BUSINESS

Aston Martin on Wednesday launched the final fossil-fuel version of its limited-run powerful V12 Vantage sports car, with every vehicle already snapped up before the British luxury carmaker starts its gradual shift to an electric lineup.

SiFive, Inc., a RISC-V chip technology startup in Silicon Valley, said on Wednesday it raised $175 million in its latest round of funding and is now valued at $2.5 billion.

Elon Musk announced in 2020 that he plans to sell nearly all of his physical possessions and that he "will own no house."

Two UK-Iranian nationals released from detention

Wall Street's main indexes jumped on Wednesday, led by gains in technology and financial stocks, as signs of progress in Ukraine-Russia peace talks lifted sentiment ahead of a widely expected interest rate hike by the Federal Reserve.

The World Trade Organization (WTO) praised a provisional deal to waive patent rights for COVID-19 vaccines after more than a year of deadlock, though drugmakers said the move risked undermining the industry's ability to respond to future health crises.

The World Trade Organization praised a provisional deal to waive patent rights for COVID-19 vaccines after more than a year of deadlock, although drugmakers said the move risked undermining the industry's ability to respond to future health crises.

Around 100 European Union lawmakers asked Brussels on Wednesday to withdraw plans to label energy investments in gas as green, saying this undermined Europe's push to reduce reliance on Russian fossil fuels.

Emerging Asian bonds excluding China continued to see foreign inflows for a 21st straight month in February, but analysts are turning pessimistic about the outlook due to concerns over higher U.S.

Russia faces default fears as debt payment due

Britain's financial watchdog said on Wednesday it is talking to fund managers about how to handle Russian assets rendered worthless by sanctions, joining its counterparts in Luxembourg and elsewhere.

Foreign-listed Chinese shares rallied on Wednesday after Beijing vowed to keep markets stable, soothing overseas investors' nerves after a sell-off due to worries over differences between China and the West in the Russia-Ukraine war.

Foreign-listed Chinese shares rallied on Wednesday after Beijing vowed to keep markets stable, soothing overseas investors' nerves after a sell-off due to worries over differences between China and the West in the Russia-Ukraine war.

Foreign-listed Chinese stocks rallied on Wednesday after Beijing vowed to keep markets stable, soothing overseas investors' nerves after a selloff due to worries over differences between China and the West in the Russia-Ukraine war.

Sanctions imposed on Russia could prod more countries like China to look at central bank digital currencies (CBDC) as a tool to counter the dollar's dominance in the global financial system, former Bank of Japan executive Hiromi Yamaoka said on Wednesday.

SPACs are turning to costly new tactics to keep investors from jumping ship as market confidence wanes in the once red-hot alternative to IPOs.

SPACs are turning to costly new tactics to keep investors from jumping ship as market confidence wanes in the once red-hot alternative to IPOs.

Nickel trading resumes in London after IT error

Oil markets could lose three million barrels per day (bpd) of Russian crude and refined products from April, the International Energy Agency (IEA) said on Wednesday, exceeding the one million bpd per day demand drop high prices are expected to cause.

Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency (IEA) said on Wednesday, as sanctions bite and buyers hold off.

Tokyo prosecutors appeal ruling against Ghosn aide Kelly

Alibaba Group and Tencent Holdings are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the internet firms try to cope with China's sweeping regulatory crackdown, sources said.

British PM meets Saudi, UAE leaders as war roils oil prices

Javelin anti-tank missile, symbol of Ukraine's resistance

The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh wave of global supply chain shocks, ship owners, logistics firms and analysts say.

BMW cut its car division's 2022 profit margin forecast on Wednesday and said it expected the chip crisis to drag on throughout the year, the latest automaker to warn of supply chain disruptions exacerbated by Russia's invasion of Ukraine.

BMW cut its car division's 2022 profit margin forecast on Wednesday, the latest automaker to warn of problems from ongoing chip shortages and new supply chain disruptions as a result of Russia's invasion of Ukraine.

Sales at Zara owner Inditex surged above pre-pandemic levels at the start of its financial year, though the world's No.1 fast fashion retailer by sales faces a fresh challenge in the months ahead after it stopped trading in Russia.

Apple supplier Foxconn forecast an up to 3% fall in revenue for the year in what could be its first annual sales decline in six years, as a shortage of chips squeezes smartphone production and demand cools following a surge during the pandemic.