International

S&P Global Ratings this week downgraded chipmaker Intel Corp’s (INTC.O) credit rating to ‘BBB’ from ‘BBB+’, on slow business recovery and uncertainty following management changes. The ...

London’s Canary Wharf district will borrow 610 million pounds ($777 million) from US investment giant Apollo (APO.N) to repay bonds due over the next two years, raising its funding costs ...

General Motors (GM.N) announced that it will end robotaxi development at its majority-owned, money-losing Cruise business, a blow to the ambitions of the largest US automaker which had made ...

Britain’s Financial Conduct Authority is promising millions of people help with their pensions under new proposals that include offering access to free, targeted support to allow consumers to make ...

Britain on Thursday outlined details of an overhaul to its planning system to help boost growth and hit a target of 1.5 million new homes in the next five years, including ...

Oil prices were little changed on Thursday as a forecast for ample supply in the oil market offset optimism stemming from rising expectations of a US interest rate cut. Brent ...

The Nasdaq Composite Index (.IXIC) hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement over artificial intelligence and expectations of falling interest ...

Russia’s state oil firm Rosneft (ROSN.MM) has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance (RELI.NS) in the biggest ever ...

US consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive interest rate cut next ...

Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed by the Prudential Regulation Authority, after it identified information gaps during ...

OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China’s sputtering ...

Job vacancies have dried up faster in the United Kingdom than in other similar countries over the past year, recruitment platform Indeed said on Tuesday, adding to signs of a ...

British shoppers faced increased pressure on their budgets in November after grocery price inflation edged higher for the third month in a row, industry data showed on Tuesday. Market researcher ...

Britain’s financial watchdog was accused in London’s High Court on Tuesday of unlawfully failing to help thousands of people excluded from a 2.2 billion-pound ($2.8 billion) bank redress scheme relating ...

France and Germany’s political crises are a setback for efforts to modernise Europe’s struggling economy and are already making it harder for companies to take the investment decisions ...

Demand for workers in Britain collapsed last month after the new Labour government’s first budget, a survey published on Monday showed, adding to other signs of the impact of ...

Japan’s bankruptcy filings this year are set to surpass 10,000 and hit the highest since 2013, private-sector data by Tokyo Shoko Research (TSR) showed on Monday, ahead of a closely watched ...

A Rotterdam court held an initial hearing on Monday in the case of a Russian former employee of semiconductor equipment maker ASML (ASML.AS) who is suspected of stealing intellectual ...

Shares in Turkish construction and cement companies surged on Monday, buoyed by expectations that they will benefit from rebuilding in Syria after rebels overthrew President Bashar al-Assad. Turkey will work ...

By Alicia García-Herrero and Juan Mejino Lopez The European Union needs to adapt its emergency funding mechanisms to the increasing number and severity of climate catastrophes.  Devastating flooding in ...

Amazon (AMZN.O), announced a new slate of artificial intelligence platforms, known as foundation models, at its annual AWS conference, allowing for text, image and video generation, among other things. ...

Google Cloud (GOOGL.O) announced that it had partnered with Air France-KLM (AIRF.PA), to deploy generative artificial intelligence (AI) technology on the airline group’s data. WHY IT’S ...

Meta (META.O) has announced that it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to ...

By Hallam Stevens On November 12, United States president-elect Donald Trump announced he would appoint Elon Musk, the world’s richest man, to lead a newly constituted Department of Government Efficiency ...