Result Page 266 for Latest Business News & Archive

Meta chief Mark Zuckerberg says he is seeing strong engagement across the tech firm's apps, including its freshly launched Threads that challenges the social media platform formerly known as Twitter

Meta Earnings Beat Market Expectations As Ads Revive

Facebook parent Meta on Wednesday beat market expectations for quarterly earnings powered by a reviving digital ad business.

International Seabed Authority Delays Deep-sea Mining Regulations

World map showing areas of seabed mining exploration licenses issued by the International Seabed Authority

The International Seabed Authority has delayed the release of regulations for deep-sea mining until 2025. Deep-sea mining may be the future of raw material gathering.

Airbus And Boeing Race To Boost Aircraft Production

Airbus and Boeing are racing to boost production rates to meet a surge in orders from airlines

Airbus and Boeing both stepped up deliveries of commercial aircraft in the first half of this year, boosting revenue as they strive to ramp up production to meet demand from airlines.

Sales rose by seven percent in North America, Stellantis' most profitable market

Jeep Owner Stellantis Posts Record Profit On Higher Prices

US-European auto giant Stellantis, whose brands include Jeep, Fiat and Peugeot, reported Wednesday a record net profit in the first six months of the year, boosted by higher prices for its vehicles.

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India's Startup World Worries Crisis At One-time Edutech Unicorn Byju's Will Impact Fund Flow

"The Byju's crisis does impact India's image as an investment destination so the Indian Government and StartUp ecosystem needs to take strong measures to make sure that it does not occur again, for this there need to be strong checks and balances at key institutional bodies like the MCA (RoC)," StartUp Consulting India founder Vivek Bhojwani told International Business Times.

The Koh-i-Noor seen on the Queen Mother's Crown during the 2002 funeral of the Queen mother

Crown Jewel Carries Weight Of UK's Colonial Past

The star of Britain's crown jewels, the Koh-i-Noor diamond, is back on view after a notable absence from Charles III's coronation that highlighted the nation's awkward ties with its colonial past.

NatWest CEO Alison Rose has admitting making 'an error of judgment' in discussing Nigel Farage's relationship with the bank

UK Bank NatWest CEO Resigns After Farage 'Error'

The chief executive of Britain's NatWest bank, Alison Rose, stepped down Wednesday after admitting a "serious error of judgment" in speaking to a reporter about the banking affairs of arch-Brexiteer Nigel Farage.

The Fremantle Highway is currently close to Ameland, one of four ecologically sensitive Frisian islands

One Dead, Several Injured In Ship Fire Off Netherlands

One sailor died and several others were injured after a fire broke out on a car carrier ship off the Netherlands on Wednesday, the Dutch coastguard said.

Fed officials have indicated they see additional hikes this year

US Federal Reserve Lifts Interest Rates To 22-year High

The US Federal Reserve announced a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months.

Russian Defence Minister Sergei Shoigu (front, L) arrives at Pyongyang International Airport on Tuesday

North Korea Gives Russian Defence Ministry Delegation 'Warm Welcome'

North Korea rolled out the red carpet for the Russian defence minister, state media said Wednesday, with delegations from Moscow and Beijing set to attend Korean War anniversary events, the country's first known foreign visitors since its pandemic border closure.

Having established itself as a business and luxury hot spot, Dubai is now also attracting some of the world's leading culinary names

Glitzy Dubai Hungry For Culinary Fame

French chef Renaud Dutel never thought his career would take him to the United Arab Emirates' glam hub of Dubai, but has found there a culinary capital in the making.

All eyes are now on the Federal Reserve's policy decision later in the day

Asian Markets Mixed As Fed Rate Decision Looms, China Rally Fades

Asian markets were mixed Wednesday as the previous day's China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more rate hikes before the end of the year.

Drivers for contracted companies drive Amazon-branded vans under work conditions largely set by Amazon, but aren't considered employees of the online retail giant

Subcontractor Lawsuit Could Test Amazon Union Relations

When they started to unionize, Amazon tried to get rid of them. But barely a week before they formally unionized, Amazon announced the cancellation of BTS's contract.

So-called 'legacy' admissions give college applicants with family or donor ties to a university a leg up in the admissions process

US Probe Opened Over Harvard's 'Legacy' Admissions Policy

The US Department of Education has opened a civil rights investigation into Harvard University's policy of giving family members of former students and donors preference in admissions decisions, documents showed Tuesday.

US ex-marine Trevor Reed, charged with attacking police, stands inside a defendants' cage during his verdict hearing at Moscow's Golovinsky district court on July 30, 2020

Ex-US Marine, Once Imprisoned In Russia, Injured Fighting For Ukraine

A former US Marine who spent more than two years in a Russian prison was injured fighting in Ukraine, the State Department confirmed Tuesday.

Microsoft CEO Satya Nadella speaks during a February 2023 keynote address announcing ChatGPT integration into the company's Bing search engine

Microsoft, Google Beat Earnings Expectations Amid AI Frenzy

Tech titans Google and Microsoft announced better then expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a new life into the sector.

UPS CEO Carol Tome described a preliminary agreement with the Teamsters as a win-win-win

UPS Strike Averted As Deal Reached With Teamsters Union

The Teamsters union and UPS shipping announced Tuesday that the two sides had reached a tentative agreement on a five-year contract that would avert a crippling strike across the United States.

Teamsters members are poised to reveal whether they have voted to authorize a strike at package service UPS

UPS, Teamsters Reach Tentative Deal Averting Strike

UPS and its labor union, the International Brotherhood of Teamsters, avoided a strike by reaching a new agreement on Tuesday.

A long-exposure image of a group of SpaceX's Starlink satellites

Uncertainty As Internet Reaches Remote Amazon

Covered in tattoos resembling jaguar spots, an Indigenous man connects to TikTok for the very first time from a previously off-the-grid village deep in the Amazon.

Chinese Foreign Minister Qin Gang Removed From Office

China's foreign minister Qin Gang was removed from office on Tuesday, state media reported, after disappearing from the public eye for a month with little explanation from the ruling Communist Party.

Earlier this month, UAW President Shawn Fain shunned the symbolic handshake with car executives to kick off negotiations and instead spoke with workers

General Motors Reports Strong Results As It Girds For Tough Labor Talks

General Motors lifted its full-year forecast following another strong quarter on Tuesday as it girds for difficult labor negotiations and questions about demand for its growing electric vehicle business.

Malian demonstrators hold up a banner reading 'Thank you, Wagner' in February 2022. Mali's junta brought in Russian paramilitaries to support the army in the fight against jihadists

Russian Paramilitaries To Stay In Africa Despite Wagner Mutiny

Ever since Wagner founder Yevgeny Prigozhin staged a mutiny in Russia last month, questions have been raised over the future of his group in Africa, the cradle of its wealth and notoriety.

Spotify's total active users rose 27 percent to 551 million year-on-year

Spotify Reports Strong User Growth, Raises Prices

Spotify reported Tuesday a bigger-than-expected rise in active users at the end of the second quarter, a day after the music streaming giant announced price increases for its premium service.

There are about 600 in captivity in panda centres, zoos and wildlife parks around the world

Fond Farewell As First France-born Panda Heads To China

The first giant panda to have been born in France received an emotional send-off on Tuesday as he left his French zoo ahead of the long haul flight back to his ancestral China.

Olga Gavrilyuk believes her son may have been beaten before he was killed during Russia's occupation last year of the Kyiv suburb of Bucha

Ukraine's War Orphans Turn To Family To Survive

Karina, a seven-year-old war orphan who lives in Kyiv with her aunt, has vivid memories of life before her parents were killed fleeing invading Russian forces.

Gautier Dianzitu Kulu-Kimbembe drinks water drawn from a communal well in Selembao, a poor neighbourhood with very little water or electricity

DR Congo's Riverside Capital Running On Scarce And Dirty Water

Most mornings, Ariette Oto clambers up a winding, precipitous path to the top of a ravine on the periphery of the Democratic Republic of Congo's sprawling capital.

Hong Kong's surge led Asian markets higher after China pledged measures to boost the country's stuttering economy

China Stimulus Hopes Help Boost Asian Markets, Fed In Focus

Hong Kong led a surge across most Asian markets Tuesday after Chinese leaders pledged fresh measures to boost the nation's stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.

Chef Rikuo Morimoto used his savings to buy a four-decade-old diner in Tokyo and start a restaurant at a fraction of the normal cost

'Era Of Mass Closures': The Japan Businesses Without Successors

Kiyoshi Hashimoto's machinery factory outside Tokyo should be buzzing with industry.

Chef Tue Nguyen at Di Di Vietnamese restaurant in West Hollywood is known on social media as @TwayDaBae

TikTok Chef Whips Up Real-life Los Angeles Restaurant After Virtual Success

Tue Nguyen became a TikTok star by posting videos of herself cooking Vietnamese dishes during the pandemic.

United Parcel Services (UPS) workers walk a 'practice picket line' on July 7, 2023, in the Queens borough of New York City, ahead of a possible UPS strike

How The Potential UPS Strike Could Affect US, World

There could be a major delay on the next item delivered to the doorsteps and loading docks of homes and businesses around the world as UPS workers are deciding whether to strike.

The official match ball for the FIFA Women's World Cup 2023 in Australia and New Zealand

FIFA Women's World Cup Provides Economic Benefit To Australia And New Zealand

Australia and New Zealand broke Women's World Cup records in the opening matches, even with a fatal shooting in Auckland prior to the start. This Women's World Cup has potential positive economic impacts in Australia and New Zealand.

Elon Musk evidently continues to call the shots at freshly rebranded Twitter despite hiring an ad industry executive to replace him as chief executive

Elon Musk Puts His 'X' On Twitter

Since buying Twitter, Elon Musk has made significant changes to the company as well as the app itself, from charging for features to killing off the bird logo. Musk earlier said the company was "Going with (a) minimalist art deco" logo, and that "X.com now points to twitter.com."

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