Latest Business News & Archive

Moscow has launched some of its biggest ever strikes on Ukraine's energy facilities in recent months

Ukraine Suffers New Wave Of Attacks On Infrastructure

Ukraine's air force on Wednesday said it had downed dozens of Russian missiles and drones fired in an overnight barrage that targeted Ukrainian energy facilities.

Spain Struggles To Stamp Out Drug Trade In Poor South

Francisco Mena,, head of Spanish anti-drug trafficking group Coordinadora Alternativas, said "drug trafficking feeds on unemployment"

The killing of two police by drug traffickers has focused attention on smuggling networks in southern Spain, where poverty makes it easy for gangs to recruit youngsters.

Ferrari Confirms 2024 Guidance After First Quarter Boost

Ferrari reported a double digit rise in first quarter profits but its shares slid

Italian luxury carmaker Ferrari on Tuesday posted a double digit rise in both profits and sales for the first quarter of 2024, and confirmed its full-year guidance.

BIWC Group: Unveiling the Shadows of corporate deception

In the cutthroat world of business, trust can often be elusive, and it can take a team of skilled professionals to expose deception and protect the innocent. This is where BIWC Group enters the stage; a business intelligence agency led by ex-Israeli special forces with a global network of contacts and an almost endless outreach.

Insight

More news

ByteDance has said it has no plans to sell TikTok, leaving the lawsuit as its only option to avoid a ban

TikTok Challenges Potential US Ban In Court

TikTok and its Chinese parent company ByteDance filed a legal challenge against the United States on Tuesday, taking aim at a law that would force the app to be sold or face a US ban.

Disney CEO Bob Iger, shown here in 2019, expressed confidence in an upcoming initiative to crack down on improper streaming password sharing

Disney Reports Small Loss But Sees Improvement In Streaming

Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss.

Children amid the rubble of a destroyed building in Rafah in the southern Gaza Strip on April 5, 2024.

'Unlike Anything We Have Studied': Gaza's Destruction In Numbers

As well as killing more than 34,000 people and causing catastrophic levels of hunger and injury, the seven-month war between Israel and Hamas has also caused massive material destruction in Gaza.

Chief Paris Games organiser Tony Estanguet poses with the Olympic flame in Greece in April

Olympic Flame To Arrive In France Ahead Of Paris Olympics

The Olympic flame is set to arrive in the French port of Marseille on Wednesday in front of a crowd of up to 150,000 people in a first major test of the hugely ambitious plans for the Paris Games.

Germany's far-right AfD party is tied for second place in opinion polls ahead of EU Parliament elections

Major German Companies Warn Against Vote For Extremism

Germany's biggest companies said Tuesday they have formed an alliance to campaign against extremism ahead of key EU Parliament elections, when the far right is projected to make strong gains.

Starbucks has said it hopes to reach contracts and have them ratified with unionized stores in 2024

Starbucks Lattes Are Turning To An Unaffordable Luxury — What It Means For Its Shares

Last week, the Seattle-based coffee shop chain reported second-quarter earnings and revenues that badly missed analysts' estimates. It most notably reported a 2% revenue decline, the first since 2020, and lowered its guidance for the next quarter.

Anticipation for a successor to the hugely popular Switch is running high

Nintendo Says Announcement On Switch Successor 'This Fiscal Year'

Nintendo said Tuesday it will make an announcement about a highly anticipated new console by the end of March 2025 as sales decline of the hugely popular Switch, which is now in its eighth year.

This picture shows Aramco tower at the King Abdullah Financial District (KAFD) in Riyadh on April 16, 2023. Saudi Arabia has put a second four-percent chunk of shares of the Aramco energy giant, worth tens of billions of dollars, under the control of the

Saudi Aramco Says Q1 Profit Down 14.5 Percent

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place.

Switzerland's biggest bank said turnover increased by 46 percent to $12.7 billion

UBS Net Profit Up 71% After Two Quarters In The Red

Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion after two quarters in the red due to the takeover of Credit Suisse.

The Amazon announcement follows a multi-billion-dollar investment in Southeast Asia by Microsoft

Amazon Says Will Invest $9 Billion In Singapore

Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city.

The steel plant owned by Chinese company HBIS in Radinac, near the eastern Serbian city of Smederevo

Chinese Mill Blamed For Turning Serbia Village Red With Pollution

In the eight years since Chinese company HBIS bought a steel mill near the eastern Serbian city of Smederevo, locals say they have been plagued by heavy air pollution and thick red dust.

Last week's US jobs data boosted hopes for a Federal Reserve interest rate cut

Asia Tracks Another Rally On Wall St As US Rate Optimism Lingers

Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.

A Boeing whistleblower and other aviation experts painted a troubling picture of Boeing's safety practices at a Senate hearing in April 2024

Boeing Probed In US Over Possible Falsified Records On 787

US air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday.

Springing Into Memorial Day Weekend: Exploring Some of the Most Trendy Outdoor Furniture

The global outdoor furniture market is expanding steadily, with a value of $52 billion in 2024. The US market is the largest and most profitable. It's expected to reach $12.8 billion by 2028.

Belarus had earlier announced that the Polish judge, Tomasz Szmydt, had crossed from Poland into the Moscow-allied state

Polish Prosecutors Say Opened Spy Probe After Judge Flees To Belarus

Polish prosecutors Monday said they had opened an espionage probe after a judge fled to neighbouring Belarus and reportedly asked for asylum over spying allegations that he dismissed as "fabricated".

Sony angered PC players of 'Helldivers 2' by trying them to force them to link to PlayStation Network account

Sony Backtracks Faced With Anger Of 'Helldivers 2' Players

Sony backtracked Monday after players of its popular cooperative third-person shooter game "Helldivers 2" pushed back against a requirement to link with its PlayStation Network platform.

The US Steel acquisition plan, announced by Nippon Steel in December, has become a controversial issue ahead of the US presidential election in November.

EU Clears Nippon Buyout Of US Steel Opposed By Biden

The European Union on Monday approved the $14 billion takeover of major American manufacturer US Steel by Japan's Nippon Steel, which US President Joe Biden has opposed.

Atos runs supercomputers for France's nuclear deterrent, holds contracts with the French army and is the IT partner for the Paris Olympics

Struggling French Tech Group Atos Weighs Financial Lifelines

Struggling French tech group Atos, an Olympics partner and key French defence contractor, said Monday it would make a decision on financial restructuring offers by May 31.