International

US chip stocks added to a string of losses on Wednesday, with Wall Street’s main semiconductor benchmark tumbling from record highs following its strongest year since 2009, when the sector ...

Rocket and satellite maker SpaceX on Wednesday was accused by a US labour agency of unlawfully firing eight employees for circulating a letter calling founder and CEO Elon Musk a “...

South Korea’s Hyundai Motor Co (005380.KS) and affiliate Kia Corp (000270.KS) forecast on Wednesday that their combined global sales will rise about 2 per cent in 2024, even as last year’...

Precisely when the Federal Reserve will start cutting interest rates stands as the big unknown for markets and economists as 2024 kicks off, and fresh details about its pivot in that ...

British business leaders have turned more pessimistic about the outlook for the country’s economy and they are holding back on investment decisions, according to a survey published on Wednesday. ...

Global stock markets were lacklustre on Wednesday, while the dollar stayed strong, as market optimism about early US interest rate cuts ebbed and the latest escalation of hostilities in the ...

The dollar eased slightly on Wednesday though it stayed near a two-week high, underpinned by a confluence of factors including elevated US Treasury yields and a cautious turn in risk ...

Eurozone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight month, according to a survey which gave scant signs of any imminent strong bounceback ...

OpenAI’s annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October. This was first reported by the Information last week, citing ...

Aldi UK and Lidl GB reported record Christmas trading on Tuesday, with sales at Aldi rising 8 per cent in the four weeks to Dec. 24 to top 1.5 billion pounds ($1.91 billion) for ...

Sterling just had its best year against the dollar since 2017, yet a weakening economy and election uncertainty make a repeat performance unlikely. It is not hard to see why investors ...

Many electric vehicles lost eligibility for tax credits of up to $7,500 after new battery sourcing rules took effect on Monday, including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, some Tesla ...

Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed. PIF’...

China’s BYD Co (002594.SZ), the world’s biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, sold about 3.02 million vehicles in 2023, an increase of 61.9 per cent, it said ...

Microsoft Corp’s (MSFT.O) plan to end support for Windows 10 operating system could result in about 240 million personal computers (PCs) being disposed, potentially adding to landfill waste, Canalys Research ...

Fintech company Revolut’s revenue rose to a record 923 million pounds ($1.1 billion) in 2022, helped by interest income growth, but net profit fell sharply to 6 million pounds, the company said in ...

Tesla (TSLA.O) is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at ...

OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the ...

Chinese electric vehicle giant BYD (002594.SZ), said on Wednesday it has obtained a conditional testing license for level 3 (L3) autonomous driving on high-speed roads. BYD was granted the first such ...

Turkey’s central bank said on Friday it would maintain a reserve “build-up strategy” in 2024 in order to continue an uptrend in its international foreign currency reserves, adding that a ...

Activity in Russia’s manufacturing sector expanded at its fastest pace in almost seven years in December, a business survey showed on Friday, though new export orders contracted for the ...

British shopper numbers at stores on Boxing Day rose from a year earlier, especially in London, research data showed on Wednesday, marking a strong start to the post-Christmas bargain-hunting spree. ...

A huge two-month rally in bond prices, powered by expectations that central banks will soon be cutting interest rates, has rescued fixed income markets from an almost unheard-of third straight ...

Toyota Motor’s (7203.T) global production jumped 11 per cent in November to a record level, bouncing back from last year’s supply chain disruptions and benefiting from robust demand both ...