BUSINESS

Disney has abandoned its metaverse dreams as the company looks to restructure to streamline its businesses at the cost of 7,000 workers.

The rapper was named hip-hop's first billionaire in 2019.

South Korean authorities have alleged in the past that Daniel Shin earned approximately $105 million in profits from illegal sales of LUNA before its fateful implosion.

"They basically held him for approximately three days, drove him around different parts of Southern Ontario, beat him, tortured him, allowed him to make specific phone calls to specific people only," Aiden Pleterski's father said.

Warren Buffett's Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 million additional shares.

A U.S. banking regulator is investigating potential misconduct on the part of executives and others involved in the failures of Silicon Valley Bank and Signature Bank.

After the collapse of two U.S. banks and record outflows from smaller lenders, the banking industry is shifting its concern from an immediate crisis to a medium-term worry: economic growth.

Biden's order was not a full ban on commercial spyware, but would apply to any program deemed a US security risk, or that is used for political abuse by other governments.

Inflation has changed McDonald's image, turning it into a popular dining place for the young, middle and older generations.

SVB, a key lender to the tech industry since the 1980s, became the biggest US bank to fail since 2008.

The government released arrest warrants for 11 other individuals supposedly involved in the said oil scheme.

The product was shipped to nine states including Pennsylvania and New York.

The IMF managing director said she expected 2023 "to be another challenging year," with global growth slowing to below 3%.

Investors are settling in for a long slog in the U.S. stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal Reserve's tightening will ripple through the economy.

A landmark deal to prohibit new sales of fossil fuel cars from 2035 is key to the bloc's ambitious plan to become a "climate-neutral" economy by 2050, with net-zero greenhouse gas emissions.

Founded in 1870, the bank for many years was a major financial backer for top German corporations as they expanded overseas.

French retailer Leroy Merlin says to quit Russia

Shares of Twitter co-founder Jack Dorsey's Block Inc fell 4% in morning trading on Friday, a day after the payments firm's Cash App business became the latest target of U.S. short seller Hindenburg Research.

The UK's Competition and Markets Authority (CMA) had stated in provisional findings last month that the deal could hurt competition in cloud gaming and gaming consoles.

The company holds concessions in a number of productive fields, as well as rights over oil extracted there and a share in a pipeline transporting crude to neighbouring Cameroon for export via the port of Kribi.

The response of U.S. regulators to recent bank stress was strong and fast enough to contain the damage and let Federal Reserve interest rate policy continue to focus on lowering inflation, St.

British foreign minister James Cleverly and EU Commission vice-president Maros Sefcovic signed off the "Windsor Framework" at a joint committee meeting in London.

Service workers, who are part of the Service Trades Council Union (STCU) coalition, will vote on the contract proposal on March 29.

Tom Brady has found a new horizon to hopefully conquer after his NFL career.

Ford Motor Co plans to build up to 500,000 electric trucks a year at its BlueOval City complex under construction in western Tennessee, the automaker said on Friday.

Accenture said it will spend $1.2 billion in severance and other personnel costs over the next 18 months and another $300 million to consolidate its office space.

If Kwon is extradited to New York, he will be facing prosecution by the same office handling a criminal case against Sam Bankman-Fried, the co-founder and former CEO of FTX.

FTC has proposed a rule to help consumers ditch subscriptions.

Oil prices fell Friday, extending the previous day's losses, on worries about potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum Reserve may take several years.