Danish shipping giant Maersk said Friday it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates.
Jeering Qantas shareholders voted down a pay package for the company's top brass Friday, as the outgoing chairman apologised for a public "loss of trust" in Australia's much-loved carrier.
Myanmar's junta chief vowed Friday to strike back after an alliance of ethnic minority groups seized towns and blocked trade routes to China in the biggest coordinated offensive against the military since it seized power in a coup.
From fabricated images of Donald Trump's arrest to a video depicting a dystopian future under Joe Biden, the 2024 White House race faces a firehose of tech-enabled disinformation in what is widely billed as America's first AI election.
Equities extended a global rally Friday as investors were caught up in a wave of optimism that the Federal Reserve has finished its cycle of interest rate hikes, with eyes now on the release of US jobs data.
Former crypto tycoon Sam Bankman-Fried was found guilty Thursday by a New York jury on all seven counts of fraud, embezzlement and criminal conspiracy.
Apple on Thursday reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and services.
Apple on Thursday reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and services.
Sales of the Mac fell more than 30% and missed analysts' estimates.
Jurors began deliberations in the trial of Sam Bankman Fried, the one time cryptocurrency golden boy who is accused of massive fraud by stealing customer money as he built his empire.
Uber and Lyft will pay $328 million to settle a New York probe alleging that the companies "cheated" drivers, in an accord that also establishes paid sick leave, state officials announced Thursday.
YouTube on Thursday said it tweaked its recommendation system in the United States to prevent teens from bingeing on videos idealizing certain body types.
NRF says in its survey that consumers will be looking for deals and discounts.
US Secretary of State Antony Blinken heads Thursday on his second crisis trip to the Middle East as he renews support for Israel but also seeks subtly to encourage the US ally to limit civilian deaths that have outraged much of the world.
Both hotel chains increased the number of rooms available to book and described demand as "robust."
The increase may indicate that the labor market in the U.S. is softening.
The Bank of England on Thursday held its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats.
The company opened more than 800 stores in the last quarter, increasing traffic and sales.
UK Prime Minister Rishi Sunak on Thursday hosts political and tech leaders at the inaugural global AI safety summit, predicting the technology will radically alter society for generations to come.
Danish drugmaker Novo Nordisk reported Thursday a sharp rise in third quarter sales and profits driven by the success of its anti-diabetes and anti-obesity treatments Ozempic and Wegovy.
British energy giant Shell on Thursday said net profit rose 4.5 percent to $7 billion in the third quarter from a year earlier, as it benefits from high oil prices.
Flags flew at half-mast in Beijing on Thursday as China prepared for the funeral of its late ex-premier Li Keqiang, a reform-minded bureaucrat who was once tipped as the country's future leader but was eclipsed by the rise of Xi Jinping.
Uruguay's foreign minister resigned abruptly Wednesday, after the release of recordings in which he allegedly seeks to cover up information involving Sebastian Marset, an accused cocaine trafficker and subject of an international manhunt.
Stocks and oil prices rose while the dollar weakened Thursday as a much-needed burst of confidence flows across world markets after the Federal Reserve hinted it has come to the end of its long-running interest rate hiking cycle.
The Bank of England was expected Thursday to keep its interest rate on hold for a second successive meeting, as Britain battles stubbornly high inflation and weak economic growth.
Embattled flexible workspace provider WeWork is in "selective default" after failing to meet conditions set by debt holders, ratings agency S&P said Wednesday.
Flags flew at half-mast in Beijing on Thursday as China prepared for the funeral of late ex-premier Li Keqiang, a reform-minded bureaucrat who was once tipped as the country's future leader but was eclipsed by Xi Jinping.
The Walt Disney Company on Wednesday announced it will buy Comcast's $8.6 billion stake in Hulu, completing its takeover of the streaming service.
The company said the economy and geopolitics may impact travel in the fourth quarter.
The key U.S. rate stays at the highest level in more than 20 years.
