Latest Business News & Archive

Toyota said it aims to start production at its new Shanghai electric vehicle plant after 2027

Toyota Announces Lexus EV Plant In Shanghai

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.

Google Pledge Against Using AI For Weapons Vanishes

Google's original principles when it came to developing artificial intelligence were not to use it for weapons or surveillance that could infringe on people's rights

Google on Tuesday updated its principles when it comes to artificial intelligence, removing vows not to use the technology for weapons or surveillance.

China Holds Out Hope Last-minute Deal Can Avert US Trade War

Beijing on Tuesday fired a return salvo in its escalating trade war with the United States, slapping fresh tariffs on everything from American crude oil to agricultural machinery

China's new tariffs on US imports like oil, coal and cars are relatively modest in scale, suggesting that Beijing is hoping for a last-minute deal but also giving them the option to inflict more pain if needed, analysts say.

BIWC Group: Unveiling the Shadows of corporate deception

In the cutthroat world of business, trust can often be elusive, and it can take a team of skilled professionals to expose deception and protect the innocent. This is where BIWC Group enters the stage; a business intelligence agency led by ex-Israeli special forces with a global network of contacts and an almost endless outreach.

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Google chief executive Sundar Pichai says ramping up artificial intelligence capabilities in products is resulting in people using them more and increased demand for its cloud computing services

Google Shares Slide On Spending Plans Despite Sales Jump

Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence.

Pinagare Mogodi: Setting New Standards In 2025 With His Entrepreneurial Skills

Pinagare Mogodi started from the ground up and propelled forward in the business realm, thriving on a strong work ethic with the aim to empower communities.

US President Donald Trump has said the tariffs are designed to make countries stop the flow of fentanyl and migrants

Trump, China's Xi Set To Speak On Tariff Battle

US President Donald Trump and Chinese counterpart Xi Jinping are expected to speak by phone on Tuesday, just hours after slapping tariffs on each other's economies in an escalating trade war.

Infographic of the southern islands of the Cyclades archipelago showing earthquakes registered in the area from January 29 to February 4, 2025 at 0730 GMT

Thousands Leave As Fresh Tremors Shake Greece's Santorini

Thousands of people fled the Greek island of Santorini by sea and air for a third day on Tuesday, as more earthquakes shook the top travel destination.

A car hauler carries Toyota RAV4 vehicles as it enters to cross the Ambassador Bridge in Windsor, Ontario to go to Detroit, Michigan on February 3, 2025

Despite Tariff Reprieve Canadians Worry 'Damage Already Done' To US Ties

The trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain.

The reduction would affect around 12 million workers, notably in retailing, hospitality and agriculture

Spain Moves To Slash Working Week To 37.5 Hours

Spain's minority leftist government on Tuesday approved a plan to reduce the working week to 37.5 hours in one of the world's fastest-growing developed economies.

Ferrari's profit surged even though it sold just 89 more cars in 2024, for a total of 13,752

Ferrari Reports Another Record-Breaking Year

Italian luxury carmaker Ferrari posted another set of record results on Tuesday, with net profit surging to more than 1.5 billion euros last year.

Police officers are seen at the Risbergska School in Orebro, Sweden, on February 4, 2025, following reports of a serious violent crime. Four people were shot at a school in the Swedish city of Orebro on Tuesday, police said while adding that a large opera

Five People Wounded In Sweden School Shooting

Five people were shot and wounded at a school in the central Swedish city of Orebro on Tuesday, police said, urging the public to stay away from the area as a large operation was underway.

Containers awaiting export at Nanjing port in China's eastern Jiangsu province on February 4

Ordinary Chinese Stoic In The Face Of Escalating US Trade War

After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war.

Bottles of Pepsi are pictured at a grocery store in Pasadena

Pepsico Stock Takes A Hit As Demand For Snacks And Drinks Shrinks

Pepsico says people in North America bought less of its drinks and snacks in the past quarter.

Nc'nean founder Annabel Thomas says the company would reduce its margins if tariffs were imposed, in the hopes that they would be temporary

Scottish Whisky Makers Fear Return Of Trump Tariffs

At the end of a wild peninsula battered by winds in west Scotland is a zero-carbon whisky distillery that's bracing for the possible return of US tariffs.

Home to top developers, the United States has no formal AI guidelines -- although some existing privacy protections do still apply

AI Regulation Around The World

Countries and economic blocs around the world are at different stages of regulating artificial intelligence, from a relative "Wild West" in the United States to highly complex rules in the European Union.

Tequila maker Diageo warned of 'macroeconomic and geopolitical uncertainty in many' markets

Tequila Maker Diageo Axes Sales Target On Trump Tariffs

Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila and Canadian spirits.

Graphic showing the US trade balance with selected economies.

Where Things Stand In China-US Trade Tensions

China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts.

Japan's Prime Minister Shigeru Ishiba is visiting Washington this week for his first face-to-face meeting with President Donald Trump

Japan PM To Meet Trump On Feb 6-8 US Trip

Japan's Prime Minister Shigeru Ishiba will meet President Donald Trump on a visit to the United States this week, top government spokesman Yoshimasa Hayashi said on Tuesday.

Palantir Soars 22% After Beating Q4 Estimates And Raising Sales Outlook, Cites AI Growth

The Denver-based software platforms company reported a revenue of $828 million, even as LSEG-polled analysts projected only $776 million.

UBS posted a much better-than-expected net profit in the fourth quarter

UBS Profit Beats Forecast As Credit Suisse Merger Nears End

Switzerland's biggest bank posted a net profit of $770 million for the last three months of 2024, compared with a $279 million loss in the same period a year earlier as it wrestled with the weight of integrating its closest domestic rival.

China Says To Probe Google Over Anti-monopoly Violations

Beijing's State Administration for Market Regulation said the US tech giant was "suspected of violating the Anti-Monopoly Law of the People's Republic of China".