Latest Business News & Archive

ExxonMobil CEO Darren Woods said the company is moving on from a legal dispute with Chevron and will welcome its rival as a partner in Guyana

Exxon, Chevron Turn Page On Legal Fight As Profits Slip

Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.

France Says It Cannot Save Contraceptives US Plans To Destroy

A Belgian warehouse where US-funded contraceptives have been stored -- and which the US intends to destroy

France said Friday it could not seize women's contraception products estimated to be worth $9.7 million that the United States plans to destroy, after media reports suggested the stockpile would be incinerated in the country.

Musk's X Accuses Britain Of Online Safety 'Overreach'

Elon Musk-owned social network X has introduced age checks as required in Britain designed to protect children from pornography but lashed out that 'oversight becomes overreach' that infinges on free expression

Elon Musk-owned social network X on Friday accused Britain's government of "overreach" with a new law designed to protect children from harmful online content such as pornography.

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.

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Most markets fell as traders digested Donald Trump's latest tariff salvo

Stocks Slide As Trump's New Tariff Sweep Offsets Earnings

Stock markets slid but the dollar held up Friday as US President Donald Trump announced tariffs on dozens of trading partners, offsetting strong earnings from tech giants.

Pent-up demand created a global swell of fan excitement for the Switch 2

Nintendo Quarterly Revenue Surges Thanks To Switch 2

Nintendo on Friday said quarterly revenue had more than doubled year-on-year thanks to the Switch 2, which became the world's fastest-selling console after its launch in June.

Pharmaceuticals accounted for more than half of Swiss goods imported into the United States last year and now face a stiff 39 percent tariff rate

Swiss To Try To Negotiate Way Out Of Stiff US Tariffs

The Swiss government said Friday it would negotiate with the United States to try to avoid the 39 percent punitive US tariff rate that would ravage its key pharmaceutical industry.

Most markets fell as trader digest Donald Trump's latest tariff salvo

Stocks Struggle As Trump Unveils New Tariff Sweep Offsets Earnings

Asian markets mostly fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants.

Amazon Web Services, the cloud computing division at the e-commerce giant helped power quarterly earnings that beat market expectations

US Tech Titan Earnings Rise On AI As Economy Roils

Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs.

Nvidia Says No 'Backdoors' In Chips As China Questions Security

Nvidia chips do not contain "backdoors" allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss "serious security issues".

Apple says it recently shipped its 3 billionth iPhone since the lifestyle changing smartphones debuted in 2007

Apple Profit Beats Forecasts On Strong IPhone Sales

Apple on Thursday reported quarterly profit of $23.4 billion, topping forecasts despite concerns about the effect of US tariffs on its supply chain.

Local residents have fought against a third runway at Heathrow, arguing their lives are already blighted by noise and pollution from Europe's busiest air hub in passenger numbers

Heathrow Unveils GBP49 Bn Expansion Plan For Third Runway

London's Heathrow Airport on Friday unveiled a GBP49-billion ($65 billion) expansion plan, including the costs of building a long-awaited third runway, approved by the UK government after years of legal wrangling.

Amazon reports a surge in quarterly profits, saying investments in artificial intelligence have begun paying off

Amazon Profits Surge 35% But Forecast Sinks Share Price

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.

The online shop managed by Epic Games could be heading for Google's Play Store after a US appeals court sided with the Fortnite maker

Google Must Open Android To Rival App Stores: US Court

A US federal court ruled Thursday that Google must open its Android operating system to rival app stores, after the internet giant lost an appeal in an antitrust case filed by Fortnite maker Epic Games.

Electronic Arts showed off 'Battlefield 6' in Paris, in parallel with promo events also held in London and Los Angeles

EA Shooter 'Battlefield 6' To Appear In October

Promising vast combat zones and pounding action, team-based first-person shooter "Battlefield 6" is set for release in October, pitting it against longtime rival "Call of Duty" for autumn sales dominance.

Satya Nadella, chief executive of Microsoft, which became the second company after Nvidia to attain a $4 trillion valuation

Microsoft Valuation Surges Above $4 Trillion As AI Lifts Stocks

Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout.

Maaz al-Kassasbeh was burnt alive in a cage

Sweden Jihadist Jailed For Life Over Jordan Pilot Burned Alive

A Stockholm court on Thursday handed down a life term to Swedish jihadist Osama Krayem over the 2015 murder of a Jordanian pilot burned alive by the Islamic State group in Syria.

People pass an electronic sign showing the price of the Hang Seng Index at Exchange Square in Hong Kong on April 10, 2025

Hong Kong Sees 3.1% Growth In Second Quarter

Hong Kong's economy grew by 3.1 percent in the second quarter, according to government estimates released Thursday, beating expectations, with strong exports buoyed by businesses racing to take advantage of US tariff easing.

BMW boss Oliver Zipse welcomed the EU-US trade deal

BMW Says Can Weather Tariff Storm Despite Profit Plunge

German carmaker BMW stuck to its 2025 targets Thursday despite quarterly profits tumbling a third due partly to US tariffs, insisting its large American operations meant it could weather the storm.

The Renault diamond has hit a rough patch as it reckons with its stake in trouble partner Nissan and a sluggish European market

Renault Profits Slump As Competition Intensifies

French automaker Renault said Thursday that the tough retail and commercial van market in Europe had squeezed profits although it was able to maintain profitability better than most rivals.

Energy prices have come under pressure in recent months on concerns that US President Donald Trump's tariffs will hurt economic growth

Shell Net Profit Retreats On Lower Energy Prices

British energy giant Shell on Thursday said its net profit slid 23 percent in the first six months of the year, hit by lower oil and gas prices.

Steel coils sitting in the yard at ArcelorMittal Dofasco's steel mill in Hamilton, Canada, which now face 50 percent tariffs to enter the United States

US Tariffs Corrode Steelmaker ArcelorMittal's Profitability

The world's number two steelmaker, ArcelorMittal, said on Thursday its half-year net profit jumped on exceptional items but US tariffs began to eat into its margin.