BUSINESS

Volkswagen Profit Plunges On High Costs, Chinese Slump

Volkswagen is planning an unprecedented restructuring that could include thousands of job cuts
The German car giant -- whose 10 brands range from its core VW models to Seat, Skoda and Porsche -- has been hit hard by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.

Trump, Harris In Frantic Campaign Push As US Election Nears

Trump held a rally Tuesday evening in Allentown, Pennsylvania, delivering his signature aggressive rhetoric
Donald Trump and Kamala Harris launch a frantic tour of swing states Wednesday in the final week of the campaign for the US presidency, a day after the vice president told a huge crowd outside the White House that her rival was unstable and itching for unbridled power.
Prime Minister Shigeru Ishiba has promised more support for households, to accelerate wage increases and help revitalise rural areas, but some opposition parties want more

Worries For Japan Economy After Election Shock

Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's exit from its outlier monetary policy, economists said.
More news
Tech giant Google reported robust third-quarter results, but worries persist about whether it is losing ground in the AI race

Google Reports Strong Growth Driven By AI, Cloud

Google's parent company Alphabet reported robust third-quarter results on Tuesday, with revenue climbing 15 percent year-over-year to $88.3 billion, powered by strong performance from its crucial advertising business and growth in cloud services.
Prime Ministers Dbeibah and Meloni at the 30th Libyan-Italian Business Forum in Tripoli

Libya And Italy Sign Slew Of Cooperation Deals

Libya and Italy signed several agreements on Tuesday covering sectors including development, investments and infrastructure, aiming to boost cooperation between the two Mediterranean states.
US Vice President and Democratic presidential nominee Kamala Harris will give her closing election arguments in a speech in front of the White House

Harris To Rally Where Trump Riled Capitol Riot Crowd

Kamala Harris will urge Americans to turn the page on Donald Trump as she delivers her closing election argument Tuesday on the spot where her rival rallied supporters before the January 6, 2021 US Capitol attack.
Novartis raised its 2024 earnings guidance for the third time this year

'Pure-play' Novartis Raises 2024 Financial Targets

A year after spinning off its generics business to become a "pure-player" developer of innovative medicines, Novartis registered a 15 percent increase in its core net profit to $4.1 billion during the July-September period, from the same quarter last year.
BP's third quarter performance was hit by lower oil prices and refining margins

Oil Giant BP Reports Drop In Third-quarter Net Profit

The group earlier this month flagged to markets that its latest earnings would take a sizeable hit after oil prices have fallen on concerns over Chinese demand and the prospect of higher crude production in 2025.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.