International

Global spending on cloud infrastructure services reached $90.9 billion in the first quarter of 2025, according to estimates by industry analysts Canalys. The company reported that this represents a 21 per cent increase ...

Could baby poop and fungi work together to tackle landfill waste? That’s the idea behind a new product launched by an Austin, Texas-based startup that sells disposable diapers paired ...

Ferrari (RACE.MI), opens new tab has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance ...

British online fashion retailer ASOS (ASOS.L) has named Aaron Izzard, director of group finance, as its new CFO as the current finance boss, Dave Murray, will be stepping down ...

ChatGPT maker OpenAI was awarded a $200 million contract to provide the US Defense Department with artificial intelligence tools, the Pentagon said in a statement this week. “Under this award, the ...

European truckmaking rivals AB Volvo (VOLVb.ST) and Daimler Truck (DTGGe.DE) hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said ...

Intel (INTC.O) hired three chip industry executives in engineering and networking roles this week, as part of CEO Lip-Bu Tan’s plans to overhaul top management and turn around ...

Nike’s (NKE.N) launch of a new women’s activewear brand in the US through a partnership with Kim Kardashian-owned shapewear label Skims has been delayed, the Air Jordan ...

The Bank of England held interest rates at 4.25 per cent as expected on Thursday but said it was focused on risks from a weaker labour market and higher energy prices ...

The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned against putting ...

Microsoft (MSFT.O) is planning to cut thousands of jobs, particularly in sales, as the tech giant streamlines its workforce amid increased investments in artificial intelligence, Bloomberg News reported on ...

British house price growth halved in April, when a hike in property transaction taxes took effect, official data showed on Wednesday. Annual house price growth cooled to 3.5 per cent from 7.0 ...

British inflation cooled in May as expected by the Bank of England, which is set to keep interest rates on hold this week while it assesses international energy markets rocked ...

Nissan (7201.T) is betting on a new version of its Leaf electric vehicle (EV) to revive its fortunes, having gone from mass-market EV pioneer to laggard since its first model ...

Oil prices fell on Wednesday, after a gain of 4 per cent in the previous session, as markets weighed up the chance of supply disruptions from the Iran-Israel conflict and as ...

Elon Musk’s artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, ...

Airbus (AIR.PA) struck a deal with budget airline VietJet (VJC.HM) for up to 150 single-aisle jets at the Paris Airshow on Tuesday, where industry hopes of a return to ...

A restructuring plan proposed by struggling British discount retailer Poundland will see the closure of 68 stores and rent reductions across other locations, it said on Tuesday. Last week, Warsaw-listed Pepco ...

Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening ...

Federal Reserve policymakers will begin a two-day meeting on Tuesday with escalating tensions in the Middle East risking a new commodity price shock and fresh US data expected to show ...

Sterling was lower against the dollar on Tuesday as market focus stayed on developments in the Middle East, while traders await a closely-watched UK inflation print due on Wednesday and ...

“The United States of America is never going to default, that is never going to happen,” said US Treasury Secretary Scott Bessent on June 1. History suggests that, when it comes ...

Asking prices for homes put up for sale in Britain have fallen by the most in 14 years for the time of year, according to data released this week that adds ...

British luxury carmaker Jaguar Land Rover lowered its fiscal 2026 earnings before interest and taxes margins forecast to 5 per cent-7 per cent on Monday from 10 per cent earlier, amid uncertainty in ...