Latest Business News & Archive

Tridog, a member of Own the Doge, wears a Doge mask as he poses for photos during an interview in Los Angeles

Rescue Pup To Meme Star: The Real-life 'Dogecoin' Dog

Her fluffy face now frail, Kabosu still flashes the enigmatic smile that made her the go-to meme dog for millennials and inspired a $23 billion cryptocurrency beloved by Elon Musk.

ByteDance Says 'No Plans' To Sell TikTok After US Ban Law

A new US law requires TikTok to sever all ties with its Chinese parent ByteDance or face a ban in the United States

Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States.

American Airlines Confirms 2024 Forecast Despite Q1 Loss

American Airlines cited recovering business travel as a supportive factor as it confirmed its full-year profit forecast

American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast.

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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Microsoft CEO Satya Nadella says Microsoft is going to make investments it needs to remain a leader in cloud computing and artificial intelligence

Microsoft, Google Earnings Shine As AI Drives Revenue

Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live.

Google and Alphabet Inc. CEO Sundar Pichai says the company is well positioned for the artificial intelligence era with the technology woven into its platform and services

Google Parent Alphabet's Q1 Profits Beat Estimates: Company

Google's parent Alphabet on Thursday trounced revenue and profit expectations for the first quarter of this year, causing shares to leap more than 12 percent.

The Tenke Fungurume mine, one of the largest sources of copper and cobalt in the world, in southeastern Democratic Republic of Congo

DR Congo Accuses Apple Of Using 'Blood Minerals' From War-torn East

The government of the Democratic Republic of Congo is accusing Apple of using "illegally exploited" minerals extracted from the country's embattled east in its products, lawyers representing the African country said Thursday.

Honda's new Canadian factory will have a production capacity of 240,000 electric vehicles per year and a batteries output of 36 GWh per year

Honda Announces US$11 Bn EV Battery And Vehicle Plant In Canada

Japanese auto giant Honda announced Thursday the largest automotive investment in Canada's history, worth Can$15 billion (US$11 billion), for a massive new EV battery and vehicle assembly plant.

Putin Says Plans To Visit China In May

Russian President Vladimir Putin said Thursday he plans to visit China in May, his first planned trip abroad since re-election as Moscow seeks deeper ties with Beijing.

Weinstein, 72, was convicted in February 2020 of rape and sexual assault by a court in New York, and later sentenced to 23 years in prison

New York Court Overturns Harvey Weinstein Sex Crime Conviction

New York's highest court on Thursday overturned disgraced Hollywood producer Harvey Weinstein's 2020 conviction on sex crime charges, a shock reversal in the landmark case that launched the #MeToo movement.

Nestle sales reached $24.2 billion in the first quarter

Nestle Sales Slump On Weak North America Demand For Frozen Food

Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America.

French holidaymakers were particularly hard hit

Thousands Of Flights Scrapped As French Air Traffic Controllers Strike

Thousands of flights were cancelled in France and Europe on Thursday as a strike by French air traffic controllers over pay caused stoppages not seen in decades.

Turkey's central bank holds its key interest rate steady at 50 percent

Turkey Central Bank Holds Key Interest Rate Steady

Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government.

In contrast to much of the EV industry, Chinese automaker NIO focuses on battery-swap technology rather than recharging individual vehicles

Five Things We Learned At The China Auto Show

One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.

US lawmakers have approved billions of dollars to support the onshoring of semiconductor production

US To Give Micron $6.1 Bn For American Chip Factories

Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday.

Min Hee-jin, famed superproducer and chief of ADOR, a powerhouse subsidiary of HYBE, attends a news conference denying breach of trust accusations

BTS Agency To File Complaint Against Subsidiary Head Over Breach Of Trust

The South Korean agency behind K-pop sensation BTS said Thursday it will file a legal complaint against its powerhouse subsidiary's head for allegedly orchestrating a plan to break away from the parent company.

NGOs allege the loan is financing the Suralaya coal plant, which is being expanded to ten units

NGOs Accuse ADB Of Funding Indonesia Coal Plants Despite Clean Energy Promises

Green NGOs have accused the Asian Development Bank of indirectly financing coal plants in Indonesia through a $600 million loan despite promises to no longer fund projects tied to the fossil fuel, according to a new report.

Australian mining giant BHP in takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector

BHP Launches $38.8 Billion Takeover Bid For Rival Anglo American

Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector.

'My country is the best!' a sign above the North Korean town of Chunggang reads

North Koreans In China Vanish As Border Reopens

After fleeing famine in North Korea, Kim Cheol Ok laid low in China for decades -- until a doomed run for freedom got her sent back to her repressive homeland, her family says.

Ford results were boosted by strong fleet sales that offset weakness in electric autos

Strong Fleet Sales Offset Electric Losses At Ford

Strong sales in Ford's fleet business offset deep losses in electric vehicles where the Detroit auto giant has delayed some investments, according to results released Wednesday.

Traders are keeping tabs on Tokyo after the yen hit a fresh 34-year low against the dollar

Asian Markets Mixed As Global Rally Stalls, Eyes On Yen

Asian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far.

Blinken watched a nail-biting play-off match between the Shanghai Sharks and Zhejiang Golden Bulls

Blinken Calls For US, China To Manage Differences On Charm Offensive

US Secretary of State Antony Blinken called Thursday on the United States and China to manage their differences "responsibly" as he went on a charm offensive ahead of expected tough talks.