BUSINESS

Microsoft is laying off 1,900 people, or eight percent of staff, from its gaming division as it consolidates the blockbuster buyout of "Call of Duty" maker Activision Blizzard.

Alaska Airlines said Thursday it expects a $150 million hit from the Boeing 737 MAX grounding, which will limit its capacity growth in 2024.

Forbes' editorial workers, in their first-ever strike, are protesting alleged union-busting and negotiation delays.

A Russian court on Thursday sentenced a woman to 27 years in prison for blowing up an anti-Ukraine military blogger in what prosecutors say was a brazen killing ordered by Kyiv.

Russian nationalist and ex-rebel commander Igor Girkin, whose pro-Moscow militants sparked a decade-long armed conflict in east Ukraine, was jailed for four years Thursday after repeatedly criticising the Kremlin.

Questions remained Thursday over the military plane crash that Russia said had killed dozens of captured Ukrainian soldiers ahead of a planned prisoner exchange.

Finnish telecommunications equipment maker Nokia warned Thursday that it expects another tough economic environment in the first half of this year after its net profit sank in 2023.

Two US lawmakers met Taiwanese president-elect Lai Ching-te on Thursday to reaffirm Washington's support for the self-ruled island, which China claims as part of its territory.

The world's second-largest memory chip maker, South Korea's SK Hynix, said on Thursday it had returned to profit after four consecutive quarters of losses driven by demand for chips used in artificial intelligence.

Behind the global success of Japanese video games lies a delicate task: appealing to overseas players whose expectations on issues such as sexism are increasingly influencing the content of major titles.

Long gone is the Joe Biden of February 2023, strolling confidently through the streets of Kyiv, basking in the role as champion of the Ukrainian cause in the fight against Vladimir Putin's Russia.

Shanghai and Hong Kong stocks built on their recent rally Thursday as traders awaited fresh pledges of stimulus from Chinese officials a day after they announced a measure to boost bank lending, though other Asia markets fluctuated.

The European Central Bank decided to stand pat Thursday and call for patience in the ongoing battle against inflation, pushing back against market hopes of rapid interest rate cuts.

US regulators approved a detailed inspection framework that would allow the return to service of Boeing 737 MAX planes grounded after an emergency landing earlier this month, officials said Wednesday.

Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk's electric vehicle giant warned of slower volume growth in 2024.

Nathalia de Oliveira, an intern at Brazilian mining giant Vale in the town of Brumadinho, was talking on the phone with her husband when she noticed a rush of birds overhead and felt the ground shake.

The billionaire British former owner of Premier League side Tottenham Hotspur, Joe Lewis, pleaded guilty to insider trading in a US federal court on Wednesday, a prosecutor said.

Microsoft's industry dominance hits new heights with a $3 trillion market cap, propelled by the influence of AI.

US President Joe Biden won the coveted election endorsement of America's biggest car workers union Wednesday, in a major boost to his battle with Donald Trump for the crucial blue-collar vote.

Orders for Coralie de Bouard's alcohol-free red wine have been gushing in since the Qatari owners of Paris Saint-Germain football club asked her to come up with a teetotal tipple for them.

Russia on Wednesday accused Ukraine of shooting down a military transport plane carrying dozens of Ukrainian prisoners headed for a prisoner exchange, killing everyone on board.

The Bank of Canada on Wednesday held its key lending rate at five percent for the fourth time in a row, saying it remains concerned about stubbornly high inflation.

The United Arab Emirates and its powerful ruler were sued in a Washington court Wednesday, accused of bankrolling a "dark public relations" operation that falsely linked an American oil trader to terrorist financing.

British Prime Minister Rishi Sunak on Wednesday pledged to maintain Royal Mail's obligation to deliver letters six days a week, despite calls for less frequent service to slash costs.

An obligation that Royal Mail delivers letters six days per week risks becoming "unsustainable", a UK regulator said Wednesday as it proposed less frequent service.

Dutch tech giant ASML, which supplies chipmaking machines to the semiconductor industry, reported Wednesday a rise in annual net profit despite a high-tech trade spat between China and the West.

When Filipino drag queen Amadeus Fernando Pagente dressed up as Jesus Christ and sang the Lord's Prayer in a Manila show, he considered it an expression of his Catholic faith.

A giant crane-operated claw plunges into a mountain of rubbish before dumping its load into a huge furnace, where the waste is engulfed in flames to generate electricity.

Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful?