Video shows fireworks exploding as 2 homes are destroyed in Massachusetts fire
Romanian lawmakers narrowly approve new pro-European coalition during period of political turmoil
Bank of Canada's Dec 11 jumbo rate cut was a close call, minutes show
Over 200 killed in Haiti's Cite Soleil massacre, UN report finds
Egypt troops to join African Union Somalia mission - foreign minister says
US FDA revokes authorization for four COVID antibody drugs
Boeing names Ann Schmidt chief communications and brand officer
Houston Texans wide receiver Tank Dell suffered dislocated knee, a torn ACL and other damage, head coach DeMeco Ryans said
Washington Mystics hire Jamila Wideman as general manager, Sydney Johnson as coach
Marianne Jean-Baptiste tests our limits of empathy in 'Hard Truths'
Business|Entertainment|News|Travel
The iconic Mirage in Las Vegas is closing today after 34 years
The iconic Mirage in Las Vegas is closing today after 34 years
July 17, 2024Business
Business|Finance
Australia's Domino's sees flat store growth on closures in Japan, France
Australia's Domino's Pizza Enterprises said on Wednesday it expects store growth to be flat to slightly positive in its current fiscal year, and decided to close up to 80 low-
July 17, 2024
Business|Finance|Stock Markets
Honda sets secondary share sale price at 3% discount in $3.16 billion deal
Honda Motor has priced shares in a secondary share sale at 1,664.5 yen each, or a 3% discount to Wednesday's closing price, valuing the deal at 497 billion yen ($3.16 billion), the
July 17, 2024
Business|Europe|Finance
Spanish fund Criteria to team up with Skoda in bid for Talgo, Cinco Dias says
Spain's Criteria, the investment arm of the La Caixa foundation, is considering teaming up with Czech train maker Skoda in its bid for Talgo, Cinco Dias newspaper reported on
July 17, 2024
Business|Finance
Ray-Ban maker EssilorLuxottica taps streetwear audience with Supreme deal
EssilorLuxottica has agreed to buy streetwear brand Supreme from VF Corporation for $1.5 billion, the companies said on Wednesday, marking the first acquisition of an
July 17, 2024
Business|Economy|Finance
HSBC's Elhedery takes fast track from finance to CEO
When Georges Elhedery took a six-month break from HSBC in 2022, some feared he had called time on a 17-year stint at the Asia-focused lender.
July 17, 2024
Asia|Business|Technology
India's Byju's to appeal insolvency proceedings, sources say
Indian education technology company Byju's will challenge insolvency proceedings initiated against it in an attempt to block the process this week, as the startup
July 17, 2024
Business|Entertainment|Travel
The last cards have been dealt as the iconic Mirage closes its doors on the Las Vegas Strip
The Mirage's signature volcano has erupted for the last time
July 17, 2024
Business|Finance
Pernod Ricard offloads bulk of wine unit to focus on spirits
Pernod Ricard said on Wednesday it agreed to sell the majority of its wine portfolio to the owners of Australia's Accolade Wines, disposing of a dragging division to
July 17, 2024
Business|Finance|News|Stock Markets|US
HSBC names veteran Elhedery as CEO, signals continuity in strategy
HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, opting for continuity as it tries to
July 17, 2024
Asia|Business|Economy
Thai industrial sentiment hits 2-yr low in June, business federation says
The Thai industrial sentiment index fell for a third straight month to its lowest in two years in June due to a slow economy, weak demand and bad debt problems, the Federation of
July 17, 2024
Business|Finance|Stock Markets|Technology|US
Trade fears hamper tech stocks, dollar falls amid rate cut talk
Global equity indexes mostly fell on Wednesday as possible U.S. trade curbs on chip equipment pulled tech stocks lower, while Treasury yields and the dollar both hit
July 17, 2024
Business|News|Technology|US
Elon Musk says he’s moving SpaceX and X out of California
Elon Musk says he’s moving SpaceX and X out of California
July 16, 2024
News|US
US House panel to hold hearing with pharmacy benefit managers on healthcare costs
The U.S.
July 16, 2024
Business|Food|US
Tyson Foods heir pleads not guilty to charge of driving while intoxicated
Tyson Foods heir and executive John R
July 16, 2024
Business|News|Technology
Elon Musk says he's moving SpaceX, X headquarters from California to Texas
Billionaire Elon Musk says he’s moving the headquarters of SpaceX and social media company X to Texas from California
July 16, 2024
Business|US
Squishmallows maker can sue Build-A-Bear over alleged plush toy knockoffs
A U.S. judge rejected Build-A-Bear Workshop's effort to dismiss a lawsuit claiming that its Skoosherz plush toys were unauthorized knockoffs of Squishmallows,
July 16, 2024
Business|Economy|Environment|Finance|News|US
TC Energy says its $15 billion claim for Keystone XL project thrown out by US tribunal
Canada's TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 billion from the U.S. government for the cancellation of its Keystone
July 16, 2024
Business|Celebrity|Entertainment|Technology|US
Elon Musk is going all-in on Donald Trump
Elon Musk is going all-in on Donald Trump
July 16, 2024
Business|Europe|Finance|Stock Markets
Adidas hikes 2024 earnings guidance after second-quarter beat
German sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second upgrade this year.
July 16, 2024
Business|Economy|Finance|News|Stock Markets|US
US business inventories increase slightly above expectations in May
U.S. business inventories increased slightly more than expected in May amid solid rises in stocks at wholesalers and retailers, a trend that could see inventory investment
July 16, 2024
Business|Economy|Finance|Stock Markets|US
Brokerage Charles Schwab's profit falls on weaker interest income
Charles Schwab's second-quarter profit fell 2% as the brokerage paid out more interest on client deposits and its own borrowings, sending its shares down 7.1% on Tuesday.
July 16, 2024
Business|Finance|Stock Markets|US
Progressive's quarterly profit surges on strong demand for auto insurance policies
Insurer Progressive Corp posted a more than fourfold jump in its second-quarter profit on Tuesday, driven by strong demand for its personal auto insurance policies, sending its shares up
July 16, 2024
Business|Finance|Technology
Who is Arkady Volozh, former Yandex CEO, and what is his new AI venture?
After almost two years of negotiations, a deal to split Russian tech giant Yandex's assets was completed this week, with most revenue-generating businesses staying in
July 16, 2024
Business|Finance|Technology|US
SymphonyAI targets second half 2025 IPO with $500 million in revenue run rate
SymphonyAI, a U.S. artificial intelligence company whose products help the likes of Pepsi predict demand and financial companies spot fraud, is preparing to go public in the
July 16, 2024
Business|Europe|Technology
Former Yandex chief Volozh returns with AI infrastructure venture after Russia split
Freed from its ties to Russia, newly unveiled Dutch firm Nebius hopes to help lead the great drive to build the infrastructure underpinning artificial intelligence,
July 16, 2024
Business|Finance|Technology
Malaysia's ADE sees boom in aircraft repairs amid new plane shortages
The global aircraft repair industry will see more growth in the next six years as airlines keep flying their jets longer because of a shortage of new planes,
July 16, 2024
Business|Europe|Finance|Stock Markets
Spanish train maker Talgo receives merger offer from Czech rival Skoda
Spanish train maker Talgo said on Tuesday it received a merger offer from Czech rival Skoda four months after Hungarian consortium Ganz-Mavag launched a public tender offer for all
July 16, 2024
Asia|Business
Japan finds a 'stealth' cure for zombie businesses: Let them fail
For much of its 72 years, Hitoshi Fujita's company was just another mom-and-pop business grinding out metal parts.
July 16, 2024
Business|Economy|News
UK building firms face worst recruitment problems, survey shows
Construction and engineering firms are bearing the brunt of Britain's shortage of workers, according to a survey that underscores the challenge for Prime Minister Keir Starmer to
July 15, 2024
Business|Economy|Finance
Macy’s rejected a takeover offer and is betting on itself
Macy’s rejected a takeover offer and is betting on itself
July 15, 2024
Business|Finance|Stock Markets|US
Buffett's Berkshire Hathaway sets, closes at record high
Berkshire Hathaway's share price set a record high on Monday, reflecting investors' confidence in Warren Buffett's company, which is often regarded as a microcosm of the
July 15, 2024
Business|Finance|News|Technology
Aviation Capital finalizes order for 35 Boeing 737 MAX jets
Aircraft lessor Aviation Capital Group has finalized an order for 35 Boeing 737 MAX jets, the companies said on Monday.
July 15, 2024
Business|Finance
Macy's ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing
Macy’s is cutting off buyout talks with Arkhouse and Brigade, citing the lack of certain financing
July 15, 2024
Business|Finance|US
Macy's ends buyout talks with investor group, shares slump
Macy's scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the
July 15, 2024
Business|Economy|Finance|Stock Markets|US
Healthcare firm Concentra eyes $3.3 billion valuation in US IPO
Concentra Group, a Select Medical unit, is eyeing a valuation of $3.30 billion in its U.S. initial public offering, joining a growing list of firms testing the market after a near two-year
July 15, 2024
Business|Europe|Technology
French competition authority confirms investigation into Nvidia
The French competition authority confirmed on Monday that an investigation is underway into chipmaker Nvidia over alleged anti-competitive practices.
July 15, 2024
Business|Economy|Finance|Technology
SolarEdge Technologies to lay off 400 employees
SolarEdge Technologies said on Monday it would lay off 400 employees, of which 200 are in Israel, as it works to restore profitability and ensure financial stability.
July 15, 2024
Business|Europe|Finance|Technology
Yandex split finalised as Russian assets sold in $5.4 billion deal
A deal to split the assets of Russian technology company Yandex was finalised on Monday, with a Russian consortium of investors buying the bulk of Yandex's businesses in
July 15, 2024
Business|Europe|Finance
Atos secures funding of $1.82 billion to restructure its debt
French IT company Atos said on Monday it had secured funding of 1.675 billion euros ($1.82 billion) to restructure its debt through a lock-up agreement with a group of banks and bondholders
July 15, 2024
Business|Fashion and Beauty|Finance
UK luxury brand Burberry gets new boss to revive revamp
British luxury group Burberry on Monday sacked its CEO and named former Coach boss Joshua Schulman to replace him, as it promises a "more familiar" look and presses
July 15, 2024
Asia|Business|Economy
China new home prices fall at fastest pace in 9 years, more support needed
China's new home prices in June fell at the fastest clip in nine years while property sales and investment slumped, increasing pressure on policymakers
July 15, 2024
Business|Finance|Technology
TSMC second-quarter profit seen jumping 30% on surging AI chip demand
Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 30% rise in second-quarter profit on
July 14, 2024
Business|Finance|Technology
Star Entertainment faces system issues, electronic gaming machines shut down
Australia's Star Entertainment Group said on Monday its systems have been disrupted by performance issues, resulting in the shutdown of all electronic gaming machines and electronic table
July 14, 2024
Food
Secrets of a syrup maker: At 95, Roland Jorns still running Door County maple syrup shop
Secrets of a syrup maker: At 95, Roland Jorns still running Door County maple syrup shop
July 14, 2024
Asia|Celebrity|Entertainment|Lifestyle
Extravagant wedding celebrations for the son of Asia's richest man conclude with a reception
A wedding reception in India completes the monthslong celebrations as the youngest son of Mukesh Ambani, Asia’s richest man, married his longtime girlfriend
July 14, 2024
Business|News|Technology|US
Boeing begins 777-9 certification flight trials with US FAA
Boeing has started certification flight testing of its long-delayed 777-9 with U.S. aviation regulators onboard, the U.S. planemaker said in an
July 13, 2024
Asia|Business|Celebrity
The son of Asia's richest man gets married in the year's most extravagant wedding
The youngest son of Mukesh Ambani, Asia’s richest man, has married his longtime girlfriend in what many have dubbed the wedding of the year
July 13, 2024
Asia|Business|Finance|Technology|US
Vietnam's VinFast delays US electric car plant amid market slowdown
Vietnamese electric vehicle (EV) maker VinFast is delaying the launch of its planned $4 billion factory in North Carolina to 2028 and cutting its delivery forecast
July 13, 2024
Business|Entertainment|Lifestyle
Soccer-Ohanian says his big bet on women's sports is paying off
Alexis Ohanian said his wager on Angel City FC is paying off amid reports that Disney CEO Bob Iger and his wife Willow Bay are close to purchasing control of
July 12, 2024
Business|US
US FTC issues warning to franchisors over unfair business practices
A U.S. trade regulator on Friday announced a suite of actions taking aim at "unfair and deceptive practices" it said are illegally imposed on U.S. franchisees by their
July 12, 2024
Business|Food|Lifestyle|News|US
Chicago coffee shop aims to keep DNC attendees well caffeinated
Chicago coffee shop aims to keep DNC attendees well caffeinated
July 12, 2024
Business|Europe|Finance
Bunge, Viterra offer to sell assets in 2 EU countries, sources say
U.S. grains merchant Bunge and Glencore-backed Viterra have offered to sell assets in two European Union countries in a bid to secure EU antitrust clearance for their $34 billion
July 12, 2024
Business|Economy|Finance
Stop & Shop closing 32 underperforming grocery stores in the Northeast
Grocery store chain Stop & Shop says it will close 32 underperforming grocery stores across the Northeast by the end of this year
July 12, 2024
Business|Technology|US
US senators call out Big Tech's new approach to poaching talent, products from smaller AI startups
Three U.S. Senators are calling for action against a new practice big technology companies are using to swallow up the talent and products of innovative AI startups without formally acquiring them
July 12, 2024
Business|Europe|News|Technology
Springer and KKR considering split of German media giant, sources say
German media giant Axel Springer, which owns Germany's popular Bild tabloid and political news company Politico, is considering a split of the company together with private equity
July 12, 2024
Business|Finance|Stock Markets|US
ISS suggests Enhabit shareholders elect three AREX Capital nominees to board
Institutional Shareholder Services (ISS) said on Thursday Enhabit shareholders should elect three AREX Capital Management director candidates to the nine-member board
July 12, 2024
Business|Economy|Finance|US
ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal
Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S.
July 12, 2024
Business|Economy|Finance
Bunge, Viterra offer to sell EU assets seeking EU approval for $34 billion merger
U.S. grains merchant Bunge and Glencore-backed Viterra have offered to divest assets in two EU countries aimed at winning EU antitrust approval for their $34
July 12, 2024
Business|Europe|Sports|US
US firms bet on Paris Olympics with new stores, marketing push
U.S. companies from Nike to Warner Bros are opening new stores and holding big marketing events in Paris before and during the Olympics, betting that excitement for the summer games can
July 12, 2024
Business|Economy|Finance|News|Stock Markets|US
Wall Street closes higher on bets for Fed rate cut
Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday record highs, on bets that the U.S.
July 12, 2024
Asia|Business|Celebrity|Entertainment|Fashion and Beauty|Lifestyle
India's Ambani wedding spectacle gets political with Modi posters
The wedding of a scion from India's ultra-wealthy Ambani family - much in the news for its opulent celebrations and VIP-studded guest list - has
July 12, 2024
Asia|Business|Economy|Technology
Taiwan president thanks Micron CEO for his trust in Taiwan
Taiwan President Lai Ching-te thanked memory chipmaker Micron's Chief Executive Sanjay Mehrotra on Friday for his trust and continued investment in the island, in a rare public
July 12, 2024
Asia|Australia|Business|Finance|Technology
Australia's competition regulator starts informal review of TPG Telecom-Optus deal
Australia's competition watchdog has started an informal review of the network sharing deal between TPG Telecom and Optus, owned by Singapore Telecommunications, the regulator said on
July 12, 2024
Business|Economy|Election|Finance|US
Cancel Summer?
Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain's king unveiling
July 12, 2024
Business|Finance|Technology|US
Tesla launches new Model 3 long-range variant at $42,490, website shows
Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle
July 12, 2024
Business|Technology
Boeing warns customers of further delays on 737 Max, Bloomberg News says
Boeing has notified some 737 Max customers in recent weeks that aircraft due for delivery in 2025 and 2026 might face additional delays of three to six months, Bloomberg News reported on
July 12, 2024
Asia|Business|Technology
Japan's diaper makers look to adult market for revenue as births fall
A large metal arm in a Japanese factory swept a cluster of fluffy white fabric rectangles off a carousel into a group to be wrapped in plastic before packaging for
July 12, 2024
Business|Finance|Technology
How did the auto dealer outage end? CDK almost certainly paid a $25 million ransom
How did the auto dealer outage end? CDK almost certainly paid a $25 million ransom
July 11, 2024
Business|Finance
Estee Lauder's longtime CFO Travis to depart next year
Estee Lauder said on Thursday that Tracey Travis would be stepping down and retiring from her 12-year role as the MAC lipstick maker's finance chief, effective June 30, 2025.
July 11, 2024
Business|Economy|US
Dollar General agrees to pay $12 million fine to settle alleged workplace safety violations
The U.S. Department of Labor says Dollar General has agreed to pay a $12 million fine and improve conditions at its thousands of retail stores nationwide to make them safer for workers
July 11, 2024
Business|US
Dollar General to pay $12 million penalty, improve safety in US settlement
Discount store operator Dollar General has agreed to pay $12 million in penalty for alleged safety violations that led to blocked exits and fire extinguishers
July 11, 2024
Business|Finance|News
Boeing nearing deal to sell 777X jets to Korean Air, sources say
Boeing is nearing a potential sale of some two dozen 777X jets to Korean Air in a roughly $4 billion to $6 billion deal that could be finalised as early as July's Farnborough Airshow,
July 11, 2024
Business|Economy|News|US
Chevron and Hess say US FTC merger review expected for third quarter
Oil producers Chevron Corp and Hess Corp expect the U.S.
July 11, 2024
Business|Finance
Tractor Supply warned climate change and a lack of diversity would hurt business. Now it’s ignoring those risks
Tractor Supply warned climate change and a lack of diversity would hurt business. Now it’s ignoring those risks
July 11, 2024
Business|Economy|Finance|US
PepsiCo feels squeeze as financial pressure spreads from low-income consumers
PepsiCo CEO Ramon Laguarta said Thursday there is "much more price sensitivity" across U.S. income groups and not just low-income
July 11, 2024
Business|Economy|World
Cuba ratchets up pressure on private business as economic crisis deepens
Cuba is tightening regulations on fledgling private businesses, reining in profits and beefing up oversight as the government wrestles with how best to manage fast-growing private
July 11, 2024
Business|Finance
Trading houses lure top talent from BP, Shell
Several high-profile energy traders have in recent weeks quit oil majors for trading houses, multiple sources told Reuters on Thursday, as
July 11, 2024
Business|Finance|US
JPMorgan aims to amass 15% of US consumer deposits, boost credit card share
The biggest U.S. bank wants to get even bigger.
July 11, 2024
Business|Finance|Stock Markets|US
PepsiCo quarterly revenue disappoints on slowing sales of snacks, beverages
PepsiCo missed expectations for second-quarter revenue on Thursday as a series of price hikes and competition from private-label brands slowed
July 11, 2024
Business|Europe|Sports
France's Decathlon aims to bulk up via deals in evolving sports market
French sports retailer Decathlon is shopping for specialist brands to expand its business, capitalising on a post-pandemic shakeout in the industry that has made
July 11, 2024
Business|Finance|News|US
Costco Wholesale to hike annual membership fees after seven years
Costco Wholesale said on Wednesday it would hike annual membership fees for the first time in seven years for its U.S. and Canada customers, effective Sept. 1.
July 10, 2024
Business|Crime|Finance|News
Archegos Capital founder convicted of securities fraud
The founder of Archegos Capital Management has been convicted of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars
July 10, 2024
Economy|Environment|Finance|News|US
Insurers hike rates as extreme storms like Beryl proliferate, bringing forecasts for fatter profits
Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response
July 10, 2024
Business|Crime|Finance|Technology|US
Former CEO of SCWorx Corp convicted of securities fraud over COVID tests
The former CEO of healthcare software company SCWorx Corp was found guilty of investor fraud for falsely stating the company was becoming a major supplier of
July 10, 2024
Food|Lifestyle|Travel
Michelin-starred $230 omakase dining experience canceled at iconic 'Flintstone House'
Michelin-starred $230 omakase dining experience canceled at iconic 'Flintstone House'
July 10, 2024
Business|Technology
Amazon announces incremental AI refinements to fend off rivals
Amazon.com announced a series of largely incremental refinements on Wednesday to several of its artificial intelligence products as it seeks to keep rivals at bay amid a
July 10, 2024
Business|Economy|Finance|News|Technology
Target will stop accepting this old school form of payment
Target will stop accepting this old school form of payment
July 10, 2024
Business|Finance|Technology
Tax preparation company Intuit to lay off 1,800 as part of an AI-focused reorganization plan
Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce
July 10, 2024
Uncategorized
AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race
By Max A.
July 10, 2024
Business|Technology
Manufacturers slow Gen AI rollout on rising accuracy concerns, says study
Manufacturers are deploying planned Generative AI initiatives at a slower-than-anticipated pace on concerns around accuracy, Lucidworks said in a study on Wednesday.
July 10, 2024
Business|Europe|Finance|Stock Markets|Technology
Yandex split nears completion as Russian traders finalise share exchange
Russian traders have finalised a share exchange for investors in Yandex, often dubbed Russia's Google, one of the final steps needed to complete a more than $5 billion deal that will see
July 10, 2024
Business|Finance|Stock Markets|US
Nvidia leads Nasdaq and S&P 500 to record highs
The Nasdaq and S&P 500 hit record highs on Wednesday fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data and
July 10, 2024
Business|Economy|Europe|News|World
China launches investigation in retaliation over EU’s probe of solar, wind power and other products
China’s Commerce Ministry has announced it will launch an investigation into whether unfair trade practices were adopted by the European Union in its probe of Chinese companies
July 10, 2024
Business|Europe|Technology
Alstom wins $3 billion train order in Hamburg, shares rise
Alstom has signed a framework deal worth up to 2.8 billion euros ($3.0 billion) to deliver 374 new metro trains and rail technology for Hamburger Hochbahn in Germany, the
July 10, 2024
Asia|Business|Health|World
Novo Nordisk, Indonesia's Bio Farma sign deal to package insulin
Danish drugmaker Novo Nordisk has signed a deal with Indonesia's state-owned pharmaceutical company Bio Farma to package insulin to combat diabetes in the Southeast Asian country, a
July 10, 2024
Business|Europe|Finance|Stock Markets
Volkswagen under pressure as China sales fall and Audi falters
Volkswagen shares slipped on Wednesday after an overnight profit warning triggered in part by the possible closure of an Audi plant and a 3.8% drop in second
July 10, 2024
Asia|Business|Finance|Stock Markets
Yokohama Rubber in talks to buy Goodyear's off-road tyre business for at least $1 billion, Bloomberg says
Japan's Yokohama Rubber is in talks to buy Goodyear Tire & Rubber's off-road tyre business for at least $1 billion, Bloomberg reported on Wednesday.
July 10, 2024
Business|Economy|US
California fast food workers now earn $20 per hour. Franchisees are responding by cutting hours.
When California’s minimum wage increase went into effect in April, fast food workers across the state went from making $16 to $20 overnight
July 10, 2024
Business|Finance|US
Chipotle Mexican Grill's CFO Hartung to retire next year
Chipotle Mexican Grill said on Tuesday that Jack Hartung, its long time veteran, would be stepping down and retiring from his role as finance chief of the company effective March 31.
July 09, 2024
Crime|News
City official 'shaken' by 76 gas station robbery, owner calls on police to 'do their job'
City official 'shaken' by 76 gas station robbery, owner calls on police to 'do their job'
July 09, 2024
Business|News|US
Michigan lowers incentives for Ford EV battery plant to match reduced output
Ford Motor is receiving a reduced incentive
July 09, 2024
Business|Europe
Volkswagen may close Brussels factory as low EV demand hits Audi
Volkswagen on Tuesday warned it may close the Brussels site
July 09, 2024
Business|Economy|News|Technology|US
Boeing sold just three passenger jets in the past month
Boeing sold just three passenger jets in the past month
July 09, 2024
Business|Finance
Boeing deliveries drop 27% in June year-on-year
Boeing said on Tuesday it delivered more commercial jets in June than in any other month this year, but the total of 44 planes represented a 27% drop on an annual basis
July 09, 2024
Crime|News|Political|US
Sen. Bob Menendez's lawyer tells jury in closing that prosecutors failed to prove a single charge
A lawyer for Sen. Bob Menendez at the Democrat's bribery trial has urged jurors to acquit him of every charge, saying prosecutors had failed to prove a single count beyond a reasonable doubt
July 09, 2024
Business|Finance|Health
Middlemen have outsized influence on US drug prices, FTC says
The consolidation of pharmacies and health insurance companies through years of dealmaking has led to a handful of pharmacy benefit managers
July 09, 2024
Business|Economy|Technology
Dyson to axe around 1,000 jobs in Britain
Vacuum cleaner manufacturer Dyson will cut about 1,000 jobs in Britain, more than a quarter of its workforce in the country, as part of a global restructuring.
July 09, 2024
Business|Finance
Anglo American hires banks for coal assets sale, sources say
Anglo American has hired three banks for the sale of its steelmaking coal assets, which analysts value at as much as $5 billion and is part of a broader restructuring to fend off an
July 09, 2024
Business|Economy|Finance|US
US small business sentiment rises to six-month high in June
U.S. small-business confidence increased to a six-month high in June, but inflation worries lingered amid a rise in the share of owners planning to raise compensation for
July 09, 2024
Business|Crime|Finance|US
Jury begins deliberating at Archegos founder's criminal trial
A jury in Manhattan federal court began deliberations on Tuesday in the criminal case against Archegos Capital Management founder Sung Kook "Bill" Hwang, accused by
July 09, 2024
Asia|Business|Finance|Technology
India's Paytm gets government panel nod to invest in payments arm, sources say
India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million
July 09, 2024
Business|Europe|Finance|Technology
Dassault Systemes cuts 2024 earnings view, citing delays to customer orders
French software company Dassault Systemes cut its full-year earnings target on Tuesday, sending shares lower, as it warned that customers were being cautious with spending and were delaying
July 09, 2024
Australia|Business|Finance
Australia auto parts retailer Bapcor rejects Bain Capital's $1.2 billion bid
Australian auto parts retailer Bapcor rejected on Tuesday the A$1.83 billion ($1.23 billion) buyout offer from private equity firm Bain Capital
July 08, 2024
Asia|Business|Finance
China's Guangzhou R&F Properties faces liquidation petition in Hong Kong
Chinese property developer Guangzhou R&F Properties said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-
July 08, 2024
Business|Economy|Finance
Chilly June prompts UK consumers to cut back their spending
British consumer spending contracted in June, hurt by bad weather, according to surveys on Tuesday that added to recent signs of the country's tepid economic growth that the
July 08, 2024
Business|Finance|News|Technology|US
Judge who nixed Musk's pay package hears arguments on massive fee request from plaintiff lawyers
A Delaware judge is considering a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk should be voided
July 08, 2024
Business|Election|News|Technology|US
LinkedIn billionaire bankrolls voting firm Smartmatic as it fights Fox News in 2020 election defamation case
LinkedIn billionaire bankrolls voting firm Smartmatic as it fights Fox News in 2020 election defamation case
July 08, 2024
Americas|Business|Finance
Citi to cease operations in Haiti after 50 years
Citigroup will wind up its operations in Haiti due to weak demand from institutional clients and lower international banking activity, ending its presence of more than five decades in the
July 08, 2024
Business|Europe|Technology
Airbus confirms it delivered 323 airplanes in first half
Airbus confirmed on Monday it had delivered 323 airplanes in the first half of the year, up 2% from 316 in the same period of 2023.
July 08, 2024
Business|Finance|Health
Masimo receives offer of up to $950 million for consumer business
Masimo said on Monday a potential joint venture partner is prepared to offer $850 million to $950 million for its consumer business, which includes health and audio
July 08, 2024
Business|Finance|Technology
Bitfarms names new CEO to guide it through strategic review
Bitcoin miner Bitfarms has appointed insider Ben Gagnon as its new chief executive officer to oversee a strategic review and navigate a dispute with its biggest shareholder, Riot Platforms
July 08, 2024
Business|Economy|Technology|US
Boeing strike the latest challenge for troubled planemaker
Boeing's U.S.
July 08, 2024
Asia|Business|Economy|Europe
Beijing steps up probe into EU brandy imports as trade tensions deepen after tariffs on Chinese EVs
Beijing steps up probe into EU brandy imports as trade tensions deepen after tariffs on Chinese EVs
July 08, 2024
Business|Finance|Stock Markets
Vista Outdoor rejects MNC's buyout offer, agrees to CSG's sweetened bid for unit
Vista Outdoor on Monday rejected investment firm MNC Capital's final buyout offer of $3.2 billion, citing that it undervalued the company, and said it had agreed to an increased bid for its
July 08, 2024
Business|Technology
ASML CEO says world needs the legacy chips China is producing, Handelsblatt reports
Chip buyers, including the German car industry, need the older generation computer chips that Chinese chipmakers are currently investing in, the CEO of equipment maker ASML said
July 08, 2024
Business|US
Archegos collapse driven by 'lies and manipulation,' US prosecutor says as trial closes
The 2021 collapse of Sung Kook "Bill" Hwang's Archegos Capital
July 08, 2024
Business|Economy|Europe|Finance
German insurers' body cuts growth outlook for 2024 premium income
German insurers expect to see a lower increase in premium income this year, the German Insurance Association (GDV) said on Monday, as the life insurance business struggles with a
July 08, 2024
Asia|Business|Economy|Technology
Samsung Electronics workers strike as union voice grows in South Korea
Samsung Electronics workers began a three-day strike for better pay on Monday, with their union pointing to further action should South Korea's
July 07, 2024
Business|Economy|News|US
John Deere to lay off roughly 600 employees from three US factories
John Deere to lay off roughly 600 employees from three US factories
July 07, 2024
Business|Europe
Corporate France braces for new era of political turmoil
France's business elite is anxious about volatile politics, inexperienced policymakers, street protests and a possible wave of
July 07, 2024
Asia|Economy|Finance|Technology|US|World
Battery maker SK On declares ‘emergency’ as EV sales disappoint, FT reports
South Korean electric vehicle (EV) battery producer SK On has declared itself in crisis as its customers struggle with disappointing EV sales in Europe and the U.S., the Financial Times
July 07, 2024
Asia|Business|Economy|Finance|News
Vietnam targeting Q3 GDP growth of 6.5%-7.0%, inflation below 4.5%, PM says
Vietnam is targeting gross domestic product (GDP) growth of 6.5%-7.0% in the third quarter, Prime Minister Pham Minh Chinh said on Saturday.
July 06, 2024
Asia|Business|Technology|US
Former ASML CEO says US-China chip fight will continue
The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that U.S.-China disputes over computer chips are
July 06, 2024
Business|Finance|Technology|US
Talen asks US regulators to reject challenge to Amazon data center deal
Talen Energy has asked U.S. regulators to reject a challenge to its recent Amazon data center deal, which is being opposed by a group of electric utilities that
July 05, 2024
Asia|Business|Economy|Europe|Finance
Europe's top cognac makers to attend China meeting on anti-dumping probe, source says
Leading European cognac producers will attend a hearing on China's anti-dumping probe of the industry in Beijing on July 18 - their first chance to defend themselves
July 05, 2024
Asia|Business|Finance|Stock Markets
Cathay Pacific to buy back remaining 50% of HK government's preference shares
Hong Kong's Cathay Pacific Airways will buy back the remaining 50% of preference shares that were issued to the Hong Kong SAR Government on July 31, the company said on Friday.
July 05, 2024
Business|Finance|Stock Markets|US
Nasdaq, S&P 500 hit record highs as payrolls data raises rate cut hopes
Wall Street stock indexes closed firmer on Friday, with the tech-heavy Nasdaq and benchmark S&P 500 hitting record highs,
July 05, 2024
Asia|Business|Finance|Technology
Several Chinese state firms in Shanghai buy Tesla Model Y cars
Several state-owned firms in China's financial hub of Shanghai have recently purchased Tesla's best-selling Model Y as service cars, a local government statement said on Friday.
July 05, 2024
Asia|Business|Economy
BYD's steep EV discounting in Thailand sparks backlash, PM seeks assurances
Thailand's consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD
July 05, 2024
Asia|Business|Technology
Toyota finds no new wrongdoing in certification investigation
Toyota Motor did not find any new cases of wrongdoing in the certification applications of its car models beyond the ones it had already reported last month, the Japanese automaker
July 05, 2024
Business|Europe|Finance|Technology
Atos says secures short-term funding through syndication agreements
French technology company Atos said on Friday it had successfully secured short-term financing via two tranches of loans from creditors, adding it still expected to reach a final
July 05, 2024
Australia|Business|Finance|Technology
Australian court rules PayPal's local unit used unfair contract term for small businesses
Australia's federal court has found that PayPal's local unit used an unfair term in its standard contracts with small business customers who overlooked errors in overcharging, the country's
July 05, 2024
Business|Economy|Finance|News
Canada's services PMI falls to three-month low in June
Canada's services economy moved back into contraction in June as a decline in new business weighed on the sector's performance even as inflation pressures cooled, S
July 04, 2024
Asia|News|World
Firms weigh removing Taiwan staff from China after death penalty threat
Some foreign companies are considering moving Taiwanese employees out of China after Beijing said it could impose the death penalty on "diehard" Taiwan independence
July 04, 2024
Asia|Business|Finance
Japanese insurers, banks to sell Honda shares worth $3.3 billion, filing shows
Japanese financial groups including Tokio Marine, Sompo and two MS&AD units will sell Honda Motor shares worth 535 billion yen ($3.3 billion) to unwind cross-shareholdings, a
July 04, 2024
Business|Europe|Finance|Stock Markets|US
European shares advance on rate optimism; UK election in focus
European shares rose on Thursday amid optimism around U.S. interest rate cuts following soft economic data, while London markets gained as
July 04, 2024
Business|Europe
Lufthansa to consider raising stake in ITA to 90%, CEO says
Lufthansa will consider raising its stake in Italy's ITA Airways to 90%, starting from early next year, the CEO of the German airline said in an interview published on Thursday.
July 04, 2024
Business|Economy|Europe|Finance|News|Stock Markets|US
Stocks stretch record run, pound pauses as UK votes
World stocks clocked up more record highs on Thursday after U.S. data narrowed the odds on a September Fed interest rate cut, while Europe was on politics watch again as UK voters
July 04, 2024
Business|News|Technology
Former Boeing inspector alleges ‘scrap’ parts ended up on assembly lines
Former Boeing inspector alleges ‘scrap’ parts ended up on assembly lines
July 04, 2024
Business|Economy|Finance|US
McKinsey wins dismissal of Jay Alix's lawsuit over bankruptcy conflicts
A U.S. judge dismissed turnaround specialist Jay Alix's lawsuit accusing consulting giant McKinsey & Co of misleading bankruptcy courts about conflicts of
July 03, 2024
News|US
US judge partially blocks FTC ban on worker noncompete agreements
A federal judge in Texas on Wednesday partially blocked a U.S.
July 03, 2024
Business|Technology
Amazon to wind down its Astro for Business security robot
Amazon.com said on Wednesday it would discontinue its security robot, Astro for Business, for small- and medium-sized businesses as it shifts its focus to household robots.
July 03, 2024
Business|Economy|Finance|US
US banks' commercial real estate loan worries linger after latest tumble
Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest
July 03, 2024
Economy|News|US
US service sector sags in June as orders sink
A measure of U.S. services sector activity slumped to a four-year low in June amid a sharp drop in orders, potentially hinting at a loss of momentum in the economy at the end of
July 03, 2024
Business|Europe|Technology
ASML expansion in Veldhoven can proceed, Dutch court rules
Semiconductor production equipment maker ASML may continue with an expansion under way at its headquarters in Veldhoven, the Netherlands' Council of State ruled on Wednesday,
July 03, 2024
Business|Finance|News|Stock Markets
Constellation Brands beats quarterly profit estimates on strong beer business
Corona beer maker Constellation Brands on Wednesday beat Wall Street estimates for first-quarter profit, helped by strong demand for its core beer brands, which offset the sluggish wines
July 03, 2024
Business|Finance|News|US
US law firms smell opportunity as Supreme Court guts agency powers
Law firms are capitalizing on client uncertainty sparked by a flurry of new U.S.
July 03, 2024
Economy|Europe
Euro zone business growth slowed sharply in June, PMI shows
Overall business growth across the euro zone slowed sharply last month as a solid expansion in the bloc's dominant services industry failed to offset a further deterioration in
July 03, 2024
Business|Finance|Stock Markets|US
Nippon Steel's Mori to visit US again next week for talks on US Steel takeover
Nippon Steel's vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel, a company spokesperson said on Wednesday.
July 03, 2024
Business|Finance
China's Kaisa gets seven-week stay on liquidation petition; adjournment likely its last
A Hong Kong court gave Chinese property developer Kaisa Group a seven-week respite on Monday to finalise a debt restructuring plan, adjourning a hearing on a
July 03, 2024
Business|Economy|Europe|Finance
German business sentiment unexpectedly darkens in June, Ifo says
German business morale unexpectedly fell in June amid increasing pessimism about the performance of Europe's largest economy, a survey of around 9,000 managers
July 03, 2024
Business|Economy|Europe|Finance
Downturn in UK factory orders eases but export demand weak, CBI survey shows
British manufacturing orders contracted in June at a reduced pace compared with a month earlier, despite a sharp drop in export orders, a survey from the Confederation of British Industry
July 03, 2024
Business|Finance
Italy's Eni aims to finalise Enilive stake sale by year-end, CEO says
Italian energy group Eni expects to complete the sale of a minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive Claudio Descalzi said on Monday.
July 03, 2024
Business|Europe|Finance|Technology
What next for Telecom Italia after network sale to KKR?
Telecom Italia (TIM) will finalise on July 1 the landmark sale of its fixed-line domestic access network to U.S. fund KKR, a deal that makes it the first phone
July 03, 2024
Business|Technology
Shopify expands access to its AI-powered features to attract more businesses
Shopify made its artificial intelligence-powered tools, including the Sidekick assistant and image-generation feature, available to more users on Monday, in a bid to
July 03, 2024
Business|Economy|Finance|Technology
Foxconn to invest $383 million in Vietnam circuit board plant, says state media
Foxconn Singapore has been awarded a licence to invest $383 million in a factory to produce printed circuit boards in Vietnam, state media reported on Monday.
July 03, 2024
Business|Finance
UPS announces sale of Coyote Logistics unit to RXO for $1 billion
United Parcel Service, the world's biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for $1.025 billion, the companies said on Sunday.
July 03, 2024
Business|Economy|Environment|News
Mission 2025 group urges governments to set more ambitious climate goals
Some of the world's biggest companies, finance houses, cities and regions have joined forces to urge governments to increase their climate
July 03, 2024
Business|Health
Wegovy-maker Novo Nordisk to spend $4.1 billion to boost US manufacturing
Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely popular
July 03, 2024
Business|Finance|US
TWFG Insurance reveals nearly 27% jump in net profit in US IPO filing
TWFG disclosed a nearly 27% jump in annual net profit on Monday, as the insurer revealed the paperwork for its initial public offering in the United States. The U.S.
July 03, 2024
Business|Economy|Finance
'Great Resignation' enters third year as workers embrace AI, upskilling, PwC says
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the "Great Resignation" period of 2022, a PwC survey of
July 03, 2024
Business|Economy|Finance|Stock Markets
Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows
Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japanese automaker disclosed in a regulatory filing on Tuesday.
July 03, 2024
Asia|Business|Finance
Chinese developer Shimao sweetens debt revamp terms ahead of liquidation hearing, sources say
Shimao Group has sweetened its offshore debt restructuring terms to garner support from creditors, said three sources, as the Chinese property developer
July 03, 2024
Business|Economy|Europe|Finance|Stock Markets
Eurofins denies short seller Muddy Waters' allegations after share fall
Lab testing firm Eurofins on Tuesday rejected allegations made a day earlier by short seller Muddy Waters which questioned its financial reporting and hit its shares, saying it was
July 03, 2024
Celebrity|Entertainment
Taylor Swift's concert film to get early-access screenings in US, Canada
Taylor Swift, the cultural juggernaut known for shattering records, said on Wednesday that the documentary film from her billion-dollar Eras concert tour will offer one-day early-access
July 02, 2024
Business|Economy|US
As oil majors cast shale nets, Texas oilman Sheffield made Pioneer the prized catch
Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion
July 02, 2024
Business|News|US
Donald Trump appears in New York court again for civil fraud trial
Donald Trump appeared in New York court on Tuesday for the third week of a civil fraud trial that could dismantle pillars of the former U.S. president's business empire.
July 02, 2024
Business|Economy|Finance|News|Stock Markets
Bond sell-off back, stocks steady, earnings and geopolitics on the agenda
Bond yields rose on Tuesday and stocks steadied as markets continued to retrace last week's moves to safe-haven assets, focusing on corporate
July 02, 2024
Business|News|US
Donald Trump fined $10,000 for second gag order violation in civil fraud case
Donald Trump was fined $10,000 on Wednesday after the New York judge overseeing his civil fraud trial said the former U.S. president for a second time
July 02, 2024
Business|Finance|Technology
Tesla raises price of high-performance Model Y in China by 14,000 yuan
Tesla Inc has increased the price for its Model Y high-performance version SUV in China by 14,000 yuan ($1,913.88) from Friday, it said on a social media notice.
July 02, 2024
Business
Restaurant serves up food, comfort during Lewiston manhunt
At Best Thai II in coastal Maine, the phone has been ringing off the hook.
July 02, 2024
MidEast|News|Technology|World
Israel's Mobileye CEO urges that Netanyahu be replaced immediately
The head of self-driving auto technologies firm Mobileye and one of Israel's leading businessmen, Amnon Shashua, on Sunday urged the immediate ouster of Prime Minister Benjamin
July 02, 2024
Business|Finance|Stock Markets|US
Wall St rallies 1%, yen gains vs dollar; talk of BOJ policy tweak
Global stock indexes advanced on Monday, with U.S. stocks rallying more than 1% after recent sharp declines, while the yen rose to a two-week high against
July 02, 2024
News|US
US Senator Schumer urges FTC to probe Exxon, Chevron mega-deals
U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S.
July 02, 2024
Asia|Technology
Japan's efforts to foster chip sector are 'impressive' - research org head
Japan's efforts to regain its position as a leading manufacturer of chips are "impressive", the head of a leading chip research organisation said on Thursday.
July 02, 2024
Business|Economy|Finance|Stock Markets
Investment bankers see dealmaking lull storing pent-up demand
Some of the world's top investment bankers said on Wednesday that a drop in corporate dealmaking in 2023 sets the stage for a pick-up in activity once uncertainty
July 02, 2024
Business|Finance|Technology|US
Boeing sets sights on annual airplane delivery target after slow October
Boeing must deliver 70 narrowbody 737s and 14 widebody 787 Dreamliners in November and December to meet its target for 2023, setting the U.S. planemaker up
July 02, 2024
Business|Finance|News|US
Citigroup CEO announces management changes, 'difficult' decisions
Citigroup CEO Jane Fraser announced the next layer of management changes in a sweeping reorganization, according to a memo to staff on Monday.
July 02, 2024
Business|Finance|Stock Markets|Technology
Jeff Bezos expected to sell more Amazon shares worth $1 billion - CNBC
Amazon.com founder Jeff Bezos is expected to offload more of his stake in the company on Tuesday after selling shares worth about $240 million last week, CNBC reported, citing a source.
July 02, 2024
Australia|Business|Finance|News|Stock Markets
Investors expected to vote against Brookfield's $10.6 billion bid for Australia's Origin Energy
A Brookfield-led consortium's A$16.3 billion ($10.61 billion) bid for Origin Energy is expected to fail after the largest shareholder in
July 02, 2024
Business|Finance|Stock Markets|US
Exclusive-Choice Hotels prepares to challenge Wyndham's board -sources
Choice Hotels International is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts, seeking to break a stalemate in an $8 billion takeover battle,
July 02, 2024
Business|Technology
Taiwanese Tesla supplier Hota retools supply chain with first US factory
For years, Hota Industrial Mfg.
July 02, 2024
Business|Economy|Finance|US
Analysis-After Munger's death, Berkshire succession comes into focus
The death of Berkshire Hathaway's Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend and shining the spotlight
July 02, 2024
Business|Finance|Technology
Apple told component suppliers to source iPhone 16 batteries from India- FT
Apple has informed component suppliers of its preference to source batteries for the forthcoming iPhone 16 from Indian factories, the Financial Times reported on Wednesday.
July 02, 2024
Business|Economy|Finance|US
Analysis-US airlines' plans for growth constrained by antitrust concerns
Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which then puts them in
July 02, 2024
Business|Economy|Finance|Stock Markets|US
Investor group launches $5.8 billion buyout bid for Macy's- WSJ
An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy's private, after stiff competition from online
July 02, 2024
Asia|Business|Technology|US
Nvidia to expand ties with Vietnam, support AI development
U.S. chipmaker Nvidia's chief executive said on Monday the company will expand its partnership with Vietnam's top tech firms and support the country in training talent for developing
July 02, 2024
Business|Economy|Finance|US
Nippon Steel confident hefty premium for U.S. Steel makes sense
Nippon Steel said on Tuesday it can afford to pay $14.9 billion for U.S.
July 02, 2024
Business|Economy|Europe|Technology
Airbus on course for record jetliner orders in 2023, sources say
Airbus is on course to break aerospace order records in 2023 after a buying spree from European airlines and a brisk month so far in deliveries, industry sources said
July 02, 2024
Business|Fashion and Beauty|Finance|US
Prada buys New York Fifth Avenue store building for $425 million
Italian fashion house Prada has paid $425 million to buy the building on Fifth Avenue in New York which currently hosts its store, the company said on Wednesday.
July 02, 2024
Business|Food
China's new thirst for coffee spurs cut-throat cafe competition
Chinese coffee consumption is growing quickly, spurring cut-throat competition between local and foreign coffee chains that have opened
July 02, 2024
Business|Economy|Finance|US
U.S. property reinsurance rates rise by up to 50% on Jan 1-broker says
U.S. property catastrophe reinsurance rates rose by as much as 50% on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup
July 02, 2024
Business|Europe|Finance
Carrefour says it will not sell PepsiCo goods due to price hikes
Carrefour is telling customers it will no longer sell PepsiCo products like Pepsi, Lay's crisps and 7up because they had become too costly, in the latest tug-of-war
July 02, 2024
Business|Economy|Finance|Stock Markets|US
Stocks fall, yields inch higher; focus on upcoming US inflation data, earnings
Global stock indexes fell and Treasury yields edged higher on Tuesday, with investors bracing for key U.S. inflation data this week and the start of
July 02, 2024
Business|Technology
CNN boss plans to merge newsgathering ops, explores digital subscription model - WSJ
CNN's new CEO Mark Thompson plans to combine all newsgathering operations of the news network into one unit that would serve its television, streaming and digital platforms, the Wall
July 02, 2024
Business|Economy|Technology
AI buzzes Davos, but CEOs wrestle with how to make it pay
Bright banners tout the promise of artificial intelligence along the main promenade of Davos, but executives at the World Economic Forum (WEF) say they
July 02, 2024
Business|Technology|US
United CEO kickstarts Airbus talks amid Boeing delays- sources
United Airlines has approached Airbus about buying more A321neo jets to fill a potential void left by the delayed Boeing 737 MAX 10, in a trade-off likely to ease deadlock
July 02, 2024
Business|Finance|Stock Markets|US
Mattel draws activist investor seeking changes at toymaker - WSJ
Activist investor Barington Capital has set its sights on Mattel and is seeking big changes to boost the toymaker's stock, the Wall Street Journal reported on Thursday.
July 02, 2024
Asia|Business|Economy|Finance|Stock Markets|Technology|US
Asian shares buoyed by US tech bounce, payrolls in focus
Asian shares were buoyed by a late bounce in U.S. tech on Friday as results from Meta and Amazon beat expectations, while investors are bracing for U.S. jobs figures,
July 02, 2024
Asia|Business|Finance|News|Stock Markets
New highs for Nikkei, Hong Kong limps to holiday break
Japanese shares hit 34-year highs on Friday and strong earnings had the S&P 500 at record close, while oil prices were set for a sharp weekly rise on Israel's
July 02, 2024
Asia|Business|Economy|Technology|Travel
Thai Airways to acquire 45 wide-body Boeing jets
Thai Airways International said on Wednesday it has entered into an agreement with Boeing and GE Aerospace for a firm order of 45 wide-body jets to expand its fleet, with
July 02, 2024
Business|Finance|Technology
Sony slashes PS5 sales target, plans 2025 IPO for financial unit
Japan's Sony slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on
July 02, 2024
Business|Technology|US
Boeing, pressured over 737 MAX 9 blowout, says January deliveries shrank 29%
Boeing said on Tuesday it delivered 27 airplanes in January, which was down 29% from the same month last year as regulators, lawmakers and customers pressured
July 02, 2024
Business|Finance|Science|Stock Markets|Technology
Intuitive Machines rockets higher after landing spacecraft on moon
Shares of Intuitive Machines shot up 43% in premarket trading after the space exploration company became the first private firm to successfully land a spacecraft on the moon.
July 02, 2024
Business|Technology|US
AT&T to credit customers a full day of service for Thursday outage
AT&T will credit customers a full day of service for the carrier's more than 10-hour outage on Thursday that affected more than 70,000 users, saying it was the "right thing to do."
July 02, 2024
Business|Finance|Stock Markets
Hybrids, gas vehicles fuel legacy automakers' shares past EV rivals
Shares of legacy automakers have outpaced their electric counterparts over the last few weeks, as investors respond to company decisions to prioritize higher-margin, gas-
July 02, 2024
Business|Economy|Environment|News|Science|Technology
Inside a copper output plunge at No. 1 global producer Codelco
Beneath the world's largest open-pit copper mine in Chile lies a tunnel complex filled with dust so dense that machines frequently
July 02, 2024
Business|Economy|Finance
Embattled lender NYCB seeks cash infusion, WSJ reports
Embattled lender New York Community Bancorp is seeking a cash infusion, the Wall Street Journal reported on Wednesday.
July 02, 2024
Business|Economy|Finance|Stock Markets
High-profile hedge fund managers line up launches for 2024
A bumper crop of 40 high-profile hedge fund launches by former portfolio managers of multi-billion dollar firms is expected this year,
July 02, 2024
Business|Finance|US
Exclusive-Nordstrom's founding family in new bid to take U.S. retailer private, sources say
The founding family behind Nordstrom Inc is seeking to take the U.S. department store operator private, six years after a similar
July 02, 2024
Asia|Business|Economy|Europe|News
Factbox-How companies are responding to attacks on ships in the Red Sea
Companies are responding to disruptions to shipping on the shortest route between Europe and Asia.
July 02, 2024
Business|Economy|Finance|US
US durable goods orders rebound in February
Orders for long-lasting U.S. manufactured goods increased more than expected in February, while business investment on equipment appeared to improve in the first quarter.
July 02, 2024
Business|Finance|US
Home Depot to buy SRS Distribution in $18.25 billion deal
Home Depot said on Thursday it would buy building products distributor SRS Distribution in a deal valued at about $18.25 billion including debt.
July 02, 2024
Business|Economy|Finance|Stock Markets|Technology|US
General Motors results beat targets, forecast raised, shares jump
General Motors on Tuesday posted quarterly results that topped Wall Street targets and the automaker raised its annual forecast, citing stable pricing and demand for
July 02, 2024
Business|Finance|Stock Markets|Technology|US
Tepid US data hits stocks, lifts Treasury yields to over 5-month high
Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech
July 02, 2024
Asia|Business|Technology
India 'shocked' as Musk's surprise China visit leaves them spurned
Elon Musk's surprise visit to China this week won concessions for Tesla but left India feeling spurned after he cancelled a scheduled trip there for earlier this
July 02, 2024
Business|Technology|US
Musk disbands Tesla EV charging team, leaving customers in the dark
Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to
July 02, 2024
Business|Economy|Finance|Stock Markets|US
Buffett says Berkshire in good hands, lauds Apple despite lowering stake
Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job,
July 02, 2024
Business|Finance|US
Berkshire shareholders reject climate, diversity, China proposals
Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren
July 02, 2024
Business|Finance|US
At Berkshire Hathaway meeting, Warren Buffett to field questions on growth, dividend and succession
Warren Buffett takes center stage in Omaha for Berkshire Hathaway's annual shareholder meeting on Saturday, as investors size up his
July 02, 2024
Business|Finance|US
Alaska Air says Boeing issued $61 million in credit memos to address grounding hit
Alaska Air Group has received $61 million in supplier credit memos from Boeing as additional compensation for the hit from a temporary grounding of 737 MAX 9 jets, the carrier said on
July 02, 2024
News|US
Biden touts new $3.3 billion Microsoft data center at failed Foxconn site Trump backed
U.S.
July 02, 2024
Asia|Business|Economy|News|World
Pakistan PM unveils broader plan to sell most state-owned firms
Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime Minister Shehbaz Sharif said on Tuesday, broadening its
July 02, 2024
Business|Europe
Anglo American has sought fertiliser partners for months, says CEO
Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, Chief Executive Duncan Wanblad told
July 02, 2024
Business|Finance|News|Stock Markets|Technology|US
Boeing shareholders vote to keep departing CEO on planemaker's board
Boeing’s departing CEO Dave Calhoun was re-elected to stay on
July 02, 2024
Asia|Business|Economy|Finance
Japan's business service prices rise at fastest annual pace since March 2015
Japanese corporate services prices in April rose at their fastest pace since early 2015, Bank of Japan data showed on Tuesday, boosted by labour costs in the services sector in a
July 02, 2024
Business|Travel|US
US business travel is back but it looks different, hotel CEOs say
Business travel has returned to the United States, hotel executives at a New York industry conference said this week, as companies of all sizes are increasingly
July 02, 2024
Asia|Business|Finance|Technology
Samsung Electronics union in South Korea stages first walkout
A workers' union at Samsung Electronics staged its first walkout on Friday, signalling more assertiveness among employees just as South Korea's most
July 02, 2024
Business|Economy|Finance|News|Stock Markets|US
S&P 500, Nasdaq notch record closing highs ahead of CPI, Fed decision
The Nasdaq and the S&P 500 rose on Tuesday to end at all-time highs, reversing early losses as investors prepared for upcoming inflation data and the U.S.
July 02, 2024
Business|News|US
States sue US to block rule that oil firms guarantee payment to dismantle old wells
Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration's proposed rule that would require the offshore oil and
July 02, 2024
Business|Europe|Finance
Poland's LPP says police are investigating Hindenburg Research
Polish police have opened an investigation into possible manipulation of financial instruments by Hindenburg Research, fashion group LPP said on Thursday.
July 02, 2024
Business|Finance|News|Stock Markets|US
SLB, ChampionX get second request from DoJ for proposed $8 billion deal details
Oilfield services company SLB said on Tuesday it has received a second request for additional information from the United States Department of Justice in connection with its $7.75 billion
July 02, 2024
Business|Technology
CDK Global says ‘substantially all’ dealers are back online after a crippling hack
CDK Global says ‘substantially all’ dealers are back online after a crippling hack
July 02, 2024
Business|Technology
Apple poised to get OpenAI board observer role as part of AI pact, Bloomberg News reports
Apple will get an observer role on OpenAI's board as part of a landmark AI agreement announced last month, Bloomberg News reported on Tuesday.
July 02, 2024
Business|Finance|Stock Markets|Technology|US
Ford urges its managers to buy more EVs with new leasing policy
Ford Motor is trying to get more of its managers to buy electric vehicles, according to an internal email the automaker sent last week that was reviewed by Reuters.
July 02, 2024
Business|Health
Walmart has held talks to sell its shuttered medical clinics, Fortune reports
Walmart has held talks with potential buyers to sell its already shuttered medical clinics, Fortune reported on Tuesday, citing multiple sources familiar with the matter.
July 02, 2024
Business|Economy|News
FTC unanimously moves to block $4 billion merger of mattress giants
FTC unanimously moves to block $4 billion merger of mattress giants
July 02, 2024
Business|Finance|Stock Markets|US
Icahn-owned oil refiner CVR bidding in Citgo share auction, sources say
Oil refiner CVR Energy, controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the
July 02, 2024
Economy|Europe|Finance
Euro zone consumer confidence rises to -14.0 in June
Euro zone consumer confidence rose by 0.3 point in June from the May number, figures released on Thursday showed.
July 02, 2024
Business|Finance|News|Stock Markets
LSEG announces multi-year news and data partnership with Dow Jones
The London Stock Exchange Group announced a multi-year news and data partnership with Dow Jones that will include content from the Wall Street Journal, the companies said on Tuesday.
July 02, 2024
Asia|Business|Finance
Toyota Group suppliers Denso, Aisin scale back cross-shareholdings, filing shows
Two of Toyota's top suppliers, Denso and Aisin, have sold off holdings in several Toyota-affiliated companies, regulatory filings showed on Thursday, in the latest reduction of cross
July 02, 2024
Business|Economy|Finance|Technology
Tesla sales fall for second straight quarter despite price cuts, but beat analyst expectations
Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weaking demand for the company’s products and electric vehicles overall
July 02, 2024
Business|Finance
Air Canada to get eight Boeing 737 MAX jets from lessor BOC Aviation
Air Canada said on Tuesday that it has agreed to receive eight Boeing 737 MAX 8 jets from lessor BOC Aviation.
July 02, 2024
Asia|Business|Economy|Finance
The short seller that took on Gautam Adani made surprisingly little money
The short seller that took on Gautam Adani made surprisingly little money
July 02, 2024
Asia|Business|Economy|Finance
Malaysian, Chinese firms sign deals worth $2.8 billion in potential investments
Malaysian and Chinese firms signed agreements on Thursday for potential investments worth 13.2 billion ringgit ($2.80 billion) to collaborate in sectors ranging from oil and
July 02, 2024
Business|Europe|Finance
Citi bets on Europe despite political uncertainty, regional CEO says
Citigroup is looking to boost its business in Europe despite political instability on the continent spooking investors, the bank's new head of the region Ignacio
July 02, 2024
Business|Economy|Finance|Stock Markets
India's Vedanta to raise $120 million via debt issue
Indian metals-to-oil conglomerate Vedanta will raise up to 10 billion rupees (nearly $120 million) by issuing non-convertible debentures through a private placement, the company
July 02, 2024
Asia|Australia|Business|Finance|Food|Stock Markets
Guzman Y Gomez shares jump 36% in biggest Australian IPO this year
Mexican food chain Guzman Y Gomez served up Australia's best initial public offering debut in three years with its shares leaping more than one-third on their first
July 02, 2024
Asia|Business|Economy|Finance
Vietnam finalising plan for fund to attract foreign investment
Vietnam's Ministry of Planning and Investment is finalising a draft plan to set up a fund to help attract foreign investment and maintain the country's competitiveness, according to
July 02, 2024
Business|Economy|Finance
Hong Kong flags retail challenges as May sales slump 11.5% y/y
Hong Kong's May retail sales fell 11.5% from a year earlier, government data showed on Tuesday, reflecting a surge in outbound trips, strength in local currency and a high base
July 02, 2024
Business|Finance|Stock Markets|US
Spirit Aero chief in spotlight as Boeing searches for new CEO
Boeing's long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker's
July 02, 2024
Business|Economy
New Petrobras CEO says president wants firm to boost national economy
The chief executive of Brazilian oil giant Petrobras, Madga Chambriard, said the country's president asked her to work toward boosting the nation's economy while maintaining
July 02, 2024
Business|Economy|Finance|News
Qatar Airways posts 39% jump in annual profit to record $1.67 billion
Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday.
July 02, 2024
Business|Europe|Finance|Travel
Ryanair traffic rises 11% to record high in June
Ryanair flew a record 19.3 million passengers in June, up 11% from a year earlier, the low-cost airline said on Tuesday.
July 02, 2024
Business|Environment|Technology
German industry turns to solar in race to cut energy costs
For months, Philip Matthias tried to convince his father to install solar panels on their company's roof in the eastern German state of Thuringia, aiming to cut
July 02, 2024
Asia|Business|Finance|Stock Markets
Major Japanese insurers to offload $3.1 billion of Honda shares, sources say
Four of Japan's top property and casualty insurers and other financial firms plan to sell around 500 billion yen ($3.1 billion) of shares in Honda Motor, three people said, as the
July 02, 2024
Technology
Apple suspends work on next high-end headset, to focus on cheaper model, the Information reports
Apple has suspended work on its next high-end Vision headset, the Information reported on Tuesday, citing an employee at a manufacturer that makes key components for the Vision Pro.
July 02, 2024
Asia|Business|Technology
Microsoft consolidates retail channels in China
Microsoft is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorised physical retailers in the
July 02, 2024
Business|Finance|Technology|US
EV startup Fisker's U.S. units file for bankruptcy
Electric vehicle startup Fisker, which sought Chapter 11 protection earlier this week, said its U.S. units had also filed for bankruptcy in a court in Delaware on Wednesday.
July 01, 2024
Business|Technology|US
GE Aerospace extends CEO Culp's contract till end of 2027
GE Aerospace said it has extended chief executive Larry Culp's tenure till the end of 2027, with a possibility of further extension by another year, a regulatory filing showed on Monday.
July 01, 2024
Asia|Business|Economy|News
Toyota's chairman sees shareholder backing slide to 72% amid governance concerns
Shareholder backing for Toyota Chairman Akio Toyoda slid for a second straight year, results from its annual general meeting showed on Wednesday, with his support
July 01, 2024
Business|Technology
Airbus deliveries rose 2% in first half, sources say
Airbus delivered a preliminary total of around 67 airplanes in June, bringing the total for the first half of the year to around 323 aircraft, up 2% from the same period
July 01, 2024
Business|Finance|US
NY grocer Gristedes to spend millions to settle US greenhouse gas charges
The New York supermarket chain Gristedes will pay a $400,000 civil fine and spend $13.5 million on repairs and upgrades to settle charges that its store
July 01, 2024
Asia|Business|Economy|Finance
Kaisa chairman returns to Shenzhen to meet regulators, sources say
The chairman of defaulted Chinese developer Kaisa Group returned to mainland China from Hong Kong for the first time in almost a decade to get regulatory
July 01, 2024
Lifestyle|News|Opinion
Community rallies together after family loses Rapidan Dam Store, home in same week
Community rallies together after family loses Rapidan Dam Store, home in same week
July 01, 2024
Business|Economy|World
Trump Tower is coming to Saudi Arabia
Trump Tower is coming to Saudi Arabia
July 01, 2024
Celebrity|Crime|Entertainment|News
TV personality Carlos Watson testifies in his trial over collapse of startup Ozy Media
Former TV host Carlos Watson has taken the witness stand in the criminal trial surrounding the collapse of his Ozy Media
July 01, 2024
Business|News|Sports
Ownership group of NBA champion Boston Celtics is putting team up for sale
The ownership group that controls the NBA champion Boston Celtics says it intends to sell all its shares of the team
July 01, 2024
Business|Celebrity|Finance
Katy Perry-backed food products firm Bragg explores sale, sources say
Bragg Live Food Products, which is backed by celebrities Katy Perry and Orlando Bloom, is exploring a sale that could value the maker of apple cider vinegar
July 01, 2024
Business|Economy|Entertainment
Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection
Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection
July 01, 2024
Business|Finance|Stock Markets|Technology|US
What is Chewy, the pet products website 'Roaring Kitty' is championing?
Keith Gill, the meme stock trader "Roaring Kitty," thrust Chewy Inc into the spotlight when he made a $245 million bet on the online pet products
July 01, 2024
Americas|Business|Finance|US
Colombian airline Avianca plans to confidentially file for US IPO
Avianca Group plans to confidentially file for an initial public offering in the United States, the holding company for the Colombian airline said on Monday.
July 01, 2024
Business|Europe|Finance
Carrefour sees more upside from Cora and Match acquisition
Europe's biggest food retailer Carrefour said on Monday it was expecting greater financial benefits from the acquisition of the Cora and Match retailers than previously,
July 01, 2024
Business|Finance|Technology
Why a hack at CDK Global is casting a shadow on US auto sales
CDK Global said on Monday it anticipates all dealers to be live on its dealer management system (DMS) by late July 3 or early morning on July 4, about two weeks after a cyberattack-led
July 01, 2024
Africa|Economy|Finance|News
New South African government inspires hope and fear
South Africa's new unity government inspired cautious optimism on Monday from industry and financial markets but many citizens and political analysts fear
July 01, 2024
Business|Economy|Finance
Airbus may end up owning some Spirit Aero assets in Scotland, Malaysia
Airbus may end up owning some assets of Spirit AeroSystems in Scotland and Malaysia if the transatlantic supplier is unable to find a buyer for them, a filing from
July 01, 2024
Business|Economy|Finance|News
Chile lithium projects garner interest from over 50 companies
More than 50 companies have expressed interest in developing lithium projects in Chile, Finance Minister Mario Marcel said on Tuesday,
July 01, 2024
Business|Economy|Environment|News|US
Oil and corn groups team up against Biden's tailpipe emissions rules
The top U.S. oil and corn industry lobby groups said on Tuesday they were suing President Joe Biden's administration over its plans to slash planet-warming tailpipe emissions from cars and
July 01, 2024
News|US
Supreme Court 'swipe fees' ruling may open US regulations to more suits
The U.S.
July 01, 2024
Africa|Business|Economy|Health
South African pharmacy chain Clicks to sell drug maker after court ruling
South African pharmacy chain Clicks Group said on Monday it would sell drug maker Unicorn Pharmaceuticals to comply with a court ruling, clearing the way for the health ministry to issue
July 01, 2024
Business|Economy|Europe|Finance
Inflation down in five German states, pointing to national decline
Inflation fell in five important German states in June, preliminary data showed on Monday, suggesting that national inflation could decline this month.
July 01, 2024
Business|News|Technology
Boeing agrees to buy spinoff Spirit Aerosystems as part of plan to shore up safety
Boeing agrees to buy spinoff Spirit Aerosystems as part of plan to shore up safety
July 01, 2024
Business|Europe|Finance|Technology
Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says
A Russian consortium leading a buyout of Yandex, often dubbed Russia's Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9
July 01, 2024
Business|Economy|Finance
Greece to set up its first sovereign wealth fund, reform posting, bus services
Greece will set up its first sovereign wealth fund to sell state assets such as estate property, ports and public utilities that were not sold during its debt crisis, its finance
July 01, 2024
Business|Finance|Technology
Blackstone makes $1.7 billion bid for Japan e-comics platform Infocom
Blackstone launched a 275.8 billion yen ($1.74 billion) bid to take Japanese digital comic distributor Infocom private, including a tender offer for a per-share price of 6,060 yen,
July 01, 2024
Asia|Business|Economy|Technology|US
Boeing restarts new plane deliveries to China
Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body
July 01, 2024
News|Political
In a proud and troubled UK town, voters wonder whether their election choice will make a difference
A lot of politicians have promised change to voters in Hartlepool, a wind-whipped port town in northeast England
July 01, 2024
Business|Economy|Finance|Technology
Embraer a 'great solution' for carriers to add capacity more quickly, CEO says
Brazilian planemaker Embraer sees itself as a "great solution" for carriers to add capacity more quickly amid constraints to 'big' narrowbody
July 01, 2024
Business|Economy|Education
Millions in Nigeria have little to no electricity. It's straining businesses and public services
The lack of reliable electricity severely affects education and businesses in Nigeria
July 01, 2024
Business|Finance|Stock Markets|US
World stocks, US yields gain after French election results
Global stocks edged higher in choppy trading on Monday, while U.S.
July 01, 2024
Asia|Business|Economy|Finance
South Korea factory activity sees fastest growth in 26 months on rising demand
South Korea's factory activity growth quickened in June to the fastest in 26 months, as new orders jumped on improving global demand, a private-sector survey showed on
June 30, 2024
Business|Crime|Europe|Finance|Technology
Cyber insurance rates fall as businesses improve security, report says
Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in
June 30, 2024
Asia|Business|Economy|Technology
Hitachi plans to sell 40% stake in Johnson Aircon JV, Bloomberg reports
Japan's Hitachi is considering selling its 40% stake in an air-conditioning joint venture with Johnson Controls International Plc, Bloomberg News reported on Tuesday, citing people
June 30, 2024
Business|Economy|Finance|US
Caterpillar's Russian assets transferred to firm owned by Armenian fund
U.S. machinery maker Caterpillar's former Russian assets have been transferred to a company owned by Armenian investment fund Balchug Capital, Russian company filings showed.
June 30, 2024
Business|Finance|Technology
Nidec sees AI-related business expanding to more than $6 billion
Japanese electronic motor maker Nidec sees its business in water-cooling modules for generative artificial intelligence data centres expanding to 1 trillion yen ($6.32 billion) in
June 30, 2024
Asia|Business|Economy|Finance
BOJ index shows more Japan firms passing on wage costs in services prices
The price Japanese companies charge each other for services with high labour costs rose 2.8% in April from a year earlier, the fastest increase in nearly four years,
June 30, 2024
Business|Finance
South Korea's SK Hynix to invest $75 billion by 2028 in AI, chips
South Korea's SK Hynix, the world no.2 memory chip maker, will invest 103 trillion won ($74.6 billion) through 2028 to strengthen its chips business, focusing on AI, its parent SK
June 30, 2024
Asia|Business|Economy
China non-manufacturing expansion slows in June
China's non-manufacturing activity expanded at a much slower pace in June, an official survey showed on Sunday, as consumers remained wary of spending amid property downturn and
June 30, 2024
Asia|Finance|Stock Markets
Hong Kong says stock market to stay open during typhoons from Sept 23
Hong Kong's stock market will stay open during typhoons and heavy rain effective Sept. 23, a change that will help maintain the global financial hub's competitiveness, city
June 30, 2024
Business|Finance|Technology
Tesla kicks off legal fight to reinstate Musk's pay
Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk's record compensation, telling a Delaware judge that it "significantly
June 30, 2024
Business|Economy|Europe
Norway's Schibsted to cut 250 jobs in cost drive
Norwegian online classified ads group Schibsted will cut around 250 jobs in the Nordic region as part of a restructuring plan to reduce costs and boost efficiency, the company said on
June 30, 2024
Business|Finance|Technology
You.com startup is raising $50 million as it targets AI-assistant market, says source
The startup behind You.com is raising $50 million in fresh capital, a person familiar with the effort said, as it seeks a foothold in the growing market for
June 29, 2024
Business|News
Tractor Supply Co. backtracks on DEI roles and goals
Tractor Supply Co. backtracks on DEI roles and goals
June 29, 2024
Business|Finance|Stock Markets|Technology
GameStop shares tumble after CEO says store network will shrink
Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores, but did
June 29, 2024
Business|Europe|Fashion and Beauty|Health|Stock Markets
Boots chief quits after Walgreens' sale plan stalls
The boss of British health and beauty retailer Boots is quitting after U.S. owner Walgreens Boots Alliance's plans for a sale or stock market listing of the chain stalled, according to a
June 29, 2024
Business|Economy|Finance|Food
Nestle sees stable sales growth from Q2, CEO tells paper
Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss
June 29, 2024
Business|Finance
Market conditions drive international airlines away from Brazil, Airbus says
Complicated market conditions have prevented foreign airlines from launching local operations in Brazil, planemaker Airbus' head in the country told
June 29, 2024
Business|Finance|Technology
Ford expects profitable $30,000 EV in two and a half years, CNBC reports
Ford Motor Co expects to launch a $30,000 EV that could be profitable in about two and a half years but did not provide any further details on the vehicle, CNBC reported on Friday.
June 28, 2024
Food
An analyst ordered 75 Chipotle burrito bowls to test portion sizes
An analyst ordered 75 Chipotle burrito bowls to test portion sizes
June 28, 2024
Business|Lifestyle|Uncategorized
6-year-old girl gets special ribbon cutting ceremony for entrepreneurship
6-year-old girl gets special ribbon cutting ceremony for entrepreneurship
June 28, 2024
Business|Environment
Tractor Supply is ending DEI and climate efforts after conservative backlash online
Tractor Supply says it is ending an array of corporate diversity and climate efforts
June 28, 2024
Business|Finance
3M to transfer about $2.5 billion of US pension obligations to Met Tower Life Insurance
3M said on Thursday it would transfer about $2.5 billion of its U.S. pension payment obligations and related plan assets for nearly 23,000 U.S. retirees and beneficiaries to Metropolitan
June 28, 2024
Business|Europe|Finance|Stock Markets
Automakers lead European shares lower; Italian stocks slide
European shares slipped on Thursday, with automakers falling on continued jitters over the European Union's new tariffs on imported Chinese electric
June 28, 2024
Business|Entertainment|US|Videos
Disney, Florida's DeSantis end spat with deal on 15-year expansion plan
Disney and Florida Governor Ron DeSantis have put an end to their feud with a deal that allows the entertainment giant to develop the Walt Disney World Resort near Orlando for the next 15
June 28, 2024
News|US
Yellen: US growth needs public, private investments, China subsidies excessive
U.S.
June 28, 2024
Business|Technology
Brazil's TIM may benefit from Telecom Italia's network sale
The chief executive of TIM Brasil, Alberto Griselli, said on Thursday that its parent company Telecom Italia's agreement to sell its physical network
June 28, 2024
News|US
Blue Origin, SpaceX and United Launch Alliance picked for Pentagon rocket launch contracts
The U.S.
June 28, 2024
Business|Finance|Technology|US
Musk's small-investor army cheers approval of $56 billion Tesla pay package
Elon Musk's army of small-investor allies took a victory lap on Thursday as the Tesla CEO won a critical shareholder vote for his $56 billion pay package
June 28, 2024
Business|Finance
China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price
China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the
June 28, 2024
Business|Economy|Finance|Stock Markets
UK's Crest Nicholson says Bellway's new proposal undervalues group
British homebuilder Crest Nicholson said on Friday rival Bellway's revised and unsolicited 650 million pound ($828 million) all-share takeover offer "significantly undervalued" the group,
June 28, 2024
Business|Economy|Finance|News|Stock Markets|Technology
Norway wealth fund to continue 'constructive dialogue' with Tesla after AGM
Norway's $1.7 trillion wealth fund, a top shareholder in Tesla, will continue "a constructive dialogue" with the automaker after its annual general meeting endorsed CEO Elon Musk's $
June 28, 2024
Business|Economy|Finance|US
NYCB acquired Signature Bank assets with total fair value of $37.8 billion
New York Community Bancorp said on Thursday it acquired the assets of the failed Signature Bank with an estimated total fair value of $37.8 billion.
June 28, 2024
Business|Europe|Finance
Tesco chairman says 'no difficulty' defending CEO's $13 million pay package
The chairman of Tesco told investors on Friday he had "no difficulty" defending the near 10 million pound ($13 million) pay package of the British supermarket group's
June 28, 2024
Business
OpenAI CEO says company could become for-profit corporation, The Information reports
OpenAI CEO Sam Altman told some shareholders that the company is considering changing its governance structure to a for-profit business that the firm's nonprofit board doesn't control, The
June 28, 2024
Business|News|Sports
The Dutchman who gets Nike and Lego into wartime Russia’s stores
Nike stopped selling its sportswear to Russia soon after Moscow launched its full-scale invasion of
June 28, 2024
Asia|Business|Economy|Finance|News
Japan core machinery orders down in April but seen firming up ahead
Japan's core machinery orders fell in April for the first time in three months, government data showed on Monday, due to a pullback from the prior month's big
June 28, 2024
Asia|Business
SK Group to protect affiliates from hostile takeover after chairman's divorce ruling
South Korea's SK Group Chairman Chey Tae-won said on Monday the conglomerate would prevent the outcome of his recent divorce payment ruling from leaving SK companies
June 28, 2024
Business|Europe
Italian shipbuilder Fincantieri chairman found dead at home
Claudio Graziano, the chairman of Italian state-controlled shipbuilder Fincantieri and a former army general, has died, the company said in a statement on Monday.
June 28, 2024
Asia|Business|Finance
Aramco to buy 10% stake in Renault-Geely thermal engines venture
Oil producer Saudi Aramco will buy a 10% stake in a thermal engines joint venture between French carmaker Renault and Chinese automaker Geely, the companies said on
June 28, 2024
Americas|Business|Technology
Amazon, Vrio to launch satellite internet in South America, competing with Starlink
Amazon and telecommunications firm Vrio will jointly launch a satellite internet service in seven South American countries, the two parties said on
June 28, 2024
Asia|Economy|News
Thai consumer confidence at 7-month low on slow growth, political uncertainty
Thai consumer confidence dropped for a third straight month in May, falling to its lowest level since October last year on concerns over a slow economic recovery and political
June 28, 2024
Business|Finance|Technology
Tesla shareholder meeting: How investors are voting on Musk's $56 billion pay package
Investors will vote on Tesla CEO Elon Musk's $56 billion compensation package and the company's reincorporation in Texas, from Delaware, at a shareholder meeting on Thursday.
June 28, 2024
Business|Finance|Stock Markets|Technology|US
Who is Kimbal Musk, the Tesla director in cowboy hat?
Tesla shareholders will vote on Thursday on whether to ratify CEO Elon Musk's $56 billion pay package which was voided by a Delaware judge in January.
June 28, 2024
Business|Finance|Technology
Financial industry grappling with AI's gifts and perils, executives say
The spread of artificial intelligence-based systems offers big opportunities for financial services firms, executives say, but asset managers also
June 28, 2024
Business|Economy|Food|US
Toblerone still sold in Russia even as Mondelez nixed imports
Russians are still indulging in foreign-made Toblerone chocolate, according to internal sales documents seen by Reuters, showing the difficulty of U.S.
June 28, 2024
Business|Finance|US
Southwest CEO will not resign, will consider input from activist investor Elliott
Southwest Airlines CEO Bob Jordan said on Wednesday he will not resign as the air carrier faces pressure from activist investor Elliott Investment Management
June 28, 2024
Business|Finance|Stock Markets
Nike stock plunges as gloomy sales forecast fans growth concerns
Nike's stock slumped 20% on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the
June 28, 2024
Business|Europe|Finance|Stock Markets
European shares post quarterly loss as markets await French elections
European shares gave up early gains to close lower on Friday as a drop in shares of beauty giant L'Oreal weighed, while the benchmark
June 28, 2024
Business|Economy|Finance
Dealmakers optimistic on global M&A prospects despite sluggish growth
Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting
June 28, 2024
Asia|Business|Finance|Stock Markets
At least four companies launch Hong Kong IPOs to raise about $500 million
At least four companies ranging from a U.S.-based jet manufacturer to a Chinese generative AI firm launched Hong Kong initial public offerings on Friday to raise up
June 28, 2024
Business|Finance|US
Aon, Development Finance Corp offer $350 million in Ukraine war insurance
Insurance broker Aon and the U.S.
June 28, 2024
Business|Finance|US
Alexander Hamilton's bank is getting a new name: BNY
The oldest U.S. bank is getting a new name. Bank of New York Mellon is embracing BNY as its new moniker, it announced on Tuesday.
June 28, 2024
Business|Finance|News|Stock Markets
Insurance Australia tops benchmark index on reinsurance deals
Shares of Insurance Australia Group rose 9% on Friday after the company bought reinsurance protection from a unit of Berkshire Hathaway and Canada Life Reinsurance in a
June 28, 2024
Asia|Business|Technology
Fujifilm once struggled to sell cameras. Now, it can't keep up with demand
For years, Japan's Fujifilm pivoted away from its legacy camera business to focus on healthcare.
June 27, 2024
Australia|Business|Economy|Finance
Australia approves ANZ's $3.3 billion buyout of Suncorp Bank
Australia on Friday gave the go-ahead for ANZ Group's A$4.9 billion ($3.26 billion) buyout of Suncorp's banking business, clearing the deal to proceed after almost two years of
June 27, 2024
Business|Economy|Europe|Finance
European auto shares hit by retaliation fears after EU tariffs on Chinese EVs
Shares in some of Europe's biggest automakers dropped on Wednesday on fears of Chinese retaliation after the European Commission said it would impose duties on imported
June 27, 2024
Asia|News|World
South Korea opposition leader Lee indicted over funds transfer to North Korea
South Korea's main opposition leader was indicted on Wednesday on bribery charges in an alleged scheme to use an underwear maker to transfer funds to North Korea and facilitate a
June 27, 2024
News|US
US Senate committee probes oil producers on price collusion with OPEC
The U.S.
June 27, 2024
Business|Finance|US
Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit
The billionaire activist investor Ryan Cohen won the dismissal on Tuesday of a shareholder lawsuit accusing him of profitably cashing out of Bed Bath & Beyond
June 27, 2024
Business|Economy|Election|Finance|US
US small business sentiment up in May, but looming election clouds outlook
U.S. small-business confidence and hiring plans increased in May to their highest levels of the year, but the looming U.S. presidential election also drove uncertainty to nearly a four-
June 27, 2024
Business|Economy|Finance|US
US core capital goods orders fall sharply in May
New orders for key U.S.-manufactured capital goods unexpectedly fell in May, suggesting that business spending on equipment weakened in the second quarter as borrowing costs
June 27, 2024
Business|Technology|US
Boeing plane deliveries drop by half in May year-on-year
Boeing said on Tuesday it delivered 24 commercial planes in May, about half of the 50 jets it handed over to customers during the same month a year earlier, as it
June 27, 2024
Technology
Apple's AI push could reinvigorate iPhone sales as customers look to upgrade
Apple's developer conference on Monday was about more than infusing its software with the latest artificial intelligence technology,
June 27, 2024
Business|Europe|Finance
IAG offers remedies to EU over Air Europa deal
British Airways owner IAG has again offered remedies to the European Commission aimed at securing EU approval of its takeover of Spain's Air Europa.
June 27, 2024
Asia|Business|Economy|Technology|World
Zeekr's sales jump as Chinese dominate Russian EV market
Sales of Zeekr electric vehicles have shot up in Russia in the last year, putting Chinese carmakers ahead of local competition in Russia's
June 27, 2024
Business|Finance|Technology
Nokia sells submarine networks business ASN to French state
Nokia on Thursday said it had agreed to sell its submarine networks business ASN to the French state for 350 million euros ($374 million), but that the deal would not impact its
June 27, 2024
Business|Finance|Technology|US
France's OVHcloud tops Q3 sales forecast on US growth, shares jump
French cloud services provider OVHcloud reported third quarter revenue ahead of market expectations on Thursday, driven by strong demand from U.S. tech
June 27, 2024
Asia|Business|Technology
Mitsubishi Heavy exec: timing not right for decision on passenger jet market
A Mitsubishi Heavy Industries executive said Thursday that despite the government's commitment to made-in-Japan aircraft, now is not the time to decide whether to re-enter the
June 27, 2024
Asia|Business|Economy|Finance|News
China's industrial profits growth slows sharply in May amid patchy recovery
China's industrial profits rose at a sharply slower pace in May, official data showed on Thursday, underlining the struggles faced by the world's second-largest economy as weak
June 27, 2024
Business|Economy|Finance
Australia business conditions soften in May, cost pressures pick up
Australian business conditions eased further in May to below their long-run average as growth in sales and profits slowed, a survey showed on Tuesday, while cost pressures showed
June 26, 2024
Asia|Business|Technology
Boeing resuming widebody airplane deliveries to China, source says
Boeing is resuming widebody jet deliveries to China which were halted in recent weeks due to a Chinese regulatory review,
June 26, 2024
Business|Economy|Finance|Technology
Chipmaker Intel to halt $25-billion Israel plant, news website says
Intel Corp is halting plans for a $25-billion factory in Israel, Israeli financial news website Calcalist said on Monday, in a report that the chipmaker did not confirm or deny.
June 26, 2024
Asia|Australia|Business|Economy|Finance
Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports
Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market
June 26, 2024
Business|Health
Haleon to sell nicotine replacement therapy business outside US for $633 million
Haleon will sell its nicotine replacement therapy business outside the U.S. to a unit of India's Dr.
June 26, 2024
Finance|Stock Markets|US
Wall Street ends slightly up, trade choppy ahead of inflation data
Major U.S. stock indexes closed with modest gains on Wednesday after a choppy trading session, with investors holding their cards
June 26, 2024
Business|Economy|Finance|Technology
Bosch weighs offer for appliance maker Whirlpool, sources say
German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter,
June 26, 2024
Business|Europe|Finance|Technology
Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin
French technology firm Atos said on Wednesday a consortium led by investor David Layani's Onepoint had withdrawn from discussions on its restructuring, but that it still planned to reach a
June 26, 2024
Business|Economy|Europe|Finance
European shares slip as bond yields weigh, French elections awaited
European shares slipped on Wednesday as government bond yields rose on concerns about persistent global price pressures ahead of a
June 26, 2024
Asia|Business|Economy|Finance|Stock Markets
Chinese developer Shimao's liquidation hearing adjourned to July 31
A liquidation case against Chinese property developer Shimao Group has been adjourned to July 31 as it has again extended a deadline for creditors in relation to a debt
June 26, 2024
Australia|Business
Troubled casino firm Star names new CEO amid regulator enquiries, management exodus
Australia's Star Entertainment has appointed Steve McCann as its group CEO and managing director to lead the embattled casino operator out of a regulator inquiry into its
June 25, 2024
Business|Technology
Documenting the history of American Express as an in-house historian
Ira Galtman is part of a small community of corporate archivists
June 25, 2024
Business|Economy|Finance|US
US business equipment borrowings up 11% in May, ELFA says
U.S. companies borrowed 11% more to finance equipment investments in May compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday.
June 25, 2024
Business|Technology
Albemarle plans more lithium auctions to boost market transparency
Albemarle, the world's largest lithium producer, plans to hold more auctions for the metal used in electric vehicle batteries to boost price transparency and
June 25, 2024
Business|Finance|Stock Markets
Nike set for weak quarterly sales growth as On, Hoka chip away market share
Nike is set to post its slowest revenue growth in two years when it reports fourth-quarter results on Thursday, due to a lack of innovation amid growing competition
June 25, 2024
Business|Technology
AI image-generator startup Stability AI looks for reshoot with new CEO and investor group
The troubled artificial intelligence company behind image-generator Stable Diffusion is looking for a reshoot with a new CEO and a surge of investment from a group that includes former top executives at Facebook and Google
June 25, 2024
Business|Technology
Cash-strapped Stability AI raises $80 million with new CEO and board
Stability AI said on Tuesday it has raised funds and appointed industry veteran Prem Akkaraju as its top boss, months after the exit of founder and CEO Emad
June 25, 2024
Health|Science|Technology
Lilly partners with OpenAI to develop medicines for drug-resistant bacteria
Eli Lilly said on Tuesday it will collaborate with OpenAI to leverage its generative AI to develop antimicrobials that can be used to treat drug-resistant bacteria.
June 25, 2024
Business|Europe|Fashion and Beauty|Finance
LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports
French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH, has bought a stake in smaller luxury rival Richemont, Bloomberg
June 25, 2024
News|US
US FDA rejects AbbVie's Parkinson's disease therapy for the second time
The U.S.
June 25, 2024
Business|Finance|Stock Markets|US
Healthcare payments firm Waystar's shares slip in Nasdaq debut
Waystar's shares fell in their Nasdaq debut on Friday, after the healthcare payments company raised $968 million in its U.S. initial public offering, in
June 25, 2024
Business|Entertainment|Finance|Stock Markets|US
Shari Redstone receives fewest votes in Paramount board election
Paramount Global controlling shareholder Shari Redstone received the fewest votes among other directors in the company's board election, a filing on Friday showed.
June 25, 2024
Business|Finance|Stock Markets
Berkshire buys additional 2.57 million shares in Occidental Petroleum, filing shows
Warren Buffett's Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing.
June 25, 2024
Business|Finance|US
Elliott takes nearly $2 billion stake in Southwest Airlines, WSJ reports
Activist investor Elliott Investment Management has built a nearly $2 billion stake in Southwest Airlines and plans to push for changes aimed at reversing the airline's underperformance,
June 25, 2024
Australia|Business|Entertainment
Australia's Nine Entertainment says Peter Costello steps down as chairman
Australian broadcaster Nine Entertainment Co Holdings Ltd said its chairman Peter Costello resigned on Saturday and has been replaced by non executive deputy chair Catherine West.
June 25, 2024
Asia|Business|Technology
Nissan to start producing EVs for Dongfeng Motor by year-end, Nikkei reports
Nissan Motor will produce electric vehicles for its Chinese joint-venture partner Dongfeng Motor at its Wuhan factory by year-end, the Nikkei newspaper reported on Tuesday, a sign of
June 25, 2024
Asia|Business|Technology|US
Chinese AI firms woo OpenAI users as US company plans API restrictions
Chinese artificial intelligence (AI) companies are moving swiftly to attract users of OpenAI's technology, following reports the U.S. firm plans to restrict access in China and
June 25, 2024
Asia|Business|Finance|Stock Markets|Technology
Shareholder support for SoftBank CEO Son's reappointment falls to 79%
Shareholder support for the reappointment of SoftBank Group Chief Executive Masayoshi Son has fallen to 79.22% from 95.93% a year ago after proxy advisor Institutional Shareholder
June 25, 2024
Economy|Europe|Finance|News
Investors concerned by French elections, Paris stock market head says
The prospect of a politically extreme party with little or no government experience taking power after France's parliamentary elections is worrying investors, the
June 25, 2024
Business|Europe|Finance|Technology
Airbus cuts key targets and takes hefty Space charge
Airbus softened key industrial and financial targets and took a hefty 900-million-euro ($965 million) charge for its troubled space activities as Europe's largest
June 24, 2024
Business|Economy|Finance
Hertz considers $700 million sale of secured debt plus convertibles, Bloomberg says
Rental car firm Hertz is weighing a sale of at least $700 million in secured debt and a convertible notes offering, as it looks to shore up its balance sheet, Bloomberg News reported on
June 24, 2024
Business|Economy|Finance|News|Stock Markets|US
S&P 500, Nasdaq close slightly down ahead of US payrolls data
The S&P 500 and Nasdaq composite finished a shade lower on Thursday ahead of a key labor market report, retreating from record highs reached in the previous
June 24, 2024
Business|Europe|Technology
Airbus deliveries fall 16% in May
Airbus delivered 53 aircraft in May, down 16% from the same month last year and bringing the number of airplanes handed over to customers since Jan. 1 to 256, the planemaker said on
June 24, 2024
Business|Technology
Airbus builds new A320neo assembly line in historic hangar swap
Airbus has started building a new A320neo-family assembly line in Toulouse to replace an older and less efficient facility and help speed up production from next year.
June 24, 2024
Entertainment|News
Off the TV screen and into real life: An MSNBC event illustrates the rise of 'event journalism'
For one weekend day this fall in New York — and for a price — MSNBC fans can see many of their favorite personalities in real life
June 24, 2024
Business|Economy|News
Car dealerships in North America revert to pens and paper after cyberattacks on software provider
Car dealerships across North America are still wrestling with disruptions that started last week
June 24, 2024
Business|Economy|Finance
Private equity deal drought overshadows annual meet up for second year
Advisers and investors congregated at the annual SuperReturn conference in Berlin this week as a still struggling private equity market cast
June 24, 2024
Business|Lifestyle|Sports
New Era Cap to acquire '47 in lifestyle brand tie-up, sources say
New Era Cap, a supplier of major U.S. sports league headware, has agreed to acquire sports lifestyle brand '47, people familiar with the matter said on Thursday.
June 24, 2024
Americas|Business|Food
Mubadala-backed Zamp to buy Starbucks brand rights, stores in Brazil
Brazilian restaurant chain operator Zamp has agreed to buy the rights to operate the Starbucks brand and some stores in the South American country, it said on Thursday, sending
June 24, 2024
Australia|Business|Economy
Australia to make supermarket industry code mandatory, breaches may result in huge fines
Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on Monday as it
June 24, 2024
Arts|Business|Europe|Fashion and Beauty
Chanel's creative director Virginie Viard to leave brand
Chanel artistic director Virginie Viard is leaving the label, the luxury brand said on Thursday, kicking off speculation over who will replace her in one of the fashion
June 23, 2024
Business|Technology|Travel|US
Delta seeks new Seattle flight as airlines jockey over DC slots
Delta Air Lines plans to announce on Thursday it will apply for a new flight between Seattle and Washington Reagan National Airport as airlines battle over
June 23, 2024
Asia|Business|Technology
China's Nio expects second-quarter EV sales to more than double
Chinese electric vehicle maker Nio said on Thursday it expected deliveries in the second quarter to more than double from a year earlier to between 54,000 and 56,000.
June 23, 2024
Crime|Europe|Uncategorized
Bribery demands on Italian households decline, official survey reports
Corruption in Italy has declined over the last few years but remains a problem, with business owners and the self employed the most affected, a report published on Thursday by the
June 23, 2024
Business|Finance|Stock Markets
Prudential plans $2 billion share buyback
Insurance group Prudential plans a $2 billion share buyback programme which will be completed no later than mid-2026, the company said in a statement on Sunday.
June 23, 2024
Business|Technology|US
Yaccarino shakes up X amid Musk's pressure on costs, FT says
The chief executive of social media platform X, Linda Yaccarino, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial
June 23, 2024
Americas|Asia|Business|Technology|World
Peru's Boluarte will meet China's Xi after Congress OKs late June trip
Peru's President Dina Boluarte will travel to China this month to meet with her Chinese counterpart Xi Jinping and leaders from mining, technology and transportation firms after the
June 22, 2024
Business|Europe|Food
McDonald's loses Chicken Big Mac trademark in Europe
McDonald's does not have the exclusive right to the term "Big Mac" for poultry products in Europe after five straight years of not using it, the region's second top
June 22, 2024
Business|Finance|Sports|Stock Markets|US
Under Armour to pay $434 million to settle lawsuit over sales disclosures
Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in
June 21, 2024
Business|Technology
Stability AI appoints new CEO, the Information reports
British artificial intelligence startup Stability AI has appointed Prem Akkaraju as its new chief executive officer, the Information reported on Friday, citing a person involved in the
June 21, 2024
Business|Sports
Texas-based Friedkin Group enters exclusive talks for majority stake of Premier League Everton
Everton says the Texas-based Friedkin Group is in exclusive discussions to buy a majority stake in the Premier League club
June 21, 2024
Business|Economy|US
US business activity inches up in June; price pressures abating
U.S. business activity crept up to a 26-month high in June amid a rebound in employment, but price pressures subsided considerably, offering hope that a recent slowdown in
June 21, 2024
Business|Finance|US
Walmart, Capital One settle lawsuit over credit card partnership
Walmart settled its lawsuit against Capital One over their credit card partnership, which had made Capital One the exclusive issuer of Walmart-branded consumer
June 21, 2024
Asia|Crime|News|World
4 members of a billionaire family get prison in Switzerland for exploiting domestic workers
An Indian-born billionaire and three family members have been sentenced to prison for exploiting domestic workers at their lakeside villa in Switzerland
June 21, 2024
Asia|Business|News|Technology
Nissan halts production at Changzhou plant as China woes persist
Nissan Motor has halted production at its Changzhou plant in China as it seeks to optimise its operations, the Japanese automaker said on Friday
June 21, 2024
Business|Economy|Finance
India business activity grew faster in June, job creation at 18-year high, PMI shows
Business activity in India expanded at a faster clip this month from May thanks to gains in manufacturing and services, according to a business survey that also showed
June 21, 2024
Business|Europe|Finance|Stock Markets
FTSE 100 snaps five-week losing streak as inflation back to BoE's target
London stocks closed the week on a positive note after domestic inflation fell to the Bank of England's 2% target earlier this week, raising bets of an
June 21, 2024
Asia|Business|Health
Takeda gives Sun Pharma, Cipla rights to commercialize gastro drug in India
Japan's Takeda Pharmaceutical gave India's Sun Pharmaceutical and Cipla the rights to commercialize gastrointestinal drug Vonoprazan in the country.
June 21, 2024
Asia|Business|Economy
China's robust services activity drives up employment, Caixin PMI shows
China's services activity in May accelerated at the quickest pace in 10 months while staffing levels expanded for the first time since January, a private sector survey showed on
June 21, 2024
Africa|Business|Economy|Finance
South Africa business activity grows again in May, PMI shows
South African private sector activity grew in May as new order volumes stabilised and business confidence improved, a survey showed on Wednesday.
June 21, 2024
Business|Technology
Like a pop star, Nvidia's CEO Huang stirs up 'Jensanity' in Taiwan
In the week and a half since Nvidia CEO Jensen Huang arrived in Taiwan, his every move has been breathlessly followed.
June 21, 2024
Business|Economy
UK services firms report slower growth and weaker inflation, PMI shows
Growth among Britain's services businesses eased in May from April's 11-month high and inflation pressures dropped to their lowest in three years, a survey showed
June 21, 2024
Business|Finance|Stock Markets|US
HanesBrands to sell sportswear business Champion to Authentic Brands in $1.2 billion deal
HanesBrands said on Wednesday it would sell its sportswear brand Champion to Authentic Brands Group in a deal valued at $1.2 billion, as the company looks to streamline business and focus
June 21, 2024
Business|Economy|Finance|US
US services sector activity rebounds while private payrolls growth slows
The U.S. services sector snapped back into growth mode in May after a short-lived contraction in the prior month, with a measure of business activity improving by the most in
June 21, 2024
Asia|Business|Economy|Finance
BOJ tankan expected to show big manufactures confident on outlook: Reuters poll
Confidence among big Japanese manufacturers likely improved slightly in the three months to June, while non-manufacturers' mood slipped a bit, the Bank of Japan's (BOJ) closely-
June 21, 2024
Business|Finance|Technology
Stocks dip but up for the week, US dollar climbs
A gauge of global stocks declined for a second straight session on Friday, weighed down by weakness in technology shares, while the dollar hit
June 21, 2024
Asia|Business|Technology
SoftBank CEO talks up artificial super intelligence ambitions
SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said
June 21, 2024
Asia|Business|Economy
Japan's June factory activity eases as costs rise, PMI shows
Japan's factory activity expanded for a second straight month in June but the pace of growth eased as orders weakened and cost pressures intensified, a business survey showed on
June 20, 2024
Business|Economy|Finance
Exxon-Hess arbitration panel incomplete, Hess sale to Chevron stalled
A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed,
June 20, 2024
Business|Economy|Finance|US
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper
June 20, 2024
Business|Technology
CDK cyber outage hits US auto dealers for second day in a row
A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers
June 20, 2024
Business|Technology|Travel
Airlines and energy firms clash over green fuel supplies
Airlines and energy firms clashed over scarce availability of alternative fuels on Tuesday as carriers ended a three-day summit
June 20, 2024
Business|Technology
Silicon Box to pick Piedmont for $3.4 billion Italian chip plant, sources say
Singapore-based semiconductor firm Silicon Box plans to pick the town of Novara in the industrialised northwest Piedmont region as the
June 20, 2024
Business|News|Political
The Supreme Court upholds a tax on foreign income over a challenge backed by business interests
The Supreme Court has upheld a tax on foreign income over a challenge backed by business and anti-regulatory interests
June 20, 2024
Economy|Finance|News|Stock Markets|Technology|US
S&P 500 closes lower after record high, weighed by chips stocks, economic data
The S&P 500 and Nasdaq closed lower on Thursday, as market bellwether Nvidia retreated from earlier gains, while investors evaluated recent economic data and commentary from
June 20, 2024
Australia|Business|World
Australia's Qantas back Boeing to bounce back from crisis
Australian airline Qantas on Tuesday backed Boeing to bounce back from an unprecedented crisis that has led to an overhaul of the American planemaker's management and drawn scrutiny
June 20, 2024
Asia|Business|Travel
Cathay Pacific looking to add more Belt and Road destinations, CEO says
Airline Cathay Pacific is looking to add more destinations on China's Belt and Road project, CEO Ronald Lam said on Sunday, after a new route to Riyadh starts up
June 20, 2024
Business|Technology|US
Boeing's Calhoun says board will decide his successor
Boeing's outgoing CEO David Calhoun told Reuters on Tuesday that the planemaker's board would decide his successor and he would support its
June 20, 2024
Business|Economy|Finance|MidEast
Saudi non-oil activity growth slows in May, PMI shows
Growth in non-oil business activity in Saudi Arabia eased in May as new orders rose at the slowest pace in 25 months, a survey showed on Tuesday.
June 20, 2024
Business|Finance
Ackman's Pershing Square raises $1.05 billion in stake sale ahead of potential IPO
Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices,
June 20, 2024
Business|Finance|Technology
UK tech founder Mike Lynch's lawyers seek acquittal at US fraud trial
Mike Lynch's lawyers on Monday portrayed the British tech pioneer as a savvy entrepreneur while prosecutors in a San Francisco court labeled him
June 20, 2024
Business|Finance|Stock Markets|Technology
Tesla stands by Musk pay after ISS urges shareholders to reject package
Tesla on Monday defended a proposal to ratify CEO Elon Musk's $56 billion pay package and said a new compensation would be costlier, days after a top proxy advisory firm recommended
June 19, 2024
Business|Europe|Technology|US
Onsemi to invest up to $2 billion in Czech semiconductor plant
U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company's European
June 19, 2024
Business|Economy|Europe|News
UK factories return to growth, prices rise by most in a year, PMI shows
British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday, but the higher prices charged by firms may add to the
June 19, 2024
Economy|Europe|News
Euro zone manufacturing sees potential signs of recovery in May, PMI shows
The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years,
June 19, 2024
Business|US
Nippon Steel's Mori returns to US this week for talks on US Steel takeover
Nippon Steel's vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S.
June 19, 2024
Asia|Business|Economy|Finance
Japan's Q1 capex rises, suggesting upward revision to poor GDP
Japanese companies raised spending on plant and equipment in January-March, helped by demand for automobiles and labour-saving investment and suggesting the
June 18, 2024
Asia|Economy|News|World
India's May factory growth slipped to 3-month low but remained sturdy, PMI shows
India's manufacturing growth slowed to a three-month low in May as a heatwave prompted some companies to reduce working hours, but factory activity remained
June 18, 2024
Business|Economy|Finance|Travel
Qatar Airways in talks for Airbus, Boeing order
Qatar Airways is in talks with plane makers Airbus and Boeing for a major wide-body order, its chief executive said on Monday.
June 18, 2024
Business|Economy|Europe
Russia's factory activity continues to expand in May, PMI shows
Activity in Russia's manufacturing sector grew marginally faster in May, a business survey showed on Monday, propelled by a sharp rise in employment as demand picked up.
June 18, 2024
Business|Economy|Europe
Downturn in German manufacturing may be bottoming out, PMI shows
The downturn in Germany's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, showed signs of bottoming out in May as output and new orders declined
June 18, 2024
Business|Technology|World
Next Boeing CEO should understand past mistakes, airlines boss says
The next CEO of Boeing should have an understanding of what led to its current crisis and be prepared to look outside for examples of best
June 18, 2024
Business|Finance
Qatar Airways closes in on major Boeing, Airbus widebody order, Bloomberg News reports
Qatar Airways PJSC is nearing a decision on a major widebody order split between Boeing and Airbus, Bloomberg News reported on Sunday, citing people familiar with the matter.
June 18, 2024
Business|News|Technology
Emirates boss says Boeing needs strong CEO to end crisis
The head of Dubai airline Emirates urged Boeing to pick an engineering and business heavyweight to lead a deep overhaul of the U.S. aerospace
June 18, 2024
Business|Finance|Technology|US
Apple kills off its buy now, pay later service barely a year after launch
Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna
June 18, 2024
Business|Economy|Fashion and Beauty
Luxury sales are flattening amid a self-inflicted creativity crisis and price hikes, study finds
The post-pandemic surge in global sales of luxury handbags, shoes and apparel is on pace to stall this year amid a creativity crisis and price hikes focused on the biggest spending customers
June 18, 2024
Business|Sports
Soccer-Everton takeover by US private equity firm falls through
Everton's takeover agreement with prospective owner 777 Partners has expired, the Premier League club said on Saturday, after the U.S. private equity firm failed to complete the
June 18, 2024
Business|Travel
Delta Air sees healthy demand, especially on international routes
Delta Air Lines is running its largest ever transatlantic schedule this year as it sees healthy travel demand, especially on international
June 18, 2024
Business|Europe|Technology|World
Boeing's woes a 'burden' for entire sector, Airbus executive says
Safety and quality problems exposed at Boeing following a door plug blowout earlier this year risk shaking travellers' confidence in flying, a top executive at rival Airbus said.
June 18, 2024
Americas|Business|Finance
Amid bankruptcy process, Brazil airline Gol swaps finance chief
Brazilian airline Gol announced on Friday that its board elected Eduardo Gotilla as its new chief financial officer, while also posting preliminary results for April including
June 18, 2024
Business|Technology
Fitch lowers Boeing 2024 aircraft delivery, cash flow forecasts
Fitch Ratings lowered its 2024 forecasts for Boeing's aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-
June 18, 2024
Business|Economy|Finance|US
Bankruptcy judge approves sale of Express Inc to group led by WHP Global
A U.S. bankruptcy judge has approved the sale of the majority of Express Inc.’s operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores
June 17, 2024
Business|Finance|News|US
Judge orders railway to pay Washington tribe nearly $400 million for trespassing with oil trains
A federal judge has ruled that BNSF Railway must pay nearly $400 million to a Native American tribe in Washington state
June 17, 2024
Business|Finance|Technology
Gamestop shares slump following annual shareholder meeting
Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday
June 17, 2024
Business|News|Technology|US
FAA will not allow Boeing to boost 737 MAX production yet
The Federal Aviation Administration will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, its administrator
June 17, 2024
Asia|Business|Finance|Technology
Nissan paid ex-operations chief $3.7 million over departure
Nissan Motor paid former Chief Operating Officer Ashwani Gupta $3.7 million in compensation following his sudden departure last year, the Japanese automaker disclosed in a
June 17, 2024
Business|Finance|Stock Markets|Technology|US
Nasdaq falls 1%; Salesforce shares weigh on tech
U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast.
June 17, 2024
Business|Economy|Europe|Finance
UK business optimism hits eight-year high, Lloyds says
British businesses are their most confident in eight years and their hiring plans are the strongest since 2017, according to a survey published on Friday that added to signs of a
June 17, 2024
Business|Finance
Aircraft shortages turn into cash bonanza for some airlines
Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers to sell new planes to leasing companies at much
June 17, 2024
Business|Economy|Finance|News|Stock Markets
Rosneft says Q1 net income more than doubled to $4.4 billion from Q4
Russia's largest oil producer Rosneft said on Thursday its first-quarter net income attributable to shareholders more than doubled to 399
June 16, 2024
Business|Finance
Hertz exploring options to raise financing, Bloomberg News reports
Hertz Global is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News reported,
June 16, 2024
Business|News
WestJet Encore reaches tentative agreement with pilots
WestJet Encore has reached a tentative agreement with its pilots union over a new contract, the labor group said on Thursday, averting a strike at the Canadian regional carrier.
June 16, 2024
Business|News|Technology
OpenAI responds to warnings of self governance by former board members, the Economist reports
OpenAI's board on Thursday pushed back on allegations from its former members that concerns over artificial intelligence safety at the startup necessitated Sam Altman's shocking ouster
June 15, 2024
Business|Finance|Stock Markets|US
US Steel, Nippon Steel receive all non-US approvals for merger
U.S. Steel Corp and Japan's Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.
June 15, 2024
Business|Finance|Technology|US
Vietnamese EV maker VinFast considers delaying $4 billion US plant, source says
Vietnamese electric car maker VinFast is looking at further delaying a planned $4 billion factory in North Carolina, a person briefed
June 14, 2024
Business|News|Technology|US
US judge rejects Amazon bid to get FTC lawsuit over Prime program tossed
A U.S. judge in Seattle on Tuesday rejected Amazon.com's request to dismiss a Federal Trade Commission (FTC) lawsuit that accuses the company of enrolling
June 14, 2024
Business|Technology|US
Boeing making progress on 737 MAX engine issue delaying certification of some models
Boeing said on Wednesday it was making progress on developing a permanent solution to address an issue with the 737 MAX engine anti-ice system that has
June 14, 2024
Business|Technology
PwC to become OpenAI's largest enterprise customer amid genAI boom
PwC will become the largest customer and first reseller of OpenAI's enterprise product as part of a new deal, the accounting giant said on Wednesday, as businesses rush to adopt and
June 14, 2024
Business|Europe|Finance|Stock Markets
Volkswagen distributor D'Ieteren flags softer auto glass repair demand in N America
Belgian car distributor D'Ieteren on Wednesday reported 3.06 billion euros ($3.30 billion) in first-quarter sales and flagged lower volumes for its
June 14, 2024
Asia|Business|Economy|Finance
SK Group chief ordered to pay $1 billion in divorce case; shares in SK Inc soar
A South Korean court ruled SK Group Chairman Chey Tae-won must pay more than $1 billion to his estranged wife as part of their planned divorce,
June 14, 2024
Business|News
Saudi Aramco's Amin Nasser: homegrown engineer who reached the top
At an industry event in Riyadh two years ago, the Saudi energy minister paused at about 9 p.m
June 14, 2024
Business|Economy|Europe
Car battery makers to fight EU cartel charges at hearing next week, sources say
A group of car starter battery makers will contest European Union accusations of operating a cartel to fix battery prices at a closed hearing next week, people with
June 13, 2024
Business|Economy|Finance
Chevron shareholders re-elect all directors, CEO confident on Hess deal
Chevron shareholders on Wednesday re-elected all its 12 board directors, in a sign of support for the oil major at a time when it is caught in the regulatory crosshairs over its $53
June 13, 2024
Business|Finance
Brazil airline Azul does not foresee antitrust hurdles to codeshare deal with Gol
Brazilian airlines Azul and Gol have informed local antitrust regulator CADE of their new codeshare agreement and do not expect hurdles to be imposed, Azul's
June 13, 2024
Business|Economy|Finance|Stock Markets|Technology|US
Stellantis CEO cites failures in US operations, ready to compete head-on with Chinese EVs
Stellantis CEO Carlos Tavares has expressed dissatisfaction at the operation of some U.S. plants on Thursday as the automaker struggles with lower shipments and falling revenues
June 13, 2024
Business|Europe|Fashion and Beauty|Finance
Top exec Sforza to be appointed Benetton CEO - sources
Italian executive Claudio Sforza has been chosen as chief executive of loss-making clothing group Benetton, replacing outgoing Massimo Renon, two sources close to the matter said on
June 13, 2024
Asia|Business
Proxy firms Glass Lewis, ISS recommend vote against Toyota chairman
Proxy advisory firms Glass Lewis and Institutional Shareholder Services have recommended Toyota Motor shareholders vote against re-electing Chairman Akio Toyoda at the Japanese
June 13, 2024
Business|Finance|Technology
Trading app Robinhood unveils maiden stock buyback plan of $1 billion
Trading app Robinhood Markets launched its first-ever share buyback plan on Tuesday, saying it would repurchase $1 billion worth of stocks as it looks to grow beyond its startup phase.
June 13, 2024
Business|Finance|Technology
Musk offers factory tours to investors as he seeks support for his pay package
Elon Musk is offering tours of Tesla's factory next month to 15 shareholders who vote on his $56 billion pay package, the latest effort by the electric vehicle
June 13, 2024
Business|Economy|Finance
Amid merger speculation, Brazilian airline Gol parent talks with Azul
The parent company of Brazilian airline Gol
Asia|MidEast|News|World
UAE president visits South Korea with defence and energy on agenda
United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan arrived in South Korea on Tuesday, where his plane was met by an honorary escort of four fighter jets
June 13, 2024
Business|Economy|Finance|Stock Markets|US
Aethon Energy to buy Tellurian upstream assets for $260 million
Aethon Energy said on Wednesday it would buy Tellurian's upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of
June 12, 2024
Business|Economy|Finance|News|Stock Markets|US
U.S. bank profits jump 79.5% as large firms shake off failed bank costs
Profits for the U.S. banking sector surged 79.5% to $64.2 billion in the first quarter of 2024, boosted primarily by large banks not shouldering billions in
June 12, 2024
Business|Europe|Finance|Stock Markets
Sabadell rules out M&A defence against BBVA bid, CEO says
Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover
June 12, 2024
Business|Europe|Technology
EV switch to hit auto suppliers hard, Stellantis CEO says
The transition to electric vehicles (EVs) would impose a "significant burden" on auto suppliers, Stellantis CEO Carlos Tavares said on Wednesday as Western automakers race to cut
June 12, 2024
Business|Economy|Finance|Stock Markets|US
BHP walks away from $49 billion takeover offer for Anglo American
BHP Group said on Wednesday it did not intend to make a formal offer for Anglo American, walking away from its $49 billion takeover deal, after the London-listed rival refused to extend
June 12, 2024
Business|News|US
Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired
The CEO of Southwest Airlines says he is not resigning in the face of pressure from a hedge fund that wants him fired
June 12, 2024
Business|Economy|Europe|News
Cyprus scraps $1.3 billion port concession in legal wrangle
Cyprus has scrapped a 1.2 billion euro ($1.30 billion) concession agreement for the development of Larnaca port, in a legal wrangle that the state and the contractor traded blame
June 12, 2024
Business|Finance|Technology
Adam Neumann ends bid to buy WeWork, NYT Dealbook reports
Adam Neumann has ended his bid to re-acquire WeWork as the coworking business he co-founded has chosen to emerge from bankruptcy with an "unrealistic" plan, he told the New York Times
June 12, 2024
Business|Finance|US
Norfolk Southern appoints ex-Canadian National chief Mongeau as its new board chair
Norfolk Southern has named former Canadian National Railway CEO Claude Mongeau as the new chair of its board, effective immediately, the company said in a statement on Tuesday.
June 12, 2024
Business|Entertainment|Technology
Edgar Bronfman Jr. drops bid, paving way for Paramount's takeover by Skydance Media
Media veteran Edgar Bronfman Jr. has withdrawn from the race for Paramount Global, clearing the way for Skydance Media to take control of Shari Redstone's empire and ending one of the most
June 12, 2024
Business|Economy|Europe|Finance
German energy company Uniper says a tribunal awarded it billions in damages from Russia's Gazprom
German energy company Uniper says a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia's Gazprom hasn’t supplied since 2022
June 12, 2024
Business|Economy|Europe|Finance
German business sentiment stagnates in May
German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and suggesting the recovery of Germany's economy this
June 12, 2024
Asia|Business|Economy|Finance
Thai economy to expand 2.5% this year, finance minister says
Thailand's economy is expected to grow 2.5% this year, but should be expanding at least 3.5% annually, its finance minister Pichai Chunhavajira said on Monday.
June 12, 2024
Asia|Business|Technology
Prosecution appeal begins for Samsung chief Lee over 2015 merger case
A South Korean high court began on Monday hearing a prosecution appeal over a decision by a lower court to clear Samsung Electronics chairman Jay Y.
June 12, 2024
Asia|Business|Finance
China Vanke sells Shenzhen land plot at loss-making reserve price
Embattled Chinese property developer China Vanke said on Monday it had completed the sale of a plot of land in Shenzhen for 2.24 billion yuan ($309.23
June 12, 2024
Americas|Business|Economy|Finance
Brazil's Gol airline says bankruptcy exit to involve $1.5 billion capital injection
Brazilian airline Gol expects its exit of Chapter 11 bankruptcy proceedings to involve a $1.5 billion capital injection through the issuance of new shares and refinancing of $2
June 12, 2024
Business|Technology|US
Argentine President Milei to meet Apple, Google, Meta CEOs in US
Argentina's President Javier Milei is set to meet with top-level executives from Google, Meta and Apple during a trip to the United States this week, his spokesman Manuel Adorni said on
June 12, 2024
Business|Europe
Italy's Benetton plans restructuring as losses mount, sources say
Italy's Benetton family is readying plans to address mounting losses at its eponymous clothing retailer, including parting ways with CEO Massimo Renon after four
June 12, 2024
Business|Finance|Stock Markets
Saudi Arabia plans Aramco share sale as soon as June, sources say
Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region's
June 11, 2024
Asia|Business|Economy|Finance
China's industrial profits rise 4.3% in Jan-April, unchanged from Q1
Profits at China's industrial firms rose 4.3% in the first four months from the same period last year, official data showed on Monday.
June 11, 2024
Business|Finance
Australia's Lendlease exits offshore markets to focus on local growth
Australian developer Lendlease will retreat from its overseas construction businesses and free up to A$4.5 billion ($2.9 billion) in capital for
June 11, 2024
Asia|Business|Finance
Chinese property developer Kaisa's liquidation hearing adjourned
A Hong Kong court on Monday adjourned a hearing on a petition seeking the liquidation of Kaisa Group until June 24, giving the embattled Chinese developer some respite
June 11, 2024
Business|Finance|Technology
STORY REMOVED: US--Tesla-Musk Pay, 5th Ld-Writethru
Please disregard US--Tesla-Musk Pay, 5th Ld-Writethru published on Jun
June 11, 2024
Business|Economy|Finance
Brazil's Petrobras approves Chambriard as new CEO
Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new chief executive
June 11, 2024
Business|News|Technology
Canada orders dissolution of two firms, citing national security concerns
Canada ordered on Friday the dissolution of two technology companies' businesses in the country, citing national security concerns.
June 11, 2024
Europe
TotalEnergies' boss re-appointed to board, approved by around 76 percent of shareholder votes
Patrick Pouyanne, chairman and chief executive of French oil major TotalEnergies, was re-appointed to the company's board by around 76 percent of shareholder votes, according to the
June 10, 2024
Business|Economy|Finance|Stock Markets
Azul, Gol shares jump as Brazil airlines reveal codeshare deal
Shares in Brazilian airlines Azul and Gol soared on Friday after they announced a codeshare agreement, connecting their networks and frequent flyer programs in
June 10, 2024
Business|Economy|Finance|US
US core capital goods orders rise, inflation expectations improve
New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a moderate
June 10, 2024
Asia|Business|Finance
Japan's Nidec corrects past results after some sales were 'inflated'
Japanese electric motor manufacturer Nidec Corp revised down two years of operating profit by about $67 million on Friday after determining that some sales were "recorded in an
June 10, 2024
Business|Europe|Finance|News|Stock Markets
Abrdn CEO Bird exits abruptly after four rocky years
Abrdn CEO Stephen Bird has stepped down, the British fund manager said on Friday, after a turbulent four-year tenure marked by deep outflows of client cash and a much
June 10, 2024
Business|Finance
Coffee, sculptures and financial advice. Banks try to make new branches less intimidating
After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch
June 10, 2024
Business|Finance|Technology
British tech founder Mike Lynch denies defrauding HP at US criminal trial
Mike Lynch, the tech founder once hailed as Britain's answer to Steve Jobs, denied wrongdoing at his fraud trial on Thursday in connection with
June 10, 2024
Asia|Business|Finance|News|Technology|Uncategorized
Xiaomi ups EV goal to 120,000 as Q1 tops forecasts on strong phone sales
China's
June 10, 2024
Business|Economy|Finance|News
IMF, Pakistan make significant progress on new loan, IMF mission says
An International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender
June 10, 2024
Business|Finance
Morgan Stanley executive chairman James Gorman will step down at year end
Morgan Stanley's executive chairman James Gorman told the bank's annual shareholder meeting on Thursday that he would step down on Dec. 31.
June 09, 2024
Business|Economy|Finance
Goldman Sachs gets license for regional headquarters in Saudi Arabia, source says
Wall Street titan Goldman Sachs has received a license to set up its regional headquarters in Saudi Arabia's Riyadh, according to a person familiar with the matter.
June 09, 2024
Business|Finance|US
DoubleLine CEO expects imminent US recession, government debt surge
Jeffrey Gundlach, the chief executive of investment management company DoubleLine Capital, expects a U.S
June 09, 2024
Business|Europe|Finance
Thyssenkrupp board approves partial sale of steel unit to billionaire Kretinsky
Thyssenkrupp on Thursday said its supervisory board approved a planned sale of 20% of the conglomerate's steel division to Czech billionaire
June 09, 2024
Business|Entertainment|Technology
Charter brings Paramount+ to Spectrum TV customers in new carriage deal
Paramount Global has signed a new multi-year content distribution deal with Charter Communications for its full portfolio of linear cable networks, the companies said on Thursday.
June 09, 2024
Business|Finance|Technology
SpaceX mulling tender offer at $200 billion valuation, Bloomberg News reports
Elon Musk's SpaceX has initiated discussions about selling existing shares in a deal that could value the company at roughly $200 billion, Bloomberg News reported on Thursday, citing people
June 09, 2024
Business|Finance|Stock Markets|Technology|US
Boeing's cash flow situation is worse than expectations, S&P analyst says
Boeing's cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024.
June 09, 2024
Business|Economy|Finance|US
Improved business activity casts doubt over rate cuts
Businesses across the globe broadly enjoyed an improved performance this month with activity picking up in the United States and
June 08, 2024
Business|Europe
As questions grow for Germany, investors warm to France
For 65 years German electrical components maker Hager has straddled the Rhine with sites on either side, but lately the family-owned group has plumped for the French
June 08, 2024
Business|Technology
AI-generated videos to drive more demand for Nvidia chips, CEO Huang says
For chip designer Nvidia, the generative artificial intelligence boom is a gift that keeps on giving.
June 08, 2024
Business|Economy|US
Biden overtime pay rule challenged by US business groups
A coalition of U.S. business groups has filed a lawsuit seeking to block a Biden administration rule that would extend mandatory overtime pay to 4 million workers, saying
June 08, 2024
Business|Economy|News|US
Ahold Delhaize to close underperforming US Stop & Shop stores
Supermarket group Ahold Delhaize said on Thursday it will close an undisclosed number of underperforming Stop & Shop grocery stores in the U.S. this year.
June 08, 2024
Business|Economy|Finance|US
US business activity quickens in May; price pressures building up
U.S. business activity accelerated to the highest level in just over two years in May, but manufacturers reported a surge in prices for a range of inputs, suggesting that goods
June 07, 2024
Business|Finance
China Vanke granted $2.8 billion onshore syndicated loan facility
Cash-strapped major property developer China Vanke said on Thursday it had received a 20 billion yuan ($2.76 billion) syndicated loan facility and it would continue to push
June 07, 2024
Business|Economy|Finance|US
US plans $75 million grant to Absolics for advanced chip packaging
The US Commerce Department said on Thursday it plans to grant $75 million to Absolics for constructing a 120,000-square-foot facility in Georgia that will
June 07, 2024
Business|Economy|Finance|Technology
South Korea unveils $19 billion package to compete in global chip 'warfare'
South Korea announced on Thursday a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip
June 07, 2024
Business|Education|Lifestyle|Opinion
Beyond Seinfeld’s ‘Unfrosted’ – lessons from Michigan’s serial cereal entrepreneurs
The Pop-Tart teaches an entrepreneurial lesson: While first movers may have an advantage, a fast follower often wins the game in the long run.
June 07, 2024
Business|Finance
Anglo leaves door open to engage with BHP after spurning third offer
Anglo American has agreed to a one-week extension for BHP Group to make a binding takeover offer, it said on Wednesday, after rejecting a third
June 07, 2024
Business|Technology
Amazon.com investors reject all 14 outside proposals at meeting
Amazon.com investors voted against all 14 resolutions that asked the retailer to disclose more about its carbon emissions and its directors' donations, and to form a
June 07, 2024
Business|Finance|Stock Markets|US
Target issues weak forecast as shoppers pull back; shares tumble
U.S. retailer Target on Wednesday reported quarterly earnings that missed Wall Street estimates and its forecast for the current quarter also
June 07, 2024
Americas|Economy|Finance|News
Argentina's economic activity down 8.4% in March, biggest drop since 2020
Argentina's economic activity fell 8.4% in March from a year earlier, the country's official statistics agency said on Wednesday, its fifth monthly drop in a row and the
June 07, 2024
Business|Economy|News
Japan's factory activity expands for first time in a year, PMI shows
Japan's factory activity crept into expansion for the first time in a year in May, a business survey showed on Thursday, as manufacturing gathered pace after months of weakness.
June 07, 2024
Business|Finance|Stock Markets
BHP will not relent on structure, value of $49 billion Anglo offer, say sources
BHP will stand firm on the structure and value of its latest takeover proposal for Anglo American, focusing instead on allaying its
June 07, 2024
Business|Economy|Europe
French private sector activity unexpectedly contracts in May, PMI shows
France's private sector unexpectedly shrank in May after expanding in April, with the dominant services industry joining manufacturing in reporting a contraction in activity, a
June 07, 2024
Business|Economy|Europe|Finance
German business activity grows for second straight month in May, PMI shows
German private sector activity expanded in May for the second consecutive month, driven by strong activity in services, a preliminary survey showed on Thursday.
June 07, 2024
Business|Economy|Europe|Finance
Euro zone May business growth at year high, PMI shows
Euro zone business activity has expanded at its fastest pace in a year this month, supported by buoyant demand for services, while the manufacturing sector showed signs of
June 07, 2024
Business|Economy
Growth across UK business dips in May, in early blow to Sunak, PMI survey shows
Growth across British businesses has cooled noticeably this month and by more than any economist polled by Reuters had predicted, a survey showed on Thursday, in an
June 07, 2024
Business|Finance|Health|US
Pfizer rolls out another cost-cutting program, sets $1.5 billion target by 2027
U.S. drugmaker Pfizer on Wednesday launched a new multi-year program to reduce its expenses by about $1.5 billion by the end of 2027, adding on to a $4 billion cost cutting plan it
June 07, 2024
Business|Finance|Technology
British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard
British tech magnate Mike Lynch has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard
June 06, 2024
Business|Economy|Europe|Finance|Technology
European Commission official sees $100 billion in private chip investment by 2030
The European Chips Act is on track to help attract more than 100 billion euros ($108.41 billion) worth of private investment to the European semiconductor
June 06, 2024
Asia|Business|Economy|Finance|Stock Markets
China's local govt bodies ask Evergrande EV unit to return $262.4 million subsidies
China Evergrande New Energy Vehicle said on Wednesday its unit had received a letter from the country's local administrative bodies demanding repayment of 1.9 billion yuan ($262.42 million)
June 06, 2024
Arts|Business|Celebrity|Fashion and Beauty|Lifestyle
Virginie Viard, who succeeded Karl Lagerfeld at Chanel, leaves fashion house
Virginie Viard, the creative director of Chanel who replaced Karl Lagerfeld after his death, is leaving the fashion house
June 06, 2024
Business|Finance|Technology
AI startup Anthropic hires Airbnb veteran Krishna Rao as first CFO
Artificial intelligence startup Anthropic has hired Airbnb veteran Krishna Rao as its first finance chief, the company said on Tuesday, as it plans to expand its AI offerings and better
June 05, 2024
Business|Economy|Finance
UK manufacturing orders dry up in May: CBI
British manufacturing orders contracted this month at the fastest rate since November and expectations for future price hikes abated, a survey showed on Tuesday.
June 05, 2024
Business|Finance
Macy's lifts annual profit forecast as new CEO's revamp takes root
Macy's raised its profit forecast for the year on Tuesday, as its new CEO's turnaround plan helped to shield the department store chain from
June 05, 2024
Business|Economy|Finance
Dollar Tree looking at options for Family Dollar, including possible sale of the segment
Discount retailer Dollar Tree says it’s looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment
June 05, 2024
Business|Europe|Technology|World
AI-intensive sectors are showing a productivity surge, PwC says
The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes
June 05, 2024
Asia|Business|Finance|Technology
Li Auto delays pure electric SUV launch due to insufficient fast charging network
China's Li Auto said it has postponed plans to launch pure electric SUV models to next year, citing hurdles such as a lack of enough fast chargers, sending its shares down more
June 05, 2024
Business|Finance|Technology
Telstra to axe up to 2,800 jobs as competition stiffens amid high inflation
Telstra will be slashing over a tenth of its workforce by 2024 end and stopping its traditional annual inflation-linked price adjustments for
June 05, 2024
Business|Entertainment|Finance|US
Disney set to invest up to $17B in Florida parks now that fight with DeSantis appointees has ended
Months after Disney and Gov. Ron DeSantis’ appointees agreed to end their legal fight, the two sides are set to approve an agreement that could result in the company investing up to $17 billion into its Florida resort
June 05, 2024
Business|Finance|Technology
Zoom lifts annual forecasts on robust demand amid AI push
Zoom Video Communications on Monday raised its annual forecast for profit and revenue, helped by robust demand for its product portfolio as companies continue to adopt hybrid work.
June 04, 2024
Business|Finance|US
Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal
Japan's Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S.
June 04, 2024
Business|Technology
Tech news site Gizmodo sold for third time in 8 years as European publisher Keleops looks to expand
Longtime technology news and review site Gizmodo has been sold for the third time in the past eight years
June 04, 2024
Business|News|Science|Technology|US
Maine company plans to launch small satellites starting in 2025
Representatives for a Maine company that plans to send small satellites into space from the Northeast’s most rural state say they hope to start launches next year
June 04, 2024
Business|Finance
Top Japan companies agree to 5.58% average pay hike, business lobby says
Top Japanese companies agreed to wage increases of an average 5.58% at annual labour talks that wrapped up in March, the Keidanren business lobby's preliminary
June 04, 2024
Europe
Irish business tycoon and rugby record breaker Tony O'Reilly dies at 88
Tony O'Reilly, the Irish media tycoon and former H.J.
June 04, 2024
Economy|Finance|News|US
A grant program for Black women business owners is discriminatory, appeals court rules
A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners on Monday, ruling that a conservative group is likely to prevail in its lawsuit claiming that the program is discriminatory
June 03, 2024
Business|Finance|Technology|US
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy
June 03, 2024
Business|News|Technology
Apple set to release slimmer iPhone in 2025, the Information reports
Apple is developing a slimmer version of the iPhone that is likely to be launched by 2025, the Information reported on Friday, citing three people with knowledge of the project.
June 03, 2024
Business|Finance|Stock Markets|US
Boeing shareholders vote to re-elect CEO Calhoun to board
Boeing Co shareholders voted to re-elect outgoing Chief Executive Dave Calhoun to the planemaker's board at the company's annual meeting, as per a preliminary tally.
June 03, 2024
Business|Finance|Technology|US
Tesla chair sees challenges in getting shareholder vote for Musk's pay package, FT reports
Tesla's chair of the board said the company needs to climb "Mount Everest" as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financial
June 03, 2024
Business|Finance|Technology
ABB buys Siemens's wiring accessories business in China
ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.
June 02, 2024
Business|Technology
British grocer Sainsbury's partners with Microsoft to use AI for data insights
Britain's Sainsbury's said on Friday it has agreed a five-year strategic partnership with Microsoft that will use the technology company's artificial intelligence capabilities and
June 02, 2024
Business|Economy|Finance|Food|Stock Markets|US
Haidilao restaurant operator Super Hi prices US IPO at $19.56 per share
Super Hi International, which operates Chinese hotpot restaurant chain Haidilao in the overseas market, on Thursday priced its initial public offering in the United States at $19.56 per
June 02, 2024
Business|Finance|Sports
Everton faces uncertain future after proposed sale to investment firm 777 Partners falls through
Miami-based private investment firm 777 Partners has failed to conclude a deal for the purchase of Everton
June 01, 2024
Business|Europe|Technology|US
Tesla gets local council go-ahead for German factory expansion
Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric
June 01, 2024
Business|Europe|Finance|Stock Markets
European shares snap nine-day winning streak as Siemens weighs
European shares snapped a nine-day winning streak on Thursday, weighed by Germany's Siemens after a second-quarter industrial profit miss, while a
May 31, 2024
Americas|Business|Economy|Election|Finance
Panama president-elect builds business-friendly cabinet
Panama President-elect Jose Raul Mulino on Thursday pulled business leaders and an economist into his ranks, the first cabinet selections in what Mulino has
May 31, 2024
Crime|News|Uncategorized
At bribery trial, ex-US official casts Sen. Bob Menendez as a villain in Egyptian meat controversy
At a bribery trial, a former top U.S. agricultural official has cast Sen. Bob Menendez as a villain who tried to stop him from disrupting an unusual sudden monopoly that developed five years ago over the certification of meat exported to Egypt
May 31, 2024
Business|Entertainment|Sports|Technology
Disney, Fox, Warner Bros Discovery sports-streaming venture named Venu Sports
The sports-streaming service set to be launched by Walt Disney Co, Warner Bros Discovery and Fox Corp will be called Venu Sports and is on track for launch this fall, Pete Distad, the
May 31, 2024
Business|Europe|Finance|Stock Markets
Adidas chairman Thomas Rabe re-elected until 2025
A majority of Adidas shareholders backed the re-election of chairman Thomas Rabe at the company's annual general meeting on Thursday, securing his role for a fifth year, with the German
May 31, 2024
Business|Economy|Finance|Food
Chobani yogurt billionaire buys San Francisco's Anchor Brewing Co.
Craft beer pioneer Anchor Brewing Co. has been purchased by Chobani yogurt founder and billionaire Hamdi Ulukaya
May 31, 2024
Business|Economy|Technology
Does the US have a planned economy? You might be surprised
Companies need adept planning to solve supply chain issues.
May 31, 2024
Americas|Business|Economy|Finance
Chile gives Albemarle option to boost lithium quota by 240,000 metric tons
Chile's economic development agency CORFO on Wednesday said it reached an agreement with Albemarle to establish an option for the U.S. company to increase its production quota by
May 31, 2024
Business|Economy|Finance|Travel
How easyJet's bet on holidays paid off
EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the
May 31, 2024
Asia|Business|Travel
Singapore Airlines CEO says travel out of China not yet recovered
Air travel demand from China is not back to pre-pandemic levels for
May 31, 2024
Business|Europe|Finance
Deutsche Bank under fire from investors over Postbank problems
Big investors in Deutsche Bank vented their frustration at Germany's top lender on Thursday, describing problems at its Postbank business as a trust-damaging
May 31, 2024
Business|Finance
Swedish investor AP7 to back study on Mondelez Russia business
At least one Mondelez investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks
May 30, 2024
Business|Economy|US
Exxon says proxy advisor Glass Lewis should recuse itself from making recommendations
U.S. oil giant Exxon said on Wednesday proxy advisor Glass Lewis should recuse itself from making recommendations on its upcoming shareholder meeting due to conflict of interest.
May 30, 2024
Business|Sports|US
Sports leagues question whether broadcaster Diamond can survive without Comcast
Major League Baseball, the National Hockey League and the National Basketball Association said on Wednesday that bankrupt broadcaster Diamond Sports may not
May 30, 2024
Business|Finance|US
US banking regulators announce July 19 public meeting on Capital One-Discover deal
A pair of U.S. banking regulators announced on Tuesday they would be hosting a public meeting on July 19 to solicit input on the proposed acquisition of Discover Financial
May 30, 2024
Business|Economy|News|US
US business inventories fall in March
U.S. business inventories fell in March, but this could lay the ground for businesses to rebuild stocks and support economic growth in the second quarter.
May 30, 2024
Business|Technology|US
Billionaire Frank McCourt's Project Liberty forms consortium to bid for TikTok's US operations
Entrepreneur and former Los Angeles Dodgers owner Frank McCourt said on Wednesday his organization, Project Liberty, is forming a consortium to buy social media platform TikTok in the
May 30, 2024
Business|Technology
Anthropic taps Instagram co-founder as product chief
Artificial intelligence startup Anthropic has appointed Instagram co-founder Mike Krieger as its chief product officer, the company said on Wednesday, it looks to spruce up its AI
May 30, 2024
Business|Europe|Finance
Siemens to sell drive division to KPS for $3 billion, sources
Germany's Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion),
May 30, 2024
Business|Economy|Finance
Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.
Asian shares are higher as investors shrug off yet another decline on Wall Street
May 30, 2024
Business|News|Technology
Boeing tells federal regulators how it plans to fix aircraft safety and quality problems
Boeing officials have presented a plan for improving manufacturing quality and safety to federal officials
May 30, 2024
Asia|Business|Technology
Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch
Chinese smartphone maker Xiaomi has become the country's eighth-largest electric vehicle upstart after selling more than 7,000 units of its first model, the SU7 sedan, in
May 30, 2024
Business|Economy|Finance|Stock Markets
BHP's options for Anglo American deal narrow as deadline looms
BHP Group's options for its pursuit of rival miner Anglo American include sweetening its $42.7 billion buyout offer, making a hostile bid or
May 30, 2024
Business|Europe|Finance|Stock Markets
Thyssenkrupp cuts profit forecast as steel demand wanes
German conglomerate Thyssenkrupp cut its annual forecasts for sales and net profit for the second time in three months, blaming lower demand
May 30, 2024
Business|Economy|News
Canadian home sales fell 1.7% in April, CREA data shows
Canadian home sales declined 1.7% in April from March, and were up 10.1% on an annual basis, data from the Canadian Real Estate Association (CREA) showed on Wednesday.
May 30, 2024
Business|Europe|Finance|Stock Markets
European shares close at record high; Delivery Hero soars
European shares closed at a record high on Tuesday, with German's Delivery Hero notching its biggest jump on record on the sale of its Taiwan
May 29, 2024
Economy|Finance|Stock Markets|US
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation
May 29, 2024
Business|Finance|News|Stock Markets|US
Bayer's first-quarter adjusted profit falls less than expected
Bayer beat first-quarter analyst forecasts as it reported a slight drop in adjusted earnings on Tuesday, providing a respite for the CEO's turnaround efforts.
May 29, 2024
Business|Finance|Stock Markets|US
Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports
Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people
May 29, 2024
Business|Economy|Finance|US
US small business sentiment rebounds in April
U.S. small-business confidence increased in April and the share of owners planning to raise prices was the smallest in a year, but persistent labor shortages continued to exert
May 29, 2024
Asia|Business|Technology
Foxconn upbeat on AI demand, stands by Sharp following writedown
Apple supplier Foxconn said on Tuesday it remained confident about strong AI server demand this year driving revenue, and pledged to stand by Japan's
May 29, 2024
Business|News|Technology|US
Boeing commercial jet deliveries drop by two in April
Boeing said on Tuesday it delivered 24 commercial airplanes last month, down by two from the 26 planes it handed over to customers during a weak April for deliveries a year ago, as the U.S
May 29, 2024
Business|Economy|Finance
India April wholesale price index rises at fastest pace in a year
India's wholesale price-based inflation rose 1.26% in April, the highest pace in a year, mainly driven by food and primary articles, government data showed on Tuesday.
May 28, 2024
Americas|Business|Economy|Finance|News|US|World
US opens up banking to private Cuban businesses as it aims to boost private sector
The U.S. is lifting some financial restrictions on Cuba in a move designed to boost private businesses on the island
May 28, 2024
Business|Economy|Finance|News
Abuses documented in FDIC sexual misconduct report unacceptable, Yellen says
U.S. Treasury Secretary Janet Yellen on Monday said abuses documented in a report on workplace problems at the U.S.
May 28, 2024
Business|Finance|US
Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger
U.S Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp's proposed $53 billion acquisition of Hess Corp.
May 28, 2024
Asia|Business|Economy|Food
McDonald's cooperating with Chinese regulator after reported food issues
McDonald's is actively cooperating with the Chinese local market regulator to investigate and verify matters related to food issues, the company said on its Chinese website on
May 28, 2024
Business|Economy|Finance
Eni eyes new oil and gas spin-offs in energy transition satellite strategy
Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance
May 28, 2024
Americas|Business|Economy
US company rejects Mexico's criticism, buy-out offer, says president's projects hurt the environment
An American quarry company has rejected the Mexican president’s campaign of criticisms and closures, and his offer to buy its property on the Caribbean coast
May 27, 2024
Business|Europe|Finance
German aviation company Lilium and Swiss firm to open new sites in France
German aviation firm Lilium and Swiss-based nickel refinery company KL1 will set up new sites in France representing a combined investment of 700 million euros ($753.83 million),
May 27, 2024
Business|Economy|Europe|Health
Pfizer and AstraZeneca announce new investments of nearly $1 billion in France
Leading healthcare companies Pfizer and AstraZeneca announced on Sunday new investments in France worth a total of nearly $1 billion, ahead of the start of this year's annual 'Choose
May 27, 2024
Business|Economy|Europe|Technology
French presidency: Amazon to announce new 1.2 billion euros investment in France
U.S. internet giant Amazon will announce a new 1.2 billion euros ($1.3 billion) investment in France, the French presidency said on Sunday ahead of the start of the country's annual
May 27, 2024
Asia|Business|Economy|Finance
China's Country Garden repays onshore coupons within grace period
Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following
May 27, 2024
Business|Economy|Food|US
McDonald's considering $5 meal deal launch to draw diners, source says
McDonald's U.S. franchises are considering launching a $5 meal deal, a source familiar with the matter said on Friday, as the fast-food chain looks to draw more inflation-hit customers to
May 26, 2024
Business|Economy|Europe|Finance|Stock Markets
STOXX 600 closes at record high on earnings, rate cut optimism
Europe's main stock index closed at a record high on Friday, on track for its biggest weekly gain since late January, as risk appetite was bolstered by
May 26, 2024
Asia|Business|Economy|Europe|Finance|Technology
Factbox-Chinese EV makers set sights on European production
Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they aim to ramp up sales of lower-cost cars in the region to rival their European competitors
May 25, 2024
Business|Fashion and Beauty
Luciano Benetton says he's stepping down as chairman of family-run brand as losses top $100 million
Luciano Benetton says he's stepping down as chairman of the apparel brand
May 25, 2024
Asia|Business|Technology
SoftBank in talks with Naver over control of Line operator LY
SoftBank CEO Junichi Miyakawa said on Thursday that the Japanese telecommunications firm is in talks with South Korea's Naver over control of LY
May 24, 2024
Business|Entertainment|Lifestyle|US
Target to cut LGBTQ Pride month products from some stores after backlash, Bloomberg reports
Target is planning to cut LGBTQ-themed merchandise from some of its stores during Pride Month this June, Bloomberg News reported on Thursday, after a backlash hit sales of the retailer
May 24, 2024
Business|Finance|US
Dollar’s stubborn strength dents US companies’ earnings cheer
A host of U.S. companies are faced with a problem they had not expected to confront this year: a rising dollar.
May 24, 2024
Business|Europe|Finance|Stock Markets
Europe sees two-speed IPO recovery as smaller deals lag
A string of stock listings this year has infused new life into Europe's anaemic market for initial public offerings, but
May 24, 2024
Asia|Business|Finance|Technology
Sony Group, others eyeing buyout of Infocom, Bloomberg News reports
Sony Group and other parties are considering buying online comic store operator Infocom Corp in a deal worth up to 200 billion yen ($1.28 billion), Bloomberg News reported on Thursday
May 24, 2024
Business|Finance|US
Japan's Nippon Steel sticks to plan to close U.S. Steel deal by year-end
Japan's top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy U.S.
May 24, 2024
Business|Finance|News|Stock Markets|US
Trulieve Cannabis' quarterly loss narrows on demand boost
Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand.
May 24, 2024
Business|News|Technology
Emirates boss says unhappy with Boeing delays in fixing 777X problems
The chairman of Dubai carrier Emirates said on Tuesday he was not happy with Boeing, which he said
May 24, 2024
Business|Economy|Finance|US
Citgo Petroleum reports first quarter profit of $410 million
U.S. oil refiner Citgo Petroleum on Thursday reported its first quarter net fell 56% to $410 million, from $937 million in the same period a year ago.
May 24, 2024
Business|Economy|Entertainment|Finance
Blackstone set to clinch Hipgnosis Songs as Concord sticks with lower bid
Blackstone looked set to clinch its $1.57 billion deal for Hipgnosis Songs Fund after Apollo-backed Concord said on Thursday it would stick with its lower bid for the music rights owner of
May 24, 2024
Business|Education|Finance|Sports
NCAA, leagues back $2.8 billion settlement, setting stage for current, former athletes to be paid
The NCAA and five major college sports conferences have agreed to settle antitrust allegations for nearly $2.8 billion over the next 10 years
May 23, 2024
Business|Finance|Stock Markets|US
The rise and fall of Bill Hwang's Archegos Capital Management
Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on
May 23, 2024
News|Economy|Environment|US
Norfolk Southern will pay $15 million fine as part of federal settlement over Ohio derailment
The federal government agreed to a $15 million fine for Norfolk Southern over last year’s disastrous derailment in East Palestine, Ohio
May 23, 2024
Business|Stock Markets|Technology|US
Nvidia's stock is expensive. A look at why, and how that should change, by the numbers
Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500
May 23, 2024
Africa|News|World
Biden thanks Kenya's Ruto for sending police to Haiti and defends keeping US forces from the mission
President Joe Biden has offered his deep appreciation to Kenyan President William Ruto for the coming deployment of 1,000 Kenyan police forces to help quell gang violence in Haiti
May 23, 2024
Asia|Business|Economy|Finance|News|Stock Markets
Stock market today: Asian shares track Wall Street's slide on worries over interest rates
Asian shares are mostly lower after a retreat on Wall Street following strong economic reports that raised the possibility of interest rates staying painfully high
May 23, 2024
Business|Entertainment|Technology
Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets
Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry
May 23, 2024
News|Crime|Europe|World
Ukraine tycoon Kolomoisky named suspect in decades-old murder attempt
Ukrainian authorities suspect jailed tycoon Ihor Kolomoisky of being behind the attempted murder of a lawyer in a corporate dispute more than 20 years ago, the national police said on
May 22, 2024
Business|Finance|Stock Markets|US
HF Sinclair beats quarterly profit view, announces $1 billion share buyback
Refiner HF Sinclair on Wednesday surpassed first-quarter profit estimates aided by higher fuel sales and announced a new share buyback program of $1 billion.
May 22, 2024
News|Business|World
Gaza war cools Israel's once red-hot business ties with UAE
The war in Gaza has cooled Israeli business activity with the United Arab Emirates, with the once-celebrated relationship now conducted
May 22, 2024
Business|Economy|Finance|US
US wholesale inventories drop by unrevised 0.4% in March
U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.
May 22, 2024
Business|Technology
Factbox: What is in Huawei's new Pura 70 smartphones
Huawei's new high-end Pura 70 smartphone series quickly sold out after it was launched last month with analysts touting it as another Apple iPhone challenger and adding to signs of how the
May 22, 2024
Europe|News|World
War upends Ukraine's economy in a shift that may be permanent
Within days of Russian forces invading Ukraine in early 2022, architect Oleh Drozdov made up his mind: he would move his home and business from the besieged eastern
May 22, 2024
Asia|Business|Finance|Technology
Panasonic's battery unit misses annual profit estimate
The energy unit of Japan's Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in
May 22, 2024
Business|Asia|Economy|Finance
China Vanke to auction Shenzhen land plot with loss-making reserve price
Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to raise funds to
May 22, 2024
Business|Europe|Finance|Technology
Italy's Leonardo in wait-and-see mode over Boeing delays
Italy's Leonardo is waiting to see the impact of Boeing's recent troubles on production, which could cost the Italian firm some 50 million euros in 2024, the group's CEO said on
May 22, 2024