BUSINESS

Canada's Shopify Inc is laying off 10% of its workforce as the ecommerce company struggles with slowing growth due to a pullback in online shopping after benefiting from a pandemic-fueled surge in demand.

Coca-Cola results boosted by comeback in 'away-from-home' spending

The city of Haifa is set to become an increasingly significant east Mediterranean shipping hub, with Chinese and Indian firms buying into its ports as Israel normalizes ties with its Gulf Arab neighbours under a U.S.

The Bank of Japan won't make any quick or drastic changes to its monetary policy framework and is likely to keep interest rates low, even as this week's board reshuffle brought in less dovish members, former BOJ policy board member Sayuri Shirai said on Tuesday.

German firms are attempting to reduce gas use in response to a government plea to spare reserves, but savings may be limited without production cuts, companies and industry associations across autos, chemicals and engineering told Reuters.

U.S. stocks were sharply lower on Tuesday afternoon, with Nasdaq down more than 2%, as a profit warning by Walmart dragged down retail shares and fueled fears about consumer spending.

U.S. stock indexes fell on Tuesday after Walmart's profit warning heightened fears in the retail sector that consumers were cutting back on discretionary spending in the face of decades-high inflation.

Three peacekeepers killed as anti-UN protests spread in DR Congo

Coca-Cola Co lifted its full-year revenue forecast on Tuesday, encouraged by buoyant demand for sugary sodas in the face of price increases to combat higher costs.

General Motors Q2 profits fall 40% on supply woes, confirms forecast

3M Co on Tuesday disclosed plans to spin off its healthcare business into a listed company, joining a raft of U.S.

3M Co said on Tuesday the industrial giant plans to spin off its healthcare business into a separate public-listed company, joining a raft of manufacturing firms that are looking to simplify their business and boost investor returns.

United Parcel Service on Tuesday said it will not lift the number of packages it delivers for Amazon.com, its biggest customer, as it focuses on shipments with the highest financial returns.

United Parcel Service Inc on Tuesday reported a better-than-expected quarterly profit, after it raised shipping rates and held the line on the number of Amazon packages it will deliver in its bid to focus on more lucrative shipments.

United Parcel Service Inc on Tuesday reported a better-than-expected quarterly profit as more expensive deliveries helped the largest U.S.

Tunisia president hails vote set to bolster rule

Boeing's cash flow will be the focus on Wednesday when the U.S.

The Federal Reserve does not have adequate systems to counter a "malign" effort by China to gather inside information on the U.S.

EasyJet hit by aviation disruption but slashes loss

The U.S. public company accounting regulator will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, including where firms have been delisted, two people with knowledge of the U.S.

The number of jobs in the U.S. solar energy industry rose 9% last year to more than 255,000, with most workers employed in installation and project development, according to a report published on Tuesday.

Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new infections to zero.

Ukraine frontline town just wants 'peace and silence'

European shares fell on Tuesday, with those of Germany and Italy leading declines across major euro zone bourses as European Union countries approved a weakened emergency plan to curb their gas demand, while retail stocks slid after Walmart's profit warning.

It should surprise no one that the first big pandemic-era display of worker power was in air travel, according to Sharan Burrow, head of the International Trade Union Confederation.

UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with analysts predicting the Swiss bank will see harsh conditions in the second half as well.

UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with analysts predicting the Swiss bank will see harsh conditions in the second half as well.

European Union countries bracing for further cuts in Russian gas supply on Tuesday approved a weakened emergency plan to curb demand, after striking compromise deals to limit reductions for some countries.

Alibaba seeks dual-primary listing in Hong Kong