Business
Shares of Workday rose sharply on Friday after the company reported stronger-than-expected quarterly results, helping to ease investor concerns about potential disruption from artificial intelligence competitors. The California-based software firm exceeded analysts’ estimates for both revenue......
A U.S. federal appeals court has ruled in favor of Amazon.com, rejecting allegations that the company knowingly facilitated tariff evasion on products sold through its platform. The case was brought forward by Henig Furs, a U.S.-based business, which accused Amazon of allowing foreign manufacturers......
James Murdoch, through his investment company Lupa Systems, has agreed to acquire three major divisions of digital media group Vox Media in a deal that strengthens his position in the evolving media and technology landscape. The acquisition includes well-known assets such as New York Magazine, a leading......
Southwest Airlines has announced plans to significantly expand its newly established global capability centre in India, aiming to grow its workforce to around 1,000 employees over the next few years, according to a senior company executive. The hub, located in Hyderabad, marks the airline’s first......
The United States Department of the Treasury has announced a financial settlement worth 275 million dollars with Adani Enterprises over alleged violations linked to American sanctions on Iran. According to U.S. authorities, the agreement concerns dozens of apparent breaches of sanctions regulations......
Citigroup and BlackRock, through its subsidiary HPS Investment Partners, have announced a major partnership to launch a private credit program valued at approximately 17.5 billion dollars. The initiative aims to expand direct lending activities across Europe, the United Kingdom, and eventually the Middle......
Ford Motor Company has announced a new five-year agreement with EDF to supply large-scale battery energy storage systems for renewable energy projects. The partnership highlights the growing demand for energy storage technologies as countries expand investments in clean electricity and digital infrastructure. Under......
Rising government bond yields are emerging as a key risk for global equity markets, with investors warning that stock valuations may not fully reflect potential economic pressures. Concerns have grown after a recent surge in U.S. Treasury yields, with the 30-year bond climbing above 5% and the 10-year......
China’s civil aviation regulator has held meetings with senior executives from Boeing and General Electric in Beijing, according to official statements released on Sunday. The discussions took place over two separate days and involved top representatives from both companies, which are key players......
Starbucks has announced the elimination of approximately 300 corporate positions in the United States as part of a broader restructuring plan aimed at improving operational efficiency and restoring long-term profitability. The company confirmed that several regional support offices across the country......
The United Arab Emirates has moved to speed up construction of a major east-west oil pipeline designed to significantly increase crude export capacity through the port of Fujairah and reduce reliance on the Strait of Hormuz. The decision comes as regional maritime routes face sustained disruption linked......
Volkswagen executives said the company’s software partnership with Rivian is advancing on schedule, marking a major step in the German automaker’s effort to modernize its electric vehicle technology and streamline future vehicle platforms. Thomas Schäfer, chief executive of the Volkswagen......
U.S. Securities and Exchange Commission and billionaire Elon Musk are set to appear before a federal judge in Washington, D.C., to seek approval of a settlement linked to Musk’s delayed disclosure of his investment in Twitter. The agreement concerns allegations that Musk waited too long in 2022......
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