Latest Business News & Archive

A satellite photo shows the USNS Roy P Benavidez ship and sections of a floating pier under construction off Gaza to assist aid efforts

Doubts Grow Over Gaza Truce Plan

Doubts grew on Thursday over the fate of a Gaza truce plan that, as the week began, had raised hopes of an end to nearly seven months of war between Israel and Palestinian Hamas militants.

Maersk's Net Profit Sinks Amid Red Sea Attacks

Given Huthi attacks in the Red Sea, Maersk and other shipping groups have sent their fleets around the Cape of Good Hope, incurring additional costs

Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as Yemeni rebel attacks force it to avoid the vital Red Sea route.

Weight-loss Drug Maker Novo Nordisk's Profits Soar Further

Novo Nordisk CEO Lars Fruergaard Joergensen

The drugmaker increased its market share of the diabetic treatment market by 1.8 percentage points and now has a 34-percent share of the market.

BIWC Group: Unveiling the Shadows of corporate deception

In the cutthroat world of business, trust can often be elusive, and it can take a team of skilled professionals to expose deception and protect the innocent. This is where BIWC Group enters the stage; a business intelligence agency led by ex-Israeli special forces with a global network of contacts and an almost endless outreach.

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Benito Teteye (R) said there were 'five old men' left of his community by the time the rubber industrialists left

Colombian School, A Grim Reminder Of Atrocities Of Rubber Fever

A modest wooden school in the middle of the Colombian Amazon preserves the memory of atrocities perpetrated against Indigenous people by rubber industrialists more than a century ago.

Ukrainian sentenced to 13 years in US prison for role in REvil ransomware attacks

13 Years In US Prison For Ukrainian REvil Hacker

A Ukrainian man was sentenced to more than 13 years in prison in Texas on Wednesday for his role in ransomware attacks by the notorious Russia-based REvil hacking group, the US Justice Department said.

Remembrance: People visit the grave of Ayrton Senna in Sao Paulo

Thirty Years On, Brazil Pays Tribute To Late F1 Hero Senna

Thirty years to the day since his death following a crash that sent shockwaves around the world, Brazilians paid homage Wednesday to Formula One superstar Ayrton Senna -- a beloved symbol of national pride comparable only to compatriot Pele.

US private companies added 192,000 jobs in April, according to payroll firm ADP. This was down slightly from March but more than analysts expected.

US Private Sector Job Growth Higher Than Expected: ADP

Hiring in the US private sector cooled in April but job growth was still higher than anticipated, boosted by the services sector, payroll firm ADP said Wednesday.

Manahel al-Otaibi was arrested in November 2022.

Tweets Or 'Terrorism'?: Saudi's Jailed Online Activists

A Saudi court's decision to sentence fitness influencer Manahel al-Otaibi to 11 years in prison highlights what activists describe as a fierce crackdown on even vaguely critical online speech.

Pfizer is steering investment to oncology and other drug areas to offset diminished sales in Covid-19 products

Pfizer Profits Drop On Lower Covid-19 Product Sales

Pfizer reported a drop in profits on lower sales of Covid-19 related profits Wednesday as it steers investments to other pharmaceutical areas and implements previously announced cost cuts.

Arrivals from mainland China enter Hong Kong via the Lo Wu border control point on Wednesday

Hong Kong Faces Uphill Battle To Lure Back Chinese Tourists

The Lo Wu arrival hall on Hong Kong's border used to throng with visitors during mainland China's "Golden Week", but as the five-day tourism bonanza kicked off on Wednesday, the queues there were modest.

Istanbul's Taksim Square is fenced off to prevent May Day rallies

Istanbul Police Clash With May Day Protesters

Turkish police on Wednesday fired tear gas and rubber bullets and detained dozens of protesters after authorities banned May 1 rallies at Istanbul's historic Taksim Square.

Red Bull chief technical officer Adrian Newey is to leave the Formula One team in 2025

Red Bull Confirm Design Chief Newey To Leave F1 Team In 2025

Red Bull confirmed on Wednesday that celebrated chief technical officer Adrian Newey will leave the Formula One team in early 2025 after 19 years.

How AI Changes The Banking Industry

AI will redefine traditional banking, making it more efficient, secure, and innovative. AI-driven chatbots and virtual assistants will streamline the front office, personalize customer service, and improve banks' top and bottom lines, experts said.

US Secretary of State Antony Blinken meets Israeli President Isaac Herzog in Tel Aviv

Blinken Urges Hamas To Agree Gaza Truce As He Meets Israel Leaders

Top US diplomat Antony Blinken urged Hamas to accept a truce in the Gaza Strip on Wednesday, after Israeli Prime Minister Benjamin Netanyahu vowed to send troops into its far southern city of Rafah.

Former US President Donald Trump, with attorney Todd Blanche (L), walks toward the press to speak after attending his criminal trial for alleged business record fraud

Donald Trump Gets $1.8 Billion Worth Of 'Earnout' Shares In Trump Media Group

Donald Trump has received an additional $1.8 billion worth of stock in Trump Media & Technology Group, the parent company of Truth Social, as part of a bonus referred to as "earnout" shares.

The US Federal Reserve is widely expected to hold interest rates between 5.25 percent and 5.50 percent at the end of its policy meeting

US Fed Likely To Keep Rates Steady As Hopes Of Early Cuts Fade

The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday, with a summer start to cuts looking less likely owing to stubborn inflation.

Many tourists are taking advantage of the weak yen to splurge out on shopping and dining

Weak Yen Boosts Tourist Wallets In Japan

Foreign tourists are flocking to Japan in record numbers and thanks to a sliding yen many are living like kings, splashing out on everything from kimonos to knives and slap-up meals.

Starbucks reported weaker than expected profits, pointing to lackluster conditions in China and consumer caution in the United States

Starbucks Points To Weaker Consumer As Profit Falls

Starbucks reported lower profits on falling sales on Tuesday as the coffee giant pointed to weakening consumer sentiment and lackluster conditions in China as factors behind an earnings miss.

NYPD officers in riot gear break into a building at Columbia University, where pro-Palestinian students are barricaded inside a building and have set up an encampment, in New York City

Minouche Shafik: From Renowned Economist To Embattled Columbia President

An esteemed economist, Minouche Shafik was thrilled to become president of one of America's most prestigious colleges.

Traders are keenly awaiting the Federal Reserve's policy decision and boss Jerome Powell's comments on the outlook

Asian Markets Track Wall St Down Ahead Of Fed Decision

Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal Reserve will cut interest rates this year.

An eruption from Mount Ruang volcano is seen from neighbouring Tagulandang island

Indonesia Volcano Eruption Shuts More Airports, Ash Reaches Malaysia

Eruptions at a remote Indonesian volcano forced more than half a dozen airports to close with ash spreading as far as Malaysia, officials said Wednesday, while authorities rushed to evacuate thousands due to tsunami fears.