Result Page 177 for Latest Business News & Archive

German chemicals manufacturer Allnex is closing its 90-year-old site in Hamburg as the sector faces a squeeze from higher energy prices

Germany's Pivotal Chemicals Industry Gripped By Crisis

Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30 years until he retired.

British Airways Parent IAG Flies Back To Profit

IAG, the owner of British Airways, Iberia and other airlines, posted a net profit of $1 billion in the first half

IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company costs and ticket prices.

Ethiopian Airlines Facing 'Real Challenges' Despite Covid Success

Ethiopian Airlines boss Mesfin Tasew says the Covid pandemic bequeathed the airline sector with supply-chain problems and a burst of inflation

Ethiopian Airlines successfully weathered the Covid pandemic by shifting its strategy, but Africa's only profitable carrier still faces "real challenges" in sourcing parts and staying competitive at a time of inflation, its CEO told AFP. The 2022-2023 financial year ending June 30 "was a very successful year," Mesfin Tasew said in an interview in Ethiopia's capital Addis Ababa.

The first World Meeting to celebrate the classic French car was held in 1975

2CV Classic Car Meet Gets Show On The Road

Around 5,000 Citroen 2CVs from across the globe are tootling into the Swiss countryside this week for a mass gathering celebrating the instantly recognisable French classic car.

More news

Ford raised its 2023 forecast for its overall business but sees a deeper loss from electric vehicles

Ford Raises 2023 Profit Outlook But Sees Bigger EV Loss

Ford lifted its full-year forecast Thursday after quarterly earnings nearly tripled on strong vehicle pricing in conventional autos that offset losses in electric vehicles (EV).

Should the outcome of the EU investigation go against Microsoft, the firm could face a heavy fine or other ordered remedies

EU Opens Antitrust Probe Into Microsoft Over Teams

The European Commission on Thursday announced an antitrust probe into Microsoft bundling its Teams communications app with its popular Office suite, on concerns the firm could be cutting out competitors.

Meta, whose corporate offices in Menlo Park, California, are seen here, welcomed the research

Facebook's Algorithm Doesn't Alter People's Beliefs: Research

Do social media echo chambers deepen political polarization, or simply reflect existing social divisions?

Analysts are divided over what the Fed under Chair Jerome Powell might do next

US Fed's Inflation Fight Enters New Phase

The US Federal Reserve's united front against inflation could be harder to hold together going into the next hike in September, with strong economic data and falling inflation figures fueling disagreement over the best path forward.

Illustration shows word "Crypto" and stock graph

Promising Crypto Projects To Follow In The Current Market Surge

Projects are attracting increased attention in the current bullish market era, and investors are actively entering the space. However, amid this surge, projects with exceptional utilities hold a unique advantage, as they gain double the trust and confidence of investors during such favorable seasons.

Coutts is a 331-year-old institution whose client list has included the late Queen Elizabeth II

Farage Row Takes Down Another Top Exec At UK Bank Group

The head of NatWest's private banking arm Coutts resigned on Thursday, the second top executive to quit the group following a row over the closure of the account of arch-Brexiteer Nigel Farage.

Burrito Price Hikes Are Cooling Off Chipotle's Growth

An aggressive pricing strategy that helped Chipotle Mexican Grill shift the cost of inflation to its customers last year is beginning to cool off the company's robust growth.

Turkey's new central bank chief Hafize Gaye Erkan, a former Wall Street executive, is unwinding President Recep Tayyip Erdogan's interest-rate policy

Turkish Central Bank Doubles Inflation Forecast

Turkey's central bank more than doubled its year-end inflation forecast to 58 percent on Thursday as its new Wall Street-trained governor vowed to keep raising interest rates after years of controversial policies.

Suppliers face big costs as sewing clothes in factories requires more energy than that used by retail stores at the end of the supply chain

India's Draw As Alternative Global Supply Hub Increasing, But Many Challenges Remain

As one of the world's fastest-growing economies, India offers a trainable and low-cost workforce, a wide array of consumers, and impressive receptiveness to trade and investment in the South Asian neighborhood.

has faced Volkswagen has faced increased competition in China, particularly in the booming electric car market

Volkswagen Profits Dip As It Struggles In China

Volkswagen said Thursday its profits slipped in the second quarter as it battles to regain ground in China, the German auto giant's most important market.

Norwegian climber Kristin Harila during an interview with AFP in May, 2023

Norwegian Woman, Nepali Guide Set Record For Summit Of 14 'Super Peaks'

A Norwegian woman and her Nepali guide set the record Thursday for the fastest summit of all 14 of the world's 8,000-metre (26,000-feet) mountains, their team said in a statement.

'It's hard to live in a society that absolutely despises everything about you,' says Elizaveta Vereykina, now a video journalist for Barents Observer

In The Arctic, Russians Keep The Free Press Flame Alive

Exiled to a place far above the Arctic Circle, a group of Russian journalists are working with Norwegians to break through the strict state controls that have gripped the media in their homeland.

The ECB began lifting borrowing costs in July last year to combat soaring costs

ECB To Mark Year Of Hikes With Inflation Still High

European Central Bank policymakers looked set to deliver another interest rate increase on Thursday as their fight against eurozone inflation reaches the one-year mark with consumer prices still rising fast.

Traders are now awaiting the European Central Bank's meeting, where it is expected to hike rates

Asian Markets Rally As Traders Bet On End To Fed Rate Hikes

Equity markets rose Thursday on hopes that the Federal Reserve's latest interest rate hike will be its last as data indicates inflation is being brought under control and the US economy appears set to avert a recession.

The Fed is widely expected to raise interest rates by 25 basis points -- chief Jerome Powell will address reporters after the decision is released

Powell: Fed Is No Longer Forecasting US Recession

The Federal Reserve is no longer forecasting a recession for the U.S. economy, according to Fed Chair Jerome Powell.The FMOC increased the benchmark lending rate by a quarter percentile on Wednesday in an effort to keep inflation on a downward trend.

Meta chief Mark Zuckerberg says he is seeing strong engagement across the tech firm's apps, including its freshly launched Threads that challenges the social media platform formerly known as Twitter

Meta Earnings Beat Market Expectations As Ads Revive

Facebook parent Meta on Wednesday beat market expectations for quarterly earnings powered by a reviving digital ad business.

World map showing areas of seabed mining exploration licenses issued by the International Seabed Authority

International Seabed Authority Delays Deep-sea Mining Regulations

The International Seabed Authority has delayed the release of regulations for deep-sea mining until 2025. Deep-sea mining may be the future of raw material gathering.

Airbus and Boeing are racing to boost production rates to meet a surge in orders from airlines

Airbus And Boeing Race To Boost Aircraft Production

Airbus and Boeing both stepped up deliveries of commercial aircraft in the first half of this year, boosting revenue as they strive to ramp up production to meet demand from airlines.

Sales rose by seven percent in North America, Stellantis' most profitable market

Jeep Owner Stellantis Posts Record Profit On Higher Prices

US-European auto giant Stellantis, whose brands include Jeep, Fiat and Peugeot, reported Wednesday a record net profit in the first six months of the year, boosted by higher prices for its vehicles.

Boeing reported a quarterly loss but lifted production rates on key commercial plane models

Boeing Shares Rise Despite Q2 Loss As It Boosts Plane Production

Boeing reported a $149 million second-quarter loss Wednesday following delays and cost issues in its defense and space program, but shares rallied on increased commercial jet deliveries.

With parliament entering its summer recess, the next piece of the legal overhaul is not expected to hit the chamber floor for months

What's Next For Israel's Divisive Judicial Reforms?

Mass protests and strikes rocked Israel this week in the face of the hard-right government's decision to push through a controversial legal reform weakening the powers of the Supreme Court.

Swiss-based Proton offers free access to a basic version its virtual private network service, making it a popular option to escape controls over internet access in certain countries

Proton Using VPN Sign-ups To Spot Attacks On Democracy

Internet privacy company Proton announced Wednesday a new VPN Observatory, tracking demand for its services to detect attacks on free speech in countries like Russia and Iran before they hit the headlines.

All eyes are now on the Federal Reserve's policy decision later in the day

Stocks, Dollar Retreat Before Fed Rate Decision

Major stock markets mostly retreated Wednesday as a China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more US rate hikes before the end of the year.

India's Startup World Worries Crisis At One-time Edutech Unicorn Byju's Will Impact Fund Flow

"The Byju's crisis does impact India's image as an investment destination so the Indian Government and StartUp ecosystem needs to take strong measures to make sure that it does not occur again, for this there need to be strong checks and balances at key institutional bodies like the MCA (RoC)," StartUp Consulting India founder Vivek Bhojwani told International Business Times.

The Koh-i-Noor seen on the Queen Mother's Crown during the 2002 funeral of the Queen mother

Crown Jewel Carries Weight Of UK's Colonial Past

The star of Britain's crown jewels, the Koh-i-Noor diamond, is back on view after a notable absence from Charles III's coronation that highlighted the nation's awkward ties with its colonial past.

NatWest CEO Alison Rose has admitting making 'an error of judgment' in discussing Nigel Farage's relationship with the bank

UK Bank NatWest CEO Resigns After Farage 'Error'

The chief executive of Britain's NatWest bank, Alison Rose, stepped down Wednesday after admitting a "serious error of judgment" in speaking to a reporter about the banking affairs of arch-Brexiteer Nigel Farage.

The Fremantle Highway is currently close to Ameland, one of four ecologically sensitive Frisian islands

One Dead, Several Injured In Ship Fire Off Netherlands

One sailor died and several others were injured after a fire broke out on a car carrier ship off the Netherlands on Wednesday, the Dutch coastguard said.

Fed officials have indicated they see additional hikes this year

US Federal Reserve Lifts Interest Rates To 22-year High

The US Federal Reserve announced a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months.

Russian Defence Minister Sergei Shoigu (front, L) arrives at Pyongyang International Airport on Tuesday

North Korea Gives Russian Defence Ministry Delegation 'Warm Welcome'

North Korea rolled out the red carpet for the Russian defence minister, state media said Wednesday, with delegations from Moscow and Beijing set to attend Korean War anniversary events, the country's first known foreign visitors since its pandemic border closure.

Having established itself as a business and luxury hot spot, Dubai is now also attracting some of the world's leading culinary names

Glitzy Dubai Hungry For Culinary Fame

French chef Renaud Dutel never thought his career would take him to the United Arab Emirates' glam hub of Dubai, but has found there a culinary capital in the making.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Get Listed

BUSINESS

Pages