International

Tesla (TSLA.O) chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it plans to build in Asia for making ...

FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange said in its first bankruptcy hearing as they detailed ongoing challenges such ...

Shares of Zoom Video Communications Inc (ZM.O) have tumbled about 90 per cent from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID ...

Ticketmaster and owner Live Nation Entertainment, the events ticketing giant behind the recently botched sale of Taylor Swift concert tickets, should be broken up by the Department of Justice if ...

The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the OECD said, adding ...

Generic drug makers Teva Pharmaceutical Industries and Sandoz say they are planning a significant ramp-up in production of biosimilars – copies of high-priced drugs used to treat illnesses such as rheumatoid ...

Considering the unprecedented economic environment created by years of COVID pandemic, it should hardly be surprising that organizations around the world continue to suffer from a disrupted supply chain. Yet, ...

Britain’s government borrowed less than expected in October, data showed on Tuesday, although the budget deficit is likely to balloon in the months ahead thanks to energy bill support ...

Book-publishing powerhouse Simon & Schuster’s owner will let its $2.2 billion sale to Penguin Random House collapse on Monday, opening the door for a new suitor to try to clinch ...

Twitter Inc’s head of French operations, Damien Viel, said he was quitting the social media platform, whose new owner Elon Musk recently fired top executives and enforced steep job ...

Taiwanese chipmaker TSMC is planning to produce chips with advanced 3-nanometre technology at its new factory in the US state of Arizona but the plans are not completely finalised yet, ...

German house prices will fall 3.5 per cent next year as the cost of living crisis and rising borrowing costs hits consumers, but the chances of an outright crash are low, ...

Financial technology companies, long seen as a threat by the likes of JPMorgan Chase & Co (JPM.N), are increasingly becoming acquisition targets for traditional US banks as rising interest ...

Alphabet Inc’s (GOOGL.O) Google this week introduced rules for inviting guest speakers to its offices, days after it canceled a talk by an Indian historian who has disparaged ...

Countries adopted a hard-fought final agreement at the COP27 climate summit early on Sunday that sets up a fund to help poor countries being battered by climate disasters – but does ...

A federal judge sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion. In ...

By Maria Demertzis The Recovery and Resilience Facility (RRF), the main component of the European Union’s post-COVID-19 Next Generation EU programme, was adopted two and a half years ago. ...

U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early ...

Saudi Arabia has signed investment agreements worth around $30 billion with South Korean companies, Asharq TV quoted the Kingdom’s investment minister Khalid Al-Falih as saying on Thursday. The Saudi-based TV ...

Italy’s new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system that absorbs most social spending and looks increasingly unsustainable in the face of surging ...

The dollar on Wednesday traded just above multi-month lows against most majors as flows that had supported the safe-haven currency slowed after Joe Biden said a missile that caused an ...

International Monetary Fund Managing Director Kristalina Georgieva warned G20 leaders on Tuesday against allowing trade protectionism to “take root” and said the fragmentation of the world economy into geopolitical blocs ...

U.S. Treasury Secretary Janet Yellen said she hopes President Joe Biden’s meeting on Monday with Chinese President Xi Jinping leads to increased engagement on macroeconomic issues between the ...

Some members of the shared economy are seeing a resurgence in the side hustle as inflation bites. People are becoming more interested in driving for Uber Technologies (UBER.N) and ...