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Exclusive: Chinese firms stockpile high-end Samsung chips as they await new US…
Chinese tech giants like Huawei and Baidu, along with various startups, are stockpiling high bandwidth memory…
SoftBank seen posting modest profit in Q1, buyback potential in focus
Japan's SoftBank Group is anticipated to report a modest profit for the first quarter on Wednesday, but investor…
Global stock markets plunge on US recession fears
Global stock markets experienced severe declines on Monday, with Wall Street and Tokyo’s Nikkei seeing significant…
Morning Bid: Microsoft and job openings to hit pre-Fed vigil
This week, U.S. and global markets are focused on several significant events, starting with Microsoft's quarterly…
Commodities fall, stocks nervy ahead of Fed, BOJ rate decisions
Oil prices fell to their lowest since early June, with Brent crude dropping to $79.34 per barrel as concerns about…
Real Madrid Break €1billion Revenue Barrier
Real Madrid has made history by becoming the first football club to exceed €1 billion in revenue, reaching €1.073…
Nissan shares plunge after profit warning
Nissan shares tumbled over 10% after issuing a profit warning due to fierce sales competition, particularly in the…
Unilever Sees 4% Profit Rise in H1 2024
Unilever reported a 4% increase in net profit for the first six months of 2024, reaching 3.7 billion euros ($4.0…
Musk launches poll asking if Tesla should invest $5 bln in xAI, early votes in…
Tesla CEO Elon Musk has initiated a poll on the social media platform X to gauge public opinion on whether the…
Hotel workers in four US cities to hold strike authorization votes
Approximately 13,500 unionized hotel workers across Boston, San Francisco, Honolulu, and Providence, Rhode Island,…
Fortune 500 firms to see $5.4 bln in CrowdStrike losses, says insurer Parametrix
Fortune 500 companies, excluding Microsoft, are projected to incur financial losses totaling $5.4 billion due to a…
UK business activity picks up after pre-election lull, PMI data shows
British business activity experienced a notable uptick in July, following a lull before the July 4 election,…
Sherwin-Williams raises 2024 profit forecast on upcoming residential demand
Sherwin-Williams increased its full-year earnings forecast and reported a second-quarter profit that exceeded Wall…
Samsung Elec talks with union end without result, union says
Sherwin-Williams increased its full-year earnings forecast and reported a second-quarter profit that exceeded Wall…
Italy seizes 121 mln euros from Amazon unit over alleged tax, labour offences
Italian tax police have seized €121 million from Amazon Italia Transport, a logistics unit of e-commerce giant…
Samsung Elec talks with union end without result, union says
Samsung Electronics and representatives of its largest workers' union in South Korea, currently on strike over pay…
Spotify reports record quarterly earnings, shares jump 14% in premarket trade
Spotify reported a record quarterly profit of 1.11 billion euros, slightly surpassing analyst expectations of 1.07…
Japan’s chief cabinet secretary calls for broad-based wage hikes
Japan's Chief Cabinet Secretary, Yoshimasa Hayashi, has emphasized the importance of extending pay increases to…
China plans low-carbon upgrades for coal power sector
China has unveiled a government plan aimed at significantly reducing carbon emissions from its coal-fired power…
Oil falls on lingering demand concerns in China
Oil prices retreated on Tuesday amid concerns over a slowing Chinese economy impacting demand, despite…
Thailand’s Energy Absolute share prices plunge after resumption of trading
Energy Absolute (EA.BK), a leading Thai renewable energy firm, saw its share prices plummet by nearly 30% during…
Taiwan president thanks Micron CEO for his trust in Taiwan
Taiwan President Lai Ching-te recently expressed gratitude to Micron's Chief Executive Sanjay Mehrotra for the…
Japan households’ inflation expectations heighten, quarterly survey shows
Nearly 90% of Japanese households expect prices to rise in the next year, according to a quarterly Bank of Japan…
US lawmakers raise worries about China in Microsoft deal with Emirati AI firm
Republican lawmakers have requested an intelligence assessment from the Biden administration on Microsoft's $1.5…
Australia to bring anti-scam law targeting internet giants this year, regulator…
Australia plans to introduce a law by the end of the year requiring internet companies to proactively prevent…
Amazon could face probe over treatment of UK grocery suppliers, watchdog says
Britain's grocery regulator has warned Amazon of a possible formal investigation if it does not improve compliance…
AI frenzy takes Taiwan’s TSMC to record peak, puts it in trillion dollar…
TSMC reached a record high in its second-quarter revenue, driven by strong demand for AI applications. The world's…
UK economy improved in May – Report
Britain's economic output grew by 0.4 percent in May, surpassing analysts' expectations of 0.2 percent and…
Spirits set to overtake wine as global drinking habits change
A report by the World Spirits Alliance forecasts that more cases of spirits like vodka and whisky will be sold…
Honeywell to buy Air Products’ LNG unit for $1.81 bln as deal-making spree…
Honeywell announced its fourth acquisition of the year, purchasing Air Products' liquefied natural-gas (LNG)…