ can help companies and nonprofits alike do more good in the world
Business|Economy|News

Costco’s first membership price hike in 7 years just went into effect

Costco’s first membership price hike in 7 years just went into effect

Costco’s first membership price hike in 7 years just went into effect
Business|Finance|Technology

AI server maker Super Micro denies short-seller Hindenburg's claims

Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained "false or inaccurate statements" about the AI server

AI server maker Super Micro denies short-seller Hindenburg's claims
Business|Economy|Finance|News

Canadian factory PMI rises to five-month high in August

Canadian manufacturing activity moved closer to stabilization in August as production and new orders fell at slower rates, but a decline in employment underscored

Canadian factory PMI rises to five-month high in August
Business|Europe|News

Two board members of Ukraine's grid operator resign, say chief's dismissal 'politically motivated'

Two independent members of the supervisory board of Ukraine's national power grid operator resigned on Tuesday, saying they believed the decision to dismiss the operator's head was "

Two board members of Ukraine's grid operator resign, say chief's dismissal 'politically motivated'
Americas|Business|Finance

Brazil's HBR Realty files eviction action against WeWork

Brazilian real estate firm HBR Realty said on Tuesday it has filed an eviction action against WeWork due to lack of payment, although the flexible workspace provider denied

Brazil's HBR Realty files eviction action against WeWork
Business|Entertainment|Technology

DirecTV is compensating customers affected by the Disney outage. But they have to take action to get it

DirecTV is compensating customers affected by the Disney outage. But they have to take action to get it

DirecTV is compensating customers affected by the Disney outage. But they have to take action to get it
Business|Economy|Finance

Supply chains are under plenty of stress, but they’re not breaking. Here’s why

Supply chains are under plenty of stress, but they’re not breaking. Here’s why

Supply chains are under plenty of stress, but they’re not breaking. Here’s why
Business|Economy|Europe|News

UK factories report strongest month since 2022, PMI shows

British factories had their strongest month in more than two years in August as demand at home offset a fall in exports, according to a survey published on Monday that added to

UK factories report strongest month since 2022, PMI shows
Business|Economy|Europe|Finance

French factory activity contracts in Aug at fastest pace since Jan, PMI shows

France's manufacturing activity contracted at its fastest pace since January in August, as output and new orders fell sharply, a survey showed on Monday.

French factory activity contracts in Aug at fastest pace since Jan, PMI shows
Business|Economy|Europe|Finance

Russian factory activity growth slowest in over a year in Aug, PMI shows

Activity in Russia's manufacturing sector grew at its slowest pace in over a year in August, a business survey showed on Monday, as expansion in output, new orders and employment all eased

Russian factory activity growth slowest in over a year in Aug, PMI shows
Business|Economy|Finance|Stock Markets|US

Global benchmarks are mixed in cautious trading ahead of US holiday and jobs report

Global shares are mixed in cautious trading ahead of the Labor Day holiday in the U.S. Investors also are looking ahead to the U.S. employment report set for release later this week for an indication of the strength of the American economy

Global benchmarks are mixed in cautious trading ahead of US holiday and jobs report
Business|Economy|Finance

Japan's Q2 capex rises strongly, signals solid domestic demand

Japanese corporate spending on plant and equipment rose at a faster pace in the second quarter, keeping alive expectations of a domestic-led recovery in economic

Japan's Q2 capex rises strongly, signals solid domestic demand
Finance

Intel CEO to pitch board on plans to shed assets, cut costs, source says

By Max A.

Intel CEO to pitch board on plans to shed assets, cut costs, source says
Business|Technology|US

New Boeing CEO holds first meeting with FAA chief

New Boeing CEO Kelly Ortberg met this week with the head of the Federal Aviation Administration as the planemaker faces numerous regulatory issues and

New Boeing CEO holds first meeting with FAA chief
Asia|Business|Technology

Uber CEO says growth in South Korea promising despite underdog status

Uber Technologies Inc's CEO on Friday expressed commitment to the South Korean market, where it is an underdog to local tech group Kakao, and said the platform will attract more taxi

Uber CEO says growth in South Korea promising despite underdog status
Crime|News|US

Investigators say dispatching errors led to Union Pacific train crash that killed 2 workers

Dispatching errors and the failure of two backup systems allowed a Union Pacific train to slam into 74 railcars that had been parked on a side track for nine months in Southern California in 2022

Investigators say dispatching errors led to Union Pacific train crash that killed 2 workers
Business|Economy|News

Ford becomes the latest company to scale back its diversity and inclusion policies

Ford becomes the latest company to scale back its diversity and inclusion policies

Ford becomes the latest company to scale back its diversity and inclusion policies
Environment|US

Texas is sued over anti-ESG law

Texas was sued on Thursday by a nonprofit whose members support environmentally-friendly policies, and which seeks to block a state law targeting businesses that support

Texas is sued over anti-ESG law
Business|Technology

Meta says its Llama AI models being used by banks, tech companies

By Katie Paul NEW YORK - Meta's Llama artificial intelligence models are being used by companies including Goldman Sachs and AT&T for business functions like customer service, document review and

Meta says its Llama AI models being used by banks, tech companies
Business|Economy|Finance

Chinese regional banks investment revenues surge even as lending falters

Several Chinese regional banks have reported a jump in their investment income in the first half of the year, even as their primary lending businesses faltered, as the flailing

Chinese regional banks investment revenues surge even as lending falters
Business

Nations building their own AI models add to Nvidia's growing chip demand 

Nations building artificial intelligence models in their own languages are turning to Nvidia's chips, adding to already booming demand as generative AI takes center stage

Nations building their own AI models add to Nvidia's growing chip demand 
Health|Technology

Musk's xAI operating gas turbines without permits at data center, environmental group says

Elon Musk's AI startup, xAI, is facing criticism from environmental and health advocates for allegedly contributing to pollution in Memphis, Tennessee, by using natural gas-burning

Musk's xAI operating gas turbines without permits at data center, environmental group says
Business|Finance|Stock Markets

Warren Buffett's Berkshire Hathaway closes above $1 trillion market value

Berkshire Hathaway's market value closed above $1 trillion for the first time on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett built

Warren Buffett's Berkshire Hathaway closes above $1 trillion market value
Asia|Business|Technology

Chinese EV maker BYD boosts net profit despite discounts

Chinese electric vehicle maker BYD reported improved net profits in the second quarter thanks to its extended market leadership, even though it led a protracted price war with

Chinese EV maker BYD boosts net profit despite discounts
Business|Europe

Volkswagen passenger cars brand struggles to hit cost-cutting goal, says Handelsblatt

Volkswagen's passenger cars brand is struggling to meet its 10 billion euro ($11.14 billion) cost-cutting target, undermined by issues including low sales and missing parts, German

Volkswagen passenger cars brand struggles to hit cost-cutting goal, says Handelsblatt
Business|Finance|Technology

Apple cuts about 100 digital services jobs, Bloomberg News reports

Apple Inc has eliminated about 100 jobs in its digital services group, with the biggest cuts affecting the team responsible for its Apple Books app and Apple Bookstore, Bloomberg News

Apple cuts about 100 digital services jobs, Bloomberg News reports
Business|Economy|News|US

Lowe's changes some DEI policies amid legal attacks on diversity programs and activist pressure

Home improvement chain Lowe’s is scaling back its diversity, equity and inclusion policies, joining the ranks of a few other companies who have altered their programs since the end of affirmative action in higher education and amid conservative backlash online

Lowe's changes some DEI policies amid legal attacks on diversity programs and activist pressure
Americas|Business|Finance|Stock Markets|US

Vale shares rise as markets welcome CEO appointment

Shares of Vale rose on Tuesday as analysts and investors welcomed the appointment of Gustavo Pimenta as the Brazilian miner's next CEO, starting next year.

Vale shares rise as markets welcome CEO appointment
Business|Economy|Finance|News

UK retail sales fall for 3rd month, CBI says

British retailers reported a third straight month of falling sales in August and they expect another decline in September, prompting them to lower their hiring

UK retail sales fall for 3rd month, CBI says
Business|Europe|Technology

Ryanair's O'Leary says new Boeing management 'continue to disappoint'

Ryanair Group Chief Executive Michael O'Leary on Tuesday said that Boeing's new management "continue to disappoint" and that deliveries were

Ryanair's O'Leary says new Boeing management 'continue to disappoint'
Business|Economy|Europe

Job concerns weigh on German consumer sentiment in September, finds GfK

German consumer sentiment is set to tumble going into September as slightly rising unemployment, job cuts and insolvency's drive down income expectations, pushing back hopes of a

Job concerns weigh on German consumer sentiment in September, finds GfK
Business|Europe|Technology

Meyer Burger halts solar plant in Colorado, plans restructuring

Swiss solar panel maker Meyer Burger said on Monday it was suspending plans for a plant in Colorado as it announced restructuring measures and suggested profitability would be lower

Meyer Burger halts solar plant in Colorado, plans restructuring
Asia|Business|Economy|Finance|News|Stock Markets

Industrialist Anil Ambani considers response to ban from Indian markets watchdog

Industrialist Anil Ambani is reviewing the Indian markets regulator’s order banning him and 24 others from the securities market for five years on charges of diversion of funds,

Industrialist Anil Ambani considers response to ban from Indian markets watchdog
News|Technology

NASA decision against using a Boeing capsule to bring astronauts back adds to company's problems

NASA says it won't use Boeing's Starliner capsule to bring two stranded astronauts back to Earth

NASA decision against using a Boeing capsule to bring astronauts back adds to company's problems
Business|Crime|Economy|News|US

Justice Department accuses RealPage of a scheme to help landlords hike rents in antitrust lawsuit

The Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices

Justice Department accuses RealPage of a scheme to help landlords hike rents in antitrust lawsuit
News|US

With their massive resources, corporations could be champions of racial equity but often waver

A Missouri nonprofit founded in 2015 to help address the issues that contributed to the police shooting death of Michael Brown Jr. and the riots that followed has faced the same lament many philanthropies face

With their massive resources, corporations could be champions of racial equity but often waver
Business|Finance|Technology|US

Why Ford's three-row electric 'personal bullet train' SUV went off the rails

At a packed investor day in Dearborn, Michigan, last year, Ford Motor executives lauded their forthcoming three-row electric SUV, which they said would be rolling

Why Ford's three-row electric 'personal bullet train' SUV went off the rails
Celebrity|Entertainment|Food|Lifestyle

Beyoncé launches whiskey inspired by ‘moonshiner’ great-grandfather

Beyoncé launches whiskey inspired by ‘moonshiner’ great-grandfather

Beyoncé launches whiskey inspired by ‘moonshiner’ great-grandfather
Asia|News|Political

India's opposition demands investigation into market watchdog's alleged conflict in Adani case

More than 1,000 Indian opposition party supporters demonstrated in New Delhi, Mumbai and other state capitals on Thursday, demanding

India's opposition demands investigation into market watchdog's alleged conflict in Adani case
Business|Economy|Finance

UK factory orders fall again but by less than in July, CBI survey shows

British factory orders fell again this month but at a less severe pace than in July, according to a survey published on Thursday that showed little sign of a sustained recovery for the

UK factory orders fall again but by less than in July, CBI survey shows
Australia|Business|Finance

Australian competition regulator to monitor domestic air fares

Australia's competition regulator said on Thursday it will closely monitor domestic air fares between metropolitan cities after local carrier Regional Express withdrew from the market last

Australian competition regulator to monitor domestic air fares
Business|Economy|Europe|Sports

French economy gets boost in August from Olympics, PMI shows

France's economy benefited in August from a pick-up in business due to the Olympic Games as a sharp upswing in the country's services sector offset ongoing

French economy gets boost in August from Olympics, PMI shows
Asia|Business|Economy|Finance

PwC braces for 6-month ban in China over Evergrande audit, FT reports

PwC China has informed its clients it expects a six-month business ban by Chinese authorities as early as September as part of punishment for its audit of collapsed property developer

PwC braces for 6-month ban in China over Evergrande audit, FT reports
Business|Economy|Finance|News|US

Labor dispute stops Canadian freight railroads and could cause major economic disruption in US

Both of Canada’s major freight railroads have come to a full stop because of a contract dispute with their workers, an impasse that could bring significant economic harm to businesses and consumers in Canada and the U.S. if the trains don't resume running soon

Labor dispute stops Canadian freight railroads and could cause major economic disruption in US
Business|News|Technology

Ford to shift electric vehicle strategy by building new lower-cost pickups and a commercial van

Ford Motor Co. is changing its electric vehicle plans and now will focus on making two new electric pickup trucks and a new commercial van

Ford to shift electric vehicle strategy by building new lower-cost pickups and a commercial van
Asia|Business|Economy|Europe|Finance|Technology|World

Chinese body says EU draft on EV tariffs lacks objectivity, fairness

The European Union's draft findings from an anti-subsidy investigation into Chinese electric vehicles (EV) lack objectivity and fairness, a Chinese industry body said on Wednesday.

Chinese body says EU draft on EV tariffs lacks objectivity, fairness
Asia|Business|Finance|Stock Markets

Hong Kong bourse logs first profit rise in three quarters, IPOs pick up

Hong Kong's bourse has booked its first profit increase in three quarters, marking record revenue and income for an April-June period as new listings and trading

Hong Kong bourse logs first profit rise in three quarters, IPOs pick up
Business|Economy|News

Canadian freight trains could stop moving Thursday. If they do, many businesses will be hurt

Businesses across a variety of industries are bracing for freight trains to stop moving Thursday at both major Canadian freight railroads if they can't resolve a contract dispute

Canadian freight trains could stop moving Thursday. If they do, many businesses will be hurt
Africa|Business|Economy|Finance|News

Qatar Airways acquires a 25% stake in the private African carrier Airlink

Qatar Airways has acquired a 25% stake in the private African carrier Airlink

Qatar Airways acquires a 25% stake in the private African carrier Airlink
Business|News|Technology

More trouble for Boeing: Tests of its troubled 777X paused after it found structural problems

More trouble for Boeing: Tests of its troubled 777X paused after it found structural problems

More trouble for Boeing: Tests of its troubled 777X paused after it found structural problems
Business|Economy|Finance|Stock Markets|US

Wall St ends lower ahead of Jackson Hole, snapping multi-session rally

U.S. stocks closed slightly lower on Tuesday, breaking their recent winning streak amid few market-moving catalysts ahead of the Jackson Hole Economic Symposium,

Wall St ends lower ahead of Jackson Hole, snapping multi-session rally
Crime|News|World

Former co-defendant of British tycoon missing in luxury yacht sinking dies after being struck by car

Former co-defendant of British tycoon missing in luxury yacht sinking dies after being struck by car

Former co-defendant of British tycoon missing in luxury yacht sinking dies after being struck by car
Business|Technology

Mike Lynch, the UK tycoon who defeated US fraud charges, missing at sea

Mike Lynch, the tech tycoon missing after his luxury yacht sank off Sicily, spent more than a decade building Britain's biggest software company and then almost as

Mike Lynch, the UK tycoon who defeated US fraud charges, missing at sea
News|Political|US

House Republicans release their impeachment report on Biden but the next steps are uncertain

House Republicans have released their initial impeachment inquiry report on President Joe Biden

House Republicans release their impeachment report on Biden but the next steps are uncertain
Business|Economy|Finance

Starbucks is giving its new CEO a huge pay package and not making him move to Seattle

Starbucks' incoming CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant

Starbucks is giving its new CEO a huge pay package and not making him move to Seattle
Business|Economy|Lifestyle|US

Americans are still shopping. They’re just going to Walmart

Americans are still shopping. They’re just going to Walmart

Americans are still shopping. They’re just going to Walmart
Business|Food|Lifestyle|News|US

Wally Amos, founder of Famous Amos cookies, dies at 88

Wally Amos, founder of Famous Amos cookies, dies at 88

Wally Amos, founder of Famous Amos cookies, dies at 88
Business|Economy|Finance|US

High interest rates have benefitted corporate America: McGeever

Logic suggests that U.S. companies will benefit when the Fed's interest rate-cutting cycle gets underway, because they will pay less to service their debt, but

High interest rates have benefitted corporate America: McGeever
Business|Finance|Stock Markets

Allstate to sell its employer voluntary benefits business to StanCorp Financial in $2 billion deal

Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a

Allstate to sell its employer voluntary benefits business to StanCorp Financial in $2 billion deal
Business|News

Starbucks’ CEO is out. Chipotle’s Brian Niccol is taking over

Starbucks’ CEO is out. Chipotle’s Brian Niccol is taking over

Starbucks’ CEO is out. Chipotle’s Brian Niccol is taking over
Asia|Business|News|World

Japanese executive convicted in Myanmar for selling rice above set prices returns home

A Japanese business executive has returned to Japan after being convicted and released this week after more than a month of detention in Myanmar

Japanese executive convicted in Myanmar for selling rice above set prices returns home
Europe|News

Europe was on the brink of a night train revolution. Here’s what actually happened

Europe was on the brink of a night train revolution. Here’s what actually happened

Europe was on the brink of a night train revolution. Here’s what actually happened
Business|Economy|Lifestyle

Retailers are tricking consumers into spending more with earlier-than-ever Halloween rollout

Retailers are tricking consumers into spending more with earlier-than-ever Halloween rollout

Retailers are tricking consumers into spending more with earlier-than-ever Halloween rollout
Business|Technology|US

Boeing's new CEO visits factory that makes the 737 Max, including jet that lost door plug in flight

Boeing‘s new CEO is on the job and visiting a key factory near Seattle

Boeing's new CEO visits factory that makes the 737 Max, including jet that lost door plug in flight
Business|News|Technology

Boeing’s new CEO is already making an overdue change his first day on the job

Boeing’s new CEO is already making an overdue change his first day on the job

Boeing’s new CEO is already making an overdue change his first day on the job
Business|Technology|US

NTSB to conduct safety culture survey of Boeing 737 MAX factory workers

The National Transportation Safety Board plans to conduct a safety culture survey of employees at Boeing's 737 MAX factory in Renton, Washington, the board's chair said on Wednesday.

NTSB to conduct safety culture survey of Boeing 737 MAX factory workers
Business|Entertainment|Finance

Disney's streaming business is profitable for first time, but slowing US park business ups anxiety

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie “Inside Out 2.”

Disney's streaming business is profitable for first time, but slowing US park business ups anxiety
Business|Finance|Technology

Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdings

Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier

Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdings
Asia|Business|Economy|Finance

China Evergrande's liquidators initiate legal action against PwC, FT reports

Liquidators of troubled property giant China Evergrande Group have started legal action against PricewaterhouseCoopers, accusing it of "negligence" and "misrepresentation" in its work for

China Evergrande's liquidators initiate legal action against PwC, FT reports
Business|Food

Meal delivery service dumps $17,000 worth of food lost during power outage

Meal delivery service dumps $17,000 worth of food lost during power outage

Meal delivery service dumps $17,000 worth of food lost during power outage
Business|Economy|Finance|US

WK Kellogg to close Omaha plant, downsize in Memphis as it shifts production to newer facilities

WK Kellogg Co. is closing one U.S. cereal plant and downsizing another as part of a plan to consolidate its operations in newer facilities

WK Kellogg to close Omaha plant, downsize in Memphis as it shifts production to newer facilities
Business|News|Technology

Microsoft lashes out at Delta: Your ancient tech caused the service meltdown

Microsoft lashes out at Delta: Your ancient tech caused the service meltdown

Microsoft lashes out at Delta: Your ancient tech caused the service meltdown
Business|Technology

Boeing to make design changes to prevent future 737 MAX 9 door panel blowout

Boeing said on Tuesday it plans to make design changes to prevent a future mid-air cabin panel blowout

Boeing to make design changes to prevent future 737 MAX 9 door panel blowout
Africa|Business|Economy|Lifestyle

From Nigeria to London: Nelly Agbogu is on a mission to elevate African small businesses

From Nigeria to London: Nelly Agbogu is on a mission to elevate African small businesses

From Nigeria to London: Nelly Agbogu is on a mission to elevate African small businesses
Business|Economy|Finance|News|US

US service sector rebounds in July; employment also recovers

U.S. services sector activity rebounded from a four-year low in July amid a bounce back in new orders and the first increase in employment in six months, which could help to

US service sector rebounds in July; employment also recovers
Business|Economy|Technology|US

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion

In 2022, Michigan Gov. Gretchen Whitmer welcomed a Chinese battery company’s plan to build a $2.36 billion factory and bring a couple thousand jobs to Big Rapids

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion
Business|Economy|Finance|Stock Markets

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Japan's benchmark Nikkei 225 index has soared nearly 11% a day after it set markets tumbling in Europe and on Wall Street

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street
Asia|Business|Economy

Japan's July service activity rebounds after dip, PMI shows

Japan's service-sector activity returned to growth in July thanks to solid domestic demand, a survey showed on Monday, but slow overseas orders and unabated cost pressures continue

Japan's July service activity rebounds after dip, PMI shows
Business|Finance|News|Stock Markets

Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake in second quarter

Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market because the investor is so revered and there had been little positive financial news lately

Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake in second quarter
Business|Economy|Finance|US

Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years

Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision
Business|Finance|Stock Markets|Technology|US

Intel shares slump 26% as turnaround struggle deepens

Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a

Intel shares slump 26% as turnaround struggle deepens
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation

Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street
Business|US

Boeing's new CEO Kelly Ortberg faces a major overhaul, from factories to finances

Boeing's incoming boss, Kelly Ortberg, faces a herculean task when he starts next week -  restoring the might of a U.S. corporate powerhouse rocked by multiple crises.  

Boeing's new CEO Kelly Ortberg faces a major overhaul, from factories to finances
Business|Technology

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

Chipmaker Intel says it is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals
Business|Finance|Technology|US

Why Trump wants the US government to have a 'national stockpile' of bitcoin

At a national bitcoin conference in Nashville, Donald Trump finally spelled out some of his crypto policy proposals including one hotly anticipated part of his plan -- building a strategic bitcoin reserve. CNN's Jon Sarlin explains what that is and why the crypto industry wants it.

Why Trump wants the US government to have a 'national stockpile' of bitcoin
Asia|Business|Economy|News

Chinese factories poised for 'cruel summer' as PMI surveys raise outlook risks

China's sluggish manufacturing sector is poised for a "cruel summer" with two sentiment surveys this week pointing to a new level of gloom among factory

Chinese factories poised for 'cruel summer' as PMI surveys raise outlook risks
Business|Economy|Finance

Irish manufacturing ekes out growth for just second time this year, PMI shows

Ireland's manufacturing sector eked out growth for just the second time in eight months in July, bouncing back after contracting at the fastest pace in a year a month earlier, a

Irish manufacturing ekes out growth for just second time this year, PMI shows
Business|Economy|Finance|News|Stock Markets|US

What to do — and what not to do — now that the Fed is signaling lower rates

As the Fed inches closer to cutting its benchmark interest rate, how can households prepare? Karin Caifa reports.

What to do — and what not to do — now that the Fed is signaling lower rates
Asia|Business|Finance

Hong Kong court adjourns China developer Shimao's liquidation petition

Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time

Hong Kong court adjourns China developer Shimao's liquidation petition
Education|Environment|Health|Science|Technology

'Everything feels tiring': CNN goes inside a heat chamber

At the University of South Wales, Professor Damian Bailey runs an environmental testing chamber that can alter temperature, altitude, pressure and oxygen levels. CNN’s Senior Climate Writer Laura Paddison put her body to the test under extreme heat and humidity to understand how these conditions can quickly become deadly and why a warming world is dangerous for us all.

'Everything feels tiring': CNN goes inside a heat chamber
Business|Finance|US

To cut costs and keep vehicle prices down, Stellantis makes buyout offers to US white-collar workers

Jeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company’s CEO said the auto industry is in the middle of a significant storm

To cut costs and keep vehicle prices down, Stellantis makes buyout offers to US white-collar workers
Business|Economy|Finance|News

JetBlue posts a surprise Q2 profit and will delay new planes to cut costs and rebuild the business

JetBlue Airways is reporting a small but surprising profit for the second quarter

JetBlue posts a surprise Q2 profit and will delay new planes to cut costs and rebuild the business
Business|Europe|Finance

Ferrari shores up cooperation with Italian tax authority to ensure transparency

Ferrari said on Tuesday its Dutch parent company Ferrari N.V. has strengthened ties with the Italian tax authority by joining a compliance programme that includes regular and

Ferrari shores up cooperation with Italian tax authority to ensure transparency
Business|Technology

Ad group WPP names former BT boss Philip Jansen as new chair

WPP named former BT chief Philip Jansen as its new chair on Tuesday, succeeding Roberto Quarta at the world's largest advertising company.

Ad group WPP names former BT boss Philip Jansen as new chair
Asia|Business|Economy|Finance|Stock Markets

India's Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say

India's Adani Enterprises, the flagship firm of Adani Group, plans to launch its first-ever public issue of bonds in the coming weeks to raise up to 6 billion rupees

India's Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say
Asia|Business|Finance

Toyota global output skids in June, dragged down by Japan and China

Toyota's global production tumbled in June, down for a fifth straight month with the automaker hit hard by a certification scandal in its home market and a fierce price war in China.

Toyota global output skids in June, dragged down by Japan and China
Business|Economy|Finance|Health|News|US

Pharma companies less concerned after hearing from US on negotiated prices for Medicare

Four pharmaceutical companies involved in the first U.S. negotiations over prices for the Medicare program said they do not expect a significant

Pharma companies less concerned after hearing from US on negotiated prices for Medicare
Economy|Education|Sports

Unintended consequences: How NIL in college sports has raised questions about nonprofits

The entrance of name, image and likeness deals in college sports has raised questions about what it means to be a tax-exempt charitable organization

Unintended consequences: How NIL in college sports has raised questions about nonprofits
Asia|Business|Economy|Finance|Stock Markets|World

Stock market today: Asian shares mostly decline ahead of central bank meetings

Asian shares are mostly declining in cautious trading ahead of central bank meetings around the world

Stock market today: Asian shares mostly decline ahead of central bank meetings
Asia|Business|Economy|Finance

China's industrial profits post faster gains in June despite faltering economy

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky

China's industrial profits post faster gains in June despite faltering economy
Asia|Business|Economy|Finance

China's H1 industrial profits rise 3.5% y/y

Profits at China's industrial firms rose 3.5% in the first half of 2024 compared with the same period in 2023, official data showed on Saturday.

China's H1 industrial profits rise 3.5% y/y
Health|News|Science|US

Abbott must pay $495 million in premature infant formula trial, jury finds

A jury on Friday found that Abbott Laboratories' specialized formula for premature infants caused an Illinois girl to develop a dangerous bowel

Abbott must pay $495 million in premature infant formula trial, jury finds
Business|Finance

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports

Former Starbucks chief executive, Howard Schultz, is opposing a potential settlement between the coffee chain and activist investor Elliott Investment Management, the Financial Times

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports
Business|Economy|Finance|Health|US

Bankrupt Steward Health to close two Massachusetts hospitals

Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday.

Bankrupt Steward Health to close two Massachusetts hospitals
Business|Crime|Finance|US

The trades that could bring down short-seller Andrew Left

U.S. authorities filed criminal and civil charges against Andrew Left, a prominent face of the activist short-selling industry, alleging he had for years manipulated the market and

The trades that could bring down short-seller Andrew Left
Business|Finance

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal

WesBanco has agreed to buy smaller rival Premier Financial in an all-stock deal valued at $959 million, the lenders said on Friday, offering another sign of growing consolidation in the

Regional lender WesBanco to buy smaller rival Premier Financial in $959 million deal
Business|Economy|Finance|Stock Markets|US

Colgate-Palmolive raises 2024 forecasts on strong demand

Toothpaste maker Colgate-Palmolive raised its forecasts for annual profit and organic sales on Friday, after beating second-quarter estimates on resilient demand for its high-priced

Colgate-Palmolive raises 2024 forecasts on strong demand
Asia|Business|Economy|Finance|Technology

Chinese EV battery maker CATL posts faster profit growth in Q2

Chinese electric vehicle battery giant CATL recorded faster profit growth in the second quarter, even as EV demand slows in the world's largest auto market while geopolitical

Chinese EV battery maker CATL posts faster profit growth in Q2
Business|Economy|Finance

Insurer Mapfre buoyed by US recovery and fewer natural disasters

Spanish insurer Mapfre said on Friday its first-half net profit jumped thanks to fewer and more benign natural disasters and a turnaround in its car insurance business in the United States

Insurer Mapfre buoyed by US recovery and fewer natural disasters
Business|US

LinkedIn billionaire is going all-in on Kamala Harris. But he wants her to make a big change

LinkedIn billionaire is going all-in on Kamala Harris. But he wants her to make a big change

LinkedIn billionaire is going all-in on Kamala Harris. But he wants her to make a big change
US

US to award Amkor up to $400 million for chip packaging plant

The U.S.

US to award Amkor up to $400 million for chip packaging plant
Business|Economy|Europe|Travel

They expected an Olympic boon. But some Paris businesses are experiencing a bust

Small business owners in Paris expected a boon in visitors once the Olympics arrived

They expected an Olympic boon. But some Paris businesses are experiencing a bust
Business|Economy|News

UK drivers still paying too much for road fuel, says regulator

Britain's competition regulator said on Friday the country's drivers are still paying too much for road fuel, with increases in retail fuel margins costing them over 1.6 billion

UK drivers still paying too much for road fuel, says regulator
Asia|Business|Finance|Stock Markets

Spot work startup Timee shares pop 30% in Tokyo debut

Shares in startup Timee, which operates a platform connecting workers seeking side gigs with labour-strapped businesses, rose roughly 30% on Friday in their Tokyo stock market debut.

Spot work startup Timee shares pop 30% in Tokyo debut
News

Rio Tinto, BYD and LG Energy show interest in Chile's Altoandinos lithium site

Twelve companies including global miner Rio Tinto and Chinese electric vehicle maker BYD have submitted proposals to extract lithium in Chile's Altoandinos salt flats, the state

Rio Tinto, BYD and LG Energy show interest in Chile's Altoandinos lithium site
Business|Finance|US

Charles Schwab names Michael Verdeschi as CFO

Brokerage firm Charles Schwab has appointed Michael Verdeschi as its chief financial officer, effective Oct. 1, according to a filing with the U.S. securities regulator on Thursday.

Charles Schwab names Michael Verdeschi as CFO
Asia|Business|Finance|Health|Stock Markets

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal

Indian drugmaker Mankind Pharma said late on Thursday it would acquire Bharat Serums and Vaccines Ltd in a deal valued at around 136.30 billion rupees ($1.63 billion), including debt.

India's Mankind Pharma to buy Bharat Serums in a $1.6 billion deal
US

US Senate probes Steward Health bankruptcy, subpoenas CEO

A U.S.

US Senate probes Steward Health bankruptcy, subpoenas CEO
Business|News

Senate committee votes to investigate Steward Health Care bankruptcy and subpoena its CEO

A Senate committee has voted to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO

Senate committee votes to investigate Steward Health Care bankruptcy and subpoena its CEO
Business|Economy|Finance|News

Walmart Canada raises hourly store wages for about 40,000 workers

Walmart Canada said on Thursday it has invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month.

Walmart Canada raises hourly store wages for about 40,000 workers
Crime|News|US

Biden signs bill strengthening oversight of crisis-plagued US Bureau of Prisons after AP reporting

President Joe Biden has signed into law a bill strengthening oversight of the crisis-plagued federal Bureau of Prisons after The Associated Press exposed systemic corruption and abuse in the prison system

Biden signs bill strengthening oversight of crisis-plagued US Bureau of Prisons after AP reporting
Business|Technology

Amazon racing to develop AI chips cheaper, faster than Nvidia's, executives say

Inside Amazon.com's chip lab in Austin, Texas, half a dozen engineers on a Friday afternoon put a closely guarded new server design through its paces.

Amazon racing to develop AI chips cheaper, faster than Nvidia's, executives say
Business|Finance|Technology

Musk to discuss $5 billion xAI investment with Tesla board

Tesla CEO Elon Musk said on Thursday he and the board of the electric vehicle company will discuss making a $5 billion investment in his artificial

Musk to discuss $5 billion xAI investment with Tesla board
Business|Economy|Finance|Stock Markets|US

Ford shares slide as disappointing Q2 adjusted profit rattles investors

Shares of Ford Motor Co. are tumbling Thursday after the automaker’s second-quarter adjusted profit badly missed Wall Street’s expectations as it spent more money fixing customers’ cars and trucks

Ford shares slide as disappointing Q2 adjusted profit rattles investors
Business|Finance|Sports|Stock Markets|US

Warner Bros Discovery drops after failing to renew NBA broadcasting rights

Warner Bros Discovery shares fell more than 4% in U.S. premarket trading on Thursday, after the media giant failed to renew broadcasting rights for the NBA games, fueling investor concerns

Warner Bros Discovery drops after failing to renew NBA broadcasting rights
Business|Finance|Technology

BofA payments app for businesses handled record $500 billion by mid-year

Bank of America’s corporate clients approved a record $500 billion in payments through its CashPro app by mid-year, up almost 40% versus the same period in 2023,

BofA payments app for businesses handled record $500 billion by mid-year
Business|Finance|News|Stock Markets

TSX hits 2-week low as industrials, gold mining shares fall

Canada's main stock index fell to a two-week low on Thursday, led by declines for industrial and metal mining shares, as recent disappointing earnings from some economically

TSX hits 2-week low as industrials, gold mining shares fall
Business|Finance

Insurance broker WTW posts higher Q2 profit on robust product demand

Insurance broker WTW posted a 20% rise in its second-quarter profit on Thursday, helped by a strong performance in its risk and brokerage business.

Insurance broker WTW posts higher Q2 profit on robust product demand
Europe|News

Macron's political crisis hurts business morale ahead of Paris Olympics

As President Emmanuel Macron welcomes business leaders including Elon Musk to Paris ahead of Friday's Olympic opening ceremony, there are early signs France's political deadlock is

Macron's political crisis hurts business morale ahead of Paris Olympics
Business|Economy|Europe

UK factories slash price expectations and raise output forecasts, CBI says

British manufacturers' expectations for price rises in the next few months fell to their lowest since late 2020 and they ramped up forecasts for output too, a survey from the Confederation

UK factories slash price expectations and raise output forecasts, CBI says
Business|Finance|News

Four UK high street banks broke retail competition rules, watchdog says

Four high street banks, HSBC, Lloyds, TSB and Allied Irish Bank (AIB), broke Britain's competition rules, the Competition and Markets Authority said in a statement on Thursday.

Four UK high street banks broke retail competition rules, watchdog says
Business|Economy|Finance|News|Stock Markets|Technology|US

S&P, Nasdaq end lower in fickle trading, megacap trend uncertain

The S&P 500 and Nasdaq Composite ended a fickle session weaker on Thursday, failing to regain ground lost in the previous day's tech-triggered sell-off as investors grappled

S&P, Nasdaq end lower in fickle trading, megacap trend uncertain
Business|Finance|Technology|US

Insured losses from CrowdStrike outage could reach $1.5 billion, CyberCube says

Global insured losses from last week's massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday.

Insured losses from CrowdStrike outage could reach $1.5 billion, CyberCube says
Business|Finance|US

Stellantis ready to axe brands and fix US problems, CEO says

Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe

Stellantis ready to axe brands and fix US problems, CEO says
Asia|Business|Economy|Finance

Thailand investment pledges rise 35% to $12.7 billion in H1, government says

Thailand saw investment pledges rise 35% in the first half of this year to 458 billion baht ($12.68 billion), the Board of Investment said Thursday.

Thailand investment pledges rise 35% to $12.7 billion in H1, government says
Business|Crime|News|US

US Department of Justice finalizes plea deal with Boeing

US Department of Justice finalizes plea deal with Boeing

US Department of Justice finalizes plea deal with Boeing
Business|Finance|Technology

Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first

Bitcoin miner Bitfarms said on Wednesday it adopted a second 'poison pill' after a Canadian tribunal ceased the earlier one adopted to fend off a potential hostile takeover attempt by rival

Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first
Business|Finance|Stock Markets|US

Logistics giant Lineage raises $4.44 billion in biggest IPO of 2024

Lineage, the world's largest operator of cold-storage warehouses, raised $4.44 billion in its U.S. initial public offering, setting it up for the biggest stock market

Logistics giant Lineage raises $4.44 billion in biggest IPO of 2024
Americas|Business|Finance

Mexican breadmaker Bimbo's Q2 profit drops 16%

Mexican breadmaker Bimbo's second-quarter net profit slipped by 16.3% compared to the same period last year to 3.32 billion pesos ($181.56 million), the firm reported on

Mexican breadmaker Bimbo's Q2 profit drops 16%
Business|Entertainment|Sports

NBA rejects Warner Bros. Discovery’s matching offer to retain games, setting up potential legal showdown

NBA rejects Warner Bros. Discovery’s matching offer to retain games, setting up potential legal showdown

NBA rejects Warner Bros. Discovery’s matching offer to retain games, setting up potential legal showdown
Business|Economy|Finance|Stock Markets|US

Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading

Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs

Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading
Business|Finance

Chipotle tops quarterly estimates, warns of margin pressure going forward

Chipotle Mexican Grill surpassed Wall Street estimates for quarterly sales and profit on Wednesday as demand for its rice bowls and burritos held up

Chipotle tops quarterly estimates, warns of margin pressure going forward
Business|Economy|News|US

US Democrats launch bill holding oil firms accountable for any work with OPEC

Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with

US Democrats launch bill holding oil firms accountable for any work with OPEC
Business|Economy|News|Technology

We finally know what caused the global tech outage - and how much it cost

We finally know what caused the global tech outage - and how much it cost

We finally know what caused the global tech outage - and how much it cost
Business|Finance

Renault sticks to 2024 outlook as first-half profit beats estimates

Renault posted a better-than-expected operating profit for the first half of the year on Wednesday due to strong pricing and new vehicle launches,

Renault sticks to 2024 outlook as first-half profit beats estimates
Business|Economy|Finance|US

Bunge, Viterra $34 billion deal heading for conditional EU nod, source says

U.S. grains merchant Bunge and Glencore-backed Viterra's $34 billion merger deal is heading towards conditional EU antitrust approval, a person with direct

Bunge, Viterra $34 billion deal heading for conditional EU nod, source says
Business|Economy|Finance|US

US business activity edges higher; pricing power diminishing

U.S. business activity climbed to a 27-month high in July, but firms appeared to have some difficulty sustaining higher prices for their goods and services amid resistance from

US business activity edges higher; pricing power diminishing
Business|Entertainment|Finance|Stock Markets|US

Theater chain AMC forecasts Q2 loss due to fewer big releases

AMC Entertainment Holdings said on Wednesday it would report a loss for the second quarter compared to a profit in the year-ago period, blaming a thin slate of big releases due to last

Theater chain AMC forecasts Q2 loss due to fewer big releases
Asia|Business|Economy

Japan plans record hike in minimum wage, NHK reports

A panel at the Japanese labour ministry has decided to raise the national average minimum wage by about 5% to 1,054 yen ($6.85) per hour this fiscal year, the biggest ever jump,

Japan plans record hike in minimum wage, NHK reports
Business|Finance|Stock Markets|Technology|US

Otis cuts annual sales view on slowdown in construction activity in China, US

Elevator maker Otis Worldwide lowered its 2024 net sales forecast on Wednesday on softening demand for its new equipment from North America and China.

Otis cuts annual sales view on slowdown in construction activity in China, US
Business|Economy|Europe|Finance

German cabinet agrees to expand tax relief to boost economy

Germany's cabinet agreed on Wednesday to increase tax relief for companies and households to almost 21 billion euros per year to help bolster stuttering growth

German cabinet agrees to expand tax relief to boost economy
Business|Finance|Technology|US

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix

U.S. Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix
Business|Election|Europe|News

UK business activity picks up after pre-election lull, PMI data shows

British business activity picked up this month after a lull in the run-up to a July 4 election, bolstered by the fastest manufacturing growth in two years and the

UK business activity picks up after pre-election lull, PMI data shows
Business|Economy|Europe

Euro zone business growth stalls in July, PMIs show

Growth in euro zone business activity stalled this month as a tepid expansion in the bloc's dominant services industry failed to offset a deeper downturn among

Euro zone business growth stalls in July, PMIs show
Business|Europe|Finance|Stock Markets

Informa to buy Cannes Lions owner Ascential for $1.6 billion

Britain's Informa said on Wednesday it had reached a deal to buy Cannes Lions Festival owner Ascential for 1.2 billion pounds ($1.6 billion), adding the flagship ad

Informa to buy Cannes Lions owner Ascential for $1.6 billion
Asia|Business|Economy|Finance|News|Stock Markets

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids

Asian shares have dropped morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids
Business|Technology

Atos appoints fifth CEO in less than two years

French technology company Atos on Wednesday appointed its chairman Jean Pierre Mustier as CEO to replace departing boss Paul Saleh in its fifth top management reshuffle in less than two

Atos appoints fifth CEO in less than two years
Business|Economy|US

US political churn muddies corporate horizon: Mike Dolan

Corporate planners must have a headache as the U.S. political pendulum swings at its fastest rate since World War Two and the related policy churn may act as a drag on

US political churn muddies corporate horizon: Mike Dolan
Business|Economy

Vietnam allows big companies to buy clean energy directly to meet their climate targets

Vietnam has passed a decree radically loosening the Communist Party-ruled state’s control on how electricity is sold to private companies

Vietnam allows big companies to buy clean energy directly to meet their climate targets
Asia|Business|Economy|News|World

Japan protests Russia's decision to ban entry of 13 business executives

Japan protested to Russia on Wednesday over curbs denying entry to 13 Japanese business executives, including the Toyota Motor chairman, as part of counter-sanctions measures.

Japan protests Russia's decision to ban entry of 13 business executives
Business|Economy|Finance|Technology

Foxconn to invest $138 million for new business headquarters in China

Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday it plans to invest 1 billion yuan ($137.5 million) to

Foxconn to invest $138 million for new business headquarters in China
Business|Finance|Stock Markets|US

KKR-backed OneStream prices US IPO above range to raise $490 million, sources say

Financial software maker OneStream, which is backed by private equity firm KKR, priced its U.S. initial public offering (IPO) above its indicated range on Tuesday,

KKR-backed OneStream prices US IPO above range to raise $490 million, sources say
Asia|Business|Technology

Boeing resumes deliveries of 737 MAX airplanes to China

Boeing said on Tuesday it has resumed deliveries of its best-selling 737 MAX airplane to China after a lengthy delay stemming from regulatory issues.

Boeing resumes deliveries of 737 MAX airplanes to China
Business|Economy|Finance|US

US business equipment borrowings fall 4% in June, ELFA says

U.S. companies borrowed 4% less to finance equipment investments in June than a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday.

US business equipment borrowings fall 4% in June, ELFA says
Business|Finance|Stock Markets|US

Disney's shareholder Perlmutter sells his stake after proxy fight loss, WSJ reports

Isaac Perlmutter, one of the largest investors in Walt Disney, has sold his entire stake in the media company after losing the proxy fight, the Wall Street Journal reported on Tuesday.

Disney's shareholder Perlmutter sells his stake after proxy fight loss, WSJ reports
Business|Europe|Finance|Stock Markets

Dassault Aviation's H1 net sales climb, despite ongoing supply chain issues

French planemaker Dassault Aviation reported on Tuesday first half adjusted net sales of 2.54 billion euros ($2.76 billion), up from 2.30 billion euros

Dassault Aviation's H1 net sales climb, despite ongoing supply chain issues
Business|Finance|Stock Markets|US

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter

Philip Morris International pushed the test-launch of its heated tobacco device, IQOS, in the U.S. to the fourth quarter on Tuesday and lowered its annual forecast for the heated tobacco

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter
Economy|US

US drug industry middlemen defend business model amid accusations of raising patient costs

U.S. pharmaceutical industry middlemen defended their role in the healthcare system during a Congressional hearing on Tuesday after committee members

US drug industry middlemen defend business model amid accusations of raising patient costs
Business|Economy|Technology

Overstock.com is back from the dead

Overstock.com is back from the dead

Overstock.com is back from the dead
Business|Finance|News|Stock Markets|US

Sherwin-Williams raises 2024 profit forecast on upcoming residential demand

Sherwin-Williams on Tuesday raised its full-year earnings forecast and posted a second-quarter profit that beat estimates, as the paintmaker was helped by higher prices and increased sales

Sherwin-Williams raises 2024 profit forecast on upcoming residential demand
Business|Technology|Travel

Airbus and Boeing snap up deals despite delivery delays

More plane orders flowed in at the Farnborough Airshow on Tuesday despite supply chain pressures on jetmakers and complaints

Airbus and Boeing snap up deals despite delivery delays
Business|Finance|Health

Owens & Minor to buy medical equipment firm Rotech for $1.36 billion

Medical supplies distributor Owens & Minor said on Tuesday it has agreed to buy medical equipment firm Rotech Healthcare for $1.36 billion in cash to expand its presence in home-based care

Owens & Minor to buy medical equipment firm Rotech for $1.36 billion