BUSINESS

The World Bank is handing him the reins at a pivotal time as it looks to reshape its role to better address climate change.

US drugmaker Eli Lilly on Wednesday announced its experimental Alzheimer's drug significantly slowed cognitive and functional decline.

An American Airlines spokesperson said the carrier believes a deal is "within reach" with only a "handful" of issues left to be discussed.

Unrestrained and unregulated advances in artificial intelligence development could pose significant risks to humanity, experts warned.

Stadler will admit guilt in exchange for a suspended sentence after reaching an agreement with the Munich district court over the scandal that rocked Audi's parent company Volkswagen.

The committee is seeking answers about whether the supply chains of Adidas and Nike have been affected by forced labor in China's western region of Xinjiang.

Norway and North Korea remain best and worst, respectively, for press freedom, according to the 21st annual report.

Writer Adam Conover called out Warner Bros. Discovery CEO David Zaslav's salary during an interview with CNN, a company Zaslav also oversees.

As technology and cyber security capabilities increase, so do those of their nemeses; scammers and fraudsters. As a result, investment scams are becoming more sophisticated and can look as legitimate as the real thing. In 2022, scams cost investors $8.8 billion in the US alone, more than triple the amount lost in 2021. That is why it is essential to remain vigilant and seek expert advice from relevant sources before making significant financial decisions.

Ford reports solid profits but sees pricing strength ebbing

The battering on Wall Street comes a day after JPMorgan Chase acquired most of First Republic in a deal engineered by the Federal Deposit Insurance Corporation.

Pointing to robust activity in numerous markets, the company reported a 29 percent jump in first-quarter revenues to $8.8 billion.

The Fed has been on an aggressive campaign of interest-rate hikes since March last year.

Wall Street suffered early losses Tuesday as investors await word from the Federal Reserve.

Pfizer's profits in the first quarter were $5.5 billion, down 30 percent from the year-ago period.

High-tech stocks have been hot on the heels of strong earnings reports, but how long will it last?

Musk reversed his retribution decision but has since heavily promoted ways Twitter will help users make money.

HSBC shares rallied 5.5 percent in midday London deals on Tuesday, as the bank announced a stock buy-back worth up to $2 billion and issued a bright outlook.

"It primarily affects employees in our corporate head office, as we bring central overheads in line with regional profit," the company said.

BP chief executive Bernard Looney called this year's first-quarter performance "strong" as the group focuses "on safe and reliable operations."

More job cuts are coming for the investment bank amid slow dealmaking and economic uncertainties.

A group of investors is suing Adidas for allegedly knowing about Kanye West's problematic behavior before his termination from the brand in October 2022.

Authorities had been investigating the specific brands linked to the outbreak.

Expectations of growth were echoed by Ukrainian companies in the industrial, service and retail sectors.

While many owners managed to recover their stolen cars within a few days of theft, vehicles often had parts missing and broken or destroyed back windows and other components.

First Republic, the second-largest bank by assets to collapse in US history, has been in free fall after disclosing last week that it lost more than $100 billion in deposits in the first quarter.

Introduced in the state legislature last year, Fashion Workers Act seeks employment protections for models and others in the industry.

New Delhi is boosting its efforts to expand the use of the Indian rupee (INR) in international trade as it seeks to increase exports to nations facing a shortage of the U.S. dollar.

Increased adoption of new technologies and widening digital access will most likely drive transformation in companies, said most of the surveyed organizations.