BUSINESS

Finnish telecom giant Nokia said Thursday it would cut up to 14,000 job as profits fell on weakening demand for its 5G equipment in North America.

Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could send shockwaves through the industry.

Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could send shockwaves through the industry.

Amazon on Wednesday said it hopes to expand drone delivery into Britain and Italy by late next year, as it unveiled new warehouse robots and tech in its race to get shoppers what they want quickly.

Tesla's results for the third quarter missed analyst estimates on Wednesday, as the Elon Musk-run company was hit by higher costs and the fallout from price discounts.

The U.S. residential real estate market is struggling with a reduced number of units for sale and elevated mortgage rates.

The conflict between Hamas and Israel is both an opportunity and a risk for Russian President Vladimir Putin, who has been mired in pressing his invasion of Ukraine for the past 19 months.

The consumer products maker said that profits and sales will be at the higher end of its guidance ranges for the year.

The European Central Bank moved closer to creating a "digital euro" Wednesday by greenlighting the next stage in the project, even as questions persist about the potential benefits and risks.

The number of new construction of homes is still well below levels of a year ago.

The bank is the last of the biggest Wall Street giants to report third-quarter results.

America's life-science industry is braced for the impact of last year's Inflation Reduction Act, which will soon impose price caps on a range of popular drugs covered by Medicare.

British inflation remained elevated in September, official data showed Wednesday, prolonging a cost-of-living crisis and stoking fear that UK interest rates could stay higher for longer.

Qatar has agreed to supply British firm Shell with natural gas for 27 years, the Gulf emirate's state-owned energy company announced on Wednesday.

After years earning bumper profits by producing parts for fossil fuel-powered cars, German suppliers to the crucial auto industry are struggling as the transition to electric mobility gathers pace.

Taiwanese tech giant Foxconn and US hardware leader Nvidia said Wednesday they would team up to create "AI factories", powerful data processing centres that would drive the manufacturing of next-generation products such as electric cars.

Vietnam's VinFast has grand ambitions of selling its electric vehicles in the United States and Europe to compete with the likes of Elon Musk's Tesla, but it is struggling to find buyers for its cars at home.

Chinese President Xi Jinping said his country rejected "economic coercion" and "bloc confrontation" Wednesday, at the opening ceremony of a forum of international delegates to the Belt and Road forum in Beijing.

China's economic growth slowed to 4.9 percent in the third quarter, official data showed Wednesday, as an unprecedented property crisis hit consumption and business activity in the country.

Nearly a year after Manchester United opened the doors to outside investment, British billionaire Jim Ratcliffe looks set to buy a 25 percent stake in the English Premier League club.

Names scheduled to participate in the Web Summit cancelled their attendance in reaction to the CEO's criticism of Israel.

The United States on Tuesday said it was tightening curbs on exports of state-of-the-art AI chips to China, sending the share price of Nvidia and other semiconductor companies plummeting on Wall Street.

Output increased last month despite the ongoing strike of auto workers, showing positive signals for the U.S. economy.

The second-largest U.S. bank benefited from higher interest rates in the third quarter.

U.S. consumers keep shopping amid a strong labor market and slowing inflation.

US investment bank Goldman Sachs reported a fall in third quarter profits on Tuesday, noting net losses in equity investments compared with a year ago.

Chinese internet giant Baidu unveiled the newest version of its AI chatbot ERNIE on Tuesday, claiming it rivals the capabilities of OpenAI's latest ChatGPT.

Rolls-Royce, the British manufacturer of aircraft engines, said Tuesday it plans to axe up to 2,500 jobs worldwide, or about six percent of its staff, to further slash costs.

China's landmark Belt and Road Initiative (BRI) has thousands of infrastructure projects in every corner of the globe, generating a staggering $2 trillion in contracts while courting international controversy.