Business
Nicolai Tangen, chief executive of Norges Bank Investment Management, warned companies against using artificial intelligence primarily as a tool for workforce reductions, arguing that aggressive job cuts could trigger public backlash and damage broader confidence in the technology. Speaking ahead of......
The United States Treasury has imposed sanctions on Hengli Petrochemical, one of China’s largest independent oil refiners, accusing the company of purchasing billions of dollars worth of Iranian crude oil. The sanctions also target dozens of shipping companies and vessels allegedly involved in......
Thermo Fisher Scientific has announced plans to sell its microbiology business to private equity firm Astorg in a deal valued at approximately $1.08 billion. The transaction reflects a broader trend of strategic portfolio reshaping within the global healthcare and life sciences industry. The agreement......
Eli Lilly and Company has announced an agreement to acquire the privately held biotechnology firm Ajax Therapeutics in a deal valued at up to $2.3 billion in cash. The move strengthens Lilly’s position in the oncology sector, particularly in the development of treatments for rare blood cancers. Ajax......
Apple announced that John Ternus will become chief executive officer on September 1, replacing Tim Cook, who will transition to executive chairman of the board. The decision, approved unanimously by the board, ends months of succession speculation and marks only the third leadership transition in the......
A U.S.-linked company involved in a strategic minerals agreement in Democratic Republic of the Congo overstated its mining experience, according to documents and multiple sources reviewed by Reuters, raising fresh concerns over transparency in deals tied to critical resources. The company, Virtus, recently......
Chanel opens the spring 2026 season with a new eyewear campaign that positions glasses as a tool of identity rather than a simple accessory. The visual series presents tightly framed portraits that place the gaze at the center of the composition. Shot by Craig McDean, the campaign features Nicole Kidman,......
Tesla has launched a targeted hiring push in Taiwan for semiconductor engineers as its Terafab project gathers momentum, signaling a deeper move into advanced chip manufacturing. The recruitment drive focuses on experienced engineers with backgrounds in cutting edge fabrication processes, placing the......
Financial services giant American Express has announced plans to acquire Hyper, a startup specializing in artificial intelligence-driven expense management solutions. The move highlights the growing importance of AI in reshaping corporate financial operations. Hyper, founded in 2022 and backed by Sam......
Chanel continues to strengthen its presence in the global wine industry with the acquisition of Rudd Estate, a prestigious vineyard located in California’s Napa Valley. The French luxury group, already active in viticulture for decades, particularly in Bordeaux with Château Rauzan-Ségla,......
ASML is set to report its first quarter 2026 results on April 15, with investors focusing on both financial performance and a major change in disclosure policy. The company said it expects quarterly revenue between 8.2 and 8.9 billion euros, with gross margins of 51 to 53 percent. Analysts estimate revenue......
The United States and Australia have significantly increased their financial commitment to critical minerals projects, pledging billions of dollars to strengthen supply chains and reduce dependence on external sources. The joint investment, which has nearly doubled compared to earlier commitments, is......
Amazon disclosed for the first time that its artificial intelligence business has reached an annualized revenue of more than $15 billion within its cloud division, marking a key milestone in the company’s effort to monetize its heavy investments in AI infrastructure. The figure was revealed in......
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