BUSINESS

Siemens Profits Soar On Software Demand, AI 'Boom'

Siemens CEO Roland Busch said the German group was 'benefiting from the boom in artificial intelligence'
Siemens, whose sprawling global business runs from making trains and factory equipment to systems that manage data centers, said its software business performed strongly, winning a series of major contracts.
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Democratic presidential candidate Kamala Harris and her running mate Tim Walz held the biggest Democratic event of the election so far in Pennsylvania

Harris Heads Out On Blitz Through US Swing States

Kamala Harris took her breakneck presidential campaign on a tour of US election battlegrounds Wednesday as she seeks to woo a coalition of Democrats, independents and disaffected Republicans to power her to the White House.
Glencore has a 'managed decline' strategy to phase out its coal mines

Swiss Mining Giant Glencore Drops Plan To Exit Coal

Swiss commodities giant Glencore announced Wednesday that it had decided against spinning off its coal business for now after consulting shareholders who view the polluting fossil fuel as a cash-generating activity.
Elon Musk's X filed an antitrust lawsuit against an advertising group accusing it of engaging in an 'illegal boycott'

Elon Musk's X Sues Advertisers Over Boycott

Elon Musk's X sued an advertising group and several large corporations on Tuesday accusing them of causing billions of dollars of losses by "illegally" boycotting the social media platform.
Keir Starmer's spokesperson said there was 'no justification' for Elon Musk's comment

Musk, UK Govt Spar Over Far-right Riots

As far-right riots grip England, provocative tech billionaire Elon Musk is posting sympathy for the anti-immigration demonstrators, angering the UK government, which blames social media companies for fuelling the unrest.

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