Search

The announcement underscores the threat to European and U.S. automakers posed by Chinese electric-vehicle manufacturers. BYD, China's electric-vehicle juggernaut, said Friday that it would build an assembly plant in Hungary, [...]

The announcement underscores the threat to European and U.S. automakers posed by Chinese electric-vehicle manufacturers. BYD, China’s electric-vehicle juggernaut, said Friday it would build an assembly plant in Hungary, its [...]

Sam Altman’s surprise ouster from OpenAI, the start-up he founded, and move to Microsoft, OpenAI’s biggest backer, has upended the artificial intelligence industry. The world of artificial intelligence looks very [...]

After Russia's invasion of Ukraine in February 2022, hundreds of Western companies announced they would quit operating in Russia. But actually selling their assets and withdrawing has taken time. For [...]

AEROSPACE Struggling Virgin Orbit Files for Bankruptcy Virgin Orbit, a satellite launch company whose fortunes have sunk since one of its rockets failed to reach orbit in January, filed for [...]

The satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January. Virgin Orbit, a satellite launch [...]

The giant oil producer said it earned nearly $50 billion last quarter, the latest energy company to record outsize profits after the surge in crude prices since Russia's invasion of [...]

The carrier's woes are part of a summer full of problems for Europe's travel industry, including staffing shortages and walkouts by fed-up employees. A day after its pilots went on [...]

The French bank will sell its stake in Rosbank, ''ensuring continuity for its employees and clients.'' Société Générale, France's third-largest bank, said on Monday that it would pull out of [...]

The oil giant said it would immediately halt spot purchases of Russian oil, but described other measures as a ''phased withdrawal'' as it seeks alternative sources. Shell, Europe's largest oil [...]

Stocks have been zigzagging for the last several weeks as tension in Ukraine escalated and as sanctions on Russia, imposed in the days since its invasion of Ukraine, have mounted. [...]

Stocks in Europe were sharply lower, but the S&P 500 rebounded after an early decline. Energy markets swung wildly, and shares in Moscow collapsed. Oil prices and global stock markets [...]

The pace of price rises is moving faster than the Bank of England's estimate. Inflation in Britain rose 5.1 percent last month, the highest annual rate in more than a [...]

The article focuses on the British economy's 0.2 present growth in the April-to-June period, exceeding predictions and showing incremental acceleration over the first quarter, despite high inflation, rising interest rates, and labor problems.

The article focuses on Saudi Aramco's second-quarter financial performance, highlighting a nearly 40 percent drop in profit compared to the previous year due to lower oil prices, yet still earning. Topics include reduced profits due to oil price fluctuations, increased capital expenditures, and plans for higher dividends to shareholders in response to Aramco's financial performance.

The article reports on the Russia appeared to avoid a default this week after it made interest payments totaling $117 million due on two bonds denominated in U.S. dollars.

The article focuses on the global financial system's response to the collapse of four banks, which caused turmoil in markets.

The article considers the volatility of the stock market on January 25, 2022 amid uncertainty about the plans of the Federal Reserve. The Standard & Poor 500 and Nasdaq composite indexes declined by 1.2% and 2.3%, respectively. It mentions the intention of the Federal Reserve to address inflation by reducing its support for the economy. Also cited is the impact of the possible increase in interest rates in 2022 on investors.

The article reports on the decline in the U.S. financial markets in December 2021 amidst the resurgence of new Covid-19 infections due to the Omicron variant and the setback in President Joe Biden's bid to advance his comprehensive domestic policy bill. According to Ally Invest's Lindsey Bell, the new variant could adversely affect the country's economic growth trajectory. Also cited is the opposition of Senator Joe Manchin III to Biden's bill.

The article reports on updates on the Russian invasion of Ukraine, particularly the bloody battle between the countries' forces in Ukraine's eastern region and the increasing confrontation between Russia and the West. Also cited are the long-range missiles and other modern weapons pledged by Western countries to Ukraine, and Russia's potential retaliatory actions against Western sanctions like disinformation campaigns and cyberattacks.