BUSINESS

The U.S. Commerce Department said late on Friday it will limit the size of government subsidizes for semiconductor manufacturing and will not let firms use funding to "pad their bottom line." .

Meta Platforms Inc Chief Executive Mark Zuckerberg told staffers the world's biggest social media company had planned for growth too optimistically, mistakenly expecting that a bump in usage and revenue growth during COVID-19 lockdowns would be sustained.

Spain reports second monkeypox-linked death

Shares of smaller U.S. companies are outpacing a rally in the broader equity market as they draw investors looking to scoop up cheaply valued stocks and those betting the group has already priced in an economic slowdown.

Central banks and markets may have dropped the narrative that inflation is "transitory," but there is a strong chance that current spikes in prices are temporary and will soon begin to trend downward, economists and former central bank policymakers told the Reuters Global Markets Forum (GMF).

The U.S. Treasury Department is likely to announce that it will continue to cut some of its issuance of coupon-bearing Treasury debt when it announces its funding plans for the coming quarter on Wednesday, on expectations of a shrinking deficit.

Concerns over defects in the explosive cartridges in pilot ejection systems aboard three U.S.

German, Turkish diplomats spar in Istanbul

An Austrian firm which Microsoft said created malicious software that was detected on the computer systems of some of its clients in at least three countries has said its spying tool "Subzero" was for official use in EU states only.

Cathie Wood's ARK Innovation fund is on track to post its first monthly gain in eight months in July, riding a rally that has seen beaten-down speculative stocks surge on hopes that the Federal Reserve may not be as hawkish as expected in its fight against inflation.

Chick-fil-A fans criticized the restaurant for the controversial employee program, which was ended due to the backlash.

China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling liquidity crisis in the property sector continues.

Profits at ExxonMobil, Chevron skyrocket with oil prices

A corporate minimum tax proposed this week in a congressional spending bill would not bring the United States into compliance with a separately negotiated 137-country deal for a global minimum tax.

With the addition of the four new airports, Avelo will now fly to a total of 29 cities.

Colombia's inflation is forecast to have maintained its upward trajectory in July, rising almost to 10% amid supply issues and robust demand, pushing up estimates for this year and next, a Reuters poll revealed on Friday.

Amazon Inc's strong quarterly performance on Thursday offered another sign of a split in shopping patterns between more- and less-affluent Americans dealing with the highest inflation in four decades.

Halloween is Hershey’s busiest time of the year as it accounts for 10% of the company’s annual sales.

China Evergrande Group will offer its offshore creditors asset packages that may include shares in two overseas-listed units as a sweetener, the developer said on Friday, as a stifling liquidity crisis in the property sector continues.

Price hikes boost P&G profits despite lower China sales

Amazon has managed to avoid many of the pitfalls of inflation that are crushing its conventional retail rivals.

BBVA and Caixabank on Friday said they were looking at the potential impact of a proposed tax on banks in Spain and exploring taking legal action to challenge the move.

Twitter's bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a five-day trial beginning Oct.

Italy's biggest bank Intesa Sanpaolo's on Friday reported forecast-beating second quarter profit thanks to higher interest rates, and said it would finalise capital return plans once it had a clearer idea of potential pitfalls.

Italy's biggest bank Intesa Sanpaolo on Friday posted a bigger-than-expected profit for the second quarter, helped by higher interest rates and trading gains, which offset the hit to net fees from rough markets.

Birkin bag maker Hermes is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its chief Axel Dumas said on Friday.

Venezuela's Maduro regime loses latest step of UK gold case

Halle Berry has a net worth of $90 million to date.

'Wagatha Christie': Rooney triumphs as Vardy loses libel trial