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

Business

Business|Finance|Stock Markets|US

American Express profit rises in Q3 as card members continue to spend

American Express’ third-quarter profit topped analysts’ expectations as the credit card company’s cardholders continue to spend, with many holding a balance

American Express profit rises in Q3 as card members continue to spend
Asia|Economy

Hong Kong's July-September unemployment rate holds steady at 3%

Hong Kong's seasonally adjusted unemployment rate stood at 3% in July-September, unchanged from the previous three-month period, the government said on Friday.

Hong Kong's July-September unemployment rate holds steady at 3%
Business|Economy|Finance|Stock Markets

Brazil's Assai cuts estimate for 2025 new store openings

Brazilian food retailer Assai said on Thursday it now forecasts it will open some 10 new stores next year, half the prior estimate of about 20, according to a securities filing.

Brazil's Assai cuts estimate for 2025 new store openings
Business|Technology|US

US FTC probing Deere over customers' 'right to repair' equipment

The U.S. Federal Trade Commission is probing farm equipment maker Deere over the company's repair policies, according to a filing made public on Thursday.

US FTC probing Deere over customers' 'right to repair' equipment
Asia|Business|Crime|Economy

Vietnamese real estate tycoon sentenced to life for billions in fraud in government graft crackdown

A Vietnamese real estate tycoon has been convicted of fraudulently obtaining property worth billions of dollars and sentenced to life in prison in a case that has been a centerpiece of the government’s crackdown on corruption

Vietnamese real estate tycoon sentenced to life for billions in fraud in government graft crackdown
Asia|Business|Finance|Stock Markets

Hyundai Motor India set to price shares at top of range to raise $3.3 billion, sources say

Hyundai Motor India is set to price its shares at 1,960 rupees to raise $3.3 billion in its initial public offering, according to two sources with direct

Hyundai Motor India set to price shares at top of range to raise $3.3 billion, sources say
Asia|Business|Economy|Finance|US

McKinsey cuts hundreds of jobs in China business, WSJ reports

U.S.-based consulting firm McKinsey is revamping its China business after reducing its government-linked clients and cutting about 500 jobs, which is around a third of its China workforce,

McKinsey cuts hundreds of jobs in China business, WSJ reports
Business|Economy|Finance

What Boeing’s massive financial crisis means for you

What Boeing’s massive financial crisis means for you

What Boeing’s massive financial crisis means for you
Business|US

US judge orders Boeing, DOJ to detail diversity policy before deciding on plea

A federal judge on Tuesday ordered Boeing and the U.S.

US judge orders Boeing, DOJ to detail diversity policy before deciding on plea
Americas|Business|Economy

Mexico says foreign firms have pledged $20 billion in investments, but many are old or uncertain

Mexican officials say companies have pledged $20 billion in new foreign direct investment in Mexico

Mexico says foreign firms have pledged $20 billion in investments, but many are old or uncertain
Business|Economy|Finance|Sports|US

Trump’s Scottish golf courses continue to struggle

Donald Trump’s two Scottish golf courses, into which he has pumped hundreds of millions of dollars over the past two decades, continued to burn cash in 2023, accounts published on Tuesday

Trump’s Scottish golf courses continue to struggle
Business|Economy|Finance|Stock Markets|Technology

Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars

Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars

Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars
Business|Economy|Finance|US

Walgreens to close 1,200 stores as US pharmacies struggle to define a new role

Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience

Walgreens to close 1,200 stores as US pharmacies struggle to define a new role
Business|Technology

'A toaster on wheels': Swisher reacts to Musk unveiling 'Robovan'

CNN contributor Kara Swisher gives her take on Elon Musk's announcement of Tesla's "Robovan" and "Cybercab" vehicles.

'A toaster on wheels': Swisher reacts to Musk unveiling 'Robovan'
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street falls from its records as oil prices tumble and tech stocks drop

U.S. stocks pulled back from their records as the price of crude oil tumbled again and technology stocks faltered

Stock market today: Wall Street falls from its records as oil prices tumble and tech stocks drop
Asia|Economy

Hong Kong policy address seen pivoting from security to economic growth

Hong Kong is expected to announce measures to boost the city's economy in its annual policy address on Wednesday, including slashing liquor tariffs, as it seeks

Hong Kong policy address seen pivoting from security to economic growth
Business|Entertainment|Finance

Legendary Entertainment buys out Dalian Wanda's stake in the Hollywood studio

Legendary Entertainment on Monday said it had completed a buyout of Chinese conglomerate Dalian Wanda Group's remaining stake in the movie studio and will be wholly owned by Apollo Global.

Legendary Entertainment buys out Dalian Wanda's stake in the Hollywood studio
US

What is open and closed on Indigenous Peoples’ Day 2024

What is open and closed on Indigenous Peoples’ Day 2024

What is open and closed on Indigenous Peoples’ Day 2024
Asia|Election

Macao's former top judge is chosen as the Chinese casino hub's first leader born in mainland China

Macao’s former top judge has been chosen the Chinese casino hub’s next leader

Macao's former top judge is chosen as the Chinese casino hub's first leader born in mainland China
Fashion and Beauty|Lifestyle

New Croc clogs mean matching togs for your dogs

New Croc clogs mean matching togs for your dogs

New Croc clogs mean matching togs for your dogs
Business|Finance|Technology

Changing OpenAI's nonprofit structure would raise questions about its future

The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion

Changing OpenAI's nonprofit structure would raise questions about its future
Business|Technology

Tesla's sporty, two-seater robotaxi design puzzles experts

Tesla's reveal of a robotaxi designed as a low-slung, two-seater, sporty coupe - quite the opposite of a typical taxi with room for several

Tesla's sporty, two-seater robotaxi design puzzles experts
Celebrity|Videos

Florida resident in tears talking about her destroyed house

Cheryl Bernatowicz joins The Lead

Florida resident in tears talking about her destroyed house
Business|Economy|Finance|US

US consumer sentiment slips in October

U.S. consumer sentiment slipped in October amid lingering frustration over high prices, a survey showed on Friday.

US consumer sentiment slips in October
Economy|Finance|US

Another key US inflation gauge fell in September

Another key US inflation gauge fell in September

Another key US inflation gauge fell in September
Business|Crime|Finance|US

US judge scrutinizes Boeing plea deal in fatal crashes

A federal judge on Friday pressed U.S.

US judge scrutinizes Boeing plea deal in fatal crashes
Business|Crime|Economy|Finance|US

Boeing's lawyers argue for settlement opposed by relatives of those killed in 737 Max crashes

Relatives of passengers who died in Boeing Max crashes have attended a Texas courtroom where their lawyers asked a judge to throw out a plea agreement they say is a sweetheart deal for Boeing

Boeing's lawyers argue for settlement opposed by relatives of those killed in 737 Max crashes
Business|Finance

Citigroup establishes banking executive team, memo shows

Citigroup has formed an executive team of senior leaders from its corporate and investment bank, according to an internal memo seen by Reuters on Thursday, as the U.S. lender aims to

Citigroup establishes banking executive team, memo shows
Asia|Business|Celebrity

Ratan Tata gets state funeral as India bids farewell to business tycoon

India bade farewell on Thursday to one of its most respected corporate leaders - Ratan Tata, who expanded companies under his brand name into a global behemoth

Ratan Tata gets state funeral as India bids farewell to business tycoon
Business|Economy|Europe|Finance

IPOs stage fall comeback in Europe

Initial public offerings (IPOs) are slowly coming back in Europe after a summer lull.

IPOs stage fall comeback in Europe
Business|Finance

Japan's Seven & i unveils restructuring plan as $47 billion Couche-Tard bid looms

Seven & i Holdings announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend

Japan's Seven & i unveils restructuring plan as $47 billion Couche-Tard bid looms
Business|Economy|Finance|Technology

India regulatory reform could hasten homecoming of IPO-bound startups

India's scrapping of a time-consuming compliance step will accelerate the pace at which Indian startups domiciled abroad shift back home

India regulatory reform could hasten homecoming of IPO-bound startups
Asia|Business|Economy|Finance

A third of Japan firms likely to miss H1 forecasts, Reuters poll shows

More than a third of Japanese companies are likely to miss their earnings projections for the first half of the business year that commenced in April due to slow

A third of Japan firms likely to miss H1 forecasts, Reuters poll shows
Asia|Business|Economy

Ratan Tata, Indian tycoon who took his empire global, dead at 86

Ratan Tata, Indian tycoon who took his empire global, dead at 86

Ratan Tata, Indian tycoon who took his empire global, dead at 86
Asia|Business

Ratan Tata, an Indian industry legend and business icon dies aged 86

Ratan Tata, one of India’s most influential business leaders, has been cremated after a state funeral in the country’s financial capital

Ratan Tata, an Indian industry legend and business icon dies aged 86
Asia|Business|Economy|US

Ratan Tata, who put India's Tata Group on the global map, dies at 86

Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the

Ratan Tata, who put India's Tata Group on the global map, dies at 86
Business|Stock Markets|US

US cruise stocks rise as Citi upbeat about strong growth indicators

Shares of U.S. cruise operators, including Norwegian Cruise Line Holdings, surged in midday trading on Wednesday as brokerage Citi gets bullish on the companies' long-term prospects.

US cruise stocks rise as Citi upbeat about strong growth indicators
Asia|Health

Ratan Tata, of India's Tata conglomerate, in hospital intensive care, sources say

Ratan Tata, chairman emeritus of one of India's biggest conglomerates, Tata Sons, is in critical condition in intensive care at a Mumbai hospital, two sources with

Ratan Tata, of India's Tata conglomerate, in hospital intensive care, sources say
Asia|Economy|Finance

Stock market today: Wall Street sets more records after Shanghai's worst drop since early COVID

U.S. stocks rose to records after the latest wild swerves for Chinese stocks left few ripples in markets worldwide

Stock market today: Wall Street sets more records after Shanghai's worst drop since early COVID
Business|Economy|Finance

Tax worries knock UK business confidence, survey shows

British business confidence fell in the third quarter as tax worries hit investment, according to a survey of accountants that chimes with similar concerns from

Tax worries knock UK business confidence, survey shows
Americas|Business|Finance

Mexico's Walmex expects final ruling from antitrust watchdog soon

Mexico's Walmex, the local unit of U.S.-based retail giant Walmart, expects antitrust watchdog Cofece to soon announce its final ruling stemming from a probe into

Mexico's Walmex expects final ruling from antitrust watchdog soon
Election|News|US

This Montana Senate candidate said his opponent ate 'lobbyist steak.' But he lobbied—with steak

Montana Republican Tim Sheehy denounced incumbent U.S. Sen. Jon Tester during a recent debate for “eating lobbyist steak” while Sheehy was fighting in Afghanistan

This Montana Senate candidate said his opponent ate 'lobbyist steak.' But he lobbied—with steak
Business|Finance

Northvolt subsidiary files for bankruptcy after project pulled

A subsidiary of Sweden's Northvolt filed for bankruptcy on Tuesday after the project it was developing was cancelled, court filings showed, while the rest of the cash-strapped

Northvolt subsidiary files for bankruptcy after project pulled
Americas|Business|Economy|Finance|Stock Markets

Mexico anti-trust watchdog flags tortilla-maker Gruma on corn-flour market concentration

Tortilla-maker Gruma holds the power to fix higher prices in the corn flour market, Mexico's antitrust watchdog said in a preliminary decision on Monday,

Mexico anti-trust watchdog flags tortilla-maker Gruma on corn-flour market concentration
Economy|Finance|News|Stock Markets

Global money market funds draw large inflows in the week to Oct. 2

Global money market funds attracted large inflows in the week to Oct. 2 as investor caution ahead of a key U.S. payrolls report and heightened geopolitical tensions in the Middle East

Global money market funds draw large inflows in the week to Oct. 2
Business|Economy|Europe

Business climate in German retail clouds over, Ifo says

The business climate in the German retail sector clouded over in September, according to an Ifo survey published on Monday.

Business climate in German retail clouds over, Ifo says
Business|Economy|Europe|Finance|Technology|World

UK investment summit to feature Google, Wayve and Brookfield

The new British government's first international investment summit will feature senior executives from companies including Google, Wayve and Brookfield Asset Management, the

UK investment summit to feature Google, Wayve and Brookfield
Business|Health|Lifestyle|News|US

Yoga business founder pleads guilty to tax charge in New York City

An international yoga business founder whose chain of yoga studios promoted themselves as “Yoga to the People” has pleaded guilty to a tax charge in a New York federal court

Yoga business founder pleads guilty to tax charge in New York City
Americas|Business|Economy|Finance|Health

Novo Nordisk to invest $158 million in insulin plant in Brazil

Danish drugmaker Novo Nordisk will invest 864 million reais ($158.2 million) to revamp a plant in Brazil responsible for pumping out a quarter of its insulin production globally,

Novo Nordisk to invest $158 million in insulin plant in Brazil
Business|Economy|Finance

India's Jio Financial, BlackRock get in-principle approval to set up mutual fund business

Jio Financial and U.S.-based BlackRock got in-principle approval from India's markets regulator to act as co-sponsors and set up a mutual fund business in the country, the Mukesh

India's Jio Financial, BlackRock get in-principle approval to set up mutual fund business
Environment|News|US

Supreme Court steps into a fight over plans to store nuclear waste in rural Texas and New Mexico

The Supreme Court has agreed to step into a fight over plans to store nuclear waste at sites in rural Texas and New Mexico

Supreme Court steps into a fight over plans to store nuclear waste in rural Texas and New Mexico
Africa|Business|Economy|News

Nigeria's private sector gets boost from new orders in September

Nigerian private sector activity expanded for the second straight month in September as new orders rose, especially for chemical and pharmaceutical products, results of a central

Nigeria's private sector gets boost from new orders in September
Asia|Business|Economy|Finance|News

India September services growth hits 10-month low, PMI shows

Growth in India's dominant services sector remained robust but slackened to a 10-month low in September as demand slowed, a business survey showed on Friday

India September services growth hits 10-month low, PMI shows
Business|Finance|Technology

Cisco set to invest in CoreWeave at $23 billion valuation, Bloomberg News reports (Oct. 3)

Cisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23

Cisco set to invest in CoreWeave at $23 billion valuation, Bloomberg News reports (Oct. 3)
Business|Finance|Technology

OpenAI secures $4 billion credit line after big funding round

OpenAI has secured a new $4 billion revolving credit line, the ChatGPT maker said on Thursday, a day after it closed a $6.6 billion funding round that cemented its position as one of the

OpenAI secures $4 billion credit line after big funding round
Education|Opinion

More and more, business schools want to show they’re making a positive impact on society. But how should they measure it?

Students, professors and accrediting agencies are more interested in social impact than ever.

More and more, business schools want to show they’re making a positive impact on society. But how should they measure it?
Business|Finance|Technology|US

US funds four power grid projects with $1.5 billion

Four electricity transmission projects serving the U.S. southwest, southeast and New England will get $1.5 billion in public funding to improve the grid's

US funds four power grid projects with $1.5 billion
Business|Economy|News|US

Five things to know as the massive port strike enters its third day

Five things to know as the massive port strike enters its third day

Five things to know as the massive port strike enters its third day
Business|Economy|Europe

French services sector contracts in September as Olympic boost fades, PMI shows

France's services sector contracted in September, albeit less than initially expected, reversing strong growth seen in August driven by the Paris Olympic Games, according to a survey

French services sector contracts in September as Olympic boost fades, PMI shows
Business|Economy|News

Russian services sector growth slows in September, PMI shows

Business activity in Russia's services sector grew at a slower pace in September amid a weaker rise in demand, a business survey showed on Thursday, with firms also moderating their hiring

Russian services sector growth slows in September, PMI shows
Business|Economy|Finance|US

Dollar hits six-week high before payrolls report

The dollar rose to a six-week high on Thursday as data showed a still-solid U.S. economy before Friday's closely watched jobs report, while safe haven demand on

Dollar hits six-week high before payrolls report
Business|Economy|News|US

The president could invoke a 1947 law to try to suspend the dockworkers' strike. Here's how

Some manufacturers and retailers are urging President Joe Biden to invoke a 1947 law as a way to suspend a strike by 45,000 dockworkers that has shut down 36 U.S. ports from Maine to Texas

The president could invoke a 1947 law to try to suspend the dockworkers' strike. Here's how
Business|News|Science|Technology|US

Corrosion exceeds estimates at Michigan nuclear plant US wants to restart, regulator says

Holtec, the company wanting to reopen the Palisades nuclear reactor in Michigan, found corrosion cracking in steam generators "far exceeded" estimates, the U.S

Corrosion exceeds estimates at Michigan nuclear plant US wants to restart, regulator says
Europe|Fashion and Beauty

Fashion designer Hedi Slimane leaves LVMH's Celine

Fashion designer Hedi Slimane has left LVMH's Celine brand, the company said on Wednesday, marking the latest high-profile departure from a fashion label as the

Fashion designer Hedi Slimane leaves LVMH's Celine
Business|Economy|Finance|News|Technology

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
Environment|Health|News|Science|World

Swine fever sweeps Italy's north, threatening production of prized prosciutto and livelihoods

One of Giovanni Airoli’s sows tested positive for African swine fever in late August

Swine fever sweeps Italy's north, threatening production of prized prosciutto and livelihoods
Business|Finance|US

Dollar gains as ADP shows better-than-expected jobs gains

The dollar hit a three-week high against the euro on Wednesday after the ADP national employment report showed U.S. private payrolls increased more than expected

Dollar gains as ADP shows better-than-expected jobs gains
Business|Economy|US

Striking Boeing union asks CEO to 'truly engage' after workers' health coverage cut

Boeing's largest union urged new CEO Kelly Ortberg on Tuesday to get more involved in contract negotiations to end a strike by around 33,000 U.S.

Striking Boeing union asks CEO to 'truly engage' after workers' health coverage cut
Business|Economy|Health|US

Novo Nordisk has mitigation plans to minimize disruption from port strikes

Danish drugmaker Novo Nordisk said on Tuesday it has mitigation plans in place to minimize or prevent any disruption to its production due to sea port strikes in the United States.

Novo Nordisk has mitigation plans to minimize disruption from port strikes
Americas|Business|Economy|Finance|World

French and US companies to invest $10 billion to extract oil off Suriname's coast

Officials say that France’s TotalEnergies and U.S. hydrocarbon company APA Corp. plan to invest $10 billion to extract oil off the coast of Suriname in a historic investment for the South American country

French and US companies to invest $10 billion to extract oil off Suriname's coast
Business|Economy|Finance|Health|Stock Markets|US

CVS Health to lay off nearly 2,900 employees in cost-cutting push

CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1% of its workforce, as the healthcare conglomerate aims to cut costs.

CVS Health to lay off nearly 2,900 employees in cost-cutting push
Business|Finance|Stock Markets|US

Boeing considers raising at least $10 billion in share sale, Bloomberg News reports

Boeing is considering raising at least $10 billion by selling new stock, Bloomberg News reported on Tuesday, citing people familiar with the discussions.

Boeing considers raising at least $10 billion in share sale, Bloomberg News reports
Africa|Business|Economy

Absa PMI shows South African factory activity grows in September

South African manufacturing activity increased in September, recovering from the previous month's slump as demand rose and an interest rate cut boosted sentiment, the Absa-

Absa PMI shows South African factory activity grows in September
Business|Economy|Europe

German manufacturing sector contracts at fastest rate in a year, PMI shows

Germany's manufacturing sector contracted at its fastest pace in a year in September, driven by sharp declines in output, new orders, and employment, a survey showed on Tuesday.

German manufacturing sector contracts at fastest rate in a year, PMI shows
Economy

Japan's central bank survey underpins optimism about growth

Business sentiment among Japan’s large manufacturers stood unchanged in the latest quarter from the previous quarter, according to a closely watched survey called “tankan.”

Japan's central bank survey underpins optimism about growth
Business|Finance|Technology

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

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

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

Brazilian planemaker Embraer targets defense jet sales in Mexico visit

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

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

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

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

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

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

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

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

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

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

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

Argentina's Milei plans to privatize state airline by decree

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Slow Airbus deliveries raise fresh questions over annual target

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

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

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

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

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

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

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

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

Sanctioned Russian billionaire Guryev defeats London lawsuit over Phosagro stake

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

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

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

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

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

H&M abandons 2024 margin target as costs hurt profit

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

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

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

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

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

US Senate votes to hold Steward Health CEO in criminal contempt

The U.S.

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

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

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

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

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

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

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

US urges freight railroads to guarantee paid sick leave for all

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Japan's Sept factory activity slips, PMI shows

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

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

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

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

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

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

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

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

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

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

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

Euro zone business activity unexpectedly contracts in September, PMI shows

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

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

SAIC Volkswagen says adjusting plant base "necessary"

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

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

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

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

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

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

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

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

Tech giants push to dilute Europe's AI Act

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

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

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

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

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

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

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

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

Nike names Elliott Hill as CEO, replacing John Donahoe

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

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

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

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

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

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

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

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

Hershey Co lays off some workers this week

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

Hershey Co lays off some workers this week
Business

Nike is making a major shakeup

Nike is making a major shakeup

Nike is making a major shakeup
Business|News|Technology

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

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

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

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

While former U.S.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

China chip stocks surge on government equipment list

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

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

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

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

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

JPMorgan CEO Jamie Dimon to visit Africa in growth push

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

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

Global defensive sector funds see surge in inflows on slowdown fears

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

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

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

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

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

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

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

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

Intel shares jump on chip deal with Amazon

Intel shares jump on chip deal with Amazon

Intel shares jump on chip deal with Amazon
Business|News

Starbucks North America head retires after five months in the role

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

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

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

By Max A.

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

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

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

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

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

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

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

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

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

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

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

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

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

UK firms fear tougher employment regulation, CBI says

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The U.S.

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

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

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

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

Weekly rebound in reach, China data deluge looms

A look at the day ahead in Asian markets.

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

A strike would add to turbulent times at Boeing

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

US dollar mixed after inflation report supports smaller Fed rate cut

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

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

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

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

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

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

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

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

Starbucks' new CEO wants to recapture the coffeehouse vibe

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

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

Why does Apple have to pay Ireland $14.4 billion?

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

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

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

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

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

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

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

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

China slams US bill targeting biotech firms as 'discriminatory'

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

VW boss says European market shrinking amid tougher competition

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

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

Pakistan renegotiating power deals to cut costs, minister says

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

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

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

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

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

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

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

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

Canada's Ivey PMI shows activity contracting in August

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

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

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

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

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

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

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

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

OPEC+ extends oil output cuts again through November

OPEC+ extends oil output cuts again through November

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

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

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

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

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

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

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

Dollar stores are struggling. Blame Walmart

Dollar stores are struggling. Blame Walmart

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

Logitech founder fails in attempt to oust chairperson

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

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

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

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

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

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

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

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

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

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

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

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

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

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

South Africa business activity rises in August, PMI shows

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Canadian factory PMI rises to five-month high in August

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

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

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

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

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

Brazil's HBR Realty files eviction action against WeWork

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

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

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

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

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

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

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

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

UK factories report strongest month since 2022, PMI shows

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

By Max A.

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

New Boeing CEO holds first meeting with FAA chief

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

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

Uber CEO says growth in South Korea promising despite underdog status

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

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

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

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

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

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

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

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

Texas is sued over anti-ESG law

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

Texas is sued over anti-ESG law
Business|Technology

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

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

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

Chinese regional banks investment revenues surge even as lending falters

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

Chinese regional banks investment revenues surge even as lending falters
Business

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

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

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

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

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

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