Result Page 243 for Latest Business News & Archive

This image released by the US Government reportedly shows the transfer of military equipment from North Korea to Russia

N.Korea Has Sent Arms To Russia For Use In Ukraine: White House

North Korea has delivered more than 1,000 containers of military equipment and munitions to Russia in recent weeks for use in Ukraine, the White House said Friday.

US Banks Rise On Results, But Warn On Inflation And Wars

Pointing to wars in Ukraine and the Middle East, JPMorgan Chase Chief Executive said 'this may be the most dangerous time the world has seen in decades'

Shares of US banks jumped Friday following strong results, but executives cautioned that beneficial industry conditions were moderating and said wars in Ukraine and the Middle East adding uncertainty.

Consumer Sentiment Sinks To Lowest Level Since May

A shopping cart is seen in a supermarket in Manhattan, New York City

A preview of the University of Michigan's monthly index showed the impact of inflation on consumers' views.

Patrick Harker said the Fed was on track for a "soft landing"

US Fed On Track For A 'Soft Landing': Senior Offical

The US Federal Reserve is on track to achieve the rare feat of lowering inflation without causing a damaging recession, a senior central bank official said Friday.

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Taylor Swift's Eras Tour runs from March 2023 to November 2024

Swiftonomics And Beyonce Bump: How Stars Power Economies

Three years after the pandemic wiped out the live music scene, fans are flocking again to see their favourite stars on stage, with Taylor Swift and Beyonce raking it in with tours that are giving local economies a boost.

TSMC is the world's largest contract producer of computer chips

US Extends China Chip Waiver For Taiwan's TSMC: Minister

The United States has extended a waiver to Taiwanese semiconductor giant TSMC to supply US chip-making equipment to its factories in China, the island's economic affairs minister said Friday.

Traders are keeping tabs on movements in the yen as it weakens towards 150 per dollar, raising the possibility of intervention by Japanese authorities

Markets Snap Week-long Rally As US Inflation Dents Rate Hopes

Equities went into reverse Friday, snapping a week-long rally, as a forecast-topping US inflation report revived fears the Federal Reserve will hike interest rates again before the end of the year.

Yields on bonds issued by the US Treasury have hit multiyear peaks in recent days, unnerving investors

Mysterious Rise In US Treasury Yields Perturbs Markets

The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise.

Palestinians drive amid the rubble of buildings destroyed in an Israeli air strike in Rafah, on the southern Gaza Strip

UN Calls For $294 Mn For 'Urgent Needs' In Gaza, Occupied West Bank

The United Nations on Thursday issued an emergency appeal for $294 million to address "the most urgent needs" in Gaza and the occupied West Bank, where more than 400,000 Palestinians have fled their homes in recent days.

The Psyche spacecraft will test out next-generation communications based on lasers and use a propulsion system that harnesses energy from solar panels to create electric and magnetic fields that, in turn, expel charged atoms of xenon gas

NASA Set To Journey To A Metal-rich Asteroid

It's a world like no other: a metal-rich asteroid that could be the remnants of a small planet, or perhaps an entirely new type of celestial body unknown to science.

Newly constructed single family homes are shown for sale in Encinitas, California

Mortgage Rates Rise For Fifth Week On Economic And Geopolitical Tensions

Inflation, Fed rates and the crisis in the Middle East are pressuring overall markets with impacts on loans to buy homes.

Delta reported strong earnings and described strong international demand as persisting

Delta Profits Jump As International Travel Stays Strong

Delta Air Lines reported surging quarterly earnings amid persistently strong demand, while acknowledging a drag from strikes in the US auto and entertainment sectors.

IMF head Kristalina Georgieva revealed the Zambian debt deal at the IMF-World Bank annual meeting in Marrakesh

Zambia Signs Debt Deal With Creditors: IMF Chief

Zambia has signed a long-sought debt deal with its foreign lenders, the IMF's chief announced Thursday, providing financial relief to the first African nation to default after the Covid pandemic.

Delta Air Lines planes are seen at John F. Kennedy International Airport on the July 4th weekend in Queens, New York City

Get Ready For Busy Airports For The Holidays: Delta Says Demand Is Strong

The U.S. airline's third-quarter results were boosted by international travel and the return of corporate passengers heading into the hectic holiday season.

All eyes are now on the release of US consumer prices, which are due later Thursday

Inflation Remains Elevated, Complicating Fed's Interest Rate Policy

Inflation remains elevated above the Federal Reserve's official targets -- no matter how you measure it -- complicating the Fed's interest rate policy.

Police officers perform forensic examinations at the scene of a murder in Guayaquil

'Raining Bullets' In Ecuador City In Throes Of Narcos

On a normally quiet street, two men lie dead surrounded by blood and bullet casings, the latest victims of a series of executions that have become a daily affair in Ecuador's port city of Guayaquil.

Israel-Hamas War A 'New Cloud' Over World Economy: IMF

The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings Thursday that it has darkened the outlook for an already sluggish global economy.

Gasoline prices bumped up the US inflation reading in August, ahead of policymakers' key interest rate decision

US Inflation Slows Less Than Expected in September

Markets are looking into the data to predict the Fed's next moves on interest rates.

The order comes as the aviation sector is in recovery mode after suffering huge losses during Covid pandemic lockdowns, with the airline saying it was also reinstating shareholder dividends

EasyJet Announces Major Airbus Deal As Sector Recovers

British no-frills carrier EasyJet on Thursday said it has reached a deal worth close to $20 billion for 157 Airbus planes and alterations to a previous order.

Japan's former prime minister Shinzo Abe received a rare state funeral at the Nippon Budokan in Tokyo after his assassination

Japan Moves To Strip Unification Church Of Government Recognition

The Japanese government said Thursday it was seeking to strip official recognition from the Unification Church, the influential sect under intense scrutiny since the assassination of former prime minister Shinzo Abe.

Goldman Sachs has sued Malaysia in a British court

Goldman Sachs Sues Malaysia Over Push To Redo 1MDB Settlement

Goldman Sachs has sued Malaysia after the country pushed to redo a settlement over the US investment bank's role in the 1MDB multi-billion dollar scandal, the bank said Thursday.

In a statement issued late Wednesday, the studios said talks had ground to a halt and would be temporarily suspended

Talks To End Hollywood Actors Strike 'Suspended': Studios

Talks between Hollywood actors and studios over an ongoing strike were suspended Wednesday, in a blow to hopes for a swift end to a crisis that has crippled the entertainment industry.

Asian Markets Press On With Rally, China Fund Boosts Optimism

Asian stocks extended the week's gains on Thursday, undeterred by forecast-beating US wholesale inflation data as investors grew increasingly hopeful the Federal Reserve would not hike interest rates further.

President Putin is wanted by the Internatiuonal Criminal Court over the deportation of Ukrainian children to Russia

Putin In Kyrgyzstan For First Trip Abroad Since Court Arrest Warrant

Vladimir Putin arrived in Kyrgyzstan Thursday, visiting abroad for the first time since the International Criminal Court issued an arrest warrant for him in March.

The accounting practices of US big tech companies have long posed a problem for authorities

IRS Says Microsoft Owes $29 Bn In Unpaid US Taxes

The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday.

In this image by NASA in Houston, Texas shows the outside of the OSIRIS-REx sample collector with sample material from asteroid Bennu

NASA Asteroid Sample Contains Life-critical Water And Carbon

A sample collected from the 4.5-billion-year-old asteroid Bennu contains abundant water and carbon, NASA revealed on Wednesday, offering more evidence for the theory that life on Earth was seeded from outer space.

Microsoft Fights $29 Bn US Back Tax Claim

The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday.

Palestinians in Ramallah on the West Bank hurl stones at Israeli forces during a demonstration against Israli bombardment of the Gaza Strip in retaliation for Hamas attacks

Blinken Heads To Israel On Solidarity Mission

US Secretary of State Antony Blinken headed Wednesday to Israel in a show of solidarity after a bloody attack by Hamas, with Washington closing ranks with its ally as it launched heavy retaliation on the Gaza Strip.

Mali Cancels Air France Clearance To Resume Flights: Officials

Mali's ruling junta has cancelled the authorisation given to Air France to resume flights to the country, two senior officials and an air transport official said Wednesday.

Memorial, disbanded months before Moscow launched its Ukraine offensive, is a pillar of Russian civil society

Nobel Winners Stage Rare Protest In Moscow Court

Two Nobel winners staged a rare denunciation of Russia's offensive in Ukraine in a Moscow courtroom Wednesday, as public dissent over the conflict has been all but silenced by a wave of arrests.

Exxon Mobil Corporation’s Chairman and CEO Darren Woods unveiled a takeover of Pioneer Natural Resources for about $60 billion in the petroleum giant's biggest deal since the late 1990s merger between Exxon and Mobil

ExxonMobil To Buy Texas Shale Producer Pioneer For About $60B

ExxonMobil sealed a megadeal to acquire Pioneer Natural Resources for about $60 billion, bolstering its holdings in the Permian Basin, a key US petroleum region, the companies announced Wednesday.

Musk is sensitive about rival platforms being promoted on X

EU's Tech 'Sheriff' Turns To X Rival In Disinfo Duel With Musk

The EU's top internet enforcer took to X, the rebranded Twitter, on Wednesday to trumpet a rival platform, as a duel with Elon Musk over disinformation ratcheted up.

Qatar will supply 3.5 million tonnes of gas a year under the deal, following two agreements with Total last year

Qatar Signs 27-year Gas Supply Deal With France's Total: State Energy Firm

Qatar has agreed to supply France's TotalEnergies with natural gas for 27 years, its state energy company announced on Wednesday.

Cannabis is not actually legal in the Netherlands

Dutch 'Coffee Shops' Savour Legal Pot Trial

In the back room of "The Baron", a Dutch marijuana-selling "coffee shop", owner Rick Brand excitedly browsed through the cannabis products he will soon be able to offer.

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